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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. The post Construction underway on 97-key Nu By Yoo hotel in Melbourne appeared first on Hotel Management.
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.
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).
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.
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. This relationship will allow us to work together to maximize returns.
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 app became the 5th most downloaded hospitality app in 2025.
Crystalbrook Collection is set to expand into the South Australia market following the signing of a AU$130 million new-build hotel in Adelaide’s CBD with local property developer, Samaras Group. Crystalbrook Collection has invested in excess of $1bn in Australia where we operate close to 2,000 rooms, including those under development.
NEWTON, MassachusettsSonesta International Hotels Corporation announced its new Sonesta Simply Suites prototype, a streamlined, market-responsive design catering to modern extended-stay travelers.
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.
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.
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. Trilogy will focus on driving efficiencies across hotel operations with teams working together under the same owner.
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.
Radisson Hotel Group has established a strong market position in South East Asia and Pacific particularly in emerging cities and markets. 2023 was a pivotal year for RHG where we expanded our relationship with key partners and operators. What SEAP markets are a key focus for Radisson Hotel Group and why?
Described as a “nature-inspired property”, delivered in partnership with Melbourne-based developer Riverlee, the 277-room hotel features biophilic design principles, including more than 7,000 plants, reclaimed timber and materials and sustainable features such as shower timers and operable windows.
Kypriotis brings over 20 years of hotel industry experience, having started her career with Stamford Hotels and Resorts and worked across various managerial positions within hotel operations at Accor. In 2007, he joined Toga Group as Chief Financial Officer of diversified property, development, construction and investment.
Punthill South Yarra Grand, operated by Veriu Group, has unveiled its first major refurbishment since opening in 2009. 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.
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.
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.
“San Antonio is a unique market with a growing need for extended-stay hotels,” said Greg Friedman, managing principal/CEO, Peachtree. “The new Residence Inn will provide guests with a dynamic extended-stay experience uniquely suited to San Antonio’s market,” Friedman added.
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. Owners and operators will need to adopt a defensive approach to asset management, maintaining a laser focus on their operating structures.
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.
growth in international markets. Marriott’s reported operating income totaled $752 million in Q4, compared to Q4 2023 reported operating income of $718 million. Adjusted operating income in Q4 totaled $1.072 million, compared to Q4 2023 adjusted operating income of $992 million. Marriott International Inc.
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. This growth of our brand across Australia is delivering a strong base for a future expansion of Crystalbrook Collection into overseas markets.”
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. Rydges Wailoaloa joins the 43 Rydges Hotels and Resorts currently in operation across Australia and New Zealand.
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.
Under the terms of the agreement, Caliber Hospitality Development (CHD) will receive exclusive development rights for future development of Hyatt Studios hotels in target market areas within Arizona, Colorado, Nevada, Texas and Louisiana. markets appeared first on hotelbusiness.com. is lower today than it was in January of 2020.
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. Just because a hotel brand enjoys success in an overseas market, doesn’t guarantee its success in Australia.
Leading figures in the South Pacific’s hotel and tourism industry will gather on Fiji’s Denarau Island for the inaugural AHICE Fiji Islands Summit , as the nation’s tourism market continues to thrive. Register for the 2024 event now. The post Speakers revealed for inaugural AHICE Fiji Islands summit appeared first on Hotel Management.
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.
The South accounts for more than 51% of all rooms under construction, driven by travel and investor demand in the Sunbelt. As the hospitality sector continues to evolve, investors, developers and operators will need to balance near-term dynamics with long-term opportunity. and airfare down 6% year-over-year.
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. Everhome Suites provides long-staying guests with a fresh, modern, affordable product, and we look forward to introducing the brand in another 15 markets this year.”
Hotel owner, operator and developer Hotel Equities (HE) has entered into a strategic partnership with Arkansas-based Pinnacle Hotel Group. We have always been impressed with how they have grown their portfolio and, more importantly, their construction and development side of the business.
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.
President and Managing Director of International Operations, Barry Robinson, told HM. Evolving market With the rise of the sharing economy, the vacation ownership model is evolving with more and more instances of shared ownership of vacation properties, Robinson said. Under the deal, Travel and Leisure Co.
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.
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. of flexible event space.
Veriu Collingwood is part of a mixed-use development with 95 studio apartments operating under the Veriu brand and 45 Built to Sell luxury residential apartments above us, which Tim Gurner has developed under the Atelier brand. Then there’s a couple of shops on either side of our lobby which are intended for hospitality operators.
The Crystalbrook Sam project will create over 100 new jobs during the construction period, and an estimated 120 new jobs once the hotel is operational.” Today is an important milestone as we commence construction on our first hotel development for the Samaras Group,” said Group Chief Executive Officer, Chris Samaras. “We
In 2024, construction started on 88,500 rooms, excluding acquisitions and partnerships, the highest level of construction starts in Hiltons history. Hiltons growth has been bolstered by a number of global milestones, meeting guest demand in new locations and market segments for Hilton.
“With a high reputation for quality service and unrivalled hospitality across its F&B spaces my initial goal is to further raise these high standards already synonymous with Hilton Sydney, while exploring avenues for further improvement in what is an increasingly competitive market for accommodation in the CBD.”
Hotel operations software provider Quore has revealed the upcoming retirement of COO David Fox , one of the company’s original team members, after more than a decade of service. I’ve had the privilege of working with incredible people, helping Quore grow from a relative unknown to the market leader.
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.
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.
Hotel owners should consider the value of inspecting and servicing their PTAC and HVAC units not only to improve their operating efficiency, but also to mitigate any mildew or mold that can contribute to negative air quality and noticeable odors. Mark Bedard is VP, marketing and go-to-market at FreshAir Sensor.
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