On the eve of the Americas Lodging Investment Summit (ALIS) in Los Angeles, Marriott International, Inc. (NASDAQ: MAR) announces a strong year of rooms growth and signings in 2021. The company also provides insight into major trends it sees currently impacting global hospitality development.
Source: New feed
Month: January 2022
Kona Bay Hotel in Hawaii Sold for $21M
JLL announced yesterday that it has closed the $21 million fee simple sale of the Kona Bay Hotel, a 122-key, select-service hotel in Kailua-Kona, Hawaii.
Source: New feed
California Hotel Development Bounces Back – CoStar
A survey of 2021 California hotel development shows the state had a record year for new rooms opening, but most of those were delayed from 2020.
Source: New feed
Hyatt Announces Two New London Hotels
Hyatt Regency London Stratford & Hyatt House London Stratford
Source: New feed
Hyatt Announces Plans for Two New UK Hotels with Hyatt Regency London Stratford and Hyatt House London Stratford
CHICAGO (January 20, 2022) Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into management agreements with Stratford City Hotels Limited, a wholly owned subsidiary of…
Source: New feed
Hyatt Anounced Brand Expansion Plans for Asia Pacific
As the region looks toward recovery, Hyatt plans to expand its portfolio of brands, which includes the introduction of the Caption by Hyatt, Destination by Hyatt and Thompson Hotels brands.
Source: New feed
Pushed Back at Height of Pandemic, Hotel Renovations Now Face Supply Chain Delays – CoStar
Hotel owners and operators must cope with higher material and construction costs and longer lead times deliveries when renovating properties.
Source: New feed
Wienerschnitzel Franchise Inks 20-Unit Development Deal to Enter Arkansas
Wienerschnitzel announced the signing of an exclusive development agreement with Tejas Dogs, LLC, to build 20 new Wienerschnitzel restaurants throughout Arkansas over the next 12 years.
Source: New feed
Hyatt to Accelerate Growth of its Luxury and Lifestyle Brands in Asia Pacific
CHICAGO (January 19, 2022) – Hyatt today announced its brand expansion plans for Asia Pacific, which will see Hyatt further increase the presence of its luxury and lifestyle brands. This…
Source: New feed
Avenir Hospitality Acquires Cannon Beach Hotel Collection in Oregon
Avenir Hospitality has announced its acquisition of the Cannon Beach Hotel Collection, a portfolio of 4 boutique hotels located in Cannon Beach, Oregon. Avenir has partnered with New York-based boutique hotel operator Life House to manage the portfolio, which represents the company’s first properties in the Pacific Northwest.
Source: New feed