Today's Hotel Development News Today's Hotel Development News from Hotel News Resource en-us Hotel News Resource FibraHotel Acquires the Fiesta Americana Condesa Cancun All-inclusive Resort Hotel FibraHotel (BMV: FIHO12 announced an agreement to acquire the Fiesta Americana Condesa Cancun resort hotel for a purchase price of Ps. 2,892 million in a sale and leaseback transaction with Grupo Posadas. Wed, 16 Aug 2017 12:53:57 EST EB-5 Finance Lawyer: The Developer’s EB-5 Handbook for Construction Financing - By Jim Butler JMBM’s Global Hospitality Group® and EB-5 Finance Group™ announce the publication of The Developer’s EB-5 Handbook for EB-5 Construction Financing, a 'must-read' resource for developers who are considering using EB-5 financing to complete or enhance their capital stack for construction projects . Wed, 16 Aug 2017 12:27:30 EST IHG Signs Two New Hotels in Dubai InterContinental Hotels Group (IHG) has announced the signing two new properties in Dubai: Crowne Plaza Dubai Business Bay and InterContinental Residence Suites Dubai Business Bay. Wed, 16 Aug 2017 11:56:08 EST Hapuna Beach Prince Hotel to Convert to The Westin Hapuna Beach Resort Mauna Kea Resort LLC today announced it has signed a franchise agreement with Westin Hotels & Resorts to debut the brand on the Big Island of Hawaii, with the $46 million renovation and conversion of Hapuna Beach Prince Hotel to become The Westin Hapuna Beach Resort in February of 2018. Wed, 16 Aug 2017 11:50:49 EST New Residence Inn in Hyde Park, N.Y. Announced Bellefield Development Partners/The Shaner Hotel Group Joint Venture Awarded Marriott Franchise for the First Hotel at Bellefield, Hyde Park, N.Y. Wed, 16 Aug 2017 11:18:09 EST RLJ Shareholders and FelCor Stockholders Approve Merger At the special meeting of RLJ shareholders, approximately 78% of the votes cast were voted in favor of the proposal related to the issuance of RLJ Common Shares in connection with the Merger. At the special meeting of FelCor stockholders, approximately 81% of the outstanding shares of FelCor common stock were voted, with approximately 99% of the votes cast in favor of the Merger. Wed, 16 Aug 2017 11:07:59 EST 135 Room Ayres Hotel Breaks Ground in South San Diego County Millenia Announces Groundbreaking of 131,800 Sq. Ft. Millenia Commons Lifestyle Center by Sudberry Properties Tue, 15 Aug 2017 12:31:59 EST JLL Real Views - Why Affordable Luxury Hotel Brands Are Heading to Asia - Serene Lim Yotel and CitizenM might be better known in Europe and the United States but it won’t be long before they become familiar brands in Asia. Tue, 15 Aug 2017 11:33:03 EST Doubletree by Hilton Jeddah Al Salamah District Hotel Announced for 2020 Hilton (NYSE: HLT) announced the signing of a management agreement with Fahd Abdallah al-Harbi & Sons Limited to open DoubleTree by Hilton Jeddah Al Salamah District in Saudi Arabia. The hotel is expected to begin welcoming guests in Q1 2020. Tue, 15 Aug 2017 11:09:58 EST Hyatt Place Washington DC / US Capitol Hotel Sold to Excel Group Washington DC-based real estate investment firm Excel Group has announced its recent acquisition of the Hyatt Place Washington DC / US Capitol, a 14-story, 200-room hotel, which opened in June 2014. Tue, 15 Aug 2017 10:39:34 EST Hard Rock Hotel Davos to Open December 2017 in Switzerland Hard Rock International is expanding its hotel portfolio to the Swiss Alps, announcing plans to open Hard Rock Hotel Davos. Mon, 14 Aug 2017 15:30:24 EST Masters Realty Sells 30-Acres of Land to Developers for Construction of Two Luxury Hotels Near the Orange County Convention Center Hooman Hamzehloui, founder of Masters Realty, announced his two latest deals have closed, leading the way for the development and construction of two new hotels located in the heart of Central Florida's hospitality and tourism district. Mon, 14 Aug 2017 13:25:32 EST Huff, Niehaus & Associates, Inc. Closes Three Hotel Transactions The three properties, valued at nearly $5.0 million, include two interior corridor Super 8 hotels in Campbellsville, Kentucky, and Munfordville, Kentucky, plus a 98-room, major interstate location, Motel 6 in Jeffersonville, Indiana. Renovations are expected on all three properties. Huff, Niehaus was both the listing and selling agent in all three transactions. Thu, 10 Aug 2017 15:02:36 EST 259 Room Tru by Hilton Hotel Announced for Orlando, Florida The eight-story, 259-room hotel will be the largest Tru by Hilton property to date and will be located just south of the Orange County Convention Center. Thu, 10 Aug 2017 11:41:15 EST Marriott Seattle Tacoma Hotel Breaks Ground Adjacent to the Greater TacomaConvention Center, the 22-story building will be a new landmark of luxury as the second tallest building in Tacoma, offering a four-star standard for regional, national and international conventions. Thu, 10 Aug 2017 11:32:54 EST Rebranded Hotel Nikko Oita Oasis Tower to Open in December FTC Hotel Kaihatsu Co., Ltd. and Okura Nikko Hotel Management Co., Ltd., a subsidiary of Hotel Okura Co., Ltd., jointly announced today that they will open the rebranded Hotel Nikko Oita Oasis Tower in southern Japan this December. The rebranded hotel will be operated under Nikko Hotels International. Wed, 9 Aug 2017 14:48:29 EST Wanda Realm Resort Langkawi Announced As Part of Tropicana Cenang Development Earmarked to be an iconic addition to the Langkawi skyline upon completion by the end of 2023, this development which is located on 5.28 acres of prime freehold land fronting the Andaman Sea is expected to be a key tourist destination as well as family hub for leisure and entertainment, catering to both local and overseas tourists Wed, 9 Aug 2017 10:49:25 EST Travelodge Opens Second Hotel in Hong Kong A consortium comprising SGX-listed ICP Ltd and a real estate private equity fund has acquired Butterfly on Hollywood, a 148-room midscale hotel primely located in the Central district of Hong Kong. From September 2017 onwards, the hotel will be rebranded as Travelodge Central, Hollywood Road. Tue, 8 Aug 2017 10:47:33 EST 438 Room Niu Hotel Announced for Düsseldorf Together with the English investor Citygrove European Developments Ltd, NOVUM Hotel Group is planning to build another hotel at Moscow Street 29. Start of construction - including 438 rooms - is planned for mid-2018. Tue, 8 Aug 2017 10:40:54 EST Louis T Collection to Manage New Esplanade Hotel in Perth, Australia Louis T Collection and H&M Capital Pty Ltd have announced the signing of a management agreement pursuant to which Louis T Collection will oversee the operation of the New Esplanade Hotel. The hotel is located in Elizabeth Quay, Perth's vibrant, newly developed mixed-use zone along the Swan River. Tue, 8 Aug 2017 10:20:29 EST