A more 'hands on' investor will have the ability to realize the significant upside of renovating and owning a hotel property with further potential at a price well below replacement cost.
Source: hotelnewsresource.com
Tribute Portfolio Debuts in the United Arab Emirates with The First Collection at Jumeirah Village Circle, a Tribute Portfolio Hotel
Tribute Portfolio - part of Marriott Bonvoy's growing collection of characterful, independent hotels - welcomes its first hotel in the Middle East with the launch of The First Collection at Jumeirah Village Circle, a Tribute Portfolio Hotel in Dubai. Tribute Portfolio - part of Marriott Bonvoy's growing collection of characterful, independent hotels - welcomes its first hotel in the Middle East … [Read More...]
Michael Innocentin named Omni CMO
Omni Hotels & Resorts has appointed Michael Innocentin as its chief marketing officer (CMO). Innocentin will oversee the planning, development and execution of all brand marketing initiatives, including advertising, public relations, social media, the website and digital campaigns. Additionally, he will direct Omni’s customer engagement and Select Guest Loyalty programs. He will report … [Read More...]
Everhome Suites Debuts First Hotel Reflecting Brand Standard Prototype in Nampa, Idaho to Meet Growing Demand in Market
Everhome Suites Continues to Grow with its Third Opening and Over 60 Hotels in the Pipeline Choice Hotels International, Inc. (NYSE: CHH) announced the opening of Everhome Suites in Nampa, Idaho, marking the midscale extended stay brand's third opening, with more than 10 open hotels forecasted within the next year. The Nampa hotel exemplifies the brand's Closer to Home design package, … [Read More...]
Wyndham Partners With Decameron All Inclusive Hotels & Resorts
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts and Decameron All Inclusive Hotels & Resorts announced a newly formed alliance, giving Wyndham Rewards members access to more all-inclusive offerings, including nine new resorts across Mexico, Panama, and Jamaica. The latest in a growing list of industry collaborations, the deal expands Wyndham’s all-inclusive offerings to more than 50 … [Read More...]
ESA Premier Suites hotel opens in Florida
Extended Stay America (ESA) has opened the Extended Stay America Premier Suites Fort Myers – Airport in Fort Myers, FL. Turnstone Group developed the property, which Sandpiper Hospitality will manage. The four-story, 124-room newly constructed Extended Stay America Premier Suites Fort Myers – Airport hotel features free WiFi, complimentary healthy breakfast, premium cable, a fitness room, on-site … [Read More...]
Wyndham expands all-inclusive offerings
A newly formed alliance between Wyndham Hotels & Resorts and Decameron All Inclusive Hotels & Resorts will add nine resorts across Mexico, Panama and Jamaica to the Wyndham portfolio. The deal expands Wyndham’s all-inclusive offerings to more than 50 resorts globally while connecting Decameron to Wyndham’s marketing, technology and distribution platforms, including the Wyndham … [Read More...]
Hotel Equities adds first hotel in CALA region
Hotel Equities (HE) has been selected as the management partner for the Hampton by Hilton St. Thomas. The hotel is the first new hotel development in the U.S. Virgin Islands in more than 30 years and is the inaugural property under Hotel Equities’ Trust Hospitality division, marking the company’s debut in the Caribbean and Latin American (CALA) markets. The project, developed by Sean Miller … [Read More...]
Coal Exchange Hotel could add serviced apartments
UK: Eden Grove Developments Limited, the freeholder of The Coal Exchange Hotel in Cardiff, has appointed KEW Planning to redevelop the site and explore the addition of serviced apartments. The Coal Exchange Hotel is a Grade II-listed building that was acquired by hospitality firm Signature Living in 2016. Dial ue to the impact of Covid, Signature Living fell into … [Read More...]
LE: China’s Q1 construction pipeline grows
Lodging Econometrics’ (LE’s) Q1 2024 Hotel Construction Pipeline Trend Report reveals steady growth in China’s construction pipeline, with 3,775 projects encompassing 695,212 rooms. The total pipeline in the country continues to expand, increasing 3% by projects and 2% by rooms year-over-year (YOY). At the close of the first quarter, China has 2,691 projects and a record-high 488,560 rooms … [Read More...]
Indigo Road launches The George Hotel in South Carolina
US: Management company Indigo Road Hospitality Group has opened the 56-key George Hotel in South Carolina, marking the first property in the company’s home state. Developed by Winyah Properties and operated by Indigo Road, The George Hotel is located at 615 Front Street in Georgetown. Amenities include seafood restaurant The Independent, outdoor bar Eliza’s, on-site … [Read More...]