Today's Hotel Development News Today's Hotel Development News from Hotel News Resource en-us Hotel News Resource 202 Room Marriott Guayaquil Hotel to Open 2016 in Ecuador The Guayaquil Marriott will be the company’s third property in Ecuador and is being developed by Hotecapsa, overseen by Mr. Angel P. Sanchez. Mr. Sanchez is a major local developer in Guayaquil who also opened the famous Sanchez Aguilar Theatre, The Plaza Buena Vista Mall and the Plaza del Prado Mall. Wed, 17 Sep 2014 13:31:54 EST Wyndham Quito Airport Gran Condor to Open Late 2015 in Ecuador Wyndham Hotel Group today announced the signing of a franchise agreement for the Wyndham Quito Airport Gran Condor, the first Wyndham Hotels and Resorts® property in Ecuador's capital city. Wed, 17 Sep 2014 13:26:01 EST Radisson Blu Hotel, Edinburgh, the Park Inn by Radisson, Manchester City Centre and and The Quay Leisure Park, Glasgow Launched CBRE and JLL have been appointed to dispose of the Radisson Blu Hotel, Edinburgh, Park Inn by Radisson, Manchester City Centre and The Quay Leisure Park, Glasgow. The properties are on the market with a combined asking price of £132.3 million. The properties are available individually and equally offers are invited for any combination of the assets. Wed, 17 Sep 2014 13:20:19 EST Le Meridien Ahmedabad Announced for 2018 Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced the signing of Le Méridien Ahmedabad, a 200-room new build hotel slated to open in 2018. Wed, 17 Sep 2014 12:46:34 EST Aloft South Beach Celebrates Topping Off Milestone JMH Development, led by Principal Jason Halpern, announced today the topping off of the Aloft South Beach, the 235-room hotel scheduled to open in early 2015 in the heart of Miami Beach. Tue, 16 Sep 2014 13:49:49 EST Hotel Imperial in Vienna Celebrates 140th Anniversary As part of a multi-million dollar investment to restore Europe’s most iconic hotels under The Luxury Collection, Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today unveiled the restored public spaces at Hotel Imperial, a Luxury Collection Hotel, Vienna. Tue, 16 Sep 2014 13:31:11 EST Hampton Inn & Suites Downtown Austin Sold for $53.0 Million Summit Hotel Properties (NYSE:INN) announced today the acquisition of the Hampton Inn & Suites located in downtown Austin, Texas. The acquisition is the first property owned by Summit in the home of their corporate offices. Tue, 16 Sep 2014 13:26:00 EST Hotel Columbus Near Frankfurt Acquired by Trans World Corporation Hotel Columbus was acquired for approximately $8.0 million, inclusive of taxes and closing costs, with approximately $3.3 million of equity from TWC’s available cash and approximately $4.7 million, of local bank financing. The 15-year amortized loan carries a favorable rate of 3.1% per annum, fixed for ten years, after which the rate will be market-based. Tue, 16 Sep 2014 13:02:53 EST FelCor Sells Holiday Inn-Toronto Airport and Embassy Suites Hotel-Indianapolis North FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it sold its 446-room Holiday Inn-Toronto Airport and 221-room Embassy Suites Hotel-Indianapolis North for aggregate gross proceeds of $29 million in separate transactions. FelCor is using asset sale proceeds to repay outstanding debt. Tue, 16 Sep 2014 11:17:43 EST Aloft Hotel to Open July 2016 in El Paso, Texas Aloft El Paso Downtown will be centrally located near numerous restaurants, bars and shops, and the University of Texas at El Paso. Less than 15 minutes from El Paso International Airport (ELP), the hotel will provide easy access to leading attractions such as El Paso museum of Art, El Paso Performing Arts Center, Western Playland Amusement Park and Plaza Theatre. Tue, 16 Sep 2014 11:13:26 EST 4th Atlantic City Casino Shutdown - USATODAY A downward spiral that saw it ranked dead last among the city's casinos will end Tuesday morning with the closing of Trump Plaza, the fourth Atlantic City casino to go belly-up this year. Tue, 16 Sep 2014 09:12:53 EST Wyndham Papagayo Yu Resort in Guanacaste to Open 2015 in Costa Rica Wyndham Hotel Group Signs Deal for First Wyndham Resort in Costa Rica Mon, 15 Sep 2014 11:35:31 EST The Royal Atlantis Resort and Residences on The Palm Part of of $1.4 Billion Atlantis Resort Expansion Features of the new project will include: An approximate total investment of $1.4 billion in the resort expansion and amenities - Nearly 800 new guest rooms and lavish suites with spectacular architecture from Kohn Pedersen Fox Associates (KPF) and interior design by GA Design. Mon, 15 Sep 2014 10:52:27 EST DoubleTree Grand Key Resort Sold for $77 Million RLJ Lodging Trust (NYSE: RLJ) today announced that it has acquired the 215-room DoubleTree Grand Key Resort located in Key West, FL for a purchase price of $77.0 million, or approximately $358,000 per key. Mon, 15 Sep 2014 10:36:37 EST InTown Suites Acquires Four Extended Stay Hotels in Southern Virginia Last month, Atlanta based InTown Suites purchased four extended stay hotels in southern Virginia. The properties, formerly Savannah Suites, are located in Chesapeake, Hampton, Newport News and Norfolk, and give InTown Suites eight locations in the area. Mon, 15 Sep 2014 08:45:44 EST Intrawest Acquires Remaining 50% of Blue Mountain Ski Resort for CAD $58.0 Million Intrawest Resorts Holdings, Inc. (NYSE:SNOW announced that it has negotiated and entered into a definitive agreement to acquire the 50% interest in Blue Mountain Ski Resort that it does not already own from Blue Mountain Resorts Holdings Inc. for CAD $58.0 million. Fri, 12 Sep 2014 12:39:24 EST Yanqi Lake Kempinski Hotel Beijing Architectural and Interior Design Story Chief Designer Zhang Hai Ao worked with his team of 60 designers from across the globe, including the UK, Italy, Spain, the US, Holland and the Philippines, who spent 60 days developing this amazing building design. Thu, 11 Sep 2014 15:11:09 EST Marriott’s Latin American Hotels Set to Nearly Double by 2017 At this week’s World Travel & Tourism Conference (WTTC), Craig Smith, president of the Caribbean and Latin America at Marriott International, Inc. (NASDAQ: MAR), announced that the company expects to reach the milestone of 5,000 hotels by 2017, planning to add 1,300 new hotels in the next three years at the rate of 6 per week. In Latin America alone, the company expects to close 2017 with 150 hotels across 25 countries, nearly doubling its portfolio in Latin America. Thu, 11 Sep 2014 14:14:34 EST Scandic Stavanger Congress Hotel to Open 2016 in Norway Scandic signs a major new hotel in the centre of Stavanger, Norway. With 350 rooms and vast conference facilities, Scandic is positioning itself for the competition in the oil city. Thu, 11 Sep 2014 13:46:56 EST IHG Announces Its Seventh Multiple Development Agreement in Germany InterContinental Hotels Group (IHG) has announced its seventh multiple development agreement (MDA) in Germany with existing owner partner Sierra Hotel Management Ltd. The first property already signed under the agreement is Holiday Inn Express® Karlsruhe - City Park, due to open in mid-2016. Thu, 11 Sep 2014 13:01:03 EST