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Peachtree Group , a diversified commercial realestate investment company, has revealed its credit division has closed $556 million in loan originations of the $1.1 commercial realestate debt maturing before the end of 2026. commercial realestate debt maturing before the end of 2026. trillion of U.S.
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). InterContinental Hotels Group (IHG) has acquired premium urban lifestyle brand, Ruby, for 110.5 Also, the timing could not be better.
Firstly, the headwinds faced by the commercial realestate industry attracted substantial attention. Inbound capital is originating in the Asia region but is also coming from Middle Eastern and European owner-operators and HWNI/corporate buyers looking at strategic investment opportunities.
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.
She started her career in hotel operations, moving into sales and marketing in Austin, US, where she realised working in hospitality and helping people was the path she wanted to follow. She has big plans for sustainability across the company and Native aims to be Net Zero carbon as an operation by 2030. It has a £1.5
A joint venture between Sage Lane Partners , a private equity realestate firm that specializes in sourcing, acquiring, developing and asset managing investment properties, and ARK Holdings has acquired the 101-room Hampton Inn & Suites Prattville in Prattville, AL. ARK Hospitality will operate the hotel. of event space.
He brings nearly 25 years of experience in commercial realestate and hospitality investment to the organization, including evaluating and executing high-value transactions and conducting market analysis. He will also oversee operational analytics, as well as feasibility studies across branded and independent properties.
InterContinental Hotels Group PLC (IHG) has announced the acquisition of premium urban lifestyle brand Ruby, its 20th brand, as it targets global expansion… Established in 2013, the Ruby brand currently operates 20 hotels (3,483 rooms) in major cities across Europe and has another 10 pipeline hotels (2,235 rooms).
We are excited about the momentum in our pipeline and the continued strong demand we’re seeing for our brands around the world.” The Venetian Resort Las Vegas, with 7,092 rooms, which became available through Hyatt booking channels in January; these rooms were not included in the 2024 year-end pipeline figures.
By building within a QOZ, Peachtree’s Residence Inn will create lasting economic impacts, from job creation in construction and operations to sparking further interest in nearby retail, dining and entertainment—vital elements for a thriving downtown community,” Friedman said. “We
The brands current pipeline includes three under-construction hotels totalling over 600 rooms that are anticipated to open by mid-2026, with the prospect of significant additional growth across Marriotts global regions over the next decade. We will continue to own our realestate and operate all our hotels.
“Windsor Aughtry Company is the leading commercial realestate developer and brokerage firm in the Southeast,” said Daniel Lock, VP, commercial strategy, Hospitality America. They bring a uniquely comprehensive perspective of what it takes to be successful in realestate.
Placemakr , a flexible-use hospitality and multifamily operator, has launched its first property in Salt Lake City, UT. Placemakr is on a mission to bring this new asset class of flexible realestate to every U.S.
Realestate experts at Colliers claim the future is bright for hotel investment in Australia with traditional property investors eyeing the over AU$2 billion in assets on the market – 75% of which were listed in Q3 2023. billion by end of year.”
TORONTO — Clifton Blake, a real-estate investment and asset-management firm, has merged with Metropolitan Commercial Realty Inc., Clifton Blake offers the leading full-cycle solution for optimizing and managing real-estate assets,” says KC Daya, CEO of Clifton Blake. “By The merger also provides an operational advantage.
The brand’s current pipeline includes three under-construction hotels totaling more than 600 rooms that are anticipated to open by mid-2026, with the prospect of significant additional growth across Marriott’s global regions over the next decade. We will continue to own our realestate and operate all our hotels.
which is expected to add more than 9,000 rooms to its portfolio by year-end and approximately 1,500 rooms to its pipeline. The Sonder pipeline rooms are anticipated to be added to Marriott’s system over the next few years. . — Marriott International, Inc. has announced a long-term licensing agreement with Sonder Holdings Inc.,
The global hospitality giant has been concentrating on fostering relationships with New Zealand owned and operated brands to gain local insights into the region. BWH has a strong pipeline of future lifestyle, luxury and extended stay offerings to bring to Australia and New Zealand.
The discussion will explore Corinthias global investment strategy, development pipeline, and its distinctive approach to long-term value creation. Programming will cover market trends, financing approaches, sustainable growth strategies and innovations shaping the next era of boutique hotel development.
“It’s the perfect choice for partners seeking a distinctive identity for their hotel, while benefiting from our global scale, systems, and expertise as the second largest Luxury and Lifestyle hotel operator in the world.”
billion in 2023, with the first quarter of 2024 seeing hotel construction pipeline at an all-time high and record-high levels seen in the luxury, upper upscale, and upscale segments. Currently, we have 58 hotels trading and 47 in the pipeline. We are on track to triple our trading estate to 75 hotels in the coming years.
Key International , a realestate investment and development company, and Shaner Hotels , an international hotel owner, operator and developer, have opened the 156-suite SpringHill Suites by Marriott Jacksonville Beach Oceanfront in Florida. Shaner will operate the hotel, owned by Key International.
Hilton will pay $210 million to acquire all rights to the Graduate brand worldwide; enter into franchise agreements for all existing and signed pipeline Graduate Hotels; and become responsible for the brand’s future development and growth. With Hilton’s extensive network behind us, guests can anticipate even more exciting opportunities.
Shifts in the real-estate market, such as declining demand for office and strata developments, have created a rare window of opportunity for hotel development. There are 22 projects currently in the development pipeline, representing approximately 4,200 rooms, which is encouraging.
The current portfolio comprises 546 rooms, and plans are in place to grow the pipeline with expansion projects and further acquisitions in prime European destinations over the coming years. Beaumier, owned by KSL Capital , consists of 12 lifestyle hotels located in France, Switzerland and Spain.
“We are excited to have him on the team, and we believe his expertise will allow Omni to further strengthen our unique owner-operator-brand position in the industry.” In this role, he led enterprise-wide financial performance and the new development pipeline.
RobertDouglas has, as exclusive advisor, represented The Mirbeau Companies , developer/operator of Mirbeau Inn & Spa resorts and the Mirbeau wellness brand, in arranging a strategic capital partnership with EPR Properties , a realestate investment trust (REIT) specializing in select experiential properties in the realestate industry.
The hotel was developed by Radnor Property Group , a realestate 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. Olympia Hospitality operates the hotel.
Placemakr , a flexible-use hospitality and multi-family operator, has named Ryan Rickabaugh its first COO. In his position as COO, Rickabaugh oversee all commercial and property operations for the organization. Placemakr is partnering with AREA RealEstate to bring this product offering to the state of Texas.
Garfield Public/Private , a national public/private commercial realestate developer, has appointed Laura Galbreath as SVP, development. With many developments in process—including several recently awarded projects and others in the pipeline—it’s the perfect time to bring Laura on board.”
. “Adam has a reputation as a straight shooter with great technical knowledge of the EB-5 program and brings immediate credibility to our program as we secure capital for our commercial realestate investments.” billion in hotel construction and redevelopment with a significant pipeline of projects under construction.
International hospitality realestate group PPHE Hotel Group has appointed Greg Hegarty as co-CEO. During this time, he has held overall responsibility for creating and implementing PPHE’s operational strategies, including operations, people & culture and commercial.
IHG will collaborate on the new property with owner and developer ASI Diaz Doral Hotel Investment Group LLC (an affiliate of Miami-based residential and commercial realestate company ASI Global), architect Tony Rodriguez-Tellaheche and interior designer Kathy Kesler. The brand plans for upcoming openings in the U.S.
US: Investment firm Cambridge Lansdowne has retained operator Aimbridge Hospitality for the recently acquired White House Inn Napa Valley. Future renovations of the interior and exterior of the property are in the pipeline. Aimbridge Hospitality will continue to manage the hotel through its evolution lifestyle operating division.
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.
Spark GHC , a private realestate joint venture focused on hospitality assets in the U.S. Spark GHC is a joint venture between Spark Hotels , a developer, acquirer and operator of Ohio-based hospitality assets, and Green Harvest Capital , an asset manager of Northeast Ohio-based multifamily assets.
The agreement with one of the world’s leading hospitality operators brings the Rua Al Madinah project a step closer to realising its ambitions to further enrich Madinah city’s Hajj and Umrah services,” commented Eng. Ahmed Al Juhani, CEO of Rua Al Madinah Holding Company. million square meters, including 47,000 new rooms by 2030.
Beyond the realms of traditional hospitality, IHIF IMEA sheds light on the convergence of industries, as evidenced by the burgeoning trend of “hotelization” in realestate. Despite the prevailing uncertainties, investors remain buoyed by the resilience of hospitality assets and the enduring allure of travel and tourism experiences.
OTO Development , part of The Johnson Group, developed the hotel in partnership with Simon , a realestate investment group. The four-story hotel comprises 118 guestrooms; a fitness center; 1,500 sq. of flexible meeting space, including a private boardroom; an AC Lounge; and an outdoor patio, pool and game space.
“Their unique combination of skills and deep expertise in their respective markets, along with successful runs in franchise, brand and realestate development are invaluable assets that will help fuel Aimbridge’s continued growth on a global scale.” for the RealEstate Group. Latin America and the Caribbean.
Argentinian business group Glokal Group , in partnership with Blue Road , a Miami-based integrated realestate developer, have broken ground on the Dolce by Wyndham Miami in South Beach. The $40-million, new-construction project, located in the Art Deco District, will be located two blocks away from the Miami Beach Convention Center.
Urban Catalyst , a realestate equity fund manager and developer focused on downtown San Jose, has opened the TownePlace Suites San Jose Downtown in California’s Silicon Valley. The project was developed in collaboration with Island Hospitality Management , which will oversee day-to-day operations.
Image credit: IHG IHG has also signed another Hotel Indigo property in Gloucester – adding to its 18 operational Hotel Indigo properties – as well as strengthening its established Holiday Inn brand family with three new properties in Wrexham, Reading and Bournemouth.
“We raised our full-year RevPAR outlook while maintaining our record level pipeline and industry-leading net rooms growth. Comparable owned and leased hotels operating margin improved to 25.9% Pipeline of executed management or franchise contracts was approximately 117,000 rooms. Hoplamazian, president/CEO, Hyatt.
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