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2008-07-21 Hotel Development News

Development

First Mövenpick Hotel Project in Lybia
As of 2010, Mövenpick Hotels & Resorts will be represented in Libya as well. A management contract has just been signed with the owning company, the Bank of Commerce & Development, Libya's oldest and largest privately held bank, for an urban resort hotel with over 500 units in Tripoli. ...more

China's Prestigious New World Hotel Group Selects Luxe Worldwide Hotels for International Representation: Major Signing Ceremony in Hong Kong
Luxe Worldwide Hotels, the leading provider of full-service representation services within the international hotel industry, proudly announces its exclusive representation of New World Hotel Management Ltd. This agreement, which included a celebrated signing ceremony between the two companies in Hong Kong, furthers Luxe's presence in Asia while also strengthening its influence in China. ...more

Choice Hotels International to Accelerate Clarion Brand Growth in United Kingdom, Germany and Russia
Company Enters Into Area Representative Agreement With Kasterlee Limited to Develop 16 Clarion Hotels in Key European Markets ...more

Marriott International to Nearly Triple Its Presence in Mexico in Five Years
29 new hotels in Mexico Help Fuel Company's Record-Setting Global Growth ...more

eXceed Hospitality Asset Advisors Chosen to Asset Manage The Mayflower, Washington, DC - A Renaissance Hotel
eXceed Hospitality Asset Advisors, LLC (eXceed), a leading Hospitality Industry Advisory Firm, announced today that it has been chosen by the Ownership Group as the asset management team for the Historic Mayflower Hotel, Washington, DC - A Renaissance Hotel. ...more

The Hongkong and Shanghai Hotels, Limited Signs Heads of Agreement for a Proposed Hotel Development in Paris, France
The Hongkong and Shanghai Hotels, Limited (HSH) today announced that it has entered into a heads of agreement (HOA) with Qatari Diar Real Estate Investment Company (QD) for a proposed hotel development in Paris, France. ...more

IHG Announces Crowne Plaza Hotel Coming to the Heart of Illinois
Bloomington-Normal hotel boasts over 9,000 square feet of meeting and banquet space ...more

Sino Express Travel Announces New Property Development in Chengdu, China
Sino Express Travel Limited (OTC:SXPT) announced that it has signed a Memorandum of Understanding to acquire a 1,445 square-meter property in Chengdu, Sichuan Province, China, for US$3,000,000. Sino plans to renovate the building into a suite hotel with restaurant and bar facilities. ...more

Rose Hall Resort & Spa Joins Hilton Hotels & Resorts
Jamaican Beachfront Resort Now Offers Guests Access to Exclusive Hilton Services and Benefits ...more

Ashford Hospitality Trust Invests in 23.9% IRR High Yield Hotel Portfolio Mezzanine Loan
Ashford Hospitality Trust, Inc. (NYSE: AHT) today announced that it has acquired a mezzanine loan participation secured by interests in 681 extended-stay hotels recently purchased by affiliates of Lightstone Group and Arbor Realty Trust. Funding for the acquisition is being provided by ongoing asset sales. ...more

Langham Hotels International Signs Management Agreement for Boutique Vineyard Resort + Spa In New Zealand
Langham Hotels International (LHI) has signed a new management agreement which takes Langham Place, a sister brand of The Langham, outside Asia. The luxury hotel operator will manage the five-star boutique Vineyard Resort + Spa on behalf of Isola Estate on Waiheke Island, an exclusive enclave 30 minutes off the coast of Auckland, New Zealand, which will open in 2010. ...more

Shamrock-Hostmark Hotel Fund Successfully Completes its First Asset Sale
The Shamrock-Hostmark Hotel Fund, LP, announced the sale of a SpringHill Suites by Marriott located in Miami, Florida. The transaction took place on June 30, 2008. ...more

IHG announces four new hotel openings in port Ghalib Resort, Egypt after being awarded management contract
IHG announces that Sovereign Hospitality Holdings, owned by M.A. Kharafi Group of Kuwait, has awarded IHG the exclusive management contract for Port Ghalib Resort, in Marsa Alam, Egypt. ...more

Chateau in France For Sale
This private luxury hotel, a former 19th century hunting lodge - set in the idyllic splendour of a 100-acre woodland park, is located in the Burgundy countryside close to Dijon, France. ...more

Historic B&B in Belgium For Sale
This beautiful mansion is located in Belgium, near to Brussels, Antwerp, Aachen, Maastricht in a tourism area, totally rebuild, renovated and refurnished in 2007-2008. ...more

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