Hotel Business

AUGUST 18, 2023

Arriba Capital recently closed a $52.5 million ground-up construction loan for a Holiday Inn Express and Staybridge Suites dual-brand property in the central business district (CBD) of Houston. The post Arriba Capital closes $52.5M construction loan for Houston hotel appeared first on hotelbusiness.com.

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Hotel Management

MARCH 30, 2023

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. Whatever happens, we’ve gone through that.

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Hotel Management

FEBRUARY 12, 2024

Crystalbrook Collection has invested in excess of $1bn in Australia where we operate close to 2,000 rooms, including those under development. Construction is expected to commence in the third quarter of 2024. We are excited to bring in a world class experience to this part of the Adelaide CBD”.

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Hotel Business

MARCH 27, 2025

Highlights for the year included opening three newly constructed hotels totaling 435 rooms, as well as completing approximately $15.3 Internally, we continued to improve our technology platform and operational efficiencies. million in renovations across four of our Marriott-branded hotels.

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Hospitality Branding Scale Construction 85

Hotel Business

APRIL 28, 2025

At closing of the transaction, Marriott will pay $355 million to acquire the brand and related intellectual property. Following closing, the citizenM portfolio will become part of Marriott’s system, with the hotels owned and leased by the seller subject to new long-term franchise agreements with Marriott. regulatory approval.

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Hotel Management

MAY 2, 2023

The conference presented a deep dive into the world of hotel design and construction, from humble lead-free tap fittings to the ground-up construction of state-of-the-art environmentally efficient buildings. Recent spiralling construction costs and the management of consultants also provoked reactions from our panel.

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Hotel Business

SEPTEMBER 22, 2023

million in C-PACE financing for the construction of an eight-story, 80-room expansion of The Broadway, A DoubleTree by Hilton Hotel in Columbia, MO. The boutique hotel serves as the gateway to downtown Columbia and the North Village Arts District, and is close to three universities and the University of Missouri medical center complex.

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Hotel Business

MAY 20, 2025

Ryman plans for the resort to continue to be operated by Marriott International under the JW Marriott flag. The propertys 2025 results are expected to be impacted by construction disruption related to the meeting space renovation currently underway and ongoing through the third quarter. Ryman Hospitality Properties Inc.

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Hotel Business

JUNE 11, 2025

We anticipate that additional upside from operational synergies and improved market positioning following our planned renovation will further enhance returns on our investment. million with an expected 260 rooms, which the company anticipates acquiring in late 2025 following completion of construction.

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Hospitality Real Estate Sales Closing 59

Hotel Management

OCTOBER 3, 2023

The Veriu Group is making its mark in Australia’s apartment hotel landscape with over 3,000 rooms operating across 21 sites and a further 17 sites in development across both the Veriu Hotels and Suites and Punthill Apartment Hotels brands.

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Hotel Business

SEPTEMBER 18, 2023

CIM Group , a community-focused real estate and infrastructure owner, operator, lender and developer, revealed that its CIM Real Estate Debt Solutions business closed on behalf of a CIM-managed fund a $34.97-million The post CIM closes $63.87M in loans for two Florida properties appeared first on hotelbusiness.com.

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Hotel Business

OCTOBER 30, 2024

Current under-construction activity shows remarkable acceleration, with 81 active projects (10,596 rooms) representing a 45% surge in projects and a 29% increase in rooms year-over-year. Another 69 projects (9,768 rooms) in Canada are scheduled to begin construction within the next 12 months.

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Hotel Business

MAY 3, 2023

million loan to finance the construction of the Cambria Hotel Hillsboro, a four-story, 115-key asset in Hillsboro, OR. Our decades of experience owning, operating and financing hotels gave us great confidence in making this loan, and we look forward to contributing our knowledge to support the project’s success. The 22,000 sq.-ft.

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Construction Real Estate Retail Shopping 59

Hotel Business

FEBRUARY 15, 2023

In the year-end 2022 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) , analysts report that at the close of the fourth quarter, Europe’s total construction pipeline stood at 1,711 projects/260,911 rooms. Through the fourth quarter of 2022, 373 new hotels with 55,647 rooms opened in Europe.

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Construction Pipeline Closing Forecasting 52

Hotel Speak

FEBRUARY 5, 2025

LEGIT (Lodging Emissions & Guest-night Impact Tracker), a new tool developed by the tech-powered hospitality operator and Furthr , a top tier environmental consultancy, gives guests complete environmental impact metrics for each of its room-types in every property.

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Operations Hotels Hospitality Scale 66

Hotel Business

SEPTEMBER 22, 2023

Peachtree Group , a diversified commercial real estate investment company, has revealed its credit division has closed $556 million in loan originations of the $1.1 The company also opened five hotels that were under construction as of September 2023. billion the company deployed year-to-date.

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Hotel Business

JUNE 23, 2023

JLL’s Capital Markets group has arranged a $750 million construction loan for the first phase of the Enterprise Research Campus, a 900,000-sq.-ft., The loan represents one of the country’s largest construction loans closed this year. mixed-use development minutes from Harvard University in Allston, MA.

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Construction Shopping Market Marketing 52

Hotelier Magazine

FEBRUARY 10, 2025

Strong operating performance and investor confidence contributed to the sectors continued momentum, particularly in metropolitan markets. Sixty percent of all 2024 hotel trades were valued under $10 million, and 43 per cent closed for less than $5 million, reflecting investor interest in smaller markets with attractive yields.

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Average Daily Rate Occupancy Hotels Revenue 52

Hotel Business

APRIL 22, 2025

Hotel assets have long been viewed as higher risk due to operating volatility, seasonal cash flows and the potential for rapid changes in performance. They’re better able to price to risk, structure to fit each unique deal and close with speed and certainty. That caution has only intensified.

Construction 59

Construction Hotels Market Marketing 59

Hotel Business

MAY 20, 2025

” The hotel is close to Seattle’s waterfront, the Space Needle, Pike Place Market, the Climate Pledge Arena and Amazon’s headquarters. Additionally, more than 70% of construction waste was diverted from landfills. Upon arrival, guests are welcomed by a driftwood sculpture by local artist Alison Stigora.

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Hotel Business

AUGUST 2, 2023

PHM also has agreed to operate two under-construction hotels in Texas: a dual-branded TownePlace Suites by Marriott and Fairfield by Marriott in Paris and a TownePlace Suites by Marriott in Forney. The property is close to Lake Ray Hubbard, Rockwall Technology Park and Downtown Rockwall Historic Square.

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Management Market Share Hospitality Management Construction 96

Hotel Designs

APRIL 9, 2025

Working closely with Lamington Groups operations at room2 Chiswick, Southampton, and Belfast, the initiative aims to intercept and repurpose waste generated across hotel sites, from plastic and textiles to food and construction materials, and reintroduce them into the guest experience.

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Hotel Business

APRIL 8, 2025

McNeill Hotel Company (MHC) has appointed Chris Kontos to the position of regional director of operations. Immediately prior to joining MHC, he spent 10 years with Hotel Management Group as regional director of operations for the Midwest and Carolina markets.

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Hotel News Resource

NOVEMBER 21, 2023

Opening in 2027, InterContinental Sabah Kota Kinabalu Resort will adopt environmentally friendly practices throughout its design, construction and operations, and provide guests with immersive, close-to-nature stays through experiences that value, protect and care for the biodiversity of its location.

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Hotel Business

DECEMBER 16, 2024

The companies have four Everhome Suites open and 13 under construction as collaborators. “Based on the operations results we’ve seen, we are thrilled to add more Everhome Suites hotels to our portfolio,” said Justin Roberts, CEO, Highside Companies. Choice Hotels International Inc.

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Hotel Business

APRIL 18, 2023

The brand, which marks Hyatt’s entry into upper-midscale lodging in the Americas, was conceived through direct collaboration with hotel developers and listening closely to the needs of target guests, according to the company.

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Construction Branding Market Marketing 98

Hotel Business

MAY 6, 2025

Marriott’s reported operating income totaled $948 million, compared to 2024 first quarter reported operating income of $876 million. Adjusted operating income in the 2025 first quarter totaled $1.016 billion, compared to 2024 first quarter adjusted operating income of $952 million. & Canada region.

Pipeline 59

Pipeline Branding Market Marketing 59

Hotel Management

JANUARY 8, 2024

In the newly created dual role, Svensson will take charge of operations at W Melbourne whilst also having oversight of all of Marriott’s luxury properties in Australia, including under the The Ritz-Carlton and W Hotel brands. Krister will also work closely with leaders across Marriott’s Australian hotels to drive Marriott’s legacy in luxury.

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Hotel Business

FEBRUARY 14, 2024

Madison, WI-based owner, operator and developer NCG Hospitality has appointed Corey Chamberlain as VP, capital markets and Ryan Kotila as design & construction project manager. Kotila joins the NCG Hospitality team after working for Culver Franchising, managing the design and construction of new Culver’s restaurants.

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Hospitality Construction Closing Management 69

Hotel Business

JUNE 29, 2023

million Commercial PACE (C-PACE) financing for a new 140-room hotel starting construction in Oakhurst, CA, just outside Yosemite National Park. Outbound Yosemite Resort will be close to Yosemite National Park and other outdoor attractions of the Sierra Nevada Mountains. The hotel operator will be Springboard Hospitality. “We

Real Estate 69

Real Estate Construction Resorts Hotels 69

Hotel Designs

NOVEMBER 21, 2023

Following its hotel development ‘move’ in Mexico last year, Kempinski Hotels has been named operator of a new luxury beachfront residences and resort, located on one of the last remaining pristine stretches of Grace Bay Beach in Providenciales, Turks and Caicos Islands.

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Construction Dining Resorts Services 101

Hotel Management

APRIL 30, 2024

The 2024 Design Inn Symposium saw a stellar cast of speakers enlightening delegates on some of the most pertinent topics in hotel design and construction.

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Hotel Management

MARCH 10, 2024

The hotel industry is one of the most proactive in promoting inclusivity when compared to other industries that traditionally attract a predominantly male workforce, like mining and construction, for example. I started women in leadership sessions when I worked in Asia – to build trust, confidence and support among female employees.

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General Manager Business Management Construction 130

Hotel Business

AUGUST 10, 2023

A 44-room property in Red River, NM, close to Red River Canyon and Old Town. La Créole Inn & Suites in Lafayette, LA, a new-construction property developed by Pride Opportunity Developers. . The Bradford Hotel in Springfield, MO. The hotel features a fitness center, an outdoor pool and meeting rooms.

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Hotel Business

AUGUST 20, 2024

In total, Choice has four Everhome Suites open, 65 in the pipeline, more than 20 under construction and more than 15 expected to open within the next 12 months. The Everhome Suites San Antonio marks the sixth property under construction in Texas. Choice Hotels International Inc. Air Force enlisted basic military training.

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Hotel Business

MARCH 5, 2025

The borrower will use the proceeds to refinance a high-interest-rate construction loan, securing more favorable financing terms through a private capital provider. The property is close to the Dallas-Fort Worth metroplex, offering access to key business and leisure destinations. of indoor and outdoor meeting space.

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Real Estate Construction Closing Operations 59

Horizon Hospitality

MAY 27, 2024

However, for these projects to pay off for clubs, they must not let member satisfaction slip during construction. If your private club renovation is about to break ground, consider the following: Generate Excitement with Members If you can muster up excitement among members, there will be far less grumbling about the construction mess.

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