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2007-11-05 Hotel Development News

Development

IHG announces signing of its first hotel in Denmark
InterContinental Hotels Group (IHG), the owner of the Crowne Plaza brand, has announced the signing of a franchise agreement with CPH Hotel Management A/S for the new Crowne Plaza Copenhagen Towers. ...more

Starwood Hotels and Resorts Ramps up Its Presence in Latin America with the Addition of Three New Hotels in Peru
The New Properties Include the First Westin in South America and Two Luxury Collection Hotels ...more

InterContinental Hotels & Resorts announces signing of Tbilisi, Georgia
InterContinental Hotels Group (IHG), the owner of the InterContinental Hotels & Resorts brand, and THED International, yesterday announced the signing of an agreement with Georgian Properties LLC to open the first InterContinental hotel in Tbilisi, the capital city of Georgia. ...more

IHG Launches New-Look Candlewood Suites Prototype
New design provides increased lobby function and residential townhouse-look ...more

Mövenpick Hotels & Resorts moves forward with Abu Dhabi expansion
Having announced its decision to carry out an exclusive project on Al Reem Island in September, Mövenpick Hotels & Resorts has now signed an exclusive partnership agreement with ALDAR Properties calling for the development of three additional first class hotels in Abu Dhabi in the United Arab Emirates. ...more

W Hotels Makes Entry into Japan with its First Hotel in the Asian Destination of Yokohama
Signs Deal to Open First Property in Japan, W Yokohama to Debut in the Minato Mirai 21 Redevelopment in 2010 ...more

MHI Hospitality Corporation Announces Crowne Plaza Flag for Tampa Hotel
MHI Hospitality Corporation (AMEX:MDH) announced today that the Company has entered into a 10-year franchise agreement with InterContinental Hotels Group (IHG) (LON: IHG) (NYSE:IHG) (ADRs) through its franchising entity, Holiday Hospitality Franchising, Inc., to brand the hotel as the Crowne Plaza(R) Tampa Westshore. ...more

Quanah Sets New Records with Multiple Hotel Openings
Developer Accelerates in Its 5-Year Mission ...more

Olympia Development Announces Deals to Develop Hotels in Three States
Announced three new hotel projects in Mystic, Connecticut, Durham, North Carolina, and Nashua, New Hampshire. ...more

Molinaro Koger Capital Markets Arranges €20 Million Re-Financing for Canyon Equity's Amanresort Le Mélézin
Molinaro Koger (MK) announced today the closing of the Hilton University of Florida, which they facilitated on behalf of Cornerstone Real Estate Advisers LLC. ...more

Hard Rock International and HPL Hotels & Resorts Announce Development of Hard Rock Hotel Penang
Innovators in Hotel Property Development to Deliver Unprecedented Four-Star, Luxury to Exotic Malaysian Resort Setting ...more

Hotel Industry Executives Upbeat at Hotel Investment Conference
Hans W.R. Kennedie Receives First International Hotelier Global Citizen Award ...more

Playa Hotels & Resorts Announces Deal With Apple Leisure Group Company to Acquire Six High-End All-Inclusive Resorts
Playa Hotels & Resorts, S.L. announced its plans to buy six high-end all-inclusive resorts in Mexico and the Dominican Republic from a subsidiary of the Apple Leisure Group. ...more

Viceroy Announces New Beachfront Resort in Zihuatanejo, Mexico
Kor Brings Second Luxury Resort to Playa La Ropa in Mexico ...more

Regent to Open its First Property in France
The Regent Bordeaux, its first property in France, to open later this year or in early 2008. ...more

Lightstone Value Plus REIT Enters Hotel Market with Acquisition of Two Baymont Inn & Suites Hotels in Texas
The Lightstone Value Plus REIT, the industry's first 'no front-end load' real estate investment trust, today announced that it has acquired two Baymont Inn & Suites that it plans to immediately convert to Extended Stay Deluxe hotels and renovate over the next year. ...more

Optimum Hotel Brokerage Sells Westport Inn in Westport, Connecticut
Boutique Connecticut Country Inn Sold to New York Developer ...more

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