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2008-05-12 Hotel Development News

Development

50% Of All New First Class & Luxury Hotel Projects Have 150 To 300 Rooms
More than 2,000 hotel projects worldwide scheduled to open by 2014 - The majority being luxury hotels - 60% of the largest hotel projects are located in the U.S. ...more

Red Lion Hotels to Acquire 478-Room Hotel in Denver, Colorado for $25.3 million
Red Lion Hotels Corporation (NYSE:RLH) today announced that it has entered into an agreement to acquire the fee simple interest in the 478-room Radisson Hotel Denver Southeast for $25.3 million. ...more

Rezidor Announces a New Radisson SAS Resort in Turkey
The Rezidor Hotel Group (STO:REZT) announces the Radisson SAS Resort Cesme in Turkey - the 305 room-property will open in Q3 2008. It is Rezidor's 4th hotel in the country, the company is already running two hotels in Istanbul and one in Ankara. ...more

Hilton Makes History with Topping Off of First Purpose-Built Timeshare Project in Manhattan
West 57th Street by Hilton Club Marks Key Construction Milestone ...more

Accor Sells Sofitel The Grand (Amsterdam) Under a Sale and Management-Back Agreement for EUR 92 Million
As part of the ongoing implementation of its "asset-right" strategy, Accor announced today that it has sold the Sofitel The Grand hotel in Amsterdam under a sale and management-back arrangement. The transaction is based on an enterprise value of EUR92 million. ...more

Agreement Calls for Development of 17 Ramada Hotels in Eastern Canada
Wyndham Hotel Group today announced an agreement with Days Hospitality Inc. of Markham, Ontario, for the development of 17 Ramada hotels throughout Eastern Canada during the next 10 years. ...more

Molinaro Koger Structures Sale of Residence Inn by Marriott Lubbock, Texas
Molinaro Koger (MK) announced today that Andy Kern of the firm's metro-DC headquarters office facilitated the marketing and sale of the Residence Inn by Marriott, Lubbock, Texas, on behalf of Lion ES Hotels II, LLC. ...more

Marriott International to Manage Courtyard Hotel at Jebel Ali-Dubai for Integra International FZCO
235-room Hotel to be Fourth Upper-Moderately Priced Courtyard Property in Dubai ...more

Marriott to Manage Nine Properties in Saudi Arabia for Fawaz Abdul Aziz Al-Hokair & Associates Hotels Company
Agreement Includes Hotels Representing Six Marriott International Lodging Brands Starting in 2010 ...more

Carlson Hotels Signs 50+ New Properties in First Quarter 2008
The new hotels and resorts span 19 countries, including one Regent hotel, 14 Radisson properties, two Rezidor managed Radisson hotels, 18 Country Inn & Suites By Carlson properties, six Park Plaza hotels, and ten Park Inn locations. ...more

Hyatt Hotels & Resorts to Operate Second Five-Star Property in South Africa
2010 Opening of Hyatt Regency Oubaai Builds Hyatt's Presence in Africa ...more

Hilton Hotels Corporation Announces Signing of First Doubletree by Hilton in Scotland
Hilton Hotels Corporation announced the signing of a management agreement that represents the entry of the Doubletree by Hilton brand into Scotland. This agreement will see the historic Dunblane Hydro Hotel receive a multi-million-pound enhancement project, before joining the upscale, full-service brand in 2010. ...more

Harris Hotel Group Hosts Hard Hat Tours of Nearly Complete Candlewood Suites Columbia / Ft. Jackson
Mr. Brian Jungling, Vice President of Operations for Harris Hotel Group hosted dignitaries from Richland County and the City of Columbia to hard hat construction tours of the 112-room Candlewood Suites Hotel located here. Set to open May 20, 2008 this property is the first in the Candlewood Suites brand to enter the Columbia/ Ft. Jackson, South Carolina market. ...more

Coakley & Williams Hotel Management Company Again Steps Up Expansion in 2008
Adds Five New Management Contracts in first 100 days of 2008 ...more

Baha Mar Resorts Ltd. Signs Agreement with Wyndham Hotels and Resorts to Manage Wyndham Nassau Resort in the Bahamas
Wyndham Appoints Jeffry Humes to Lead Management Transition Team ...more

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