Hotel Management

APRIL 11, 2024

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

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General Manager Hospitality Construction Resorts 279

Hotel Management

MARCH 13, 2024

IHG Hotels and Resorts SVP and Managing Director, East Asia and Pacific (EAPAC), Rajit Sukumaran, said that IHG is seizing “great long-term opportunities” in this “dynamic” region. “We We’re also investing in our six Luxury and Lifestyle brands, which account for 22% of our global pipeline, around twice the amount five years ago.

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Pipeline Hotels Resorts Construction 130

Hotel Management

MARCH 12, 2024

BWH Hotels Australasia Managing Director, Rod Munro, said there is a growing appetite for this affordable accommodation offering. With a strong pipeline and interest from new developers, we look forward to continuing to expand SureStay’s presence across the region.”

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Accommodation Hotels Branding Pipeline 264

Hotel Business

JANUARY 4, 2024

After first introducing an extended-stay concept—then known as Project ECHO—in March 2022 , Wyndham Hotels & Resorts has shared exclusively with Hotel Business the progress it has seen with its ECHO Suites Extended Stay by Wyndham brand, with several hotels under construction and the first openings expected in the coming months. “We’re

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Construction Pipeline Branding Resorts 111

Hotel Management

JUNE 15, 2023

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).

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Hotel Marketing Average Daily Rate Market Marketing 276

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.

Construction 52

Construction Shopping Market Marketing 52

Hotel Business

FEBRUARY 16, 2023

Hotel renovation and conversion pipeline activity, at the end of the fourth quarter of 2022, is at the highest totals Lodging Econometrics (LE) has ever recorded. Renovations and conversions account for more projects and rooms than those that are currently in the under construction stage of the new construction pipeline.

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Scale Pipeline Construction Real Estate 99

Hotel Management

JANUARY 28, 2024

Having built a property portfolio of over AU$9 billion of prime assets in Sydney, Melbourne and Adelaide through Walker Group, he has developed a AU$36 billion project pipeline and, over the past decade, has implemented a smooth transition to his executive team to steer the company into the future.

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Shopping Pipeline Construction Resorts 147

Hotel Management

JUNE 13, 2023

Speaking at the Africa Hotel Investment Forum in Nairobi, Radisson Hotel Group Vice President, Development, Africa and Turkey, Ramsay Rankoussi, said the materialisation of pipeline into openings is a strong indication of the company’s growth. “We Radisson Blu Hotel Abuja CBD will be the first Radisson Blu hotel in Nigeria’s capital city.

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Pipeline Construction Hotels Resorts 130

Hotel Management

AUGUST 3, 2023

At the end of the quarter, Marriott’s worldwide development pipeline totalled more than 3,100 properties and nearly 547,000 rooms. More than 240,000 rooms in the pipeline, including approximately 37,000 rooms related to a recent deal with MGM Resorts International, were under construction as of the end of the second quarter.

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Average Daily Rate Pipeline Revenue Resorts 130

Hotel Management

JULY 31, 2023

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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Retail Tourism Resorts Pipeline 246

Hotel Management

NOVEMBER 16, 2023

Choice Hotels Asia-Pac is reporting increased interest among developers in midscale and upper midscale offerings amid high construction costs. We’re experiencing unprecedented pipeline demand and conversion in midscale and upper midscale segments, particularly in regional Australia.

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Accommodation Pipeline Construction Revenue 147

Hotel Management

MAY 7, 2024

With a targeted opening of mid-August 2024, the Adelaide Marriott is the first in a pipeline of three Marriott hotels coming to the city, according to Menon – a Westin hotel, slated to open in late 2026 and a Moxy hotel – all marking brand debuts in South Australia. Marriott has] nearly 9,000 hotels and 1.35

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Hotels Pipeline Construction Branding 147

Hotel Management

DECEMBER 20, 2023

There are so many constraints and challenges in property development at the moment with the escalating construction costs and labour shortages across the industry, so finding ways to deliver a whole number of different uses within the building is the only way to do it in a lot of inner-city developments. More and more so.

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Construction Shopping Pipeline Occupancy 267

Hotel Business

MAY 1, 2024

At the end of the quarter, Marriott’s worldwide development pipeline totaled more than 3,400 properties and nearly 547,000 rooms, including roughly 27,000 pipeline rooms approved but not yet subject to signed contracts. The quarter-end pipeline included 1,089 properties with more than 202,000 rooms under construction.

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Pipeline Construction Occupancy Revenue 64

Hotel Management

MAY 2, 2023

Adelaide is an exciting destination for AHICE as the city’s accommodation sector has boomed in recent years with the addition of a range of new hotels and many more in the pipeline including the Marriott Hotel Adelaide at GPO, Holiday Inn and Suites Adelaide Mawson Lakes and the Little National.

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Hospitality Events Real Estate Pipeline 130

Hotel Management

MARCH 26, 2024

Of course, we have a few more surprises up our sleeve and a strong pipeline of hotels including The Hannah St. Hotel in Melbourne’s Southbank – with diversified property developer Time and Place – which is under construction now and we look forward to releasing more details later in the year.

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Dining Pipeline Construction Branding 130

Lodging

APRIL 13, 2023

SAN RAFAEL, California—LRE & Companies, a real estate development, asset manager, construction, and hotel management company, has revealed the plans for University Square, a 10-acre mixed-use development project at the intersection of Sunset Boulevard and University Avenue in Rocklin, CA.

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Real Estate Retail Construction Management 147

Hotel Business

APRIL 29, 2024

In addition to Frasure, whose background involves executing large-scale development projects, LVXP will benefit from the experience of Nick Tomasino, chief construction officer, who most recently served as SVP, construction at Madison Square Garden Entertainment, where he managed the construction of The Sphere.

Real Estate 104

Real Estate Construction Casinos Retail 104

Hotel Business

MARCH 8, 2024

Chartwell is the hotel operator and FirstBank provided construction financing. Crain Construction Inc. served as the project’s construction manager. The development of the property is part of the airport’s construction and renovation program, BNA Vision, which launched in 2017.

Construction 110

Construction Resorts Hospitality Events 110

Hotel Business

APRIL 19, 2024

Berkadia South Florida’s Managing Directors Michael Weinberg and Scott Wadler, along with their team members Alec Fox and Edmund Aramayo, arranged the five-year, fixed-rate CMBS loan through Goldman Sachs Bank USA. The hotel was originally constructed for the 2002 Winter Olympics and is surrounded by 2,000 acres of skiable terrain.

Construction 59

Construction Closing Shopping Pipeline 59

Hotel Management

MARCH 23, 2023

Wyndham Hotels and Resorts’ new Echo Suites Extended Stay brand is continuing to soar, with more than 200 hotels in its development pipeline just 12 months after it was launched. The post Exclusive: Echo Suites by Wyndham soars, 200 hotels signed in first year appeared first on Hotel Management.

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Hotels Resorts Pipeline Construction 130

Hotel Business

NOVEMBER 30, 2023

We are proud to achieve this construction milestone in bringing the Hyatt Studios brand to life,” said Dan Hansen, global head, Hyatt Studios. The construction of Hyatt Studios Mobile/Tillman’s Corner is expected to create dozens of local jobs and enrich Mobile’s hospitality industry. for Hyatt Studios Mobile/Tillman’s Corner. “We

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Construction Pipeline Retail Branding 64

Hotel Business

FEBRUARY 13, 2024

At the end of the year, Marriott’s worldwide development pipeline totaled nearly 3,400 properties and roughly 573,000 rooms, including more than 21,000 pipeline rooms approved, but not yet subject to signed contracts. More than 232,000 rooms in the pipeline were under construction as of the end of 2023.

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Pipeline Revenue Construction Operations 64

Hotel Management

JUNE 6, 2023

“We’ve also expanded into over 55 new countries while debuting our brands more than 100 times in countries where they’ve never been before, all while nurturing a record development pipeline of over 1,800 hotels, which continues to see positive growth. pipeline nearly 60% and its direct franchising pipeline in China by nearly 70%.

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Resorts Pipeline Scale Hotels 130

Hotel Business

MARCH 18, 2024

The hotel was developed by Radnor Property Group , a real estate development company with a history of higher education public-private partnership (P3) projects in the northeast, and Harrison Street , an investment management firm exclusively focused on alternative real assets. “We Olympia Hospitality operates the hotel.

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Hospitality Real Estate Construction Hotels 105

Hotel Business

FEBRUARY 15, 2024

“Despite the distraction, uncertainty and misperceptions caused by Choice and their slanted and constant communications to our franchisee base, room openings accelerated and our global development pipeline grew by 10% to an all-time high of 240,000 rooms. Development pipeline grew 1% sequentially and by 10% YOY to a record 240,000 rooms.

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Pipeline Revenue Market Marketing 72

Hotel Business

MAY 2, 2023

Our industry-leading pipeline grew to approximately 502,000 rooms, up 2.6% At the end of the quarter, Marriott’s worldwide development pipeline totaled more than 3,050 properties and approximately 502,000 rooms, including more than 21,000 rooms approved but not yet subject to signed contracts. from the year-ago quarter end.

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Pipeline Forecasting Construction Market 105

Hotel Business

APRIL 24, 2024

As a result of our record pipeline and the growth pace we’ve seen to-date, we expect net unit growth of 6% to 6.5 Additionally, of the rooms in the development pipeline, 229,700 were under construction and 267,900 were located outside of the U.S. compared to the same period in 2023. .” and $6.35.

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Pipeline Branding Construction Occupancy 64

Hotel Business

JULY 26, 2023

We continue to drive long-term growth of our global network through the launch of strategic new brands and have already added more than 60,000 rooms to our development pipeline during 2023.” compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 16.1%

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Pipeline Revenue Occupancy Branding 98

Hotel Business

FEBRUARY 16, 2023

Wyndham Hotels & Resorts reported strong results for the fourth quarter and end of the year for 2022, including a 12% year-over-year pipeline increase. Development pipeline grew 12% year-over-year, including 170 new construction projects added for the company’s ECHO Suites Extended Stay by Wyndham brand since launch in March.

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Pipeline Revenue Construction Services 59

Hotel Business

OCTOBER 25, 2023

With a record number of approvals year-to-date driving the largest pipeline in our history, we are confident in our ability to accelerate net unit growth to 5.5% compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.3% billion and $2.6 to 6% next year.”

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Pipeline Occupancy Revenue Branding 59

Hotel Management

MARCH 26, 2024

“Each facility in the hotel is aimed at creating an environment where great things can happen, enabling our guests to focus on productivity, or simply relax,” said General Manager, James Illing. We’ve grown to about 47 hotels this year and about 24 in the pipeline, but we don’t celebrate signings, we celebrate openings. “We’ve

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Occupancy Hotels Dining General Manager 130

Hotel Business

FEBRUARY 7, 2024

for the full year Approved 33,800 new rooms for development during the fourth quarter, bringing Hilton’s development pipeline to a record 462,400 rooms as of Dec. compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.2% from the same period in 2019.

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Pipeline Revenue Branding Occupancy 115

Hotel Business

SEPTEMBER 5, 2023

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel third-party operator and investor, has expanded its leadership team after adding nine hotels to its portfolio in the first half of the year. Based on its current pipeline, HVMG anticipates that its accelerated growth trajectory will continue.

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General Manager Construction Market Share Management 59

Hotel Business

APRIL 27, 2023

. “Our impressive first quarter results demonstrate continued momentum with global RevPAR growth of 12%, net room growth of 4% and the 11th consecutive quarter of sequential growth in our development pipeline,” said Geoff Ballotti, president/CEO, Wyndham Hotels & Resorts. “We and 9% of growth internationally.

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Pipeline Revenue Construction Branding 52

Hotel Management

JANUARY 8, 2024

Exclusive: Marriott appoints luxury leader to new dual role Marriott International is sharpening its focus on luxury with the appointment of Krister Svensson as Multi Property Vice President, Luxury Hotels Australia and General Manager at W Melbourne. Neerav Gorasia has been promoted to Director Hotel Performance for Pro-invest Hotels.

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General Manager Sales Revenue Revenue Management 147