Posts by Dev Anand
Australian Fund Manager Pro-Invest Tests Market With AUD$1b Holiday Inn Express Portfolio
Locations: Sydney, Melbourne, Adelaide, Brisbane in Australia and Newcastle in Queenstown, New Zealand Name: Holiday Inn Express Guide Price: AUD$1bn Guide Price per Key: AUD$500k No. of Keys: Around 2,000 The Opportunity: Fund manager Pro-invest is looking to cash in on resurgent institutional investor demand for income-producing accommodation assets after putting a $1 billion portfolio…
Read MoreThe Ritz-Carlton Debuts in Amman, Jordan
Main Photo: The new Ritz-Carlton Amman Date: June 2022 Name: The Ritz-Carlton Amman Location: Fifth Circle, Amman, Jordan Number of Keys: 228 Seller: TBA Buyer: Al Eqbal is the master developer of two upcoming esteemed properties in Amman, Jordan, The Ritz-Carlton Hotel and The Ritz-Carlton Residences. Marriott have announced the opening of The Ritz-Carlton, Amman,…
Read MoreYotel Opens Fifth UK City-Centre Hotel, In London’s Shoreditch
Main Photo: The Premium Queen room at the new YOTEL London Shoreditch Date: June 2022 Name: YOTEL London Shoreditch Location: Cambridge Heath Road, East London, England, UK Number of Keys: 161 Seller: The site was formerly the East London hotel, opened in late 2018, by JMH Group/Definition Capital, led by Irfan Hussain and Marin Jakisic,…
Read MoreAccor In Talks To Sell €185m Ennismore Stake To Qatari Consortium
Main Photo: The Hoxton Barcelona, an Ennismore hotel Date: June 2022 Name: Ennismore Locations: Global Number of Keys: 130 hotels – Keys: TBA Seller: Accor/Sharan Pasricha Buyer: A Qatari consortium, with the deal to include €20m of Shariah compliant financing by Qatar First Bank to the Qatari consortium’s investment vehicle. Accor is in talks to…
Read MoreStarhotels To Open 150 Apartments In Florence With Hines and Blue Noble
Main Photo: The new Starhotels apartments, Florence – imagined Date: June 2022 Name: Il Teatro Luxury Apartment – Starhotels Collezione – to open 2024 Location: Corso Italia, formerly home to the Teatro del Maggio Fiorentino, Florence, Italy Number of Keys: 150 apartments Lessee: Starhotels Owner: Joint investors Hines and Blue Noble Joint investors Hines and Blue…
Read MoreFrasers Property Makes Offer to Privatise Frasers Hospitality Trust at SIN 70 Cents Per Unit
Main Photo: The Fraser Suites Sydney, one of the 14 assets within this deal Date: June 2022 Name: Frasers Hospitality Trust Location: HQ Singapore – properties globally Number of Keys: 2,635….Frasers have some 120 properties, under seven brands…although FHT own just 14 assets across 9 cities in Asia, Australia and Europe, as per this deal…
Read MoreWyndham Garden Enters Turkey With Stylish 346-Key Wyndham Garden Lara in Antalya
Main Photo: The new Wyndham Garden Lara, opened in April 2022 Date: June 2022 Name: Wyndham Garden Lara Location: Antayla, Turkey Number of Keys: 346 Seller: The site was the Family Suites Lara Buyer: The hotel is still owned by Beril Tourism Wyndham Hotels & Resorts, the world’s largest hotel franchising company by number of…
Read MoreEdinburgh Council Agrees to 25-year Lease for Scotland’s First Hyatt Hotel
Main Photo: The new Hyatt Centric – imagined Date: June 2022 Name: Hyatt Centric Edinburgh – opening 2025 Location: Haymarket, Edinburgh, Scotland, UK Number of Keys: 349 Seller: TBA Buyer: M&G Real Estate in partnership with developer – Qmile Group The City of Edinburgh Council has agreed to a 25-year lease with M&G Real Estate…
Read MoreTravelodge Reveals it’s Current Hotel Development Schedule for 2022 and 2023
Main Photo: The new Travelodge Wimbledon, to open late 2022 – imagined Date: June 2022 Name: Travelodge Locations: Across the UK Number of Keys: UK & Ireland Buyer: Travelodge. the UK’s second largest hotel chain, announces its current hotel development schedule. This includes plans to open six UK hotels in 2022 (including the group’s first new…
Read MoreAccor Opens First Mövenpick in Croatia – Zagreb
Main Photo: The new Moevenpick Zagreb Date: June 2022 Name: Moevenpick Zagreb Location: The modern business zone of New Zagreb, ten minutes’ drive from the airport and twenty minutes’ drive from the city centre. Number of Keys: 104 Seller: TBA Buyer: MPPD, an independent, vertically integrated real estate development company, whose primary focus is hospitality…
Read MoreCentral Pattana – Centara Hotels & Resort To Invest Thai Baht 10bn in 37 Hotel Projects in Thailand
Main Photo: The Hilton Pattaya, one of two hotels currently owned by CPN Date: June 2022 Name: Centara Hotels and Resorts Locations: 27 Provinces across Thailand Number of Keys: 37 hotels – 4,000 keys Seller: Various Buyer/Investor: Central Pattana Central Pattana Plc (CPN) is rolling out 37 hotel projects in 27 provinces worth a combined…
Read MoreChoice Hotels’ Cambria Hotels Brand Awards Ten New Franchise Agreements
Main Photo: The Cambria prototype design Photo Credit: Jeffrey Francisco/Unsplash Date: June 2022 Name: Cambria Hotels Locations: Tracy in California, Buckeye in Arizona, Palmdale in California, Sacramento in California, Seekonk in Massachusetts, Southaven in Mississippi, West Yarmouth in Massachusetts, Medford in Oregon, Portsmouth in New Hampshire and Sevierville in Tennessee…all in the USA Number of…
Read MoreThe Oscar Seppeltsfield, Barossa Finally Gets Go-Ahead To Open 2024 – AUD50m To Open
Main Photo: The artist’s impression for the new Wine Hotel Date: June 2022 Name: The Oscar Seppeltsfield – to open 2024 Location: Seppeltsfeild Vineyard, Barossa, South Australia Number of Keys: 71 rooms, suites and penthouses Seller: An old Seppeltsfield winery Buyer: The project is being funded by a group of South Australian businessmen, headed up…
Read MoreHilton To Open 358-Room Hampton by Hilton Hotel In Vienna By 2024
Main Photo: The proposed Hampton by Hilton Vienna City West Date: June 2022 Name: Hampton by Hilton Vienna City West – opening Autumn 2024 Location: Diefenbachgasse, 40 minutes from Vienna’s airport by public transport and 15-minute walk from Vienna’s major railway station, Wien Westbahnhof Number of Keys: 358, making it the largest Hampton in Europe…
Read MoreAman Announces Aman Beverly Hills – Opening 2026
Main Photo: The approach to the new Aman Beverly Hills – imagined Date: June 2022 Name: Aman Beverly Hills – opening 2026 Location: Intersection of Wilshire and Santa Monica Boulevards, a mile from the world-renowned Rodeo Drive, Los Angeles, California, USA Number of Keys: Seller: TBA Buyer: Cain International in partnership with Alagem Capital Aman,…
Read MoreChoice Hotels International to Acquire Radisson Hotel Group Americas for US$675m
Main Photo: The Radisson Blu Aqua Hotel, Chicago Date: June 2022 Name: Choice Hotels International & Radisson Hotel Group Location: The Americas Number of Keys: 624 hotels – 68,000 keys Seller: Radisson Hotel Group, owned by Chinese Jin Jiang Buyer: Choice Hotels International Choice Hotels International and Radisson Hotel Group announced that Choice Hotels has…
Read MoreRestaurateur, Charlie Palmer and Four Seasons Veteran, Christopher Hunsberger Launch Appellation Brand in USA
Main Photo: The bedroom style of Appellation Healdsburg, imagined Date: June 2022 Name: Appellation Hotels, with first three three planned as Appellation Sun Valley (2023) and two regions in California with Appellation Healdsburg (2023) and Appellation Pacific Grove (2024). Locations: First three: Sun Valley, Idaho; Healdsburg and Pacific Grove – both in California, USA Number…
Read MoreMGM Resorts Sell Gold Strike Tunica Hotel & Casino Resort to Cherokee Nation, Owners of Hard Rock For $450m
Main Photo: Golf at Tunica – several courses to choose from Date: June 2022 Name: Gold Strike Location: Tunica Resorts, 20 minutes south of Memphis, MS, USA Number of Keys: 1,258 Seller: MGM Resorts International, whose portfolio encompasses 33 hotel and gaming destinations globally, including those under brands such as Bellagio, Aria, Delano and Mandalay…
Read MoreMarriott To Leave Russia After 25 Years
Date: June 2022 Location: Russia What Did They Say: The Marriott hotel chain has announced it is leaving Russia after 25 years, saying Western restrictions made it “impossible” to keep operating there. The company closed its Moscow office and paused investment in Russia in March, following the invasion of Ukraine. However, it’s 22 hotels in the…
Read MoreService Properties Trust Closes On The Sale of 22 Additional Sonesta-Branded US Hotels
Main Photo: The Chase Park Plaza Royal Sonesta St Louis Date: June 2022 Name: Service Properties Trust – SVC Locations: Across the USA Number of Keys: 6,248 sold previously….1,781 in this deal Seller: Service Properties Trust Buyer: TBA Service Properties Trust has announced progress on it’s previously announced plan to sell 68 Sonesta branded hotels.…
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