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2008-05-26 Hotel Development News

Development

Milmark Arranges Sale of Hospitality Inn & Suites, Milwaukee
Milmark Hotel/Motel Investments, LLC announced today that the real estate firm's brokers, Ronald McCord and Jennifer Church, have closed on the sale of the Hospitality Inn & Suites located at 4400 S. 27th Street in Milwaukee. ...more

IHG Announces Joint Crowne Plaza and Hotel Indigo Project in Irving, Texas
Adjoining properties coming to prestigious Las Colinas area ...more

Lake Lawn Resort Receives Unanimous Plan Commission Approval for Next Phase of Development
Delavan Resort Holdings announced today that it has received unanimous approval from the City of Delavan Plan Commission to move forward with its next phase of redevelopment at Lake Lawn Resort. ...more

RockResorts Terminates Chateau at Heavenly Village Agreements
In light of the recent announcement by Lake Tahoe Development Company (LTDC), the third party developer of the Chateau at Heavenly Village project, that it has placed the project on hold due to financing issues, RockResorts has terminated marketing license and technical services agreements associated with the project. ...more

Crestline Hotels & Resorts to Manage The New Hilton Garden Inn, Blacksburg, VA Opening Spring 2009
Crestline Hotels & Resorts, Inc. today announced its appointment as the management company for the new Hilton Garden Inn Blacksburg, VA. The 137 guestroom hotel is under construction and is scheduled to open in the Spring of 2009. ...more

Nobu sushi chain to open hotel, condos in downtown NYC
Nobu, the pricey sushi restaurant chain, is branching out into the hotel business. ...more

Marshall Management Signs Fifth Contract of 2008
Company To Manage Hampton Inn Little Rock ...more

aloft Hotel Breaks Ground in Aventura, Florida
New concept hotel to open in one of Florida's Premier Golf Communities in 2009 ...more

Rezidor Arrives in Ethiopia: New Radisson Hotel in Addis Ababa
The Rezidor Hotel Group (STO:REZT) arrives in Ethiopia and announces a brand new Radisson hotel in the capital city Addis Ababa - the property will feature 209 rooms and open in Q4 2009. ...more

Holiday Inn returns to Chennai, India's third largest City
• New-build 200-room, 75-suite Holiday Inn to open in Chennai's Estancia Integrated Township in 2011 ...more

Outrigger Serenity Terraces Resort, Phuket to Open in Early 2009
Outrigger Enterprises Group will open a beachfront condominium resort in Phuket in early 2009. The Outrigger Serenity Terraces Resort, Phuket will be the first Outrigger property to open in the area. ...more

Capital Hotel Management Announces New Division: CHM Government Services
Capital Hotel Management (CHM), a leading hospitality investment and asset management firm, today announces the launch of CHM Government Services, a new division created to provide government and public agencies and their partners with creative and effective business-based solutions to a wide-range of issues surrounding the ownership and operation of hospitality and recreational assets. ...more

Ashford Hospitality to Sell Hyatt Montreal for $58.3 Million
Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced that it has agreed to sell the Hyatt Regency Montreal in Montreal, Quebec to Pandox for $58.5 million CDN ($58.3 million U.S. based on yesterday's conversion rate). ...more

Major Expansion Approved for Vineyard Resort Development in Mendoza, Argentina
Algodon Wine Estates Will Add Luxury Hotel, Spa, Two Additional World-Class Golf Courses and over 200 Vineyard Homesites ...more

Hotel Indigo with 26% room growth in Q1
Hotel Indigo continued its growth momentum with a strong first quarter 2008 as the brand opened three new hotels totaling nearly 400 rooms - increasing its room count by 26 percent. ...more

The Regent Kuala Lumpur Marks the Latest Global Expansion from Regent Hotels & Resorts
New Luxury Hotel and Residences to Join Regent Hotels in China, Developments in the Maldives, Thailand and the Philippines ...more

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