Today's Hotel Development News Today's Hotel Development News from Hotel News Resource en-us Hotel News Resource Hotel Okura Manila Announced for 2018 Hotel Okura Co., Ltd. announced it will open Hotel Okura Manila (tentative name) in 2018, a new luxury resort in the Philippines. Okura has an agreement to manage the hotel with Resort World Bayshore City, Inc., a subsidiary of Philippines-based Travellers International Hotel Group Inc. Thu, 23 Oct 2014 10:46:24 EST Over $87 Million in New Hotel Investment Announced for Quito, Ecuador A deal to develop and franchise eight hotels in the country under Wyndham Hotel Group brands over 10 years. Thu, 23 Oct 2014 09:44:48 EST Red Lion Launches Hotel RL Brand RLHC (NYSE:RLH) announced the launch of a new upscale hotel conversion brand targeted for the top 80 U.S. urban markets. Hotel RL is a full-service, lifestyle brand inspired by the spirit of the Pacific Northwest and designed for consumers with a millennial mindset. Wed, 22 Oct 2014 11:14:52 EST First Radisson Blu Hotel Announced for Belarus The very first Radisson Blu hotel in the capital city Minsk will enjoy a prime location on a main axis leading from the centre to the airport. Featuring 200 rooms with signature services such as free high speed internet access, the upper upscale property will open its doors in Q2 2017. Wed, 22 Oct 2014 11:00:40 EST Montage Hotels & Resorts Launches Pendry Hotels First Pendry Hotel slated to open in the heart of San Diego's historic Gaslamp District in 2016 Wed, 22 Oct 2014 10:10:48 EST Choice Hotels Celebrates Continued System Growth in 2014 As part of a comprehensive strategy to reintroduce the new and improved Comfort brand to developers and consumers, the existing Comfort portfolio embarked on extensive product upgrades. Wed, 22 Oct 2014 09:39:28 EST Hyatt Place San Juan Breaks Ground in Puerto Rico Hyatt Hotels Corporation (NYSE: H), PRISA Group and McConnell Valdés Consulting yesterday announced the groundbreaking for Puerto Rico’s fourth Hyatt-branded select service hotel, the $29.7 million Hyatt Place San Juan. Wed, 22 Oct 2014 08:32:53 EST Meliá Hotels Signs Hotels in Qatar and Indonesia During his tour of several countries in the Middle East and Asia Pacific, the Vice Chairman of the leading Spanish hotel company today announced the signing of two luxury hotels in major destinations: Qatar and Indonesia. The future Meliá Doha, whose opening is scheduled for the first quarter of 2015, and the Gran Meliá Bintan, which will open in 2017. Tue, 21 Oct 2014 11:26:39 EST Shimao Group Launches MiniMax Hotel and MiniMax Premier Hotel Brands Shimao Group has recently unveiled its concept hotel brand, MiniMax Hotel, following the launch of its proprietary hotel branding program and debut of the first hotel under the proprietary MiniMax brand. Tue, 21 Oct 2014 10:28:18 EST Carlson Rezidor Announces 30 Radisson Blu and Park Inn by Radisson Agreement for Saudi Arabia Carlson Rezidor and Al Hokair Group, a leading hospitality and entertainment group in Saudi Arabia, have signed a long-term country development agreement: Across the Kingdom, Carlson Rezidor will operate around 30 new and existing hotels, resorts and serviced apartments under the core brands Radisson Blu (upper upscale) and Park Inn by Radisson (midscale). Tue, 21 Oct 2014 09:38:53 EST Q3 2014 Rezidor Hotel Group Development Update In Q3 2014, Rezidor signed five hotels with 1,300 rooms - bringing the company’s signings from January to September 2014 to a total of 22 hotels with 4,500 rooms which is in line with last year. Further pursueing its asset-light and geographically diversified emerging markets strategy, Rezidor accelerated its growth in key focus countries and regions. Tue, 21 Oct 2014 09:25:07 EST New-Build Radisson Hotel Schaumburg Announced for Chicago Suburb Radisson announced the signing of the Radisson Hotel Schaumburg, which will be located at 1998 North Roselle Road. The brand new construction hotel will offer 137 guestrooms and will open in August of 2015. Tue, 21 Oct 2014 07:50:12 EST The St. Regis, Rome Sold for for €110 Million Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) yesterday announced that it has sold The St. Regis, Rome to subsidiaries of Constellation Hotels Holding Limited for €110 million (approximately $150.7 million USD). Starwood will continue to operate the hotel under the St. Regis brand flag as part of a new long-term management agreement. Tue, 21 Oct 2014 07:40:35 EST North American Money is Leading U.K. Hotel Investment Charge JLL’s latest quarterly figures on London and regional UK hotel investment trends, shows that there has been a 278 per cent increase in investment into the sector compared to Q3 2013 last year and that North American money is leading the investment charge. Mon, 20 Oct 2014 11:51:30 EST Paris Marriott Hotel Champ-Elysées Sold for €344.5 Million A Chinese investor has closed on the purchased of the Paris Marriott Hotel Champs-Elysées for €344.5 million. JLL’s Hotels & Hospitality Group acted as the transaction advisor for the seller. Mon, 20 Oct 2014 11:47:35 EST The Rise of Select Service Hotels - The Commercial Mortgage Observer The select service sector is anticipated to reach up to $9B in transactions by year's end and many investors are seeking debt to finance their acquisitions, creating a competitive lending environment. Last week, JLL's Hotel Investment Banking experts were featured in The Commercial Mortgage Observer: Mon, 20 Oct 2014 11:26:16 EST Jumeirah to Manage Properties in Haikou, Wuhan and Nanjing Jumeirah Group has announced three new management agreements to operate luxury hotels and resorts across China. The Jumeirah Haikou Resort is set in an exclusive golf community on a private island in Hainan; theJumeirah Wuhan has a prime city centre location near to Hankou; and Jumeirah Nanjing is set in the Hexi new business district. Mon, 20 Oct 2014 11:18:34 EST HMC Assumes Management of the Holiday Inn Express Hotel & Suites Located in Stephenville, TX This Hotel Conveniently Located Along Highways 377 and 67 Mon, 20 Oct 2014 09:11:24 EST 108 Room Aloft Hotel to Open 2016 in Columbia, South Carolina Starwood Hotels & Resorts Worldwide, Inc.® (NYSE:HOT) last week announced its Aloft brand will soon debut in Columbia, South Carolina. Aloft Columbia Downtown is scheduled to open in January 2016 in The Vista, the city’s recently revitalized epicenter for the arts, entertainment, shopping and dining. Mon, 20 Oct 2014 08:27:05 EST Wyndham Hotels Group to Develop Three Resorts Near Select Indian Metros Bangalore based real estate major, Expat Group, has announced a partnership with Wyndham Hotel Group for their brand Ramada, to develop a set of three, top of the line resorts, at their weekend home projects located at Pali (Mumbai), Lonere (Pune) and Dharmapuri (Bangalore). Thu, 16 Oct 2014 11:15:12 EST