Topic - Development

$200 million non-gaming, beach-front project is set to break ground in First Half 2019 continue reading →

The Dalmar, a new build lifestyle hotel owned and developed by DoveHill Capital Management and operated by Wurzak Hotel Group, is set to debut at the end of this summer. continue reading →

The hotel will be located in a high rise building in the Yaesu 2-Chome North District Category-I Urban Redevelopment Project, occupying the 39th to the 45th floors. continue reading →

Select-service projects account for 369,367 rooms or 63% of the total U.S. hotel development pipeline, according to STR’s AM:PM platform. While the select-service label can be placed on projects within a number of chain scales, STR focused its analysis of growth in the sector on the Upper Midscale and Upscale chain scales. continue reading →

Glenmont Capital Management, LLC, a New York-based real estate investment firm led by Managing Principal, Lawrence A. Kestin, announced the acquisition of the 241-key Holiday Inn Express & Suites Detroit Downtown. The property will undergo a comprehensive $10 million renovation and upon completion will be rebranded to a Hotel Indigo. Construction is scheduled to commence in late 2018. continue reading →

New 234-Room Destination is Underway at 560 Seventh Avenue; Will Feature Signature Dining Options, Retail Space, a Rooftop LandShark Bar & Grill and Pool, & More continue reading →

Meliá Hotels International has just announced, during the main tourism fair of the Arab market (the ATM of Dubai), two new hotels that will open throughout this year in the United Arab Emirates and Morocco. continue reading →

Destination Resort Invests $15 Million to Develop a Unique Sleeping Under the Sea Experience Debuting Q4 2018 continue reading →

Strategic Property Partners, LLC last week announced plans to bring Marriott International's brand, EDITION, to Tampa. The 173-room hotel will be part of a 26-story tower in the heart of the Water Street Tampa neighborhood, which will also feature a newly built JW Marriott planned to open the prior year. continue reading →

Solid economic and financing conditions, an all-time high in tourist arrivals, and favorable hotel supply/demand dynamics supported near record transaction volume in 2017 of $3.5 billion. Canada continued to be a natural destination for global capital with foreign buyers investing more than $1.35 billion into Canadian lodging real estate. continue reading →