Signs Development Agreements to Expand Across Multiple Markets Throughout the State
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The all-new Embassy Suites by Hilton Virginia Beach Oceanfront Resort is on pace to open its doors by February of 2023. With its completion, the Cavalier Resort will play host to 3 hotels, all on one luxury Resort property located in the prestigious semi-private North End of the Virginia Beach Oceanfront.
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Proceeds Used to Pay Off Corporate Debt
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Fairmont Hotels & Resorts in partnership with Gregg Covin announced the signing of definitive agreements for the development and management of the first luxury private branded residential offering in the Blue Ridge Mountain region of North Carolina – Fairmont Heritage Place – The Cedars, Hendersonville.
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The all-new Four Seasons Hotel and Private Residences Nashville, anticipated to open this September and located just one block from the entertainment hub of Broadway in Nashville’s SoBro distric, is now accepting reservations.
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Radisson Hotel Group plans to exponentially expand its Thailand portfolio by adding 100 hotels and resorts in the country by 2025. The new growth plans for Thailand represent part of the Group’s wider expansion strategy which targets the growth of its current portfolio of 400 properties to over 2,000 hotels and resorts in operation and development by 2025.
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Pebblebrook Hotel Trust (NYSE: PEB) announced yesterday that it closed on the sale of the 208-room The Marker San Francisco in San Francisco, CA for $77.0 million to a third party.
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Indian Hotels Company (IHCL) today announced the signing of a new Taj resort in Bengaluru. This development project, under management contract with Sattva Homes Private Limited from the Sattva Group, will also feature branded villas as part of the complex in the second phase.
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The property, built in 2016, was purchased by HMC of Gunnison LLC, based in Timnath, Colorado, from Katy Lodging Group LLC, based in Houston, Texas.
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Four Seasons Hotel Xi’an has an anticipated opening date in 2026. Distinguished by an expansive landscape within an otherwise high-rise and bustling metropolitan setting, the new-build Hotel will feature 250 luxurious guest rooms and suites as part of a mixed-use development project.
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