HotelProjectLeads.com

Transitioning in 13 hotels and 1,285 rooms
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Kimpton Hotels & Restaurants announced today its first property in Nebraska, a complete rehabilitation of the historic Blackstone Hotel and former office building. The project is scheduled to open in the spring of 2020.
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Radisson Hotel Old Town Riga is developed in collaboration with the group's long-term partner Astor Group, and is a rebranding of the former Astor Riga Hotel.
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The property is located in Illinois and is leased to the corporate operator under a double-net lease with approximately 3 years of term remaining.
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CHICAGO (May 31, 2019) – Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has selected Jim Tierney to serve as senior vice president of development and owner relations for the Hyatt…

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Six Senses Papagayo, when completed, will be unique on the peninsula. The site stretches from the highest point and 360-degree panorama of the Guanacaste archipelago to a forested beachfront dotted with 41 secluded and generously-sized pool villas.
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The hotel is centrally located in the revitalized downtown district and is also located about 40 minutes from the hustle and bustle of New York City.
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The hotels span the country from the Pinheiros District in São Paulo to the northeastern coast in the Flecheiras Village.
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The sale price of $58.3 million reflects a 15.3x EBITDA multiple and a 5.9% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel revenues) based on the hotel’s operating performance for 2018.
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The signing comes on the heels of the brand’s first opening in Asia in March 2019 – Kimpton Da An in Taipei.
Source: New feed