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2008-01-28 Hotel Development News

Development

Three Rivers Hospitality, LLC Adds Five Hotels to its Management Portfolio
Result of a new contract with Executive Hotel Group, LLC ...more

Rezidor Announces 2nd Hotel for Sandton, Johannesburg
The Rezidor Hotel Group (STO:REZT) announces its second hotel for Sandton, Johannesburg complementing the Radisson Hotel Sandton which is due to open in late 2008: The Park Inn Sandton featuring 192 rooms will welcome its first guests in April 2010. ...more

Wyndham Vacation Ownership Acquires The Royal Garden Hotel & Spa in Waikiki, Hawaii
Wyndham Vacation Ownership, the world's largest vacation ownership company and a member of the Wyndham Worldwide family of companies (NYSE: WYN), today announced the acquisition of The Royal Garden Hotel and Spa in Waikiki, Hawaii from The Royal Hotel & Spa, LLC. Terms of the deal were not disclosed. ...more

Radisson Hotels Latin America Signs Three New Hotels
Two Hotels in Lima, Peru and a third in Panama ...more

AHDP Breaks Ground on Hilton Head Candlewood Suites
American Hotel Development Partners, LLC and Glenmont Capital Management, LLC announced today that they have broken ground on their Candlewood Suites Hotel project located in Bluffton/Hilton Head Island, South Carolina. ...more

Starwood Hotels Signs Agreement to Sell Select Italian Assets to EST Capital
Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) has signed a binding agreement to sell certain of its assets in Venice Lido and Asolo Italy to EST Capital for 156 million Euros or approximately $229 million, subject to certain adjustments. ...more

Conrad Expands Luxury Portfolio in China
Conrad Beijing to Open in Prestigious Business District ...more

Interstate Hotels & Resorts Signs Agreement to Manage Bourbon Orleans in New Orleans
Interstate Hotels & Resorts (NYSE:IHR) announced that it has signed an agreement to manage the historic Bourbon Orleans hotel, in the heart of New Orleans' French Quarter. ...more

Marshall Management Announces Four New Contracts
Company Acquires Three of Four in Last Quarter of 2007, Closing Out Record Year ...more

Crescent Hotels & Resorts Announces Second Fund, Seeks to Add $600 Million in Hotels in 2008
Company Acquired $400 Million in 2007 ...more

IHG signs development agreement in UAE Capital with Aldar Properties
InterContinental Hotels Group (IHG) and ALDAR Properties have signed a Development Agreement detailing a strategic partnership between the two companies which will result in the development of a number of new IHG-branded hotels in Abu Dhabi. ...more

Mövenpick Hotels & Resorts Moves Into Vietnam For The First Time
In its takeover of two City Hotels in Ho Chi Minh and Hanoi, Vietnam, the Swiss premium hotel group has taken another major step in its expansion in Asia. The relevant management agreements have just been signed with the owning company VinaCapital Hospitality Co. Ltd. The agreement covers two existing 5-star hotels, which are set to open under Mövenpick Hotels & Resorts management by the end of 2008 after a period of extensive renovations. ...more

InterContinental to Develop InterContinental Doha West Bay in Qatar
InterContinental Hotels & Resorts has signed an agreement with H.E. Mohammed Bin Ajaj Al-Kubaisi to develop InterContinental Doha West Bay in Qatar. ...more

Accor Launches Pullman Hotels in Asia Pacific
New upscale brand targets 100 hotels in Asia Pacific by 2015 ...more

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