Today's Hotel Development News Today's Hotel Development News from Hotel News Resource en-us Hotel News Resource Fairfield by Marriott San Salvador, El Salvador Announced for 2016 The property will be developed by Dueñas Hermanos Ltda. (d.b.a. Urbanica Desarrollos Inmobiliarios), Caribe Hospitality and Terranum Hotels, the same the companies that own the existing Courtyard by Marriott San Salvador. The hotel will be managed by Marriott International under a long term agreement. Fri, 21 Nov 2014 09:17:08 EST Sheraton on the Park in Sydney Sold for AUS$463.0 Million Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced it has sold Sheraton on the Park in Sydney, Australia to Sunshine Insurance Group Corporation (SIG) for AUS$463.0 million [US$399.0 million]. Starwood will continue to operate the hotel as a Sheraton under a long-term management contract. Fri, 21 Nov 2014 09:14:15 EST Crowne Plaza Hotel Announced for 2018 in Medellin, Colombia The hotel will be located in Medellin's upscale 'El Poblado' neighborhood, occupying one of two towers in the Palmanova luxury, mixed-use development and connected to the Palma Real Multiplaza. This will be IHG's third property in Medellin, joining the InterContinental Medellin and the Holiday Inn Express Medellin. Fri, 21 Nov 2014 09:09:02 EST Accor Appoints JLL to Sell Three Sofitel Resorts Across Bora Bora and Moorea Accor have elected to sell the Sofitel Bora Bora Marara Beach Resort, Sofitel Bora Bora Private Island and Sofitel Moorea Ia Ora Beach Resort in a move to focus on investment in Europe. JLL Hotels & Hospitality Group has been exclusively appointed to offer the resorts for sale. Thu, 20 Nov 2014 09:56:50 EST Radisson Hotel Dallas North-Addison to Open January 2015 Radisson yesterday announced the signing of the Radisson Hotel Dallas North-Addison, located at 4960 Arapaho Road in Addison. The hotel will open under the Radisson brand in January 2015. Wed, 19 Nov 2014 12:03:29 EST Melia Costa Hollywood Beach Resort To Open in 2015 Melia Hotels International today announced that it will open and manage the newly constructed Melia Costa Hollywood Beach Resort in the Hollywood Fort Lauderdale area of South Florida in 2015. Wed, 19 Nov 2014 11:32:57 EST The Westin Beach Resort & Spa Fort Lauderdale Sold for $149.0 Million DiamondRock Hospitality Company (NYSE: DRH) announced today that it has entered into a purchase and sale agreement to acquire the fee simple interest in The Westin Beach Resort & Spa, Fort Lauderdale in Fort Lauderdale, Florida for a purchase price of $149.0 million (or $345,000 per guest room). Wed, 19 Nov 2014 11:21:04 EST 791 Room Hilton Prague Hotel For Sale JLL's Hotels & Hospitality Group has been instructed by Avid Asset Management Ltd to exclusively advise on the sale of the 791-guestroom Hilton Prague hotel. Wed, 19 Nov 2014 10:26:41 EST 478 Rooms Park Inn by Radisson Amsterdam to Open in 2016 An European-Israeli investor group led by Mr. David Zisser from Omnam Investment Group has acquired the building from the previous owner, the German Europe 1 Fund. Colliers International has facilitated the transaction. Tue, 18 Nov 2014 11:45:10 EST Four Seasons Resort Scottsdale At Troon North Sold for $140.0 Million Strategic Hotels & Resorts, Inc. (NYSE: BEE), today announced that the Company has signed an agreement to acquire the Four Seasons Resort Scottsdale at Troon North from an affiliate of Walton Street Capital, L.L.C. for $140.0 million, which includes 13.8-acres of developable land zoned for an additional 88 hotels keys and potential incremental residential usage. Tue, 18 Nov 2014 11:41:45 EST NorthStar Realty Finance Announces Closing of $1.1 Billion Hotel Portfolio NorthStar Realty now owns a $3 billion hotel portfolio comprised of 155 premier upscale extended stay and select service hotels with 20,250 rooms. Tue, 18 Nov 2014 11:36:01 EST Chengdu Cachet Hotel To Open in 2016 Presently under construction, the Cachet Hotel boasts a prime location in the High Tech Zone and is part of a mixed-use development called Chengdu Jinbao Plaza, comprising office and commercial towers, a financial center and a luxury shopping mall. Tue, 18 Nov 2014 11:20:20 EST Sheraton Ambassador Hotel in Monterrey, Mexico Sold to FibraHotel The 229-room hotel will undergo a comprehensive renovation and continue to operate as a Sheraton under a new long-term management agreement Tue, 18 Nov 2014 11:04:30 EST The Artisan DC Hotel in Bogota Joins the Autograph Collection The Artisan DC Hotel is the first to become a part of Marriott International’s Autograph Collection in Colombia, and the second in Latin America after the Hotel & Spa do Vinho located in the southern wine country of Brazil. Tue, 18 Nov 2014 10:26:17 EST AC Hotels by Marriott Expands in Europe Marriott International Inc. (NASDAQ: MAR) continues to expand its AC Hotels by Marriott brand, with three new properties in Valencia, Spain; Istanbul, Turkey; and Tel Aviv, Israel, bringing the total to 80 opened or signed hotels in Europe. Tue, 18 Nov 2014 10:12:39 EST Chatham Lodging Acquires Four Hotels for $107 Million Chatham Lodging Completes Inland American Acquisitions: Expands NorthStar Relationship with 48-Hotel, $1.1 Billion Joint Venture Tue, 18 Nov 2014 09:12:53 EST Park Inn by Radisson Ankara Cankaya To Open Q2 2015 in Turkey The new built midmarket property featuring 112 rooms is scheduled to open in Q2 2015. It brings Carlson Rezidor’s portfolio in Turkey to 15 hotels and more than 3,200 rooms in operation and under development. Mon, 17 Nov 2014 17:55:54 EST Sheraton Arlington Hotel Sold to Urbana Varro Urbana Varro today announced its acquisition of the full service 311 room Sheraton Arlington Hotel located in the heart of the entertainment district in Arlington, Texas. Mon, 17 Nov 2014 16:42:59 EST Hyatt Closes on Sale of 38 Select Service Hotel Portfolio Hyatt Hotels Corporation (NYSE: H) announced that its affiliates have closed on the previously announced sale of 38 hotels to a company organized by Lone Star Funds. The portfolio of 38 hotels consists of Hyatt Place and Hyatt House hotels totaling 4,950 rooms. Mon, 17 Nov 2014 16:36:09 EST 1,004 Room Los Angeles Airport Marriott Sold for $160 Million DiamondRock Hospitality Company (NYSE: DRH) announced today that it has entered into a purchase and sale agreement to sell the 1,004-room Los Angeles Airport Marriott. This transaction is the result of a reverse inquiry from the same buyer who purchased the Torrance Marriott from the Company in late 2013. Mon, 17 Nov 2014 09:49:49 EST