HotelProjectLeads.com

Will Debut Umami Prime in Spring 2020 Offering an Elevated Full Service Experience
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MGM Resorts International (NYSE: MGM) announced that it has entered into a definitive agreement to form a joint venture with Blackstone Real Estate Income Trust that values the real estate of Bellagio at $4.25 billion, which represents a purchase price multiple of 17.3x rent.
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CHICAGO (October 16, 2019) – Hyatt Hotels Corporation (NYSE: H) announced today that Hyatt Place Aruba Airport is officially open, marking the second Hyatt-branded hotel in Aruba and fourth…

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IHG has made its foray into Micronesia following the signing of an agreement with owner Tan Holdings to take on management of Fiesta Resort Guam. The hotel will join the IHG system from today and will rebrand as Crowne Plaza Resort Guam in early 2021, following an extensive, multi-million dollar refurbishment.
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Known for operating some of the most luxurious, exclusive hotels in the world, the Aman group will commence work on a new hotel in Croatia at the end of the year following a EUR 50 million investment from Greek businessman Petros Stathis.
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CBL Properties (NYSE:CBL) and Vision Hospitality Group, Inc. today announced that construction has commenced on the 135-room Aloft by Marriott in Chattanooga, Tennessee, as part of the Sears redevelopment project at Hamilton Place. The new hotel marks the brand’s entrance into the Chattanooga market.
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Queensgate Investments has acquired Freehand Hotels from a seller consortium including The Yucaipa Companies and Sydell Group for circa USD 400M.
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Apple Hospitality REIT, Inc. (NYSE: APLE) announced the acquisition of a 55-room independent boutique hotel in Richmond, Virginia, for a purchase price of approximately $7 million, or $125,000 per key.
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With 1,341 rooms now in its inventory, the purchase makes Columbia Sussex the largest full-service, year-round hotel operator in the state.
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Situated in the commercial and cultural capital of Goa, surrounded by some of the best beaches and major corporate hubs, Ginger Madgaon has 47 rooms, an all-day dinner, a meeting room and fitness center.
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