In the Q3 2023 Hotel Construction Pipeline Trend Report for Canada by Lodging Econometrics (LE), analysts report that the total construction pipeline in Canada stands at 275 projects/37,780 rooms, up 5% by projects and 8% by rooms year-over-year (YOY). In the third quarter, Canada had 22 new project announcements with 2,816 rooms.
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Located at 50 Park Plaza in Boston's central Back Bay neighborhood, the 1,060-key property will see the property transition to Hilton Boston Park Plaza as part of a post-acquisition rebranding initiative.
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Sweet Paris Crêperie & Café has secured its second location in Minnesota at Mall of America, the largest shopping and entertainment complex in the United States and one of the most visited tourist attractions on the globe.
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MMGY Global, a leading integrated marketing firm specializing in travel, tourism and hospitality, announced today that investment funds managed by private equity firm EagleTree Capital have acquired the company from previous partner Peninsula Capital Partners LLC and other shareholders, including current and former employees and the original founders of the business.
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Authentic Restaurant Brands, a portfolio company of Garnett Station Partners, LLC, a New York-based principal investment firm, today announced the completion of its previously announced acquisition of Fiesta Restaurant Group, Inc. (NASDAQ: FRGI), parent company of the Pollo Tropical restaurant brand.
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Hilton (NYSE: HLT) today announced plans to open its first property in the city of Lille. Occupying a prime location in the city centre, the 124-guest-room Hilton Lille will continue to welcome guests and trade as a Hilton affiliated hotel before fully rebranding under Hilton Hotels & Resorts in 2024, following a multimillion-euro renovation.
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Sitting on its namesake Newman Street in Fitzrovia,The Newman, one of 2024's most anticipated London hotel openings, is the first hotel from new international hospitality management company Kinsfolk & Co.
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Operating under a working title as Hilton navigates the final stages of the trademark process, the 137-room property is located at 5138 Cartwright Drive and is owned by Sun Management & Development Corporation.
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Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced that it has entered into a new franchise agreement with Marriott International to convert its Le Pavillon Hotel in New Orleans, Louisiana to a Tribute Portfolio property.
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Sunstone Hotel Investors, Inc. (NYSE: SHO) today announced that it has completed the sale of the 1,060-room Boston Park Plaza for a gross sale price of $370 million, or approximately $350,000 per key.
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