Located in the heart of Saint-Martin, it will be the first MGallery hotel to open in the Caribbean, a strategic location for the ongoing growth and development of the boutique-hotel collection brand MGallery.
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As part of the refurbishment, the hotel will undergo an enhancement, increasing its key count from 68 rooms to over 80 rooms, which will have an end value of circa S$70m.
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Obtaining leverage through debt financing is key to achieving the desired equity return on a hotel acquisition. The reduced availability and prevailing high cost of traditional loans are forcing buyers to be creative and consider alternative strategies to seize an acquisition opportunity. This article presents a few of these alternatives.
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The Q1 2024 LE Market Trend Report for the Charlotte market highlights that Charlotte has a total of 67 hotel projects and 7,772 rooms in the construction pipeline, positioning it fifteenth among the top 25 U.S. markets for the largest hotel construction pipeline by project count.
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The new 191 room hotel will arise from an extensive retro-fit and transformation of Hamilton’s tallest building at 42-48 Ward Street – the current Mistry Centre, within the Centre Place shopping mall. Mistry Centre will ultimately comprise of two levels of underground parking, three levels of office and retail and 13 levels of hotel.
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Weekly Hotel Industry Asia Pacific News Roundup from HVS
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JLL’s Hotels & Hospitality group announced today that it has arranged $575 million in financing for the Diplomat Beach Resort, an award-winning beachfront resort with 1,000 guest rooms in Hollywood, Florida.
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Despite this downturn, PE deals showed improvement, and European markets showed growth, highlighting new opportunities for strategic investments, according to GlobalData.
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Under the terms of the agreements signed today, LVMH will be joining forces with Accor through a strategic investment in the Orient Express brand, in the company that will operate the future hotels and trains, and in the entity that will own the two sailing ships.
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The 954-room portfolio includes the Marriott Bridgewater in Bridgewater, NJ; W Atlanta Downtown in Atlanta, GA; Embassy Suites Walnut Creek in Walnut Creek, CA; and Embassy Suites Flagstaff in Flagstaff, AZ.
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