Rezidor Announces Two New Hotels in Dammam, Saudi Arabia

Rezidor announced two new hotels in Dammam: the mid-scale Park Inn by Radisson Hotel & Residence Dammam Industrial City will feature 300 units and open in 2016. The upper-upscale Radisson Blu Hotel Dammam Al Faisaliyah with 260 keys is scheduled to welcome the first guests in 2018.
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Hard Rock Hotel London Announced for 2018

A conversion of the existing Cumberland Hotel, the Hard Rock Hotel London will be located directly at Marble Arch on Hyde Park and at the crossroads of Oxford Street and Park Lane.
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Radisson RED Miami Airport Announced for 2018

Radisson RED Miami Airport is expected to break ground this fall at 3450 N.W. 25th Street and plans to open in 2018. The hotel is being developed by Miami based Riviera Point Development Group and will be managed by Carlson Rezidor Hotel Group.
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Hilton Cocoa Beach Oceanfront Hotel in Cocoa Beach, FL Sold

The net operating income of the hotel tripled during H.I.G. Realty’s ownership. This transaction represents H.I.G. Realty’s fifteenth successful realization or partial realization in the last two years.
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Kalahari Resorts and Conventions to Develop Property in Round Rock, Texas

Kalahari Resorts and Conventions’ owner Todd Nelson and his family are announced the company’s intention to locate its newest property in the city of Round Rock, Texas. The expansion will mark the company’s first resort and convention center in the Southwest and fourth destination overall.
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Staybridge Suites® Brand Expands in San Luis Potosi, Mexico

InterContinental Hotels Group (IHG®) today announces the opening of the new-build Staybridge Suites San Luis Potosi hotel in Mexico. As the first Staybridge Suites® in the city, the 97-suite property joins IHG’s other hotels nearby including Holiday Inn Express San Luis Potosi hotel and Holiday Inn San Luis Potosi-Quijote hotel. This is IHG’s sixth Staybridge Suites property in Mexico with other hotels located in Chihuahua, Guadalajara, Monterrey, Puebla and Queretaro.
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