Hotel Management

MARCH 13, 2024

IHG Hotels and Resorts is investing in its midscale and luxury and lifestyle segments in the APAC region to drive future growth as the operator hits a major milestone, surpassing one thousand open hotels in Asia Pacific. Asia Pacific is home to about 60% of the InterContinental brand’s global pipeline, according to Sukumaran.

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Hotel Business

SEPTEMBER 14, 2023

In the latest Hotel Construction Pipeline Trend Reports from Lodging Econometrics (LE), the total Americas—comprising the U.S., Canada and Latin America—hotel construction pipeline stands at 6,399 projects/785,897 rooms. Certainly, these two chain scales will have the most new hotel openings through 2025.

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Forecasting Pipeline Scale Construction 116

Hotel Management

APRIL 11, 2024

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.

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General Manager Hospitality Construction Resorts 279

Hotel Business

FEBRUARY 16, 2024

Developed and owned by HRI Hospitality and operated by HRI’s operating company, HRI Lodging, the property is half a block from Broadway. We’re thrilled to watch this wellness-focused brand grow with the success of Tempo by Hilton Nashville, Times Square and the over 30 others in the pipeline including Raleigh and Louisville.”

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Construction Pipeline Accommodation Branding 109

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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Hotel Management

JUNE 15, 2023

Following this wave of additions, higher debt cost and construction costs are anticipated to suppress the development pipeline, with activity being largely limited to key strategic sites usually having mixed use appeal. 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 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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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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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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Hotel Management

DECEMBER 20, 2023

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.

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Construction Shopping Pipeline Occupancy 267

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. They are a leading developer and operator that gets it done right at every level—not to mention high-quality and high-integrity people.

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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 Designs

MAY 4, 2023

Structural and exterior walls, some with historical mud-brick construction, are being preserved and integrated with modern architecture. The vast majority of the UNESCO World Heritage Site will remain untouched by construction and will be carefully preserved to maintain the integrity of Hegra’s incredible human and natural heritage.

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Construction Pipeline Dining Tourism 98

Hotel Management

MARCH 26, 2024

In recent times there’s been a real shift in both the economics behind hotel operations as well as customer expectations and we’re excited to see how the industry responds. Of course, we have a few more surprises up our sleeve and a strong pipeline of hotels including The Hannah St.

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Dining Pipeline Construction Branding 130

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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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

Hotelier Magazine

APRIL 18, 2024

With nearly 20 deals signed in 2023, Hilton’s Canada pipeline consists of approximately 90 hotels and more than 11,000 rooms and will introduce Spark by Hilton and Motto by Hilton into Canada in 2024. Focused-service brands continue to fuel Hilton’s growth in Canada, representing more than 60 per cent of the company’s pipeline in the country.

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Hotel Business

MARCH 7, 2024

Everhome Suites has 66 properties in its pipeline, as of the end of Q4 2023. For the economy WoodSpring brand, Choice expects guest demand to continue to come from blue-collar business travelers such as construction crews and others. “We We look forward to adding more of Choice’s extended-stay brands to our portfolio.”

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Branding Pipeline Construction Travel 69

Hotel Business

MARCH 18, 2024

Archetype Architects designed the project and Wright-Ryan Construction was the general contractor. Olympia Hospitality operates the hotel. The post Olympia Hospitality opens Hotel Ursa appeared first on hotelbusiness.com.

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Hospitality Real Estate Construction Hotels 105

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

AUGUST 31, 2023

Both hotels are projected to open in mid-late 2024 and join an expanding pipeline that will bring 35 additional properties and more than 3,500 rooms to the U.S. IHG Hotels & Resorts (IHG) recently broke ground on two new Atwell Suites properties in Henderson, NV, and Fort Worth, TX. in the coming years.

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Casinos Pipeline Real Estate Hotels 59

Hotel Business

SEPTEMBER 22, 2023

The company also opened five hotels that were under construction as of September 2023. million first mortgage loan for the construction of a 215-room Autograph Collection hotel in Huntsville, AL, which is expected to open in 2024. billion the company deployed year-to-date. The overall U.S. The post Peachtree deploys $1.1B

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Real Estate Construction Closing Market 116

Hotel Business

FEBRUARY 13, 2024

Extended Stay America has broken ground on the first new-construction Extended Stay America Select Suites prototype in Wildwood, FL. The new construction prototype represents the next phase in the strategic growth of our economy extended-stay brand. By design, there are minimal public spaces to further contain operational costs. “We

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Construction Accommodation Hospitality Branding 59

Hotel Business

MAY 13, 2024

As demand for full-service hotels and dynamic meeting spaces elevates, owner/operators continue to seek favorable loan terms to capitalize on this trend with longer holding periods,” said Carlos Rodriguez Sr., Recently, the company said that its hotel development pipeline has exceeded $1 billion in projected value.

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Resorts Pipeline Construction Hospitality 59

Hotel Business

MARCH 16, 2023

Vancouver-based sustainable construction firm Nexii has generated efficiencies in the buildout by utilizing its innovative construction methodology, according to Hotel Equities. We look forward to utilizing these systems to provide sound support for property operations benefiting our associates, guests and ownership.”

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Casinos Construction Hotels Operations 97

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

JUNE 2, 2023

These openings account for 732 new economy extended-stay rooms from coast to coast and 1,414 total new rooms for the brand since the start of the year, with nearly 38,000 rooms in the domestic pipeline.

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Pipeline Construction Hotels Branding 52

Hotel Designs

NOVEMBER 24, 2023

The signing is a momentous addition to our robust pipeline in the broader Caribbean, where we have nearly 30 Hilton properties operating across the region and approximately 30 hotels in development,” said Pablo Maturana, vice president, development, Caribbean and Latin America, Hilton.

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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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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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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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Hotel Business

AUGUST 1, 2023

Marriott’s reported operating income totaled $1.096 billion in the 2023 second quarter, compared to 2022 second quarter reported operating income of $950 million. Adjusted operating income in the 2023 second quarter totaled $1.043 billion, compared to 2022 second quarter adjusted operating income of $857 million.

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Average Daily Rate Pipeline Construction Revenue 52

Hotel Business

FEBRUARY 21, 2023

Meanwhile, the other six brands we have added since 2017 already contribute more than 10% of our pipeline, and our Luxury & Lifestyle portfolio is now 13% of our system size and 20% of our pipeline as we increase our exposure to higher fee income segments.” year-over-year (YOY); adjusted net system size growth of +4.3%

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Pipeline Scale Occupancy Resorts 52

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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Hotel Business

MARCH 28, 2023

While different projects will have varying levels of impact, hotels as an operating business that create good local jobs for the community.” billion in hotel construction and redevelopment with a significant pipeline of projects under construction.

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Real Estate Construction Scale Pipeline 97

Boutique Hotel News

FEBRUARY 8, 2023

Expected to open in early 2024, the 57-room hotel will be operated in collaboration with Earth Suites & Resorts Private Limited – a hotel operator with properties in Amritsar, Goa and Raipur. A new build is currently under construction and will house additional accommodation.

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Scale Resorts Pipeline Construction 59

Hotel Business

DECEMBER 1, 2023

Marking the brand’s arrival at Meta’s Frank Gehry-designed campus, citizenM built its signature high-tech hotel using efficient and sustainable modular construction systems. In 2020, construction of citizenM Menlo Park commenced. The five-story, 79,400-sq.-ft.

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Construction Real Estate Branding Operations 64