Today's Hotel Development News Today's Hotel Development News from Hotel News Resource en-us Hotel News Resource KSL Capital Partners, LLC Acquires U.K.'s Village Urban Resorts De Vere Group and KSL Capital Partners, LLC (KSL), announced that an affiliate of KSL has acquired Village Urban Resorts (Village) from De Vere Group. KSL, headquartered in Denver, Colorado with an office in London, is a U.S. private equity firm dedicated to investing in travel and leisure businesses. Thu, 27 Nov 2014 12:21:31 EST Historic Bolling Wilson Hotel Joins Ascend Hotel The property, which is located at 170 E. Main Street, dates back to 1927. In 2010 it was purchased by Bill and Farron Smith of Smith Enterprises and redesigned in homage to Wytheville's most prominent citizen, Edith Bolling Wilson, wife to President Woodrow Wilson. Tue, 25 Nov 2014 19:08:05 EST Meritus Bali Seminyak Resort & Spa Announced for 2016 Meritus Hotels & Resorts announced the signing of a management agreement with Indonesian property developer PT. Bali Seminyak Sejahtera to operate a new-build resort in Seminyak, one of the most popular destinations on the island of Bali, Indonesia. Tue, 25 Nov 2014 18:56:19 EST Steigenberger Hotel Changchun to Open Spring 2016 in China The Steigenberger Hotel Changchun, which will offer more than 130 rooms of 40 m² in size and 15 suites, is scheduled to receive its first guests from the spring of 2016 onwards. The hotel will also feature a spa and gym area complete with swimming pool and extending over a total area of 1650 m². Tue, 25 Nov 2014 11:13:34 EST JW Marriott to Open First Italian Hotel in Venice and First Resort in Europe in March 2015 The 266-room property, created in collaboration with award-winning Italian architect firm Matteo Thun & Partners, has an exceptional lagoon location on its own island, with stunning views of St Mark’s Square and La Serenissima. Tue, 25 Nov 2014 10:40:53 EST 1000 Plus Room Silver Pearl Hotel Proposed for 2022 FIFA World Cup in Qatar The Silver Pearl Hotel calls for a 1000 plus room luxury property to be located 1 1/2 kilometer off shore near Doha. The name of the hotel refers to a structure that will literally rise out of the sea to recall the country's seafaring and pearl diving history. Mon, 24 Nov 2014 13:03:03 EST Hotel Palomar Los Angeles – Westwood Sold for for $78.7 Million Pebblebrook Hotel Trust (NYSE: PEB) last week announced that it has acquired the Hotel Palomar Los Angeles – Westwood for $78.7 million. The 264-room, upper upscale, full-service boutique hotel is located in the Westwood neighborhood of Los Angeles, California. Mon, 24 Nov 2014 12:06:27 EST Value Place Signs Development Agreement for 15 Chicago Area Hotels The South Bend, Indiana-based Holladay Properties has entered into a development agreement with Value Place Franchise Services, LLC, to develop 15 hotels in the Chicagoland area within the next 60 months, with the potential to build additional properties. The first hotel is on track to break ground Spring 2015. Mon, 24 Nov 2014 11:55:37 EST Park Hyatt Hotel to Open 2017 in Auckland Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Fu Wah New Zealand for a Park Hyatt hotel in Auckland, New Zealand. Expected to open in 2017, Park Hyatt Auckland will mark Hyatt’s return to New Zealand, and the first Park Hyatt-branded hotel to open in Auckland. Mon, 24 Nov 2014 10:59:00 EST Auction of Florida 76 Room Motel on 4.66 Acres Online Bidding Only Auction Dec. 2nd thru Dec. 4th, 2014 - To be Sold to the Highest Bidder at or above a Bid Price of $650,000!(Last Appraised Value of $1.9 Million) Mon, 24 Nov 2014 10:51:12 EST Microtel Inn & Suites by Wyndham Hotels in Culiacan and Ciudad Juarez Sold to Fibra Inn Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV:FINN13) announced that it acquired two Microtel Inn & Suites by Wyndham hotels, located in Culiacan and Ciudad Juarez, both limited service hotels, with a total of 226 rooms Mon, 24 Nov 2014 10:06:49 EST 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