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2008-03-24 Hotel Development News

Development

Hyatt stakes a claim to 650 meters of storied China Beach
The golden sands of Vietnam's 3,400-kilometer coastline scored its first internationally renown brand March 19 when Hyatt Hotels & Resorts broke ground on an expansive beach resort in Vietnam. ...more

'Zun Ya' Selected as the Chinese Brand Name for the Jumeirah Group
Jumeirah Group unveiled its Chinese brand name, Zun Ya, to convey the essence of the Jumeirah brand as well as a deep connection with Chinese culture. ...more

The Plaza Project Receives Final Approval From the Las Vegas County Commission
The Las Vegas County Commission approved ELAD IDB Las Vegas LLC's Site Development Plan and Special Use Permit today giving the company all necessary entitlements to begin moving forward with their plans on expanding The Plaza brand to the Las Vegas Strip. ...more

Full House Resorts Updates Status of Nambé Pueblo Casino Development Project
Full House Resorts (AMEX: FLL) today announced that it is no longer pursuing the development or management of a casino resort with the Nambé Pueblo of New Mexico. Since 2005, the Company has been working with the Pueblo and its Gaming Enterprise Board to develop a casino on tribal lands. ...more

LaSalle Hotel Properties Acquires Portion of Landmark Chicago Property Through Joint Venture
Company to Redevelop as Super Luxury Hotel ...more

Best Western Targets 30 Hotels in Japan by 2010
Best Western plans expansion to become the largest International hotel chain in Japan within three years. ...more

Wisconsin Dells Resort Gets the Green Light
Cambrian Development will begin Construction of $160 million Grand Cambrian Resort ...more

aloft Bolingbrook, Illinois to open in the summer of 2009
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced plans to open an aloft hotel in Bolingbrook, Illinois, a rapidly expanding suburb of Chicago. ...more

Outrigger to manage new international resort in Townsville, Australia
Australian developer and construction giant Laing O'Rourke unveiled plans this week for a new AUD $80 million multi-level resort condominium and residential building on Palmer Street in Townsville, Australia, to be managed by Outrigger Hotels & Resorts. ...more

IHG continues to dominate booming Russian hotel market
InterContinental Hotels Group (IHG), the biggest hotel operator in the booming Russian international-branded hotel sector, continues its Russian expansion with the announcement of the signing of a further Moscow property, its 7th Holiday Inn in the city. ...more

Barbados Looking For International Hotel Brands
A Caribbean-American brand specialist is assessing the Barbados government's reported drive to attract more international hotel brands to the island. ...more

Motel 6 Reinvents the Economy Lodging Segment with 'Phoenix' Prototype
Phoenix Design Combines Modern Style, Functionality and Value ...more

The Ritz-Carlton Lifestyle Expands in Hawaii
Three major developments currently underway on the popular islands of Maui and Kauai ...more

Size Does Matter in Hotel Purchases, Development
Thinking small is becoming a bigger trend in hotel development and acquisitions in secondary and nearby top-tier markets, mostly due to consumer demand for upgraded amenities and modern operations, as well as the willingness of lenders to book smaller debt for the less-expensive properties. ...more

First-Ever Best Western Upper-Midscale Atria Prototype Breaks Ground in San Antonio
San Antonio developer and hotel owner Ajay Patel recently broke ground on the first-ever Best Western Atria prototype, a sleek upper mid-scale concept designed to drive premium, value-added pricing. The 100-room property is being built in southwest San Antonio's Westside Peak development and is expected to be complete next fall. ...more

Cornell's School of Hotel Administration Launches Online Certificate Program in Hotel Real Estate Investments/Asset Management
Partnership with eCornell provides tools for valuing hotel real estate investments and management contracts ...more

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