Hotel Industry Development News

Openings planned from Tokyo to Mexico City and Reykjavik to Melbourne continue reading →

Accor and Huazhu will continue to develop their partnership and growth dynamic initiated 4 years ago, which has enabled the openings of 200 economy and midscale hotels in China, mainly under the ibis, Novotel and Mercure brands. An additional 250 properties in the pipeline are scheduled to open over the next 3 years. continue reading →

Azerai Ke Ga Bay, a luxurious and secluded oceanfront retreat in southeastern Vietnam, is set to launch in early 2020 as the third property in Azerai Resorts' growing portfolio. continue reading →

Four Seasons Hotels and Resorts together with developers Carpenter & Company Inc. and Woodward Interests, LLC will open a luxury hotel and Private Residences in downtown New Orleans in late 2020. The property is owned by Two Canal Owner LLC, in which both developers are partners. continue reading →

The sales price, inclusive of buyer's estimated anticipated capex of $2.5 million, represents a trailing twelve-month cap rate of 5.9% on net operating income and a 14.3x Hotel EBITDA multiple as of October 31, 2019. continue reading →

The New Haven Hotel features 135 guestrooms and suites, a fully-equipped business center and fitness center, complimentary high-speed wireless internet access, as well as a 24/7 grab-and-go market. continue reading →

Gencom today announced the acquisition of Hacienda AltaGracia, Auberge Resorts Collection, a high-end resort in the mountains of Pérez Zeledón in the southern region of Costa Rica. The resort was originally conceived and developed as a family retreat and coffee farm in a storied agricultural town and has consistently ranked among the top resorts in Central America since aligning with Auberge Resorts Collection in 2015. continue reading →

Hotel will reopen as Capri Palace, Jumeirah in April 2020 continue reading →

Hilton (NYSE: HLT) today announced the signing of a franchise agreement with Palacio de Arozteguia S.L. to open Hotel Palacio de Arozteguia Baztan, Curio Collection by Hilton, the first Curio Collection hotel in Northern Spain. continue reading →

Hyatt Hotels Corporation (NYSE: H) announced today that more than 20 new luxury hotels and resorts are expected to open worldwide by the end of 2020, boosting Hyatt’s luxury portfolio. The additions include new properties under the Park Hyatt, Andaz, Alila, Grand Hyatt, Miraval and The Unbound Collection by Hyatt brands. continue reading →