Marcus & Millichap (NYSE: MMI) announced the sale of Martinique New York on Broadway, a 531-room landmark hotel on the corner of 32nd Street and Broadway in Manhattan. The asset was purchased for $55.5 million with an approximated total development cost of $110 million.
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Hilton (NYSE: HLT) today announced signings for the first Waldorf Astoria hotel in Osaka, Japan and Conrad hotel in Chongqing, China.
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Among the Hotel’s features are 189 accommodations including suites and hotel residences, an expansive third floor pool terrace overlooking the ocean, spa and wellness offerings, Kids For All Seasons, oceanfront dining at Evelyn’s Table, and Honey Fitz, the lobby cafe and champagne bar. Just above the lobby is a dedicated level of event spaces, while the uppermost floors of the 22-storey tower are home to 42 Four Seasons Private Residences.
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The new Movenpick Living & Residences will be located in the New Capital City (NCC), Egypt, which features hospitality, residential, entertainment, commercial, retail components and government entities, including the presidential palace, parliament, cabinet, Supreme Court, all ministries of Egypt and various foreign embassies.
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Plans to open 60 restaurants in Kenya and Uganda, with four of these restaurants planned to open in 2022, beginning in Nairobi.
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Accor announced the signing of a brand-new hotel in the Republic of Moldova. The group has concluded a franchise agreement with Mr. Ciuhrii Ceslav, real estate investor and developer for the opening of an ibis Styles in proximity of the airport. The hotel will be the first to open in the country and will welcome its first guests in 2024.
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Accor and operator of Anapa's largest resort Miracleon, signed an agreement to open two hotels under Accor brands in Anapa: Mövenpick Resort & Spa Anapa Miracleon and Swissôtel Resort Anapa Miracleon Beach. The openings represent a total room stock of over 500 rooms.
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Ennismore announced that work has officially begun on the development of SO/ Maldives, an 80-villa luxury resort set to debut in 2023.
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Fairmont Orlando will be located on 30-acres in the heart of Orlando’s entertainment district near several premier attractions and just 20 minutes from Orlando International Airport. The seven-story property will feature 550 guestrooms, including 90 suites, 12 unique villas, and 87 Fairmont Gold rooms.
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Fairmont Hotels & Resort is expanding into the Mexican State of Baja California Sur and its capital city La Paz with Fairmont La Paz Puerta Cortés Resort and Residences. The property is scheduled to debut in 2023.
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