Warwick Hotels and Resorts (WHR) announced the acquisition of Hotel Le Crystal, located in downtown Montreal on the corner of Rue de la Montagne and Boulevard René-Lévesque. The hotel will be rebranded as Warwick Le Crystal–Montreal.
Source: New feed
The 16-story, 306-room hotel is scheduled to open in spring 2024 adjacent to Nashville Yards in the heart of downtown. An official topping out ceremony was held late last week at the construction site of the new hotel.
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Independent hotels Surin Phuket Beach Resort and Karon Phuket Beach Resort will undergo renovations and be rebranded into Holiday Inn Resort Phuket Surin Beach and Holiday Inn Resort Phuket Karon Beach in 2023.
Source: New feed
A summary of European hotel transactions provided by HVS
Source: New feed
Indian Hotels Company (IHCL) today announced the signing of a Vivanta branded hotel in Thane in the Mumbai Metropolitan Region. The brownfield project is slated to open by 2025.
Source: New feed
Members of the Industry Real Estate Financing Advisory Committee said that after dealing with the rapid pace of interest rate increases, hotel buyers are getting ready to start investing again.
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Set on the edge of the Victoria Harbour, the legendary hotel called on visionary Hong Kong-born, Milan-based designer Chi Wing Lo to create a design language integrating storied heritage, serene aesthetics, and the Regent signature Beauty of Contrasts.
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The portfolio includes the 208-key EnVue Autograph Collection Port Imperial and the 164-key Residence Inn Port Imperial.
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Krystal recently signed a multi-unit franchise deal with new partner and seasoned restaurant professional Argus Wiley. Through this partnership, Wiley has purchased 21 existing Krystal locations and will be developing 15 new locations. Wiley will focus on growing the brand in the Southeast market with a special emphasis on Florida.
Source: New feed
Pebblebrook Hotel Trust (NYSE: PEB) today announced that on February 22, 2023, it closed on the sale of the 151-room The Heathman Hotel in Portland, OR for $45.0 million to a third party.
Source: New feed