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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
TFE Hotels has invested in the development of carbon footprint management systems including a Board-endorsed sustainability strategy, setting climate targets, establishing their in-house greenhouse gas monitoring, and reporting.
There are currently three CitizenM hotels under-construction hotels, totalling over 600 rooms, that are anticipated to open by mid-2026. We will continue to own our real estate and operate all our hotels. The post Marriott International to acquire CitizenM for US$355 million appeared first on Hotel Management.
MCLEAN, Virginia, and KOKOMO, Indiana—Hilton announced the groundbreaking of the first Project H3 by Hilton hotel in Kokomo, Indiana, signifying the start of construction on its new studio apartment-style extended-stay hotel brand.
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. The post Exclusive: mixed-use developments driving results for TFE Hotels appeared first on Hotel Management.
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).
With supply having increased enough to accommodate future demand growth and dramatic rises in construction costs, many other mooted projects will be challenged to stack up. Effective hotel asset management has never been more crucial. Read HM ’ s full 2024-2025 Hotel Development outlook here.
The inaugural Extended Stay Hotel Forum, held last Tuesday at the Union League Club in Manhattan, New York City, focused on development, ownership, and operation in the vibrant extended-stay segment, which comprises more than 51 percent of hotels currently being financed.
Geelongs largest hotel, a $120 million Crowne Plaza, has marked a milestone in construction with the topping out ceremony held on Wednesday. Fully funded by Plenary Group and operated by IHG under the Crowne Plaza brand, the 200-room hotel is slated to be completed and operational in early-2026.
million in construction financing for the development of a new Residence Inn by Marriott hotel in Wilmington, DEs Chestnut Run Innovation & Science Park (CRISP). The construction financing was arranged by Philadelphia-based D2 Capital Advisors’ Jack Cortese, David Frankel and John Lightcap. D2 Capital Advisors arranged $23.5
The 32-room Peppers hotel will operate under a dual-branded accommodation offering with the adjoining 60-room Mantra Gladstone, located at the home of the sports club. The post Peppers opens in Gladstone in Accors latest dual-branded accommodation offering appeared first on Hotel Management.
Island Hospitality Management has been selected as the management company for the under-construction TownePlace Suites San Jose, which will be located in downtown San Jose. The hotel will be located close to The SAP Center, San Jose Convention Center and San Jose State University.
The proposed redevelopment aims to retain much of the existing podium structure, allowing hotel operations to continue throughout construction. The post Tuan Sing lodges plans for major mixed-use redevelopment at Grand Hyatt Melbourne appeared first on Hotel Management.
Dezign, a third-generation construction, fitout, and FF&E company, was founded by the Pridham family in 1969. As a multi-disciplinary in-house design studio, Dezign seamlessly integrates design, construction, and delivery capabilities for hotel and hospitality projects.
Driftwood Capital has secured a total of $207 million in senior construction financing and Commercial Property Assessed Clean Energy (C-PACE) financing for its signature Westin Cocoa Beach Resort & Spa on Floridas Space Coast. The company also secured a $50 million credit facility from Amerant Bank at the holding company/fund level.
Australia’s hotel industry has welcomed 20,000 new rooms and more than 200 hotels since the end of 2020, signalling a revival in construction in the wake of the pandemic. Hotel operators across the country – but particularly in our gateway cities – are seeing occupancies re-building to pre-pandemic levels. “We
Independent hotel management company Trilogy Hotels is expanding to the Northern Territory under a multi-property partnership with Darwin-based DCOH Group. The deal sees Trilogy take over management of 417 rooms across three city centre hotels – Novotel Darwin CBD, Frontier Hotel Darwin and Smith Hotel Darwin.
25hours Sydney names General Manager Australia’s first 25hours hotel, which is scheduled to open in the first quarter of 2025, has appointed Silvia Kypriotis as its General Manager. Winner of the HM Australian General Manager of the Year award in 2021, Kypriotis is recognised as an empathetic and people-oriented leader. “I
Opportunities abound in hotel development across the Asia Pacific with many groups reporting strong interest in white-label management and franchising partnerships. 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.
When Marriott acquired Starwood in 2016, Marriott operated just six hotels in the Australia Pacific region. Right now, Marriott can state without challenge that we operate the newest, best, and highest performing hotels in our region. Importantly though, it’s not the number of hotels that is defining our growth, but the quality.
Construction of the long-awaited, AU$250 million Avani Hotel in Mooloolaba, Queensland is set to start in September in a major boost for tourism to the Sunshine Coast. KPAT Managing Director, Kenneth Wagner, said they were thrilled to be starting construction on the hotel in the coming weeks. “We This new 4.5-star
I realised how much I enjoyed working in hotels and pursued a career in hotel management. I then studied for a Bachelor of Business and Hotel Management at The Hotel School and have since been fortunate enough to work in several successful hotels. Talk less, listen more and openly seek constructive feedback on your performance.
Corvinos joins Hotel Equities following more than 15 years with Hilton, where he most recently served as SVP, development, architecture, design & construction for Latin America and the Caribbean. born CALA third-party operator serving the region with a fully embedded model.
Punthill South Yarra Grand, operated by Veriu Group, has unveiled its first major refurbishment since opening in 2009. The post Veriu Group unveils refurbishment of Punthill flagship, the first in a series of targeted property upgrades appeared first on Hotel Management.
Hilton Sydney welcomes new GM Hilton Sydney has appointed Malcolm Zancanaro as the new General Manager of the hotel. I am excited to take on the role of General Manager at Hilton Sydney and appreciate the opportunity to lead such a capable and committed team that has achieved so much under the leadership of Hayden Hughes,” said Zancanaro.
We look forward to bringing our refreshingly local philosophy and extensive hotel management experience to the Fijian hospitality sector.” Rydges Wailoaloa joins the 43 Rydges Hotels and Resorts currently in operation across Australia and New Zealand.
A partnership with prominent Canberra developer Tony Pan of TP Dynamics, will see the construction of a new-build hotel in the nation’s capital, slated to open in the first quarter of 2027. TP Dynamics has secured building approval and construction is already underway following a groundbreaking ceremony on Thursday March 28.
As part of HM’s 2023-24 Development Outlook, CBRE Hotels Managing Director – Capital Markets, Michael Simpson, and Pacific Head of Hotels Research, Ally McDade, discuss the challenges and opportunities that lie ahead in the Australian hotel market. Melbourne is the primary recipient of new room supply (35% of total).
Our growth strategy is asset-right, across leased, franchised and managed business models and we’ve also been seeing more opportunities for conversion projects. 2023 was a pivotal year for RHG where we expanded our relationship with key partners and operators. What segments are primed for growth in this region?
Majestic Hospitality , a full-service property consulting firm, has named David Kuperberg managing director, real estate. The post Majestic Hospitality names David Kuperberg managing director, real estate appeared first on hotelbusiness.com.
Established in 2013, the Ruby brand 20 th brand in the IHG portfolio currently operates 20 hotels (3,483 rooms) in major cities across Europe and has another 10 pipeline hotels (2,235 rooms). The post IHG brand portfolio climbs to 20 as modern lifestyle offering joins the fold appeared first on Hotel Management.
Hotel owner, operator and developer Hotel Equities (HE) has entered into a strategic partnership with Arkansas-based Pinnacle Hotel Group. Pinnacles current hotel portfolio and its development pipelinewhich includes properties from Marriott, Hilton and IHGwill be integrated into Hotel Equities management platform effective May 1.
What is hotel construction? Hotel construction refers to the process of designing, planning, financing , and building new hotel properties, or significantly renovating existing ones. Table of contents Why does hotel construction cost so much? Construction projects are notoriously prone to overruns.
The Star Brisbane Chief Operating Officer, Kelvin Dodt, described it as a ‘defining moment’ for the transformational Brisbane project. The post ‘Defining moment’: Brisbane Sky Deck completes construction of The Star Grand appeared first on Hotel Management.
“San Antonio is a unique market with a growing need for extended-stay hotels,” said Greg Friedman, managing principal/CEO, Peachtree. “The Residence Inn will cater to the diverse demand drivers of San Antonio, including its thriving tourism sector and extensive corporate presence.
This session, hosted by Angela Biddle, Principal, FK, will feature Audrey De Filippis, Associate Director, Athena Blue Global; Richard Dalman, Managing Director & Principal, Dalman Architects; Brenton Smith, Director, Bates Smart; and Kristi Wayman, Director of Design and Technical Services, Pro-invest Group.
Hotel, which will operate under the Collection by TFE Hotels brand. The neighbourhood hotel, which is already under construction, will be part of The Queensbridge Building, which will feature 367 residential apartments, lush gardens and private rooftop terraces when completed. “Not
Peachtree Hospitality Management (PHM) has entered into agreements with TEKMAK Development Company , a full-service hospitality development company, to provide third-party management services for a portion of its hotel portfolio. PHM will assume operations of the SpringHill Suites Dallas Rockwall in Rockwall, TX, on Aug.
Brent Hill, Tourism Fiji Leading figures from major hotel operators will take to the stage including Accor Chief Operating Officer PME – Pacific, Adrian Williams, and Outrigger Hospitality Group, President and CEO, Jeff Wagoner, alongside key owners such as Crowne Plaza Fiji Nadi Bay Resort and Spa Owner, Jay Singh.
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. Bring it on, we’ll navigate through it.”
Palette Hotels has been awarded management of the 140-room DoubleTree by Hilton Washington Meadow Lands Casino Area in Washington, PA. The post Palette Hotels adds DoubleTree hotel in Washington, PA appeared first on hotelbusiness.com.
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.
Over the last 12 months, new hotel construction projects, announced renovations and brand conversions continued to grow, with renovation and conversion activity hitting record highs quarter-over-quarter (QOQ). Over the last year, new hotel construction projects, renovations and brand conversion announcements have increased significantly.
The hotel will form part of the Geelong Convention and Exhibition Centre precinct development project, which will see the construction of a 1,000-seat convention centre and exhibition spaces, retail and hospitality offerings, as well as a large public plaza.
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