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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. World-renowned designer Philippe Starck and international property entrepreneur John Hitchcox founded the Yoo brand in 1999.
As a result of our efforts, interest levels in our luxury and flagship brand, The Langham Hotels and Resorts, have been notably resilient this notwithstanding the labour and supply chain cost pressures that have challenged Australasia of late. Read the full Luxury & Lifestyle development outlook in the latest issue of HM Magazine.
Scott Boyes, Trilogy Hotels Sydney leads the recovery charge with occupancy at 78% and RevPAR growing to an impressive $215, making this market our standout performer. The premium/luxury segments continue to expand, particularly with branded residences attracting both domestic and international guests.
While details of the buyer and price have not been disclosed, Stonebridge said the 5-star hotel will continue to trade under the Skye Suites brand, while complementary tenancies for the six outlets in the ground floor retail precinct, Our Skittle Place, are explored.
If you arent marketing your business on social media, youre missing out on a huge opportunity to build your brands success. However, data insights can actually help you create authentic and engaging social media marketing strategies that build customer trust and enhance brand reputation.
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) finds that, at the close of the first quarter of 2025, the top five markets with the largest hotel construction pipelines are led by Dallas with 203 projects/24,496 rooms, a new all-time-high room total representing 9% project and 11% room growth year-over-year (YOY).
Hyatt Hotels extended-stay brand Hyatt House is gearing up for an Australian debut in May following the completion of Holder Easts AU$280 million Oasis Residences development in South Melbourne last month. The 19-storey development at 30-32 Palmerston Crescent, designed by Hayball Architects and constructed by Roberts Co.,
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. We are open to bold new ideas.” Arrivals are strong.
Trent Conroy, Choice Hotels The Australasian greenfield development market continues to witness feasibility challenges, with elevated construction costs, inflation, and tighter lending conditions dampening new supply pipelines. We’re actively working with investors to unlock value in these markets.
The broader development will also include residential apartments, alongside retail and commercial tenancies, with construction already underway. Bringing the first Marriott Hotel to Parramatta is a profound milestone for JQZ as we expand our portfolio and diversify our assets into the hospitality sector, said JQZ Chairman, Jianqiu Zhang.
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.
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. hotel construction pipeline hits 749K rooms at Q1 2025 close appeared first on hotelbusiness.com. The post U.S.
Owners are seeing the value in mixed-use developments in maximising returns, and dual-branded developments in delivering greater operational efficiencies, writes TFE Hotels Director of Development, John Sutcliffe. Excitingly, the success of TFE Hotels ’ mixed-use and dual branded hotels is set to continue for decades to come.
Full-scale construction has commenced on the development of Radisson Blu Mirage Resort Fiji, scheduled to open in 2026, with the project now funded by both the Fiji National Provident Fund (FNPF) and BSP Financial Group (Fiji) Pte Limited (BSP).
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.
Marriott International has reached an agreement to acquire the lifestyle, select-service brand citizenM. At closing of the transaction, Marriott will pay $355 million to acquire the brand and related intellectual property. “I envisage this relationship will greatly enhance citizenM’s global reach and brand impact. .
1 Hotel Melbourne has opened its doors this week, introducing domestic travellers and international guests to the first Australian iteration of Barry Sternlicht’s “mission-driven” luxury lifestyle brand. Starwood Hotels CEO, Raul Leal, said the brand ethos centres around “luxury rooted in purpose, impact, and authentic experiences”. “1
growth in international markets. “Marriott achieved excellent results in 2024, as we delivered best-in-class experiences that helped drive strong demand for our industry-leading portfolio of brands,” said Anthony Capuano, president/CEO, Marriott. . & Canada and 7.2% from year-end 2023. to more than 1.7 & Canada.
By Ryan Bosch Ask any hotel developer today, and youll hear the same thing: the market is tough. Capital is scarce, construction costs are high, labor is tight and interest rates remain stubbornly elevated. Were starting to see construction financing open up again, selectively, and for the right projects.
This collaboration brings modular construction solutions to stayAPT Suites, adding to the brand’s ability to expand while maintaining the standards of design that guests have come to expect.
TORONTO Canadas hotel investment market saw significant growth in 2024, with total transaction volume reaching $2 billion, a 16 per cent year-over-year increase, according to Colliers INNvestment Canada Hotel Report Q4 2024. per cent to total supply. ADR growth is forecasted at 1.7 per cent inflation. travel is anticipated.
During the discussion, these heavyweight design directors each shared their invaluable perspective on hotel design, brand differentiation, and the ever important role and effect of hospitality design on guest experience plus some bonus advice for designers on the pitching process too. “Each brand is different and has its own place.
has arranged a $253 million construction loan to facilitate the development of the Pendry Nashville and Pendry Residences Nashville, a soon-to-be 30-story hotel-condominium tower located in Nashville’s Paseo South Gulch district. Walker & Dunlop Inc. Hotel Business first reported on the development of the property on March 14.
We enjoy a long-standing relationship with Hilton that provides us with invaluable operational insights, and the DoubleTree by Hilton Washington Meadow Lands Casino Area marks our fourth branded hotel with the franchise company, as well as our second hotel in Pennsylvania.
With the theme of “The Time is Now,” the sold-out event focused on the upcoming opportunities in 2025 in the hospitality market, with an emphasis on Florida. He outlined the top four markets for hotel acquisitions in order beginning with Atlanta, Miami, Nashville and Tampa.
We also delivered the highest number of approvals, construction starts and openings in our history in 2024, helping us achieve net unit growth of 7.3%. During the quarter, the company continued to expand its portfolio in the Asia-Pacific market, surpassing 1,000 hotels in the region. 31, 2024, representing growth of 8% from Dec.
Hotels should also consider the impact of on-property renovations or nearby construction projects and how that may impact air quality. Track the guest experience Hotel leaders rarely have the time to visit each guestroom, particularly at large properties or in busy markets.
We acquired the Punthill brand in 2018. But in a highly competitive market, its important to ensure we continue to enhance our offering and enhance its appeal to increasingly discerning travellers, said Veriu Group Chief Executive Officer, Zed Sanjana.
a Chattanooga-based hotel development and management company, has officially broken ground on the new dual-branded Home2 Suites by Hilton and Tru by Hilton Lookout Valley in Chattanooga, TN. Construction is now underway, with an expected opening in the Fall of 2026. Vision Hospitality Group Inc. ,
He has worked with brands like Ritz-Carlton, Marriott and Hilton, as well as with large family-owned businesses such as Southern Glazer’s Wine and Spirits. He has more than 25 years of experience in construction and development, with a background working at Disney, Universal Creative and Elite International.
The 209-room hotel in Syracuse, NY, is the most recently developed hotel in the greater Syracuse market and is the only hotel located adjacent to the Destiny USA shopping and entertainment centers. Arlington, VA-based private equity firm Excel Group has acquired the Embassy Suites by Hilton Syracuse Destiny USA.
With more than 20 years of high-end industry experience, prior to Woods Bagot, Cross held leadership roles such as Principal Architect at KPF, Design Director at Prime Development, and Director at Squire and Partners, where he gained understanding in the UK, European, and Middle Eastern markets.
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.
AvantStay , a hospitality management company and tech platform with more than 2,300 short-term vacation rental properties across 65 markets, has revealed its entrance into the hotel industry with the forthcoming opening of The Gilmore, an AvantStay Hotel, in Nashville.
Along with this bold change, Starwood Hotels is poised for significant growth in 2025, with more than 40 properties open or in development across its three brands on four continents. Sternlicht and the company received numerous awards centred on innovation and brand distinction. I didnt want to do another typical hotel brand after W.
The newly-created role follows the successful opening of the voco Zeal Exeter Science Park , IHG’s first branded net zero carbon hotel. The hotel has the target of being the first in Western Europe to achieve a BREEAM Outstanding rating in recognition of its sustainable approach to design, construction and overall fit out.
The brand now has 10 properties open across the country and is on track to have 25 hotels open by the end of the year, with 20 currently under construction. Across its four extended-stay brands, Choice has 515 hotels open and nearly 400 in the pipeline. It was designed by Woolpert and constructed by Buffalo Construction.
Highlights for the year included opening three newly constructed hotels totaling 435 rooms, as well as completing approximately $15.3 million in renovations across four of our Marriott-branded hotels. Additionally, the company has begun selectively seeking strategic partnerships with other hotel ownership groups.
1 Hotels , the mission-driven luxury lifestyle brand founded by Barry Sternlicht, has opened 1 Hotel Seattle in the South Lake Union neighborhood. ” The hotel is close to Seattle’s waterfront, the Space Needle, Pike Place Market, the Climate Pledge Arena and Amazon’s headquarters.
Welcome to Suite Spot, where hoteliers check in, and we check out what’s trending in hotel marketing. Almost every single brand, uh, major hospitality brand represented there, uh, with C-Suite leadership. Um, obviously there’s also a lot of dependence on what market you’re in, right? Hello everyone.
The financing, provided by an institutional-grade balance sheet lender, repaid construction financing, returned equity to TPI and includes an earnout structure for future proceeds based on performance. RobertDouglas has been a true strategic partner throughout the process.
These brands are poised to transform the hospitality landscape in Calgary and will debut as part of a dynamic, mixed-use development ideally situated within the city’s rapidly evolving Culture + Entertainment District. . of meeting space, the brand’s signature Living Room, an expansive FIT studio, and a rooftop bar. Within 14,000 sq.
Market challenges “It’s been probably one of the most challenging periods of time in Australian history to develop property,” Sanjana said citing the pandemic, planning hurdles, record high construction pricing, rising interest rates and inflation. “We
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