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Construction is underway on DCF Property Group’s $180 million First Light development in Melbourne’s Domain Precinct, which will be home to branded residences and the first Nu By Yoo hotel in Australia. Managed by La Vie Hotels and Resorts, the 97-key hotel will feature luxury accommodation and a signature food and beverage partner. “At
Alison Hulm, Langham Hospitality Group For Langham Hospitality Group, demand for luxury accommodation remains robust but subject to evolving dynamics. Those same pressures, which are starting to subside, have interestingly bolstered performance and demand for luxury hotels due to the resulting construction slowdown and supply constraint.
The over-sized suites, high specification of finishes and recent construction were all contributory factors to attracting the ‘who’s who’ of bidders and driving Sydney’s biggest hotel sale this year,” said Stonebridge Property’s National Director, Lincoln Blackledge. “The
Opportunities abound in the Fijian hotel market – that was the message to the more than 350 hotel industry leaders that gathered at Sofitel Fiji Resort and Spa this week for the AHICE Fiji Islands Investment in Tourism Summit. Deputy Prime Minister Gavoka also spoke about raising the standard of Fiji’s accommodation offering. “We
Schwartzs proposal for the 590-room luxury hotel includes construction of two four-bedroom penthouses, one with a lap pool, above the existing executive lounge, with exclusive lift access. With five ensuite bedrooms each they will be ideal for families, groups and those seeking the absolute finest in hospitality.
Hotel Construction Pipeline Trend Report, the total pipeline has expanded to 6,376 projects encompassing 749,561 rooms—representing a 5% increase in projects and 7% growth in rooms compared to Q1 2024. lodging market. According to Lodging Econometrics’ (LE) Q1 2025 U.S. The expansion of the U.S.
Marriott International has signed a deal to acquire lifestyle accommodation brand CitizenM for US$355 million. There are currently three CitizenM hotels under-construction hotels, totalling over 600 rooms, that are anticipated to open by mid-2026.
A private, tropical paradise in Queensland’s Whitsunday Islands is the latest in a line of luxury island development sites to hit the market. South Molle Island is the latest luxury island offering to hit the market with Long Island, Lizard Island, Dunk Island and Hook Island all finding new owners over the past four years.
The brands current pipeline includes three under-construction hotels totalling over 600 rooms that are anticipated to open by mid-2026, with the prospect of significant additional growth across Marriotts global regions over the next decade. Europe, and Asia Pacific, including gateway cities like New York, London, Paris, and Rome.
Fiji offers an almost unparalleled tourism holiday experience, with great weather year-round, clear uncrowded waters, and beautiful accommodation across a broad range from uber-luxurious to value propositions. Tourism Fiji continues to invest and work co-operatively with our partners in these markets to bring tourists to Fiji.
The brand’s current pipeline includes three under-construction hotels totaling more than 600 rooms that are anticipated to open by mid-2026, with the prospect of significant additional growth across Marriott’s global regions over the next decade.
Charles Avenue is a natural addition to our growing portfolio and reflects our strong belief in the long-term performance of the New Orleans market,” said Michael Coolidge, chief investment and development officer, HRIH.
The apartment hotel meets a demand for quality extended stay accommodation in an area that has historically been undersupplied and is on an upward growth trajectory with population projected to more than double over the next 30 years. The post Punthill plants a flag in Melbourne’s ‘next Southern Cross’ appeared first on Hotel Management.
Ryan Embree: Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotel marketing. So the three that you mentioned, hospitality, travel, and wellness, are the markets that I have the privilege of running. I mean, the market’s in an interesting spot. I’m your host, Ryan Embree.
HALL Structured Finance has closed on a first-lien construction loan totaling $53.5 The hotel will feature 129 rooms and will be the first upper-upscale, full-service property in Truckee, a town whose existing hotel offerings are primarily older, limited-service or resort-style accommodations. of meeting space.
Beyond creating numerous construction jobs, these hotels are expected to generate substantial long-term employment opportunities, boost tourism, and support local businesses through increased visitor spending. of meeting space, an indoor and outdoor pool, the brand’s signature JW Market, a tranquil JW Garden, a curated retail area, and more.
Determined to support her family, she took ad hoc jobs in farming and construction, working long hours for over eight months. Like many refugees, she faced the challenge of trying to find work without local experience. Her breakthrough came through Community Corporate’s SETS program.
LivAway Suites has initiated construction on its newest location in Surprise, AZ, marking the brand’s third hotel in the state over the last three months. “LivAway Suites provides a home away from home for those seeking reasonably priced accommodations that are thoughtfully designed for longer duration stays.
Choice Hotels now has 14 Everhome Suites open, 19 under construction and more than 60 in the pipeline. “Our latest openings reflect our commitment to delivering long-term value for franchisees while giving guests more options in fast-growing, strategically located markets.”
. “The grand opening of Hyatt Studios Mobile / Tillmans Corner marks an exciting milestone as we continue to expand our offerings to meet the growing demand for extended-stay accommodations,” said Dan Hansen, global head, Hyatt Studios.
Originally conceived as a bread factory, the 2019 site was reimagined post-pandemic into a micro motel concept that fills a gap in the market: elevated, self-contained accommodation with edge. Neon Rose leans into the rockstar edge of the word motel with a wink to nostalgia and an irreverent spirit.
Opening the Extended Stay America Premier Suites Bradenton is an important step in our commitment to expanding our footprint in high extended-stay demand markets, said Mark Williams, managing director, franchise development, Extended Stay America. The property is conveniently located right off I-75, near Tropicana Products Inc.,
Terra and Turnberry , two South Florida real estate development firms, have secured $392 million in construction financing that will help advance the development of Grand Hyatt Miami Beach, an 800-room, 17-story property adjacent to the Miami Beach Convention Center.
From selecting the right location to managing construction and hiring staff, the pre-opening phase is about laying the groundwork. If you want your hotel to show up when someone searches for accommodations in your area, getting listed on OTAs should be your first move. But once everything is ready, the focus shifts.
The companies have four Everhome Suites open and 13 under construction as collaborators. These properties reflect our exceptional collaboration with Highside Companies and our shared dedication to providing high-quality extended stay accommodations.” Choice Hotels International Inc. Everhome Suites Cheyenne has 114 rooms.
The hotel marks Vectors inaugural hotel opening and entry into the Conyers market. the hotel offers all-suite accommodations, including studio and one-bedroom suites featuring a working wall, which incorporates a full kitchen and a flexible working/media space. Vector Hospitality Inc. , Each suite also includes modular furniture.
Extended Stay America has opened Extended Stay America Premier Suites Colorado Springs, marking the brands expansion in high-demand markets. This opening marks the second newly constructed Extended Stay America Premier Suites property by Integrated Hospitality Construction. The hotel is also near the U.S.
Located in the citys downtown at 17 West Market Street, InterContinental Indianapolis is steps from the iconic Monument Circle and the Indiana State Capital. Construction was substantially completed by Keystone Group in 2024. The expertly redeveloped property began welcoming guests on 20th February.
Bridge , a digital platform that connects middle-market developers with a network of debt capital providers, has launched its ground-up construction lending program, an in-house lending program designed to support construction and rehab projects for franchised hotels.
This partnership is an exciting development for Rydges and continues EVT Hotels and Resorts strategic focus on brand expansion, in both local and targeted international markets,” said Arundel. Fiji is a beautiful country with a rich heritage, a holiday climate and picturesque ocean views.
To accommodate demand, cities like Atlanta, Chicago, Dallas, Las Vegas, Los Angeles, Miami, New Orleans, New York City, Orlando and San Diego have an abundance of new hotel construction, renovation and brand conversion activity underway. Through Q3 2023, New York also has the most new construction starts of any market in the U.S.
Mason determined that an additional five rooms and the increased guest capacity would support the business to increase spa revenue by up to 30% and enter the all-inclusive segment, filling a gap in the market left by the (currently closed) One and Only Wolgan Valley resort. QCC Founder and Director, Caspar P.
DCOH, formerly the Halikos Group, is a family-run business and one of the region’s largest privately-owned construction, real estate and hospitality providers. Its expertise extends to hotel accommodation with vibrant food and beverage outlets and gaming venues. We’re keen to partner with Trilogy to achieve this.”
“Every decision is grounded in meeting current market trends and future needs of our modern-day travellers.” Ascott acquired the Oakwood portfolio last year Lyf is an accommodation concept targeting next-generation travellers including non-traditional corporates such as digital nomads, start-ups, entrepreneurs and creatives.
The cluster of signings sees the launch of extended stay brand, SureStay Studio, to the portfolio with an existing residential apartments property in Brisbane’s southern suburb of Mount Gravatt, to be converted into 2-bedroom accommodations for business and leisure guests.
Here, Wyndham Hotels and Resorts, Vice President of Business Development SEAPR, Matt Holmes, discusses the challenges and opportunities in the market. Persistent interest rate hikes have a knock-on effect on the construction of new hotels as cost of debt for hotel developers and would-be buyers has increased significantly.
However, the emergence of certain market trends is reshaping the industry. Traditionally, peak seasons were concentrated around the summer months, but we are now witnessing a prevalent winter market. Construction costs continue to rise, making it increasingly difficult to secure new builds in the short-term.
Radisson Hotel Group is expanding its presence in the Fijian market with the signing of a Radisson Blu hotel on Naisoso Island, the group’s second hotel in Fiji. The resort will offer a mix of accommodation including guestrooms, one-bedroom and three-bedroom apartments with beachfront access, as well as expansive villas.
In HM’s 2023-2024 Hotel Development Outlook , Colliers Head of Hotels – Australia, Karen Wales, discusses market activity and the future outlook for development. Australia’s accommodationmarket has continued to expand with the opening of around 3,420 rooms through 2022 in the 10 major markets.
“Quest Woolooware Bay fills a gap in the local market for amenity rich, comfortable and flexible accommodation,” said Ascott Australia’s General Manager of Growth and Capital Strategy, James Shields.
Almost a year on from the opening of its first Australian property in Melbourne’s trendy inner-city suburb of Collingwood, and with another under construction in Bondi Junction, the brand is exploring further opportunities for growth – in dynamic metropolitan neighbourhoods. We’re not aiming to be this high-end lifestyle brand.
IHG Hotels and Resorts is set to bring its premium accommodation brand Crowne Plaza to the Victorian city of Geelong, through a partnership with Plenary Group. The announcement comes ahead of the September opening of a 180-room Holiday Inn and Suites Geelong, which puts IHG on track to be the largest global hotel operator in the area. “The
Choice Hotels Asia-Pac is reporting increased interest among developers in midscale and upper midscale offerings amid high construction costs. Choice Hotels Asia-Pac Development Director, Scott Armstrong Choice Hotels’ International has found success in midscale accommodation across the globe for more than 80 years.
Market challenges Upward pressure on construction costs There’s no doubting the last few years have been challenging ones for the property sector, which has experienced significant increases in the price of commercial construction since the pandemic.
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