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2008-04-21 Hotel Development News

Development

Construction of Wyndham Resort Begins at Lake Buena Vista, Fla.
Wyndham Hotels and Resorts today announced that construction of its 400-room luxury resort in the Bonnet Creek Resort complex adjacent to Walt Disney World(R) at Lake Buena Vista, Fla., which began this month, is expected to be completed by the first quarter of 2010. ...more

Molinaro Koger Arranges Sale of Chicago-area AmeriSuites to Noble Investment Group
Molinaro Koger (MK) announced today the firm's Chicago office facilitated the marketing and sale of the AmeriSuites hotel Chicago/Schaumburg, Illinois, on behalf of VK Suites a private investment firm affiliated with VK Development and based in Milwaukee, Wisconsin. ...more

Rezidor Signs 30th Hotel in CIS: Park Inn Kazan, Russia
The Rezidor Hotel Group (STO:RZT) reaches a new milestone in Russia & CIS - with the signing of the Park Inn Kazan (174 rooms, opening in Q2 2011) the company's portfolio of hotels in operation and under development now features 30 properties with almost 8,000 rooms. ...more

Construction Underway At Wyndham Vacation Resorts At National Harbor
Resort is Exclusive 250-Unit Upscale Vacation Ownership Resort at National Harbor Complex ...more

Interstate Hotels & Resorts Signs Agreement to Manage Its First Cambria Suites
Interstate Hotels & Resorts (NYSE:IHR) today announced that it has signed an agreement to manage the to-be-built, 143-room Cambria Suites near Atlanta's Hartsfield Jackson International Airport. ...more

aloft Breaks Ground in Jacksonville, Florida
aloft Jacksonville Airport will open in January of 2009 ...more

Carlson Hotels Worldwide Adds 11 Properties to its Global Portfolio in March
The new hotels include one Regent hotel and six Country Inn & Suites By Carlson(SM) hotels in the United States, three Radisson properties, with two in South America and one in Canada, and one Radisson SAS resort in the Ukraine. ...more

Doubletree by Hilton to Launch in Russia
Doubletree by Hilton Novosibirsk expected to open in Fall 2008 ...more

Optimum Hotel Brokerage Sells Kenilworth Inn in Kenilworth, New Jersey
Garden State Independent Boutique Sold to Multi-Unit Operator and Developer ...more

Leading Russian Hotel Chain AZIMUT Hotels Enters European Market
Central European Hotel Investment company (CEHI) a company owned by the Russian investor Alexander Klyachin, has acquired European operator Austrian Hotel Company (AHC) giving the investment firm its first hotels foothold in Europe and the opportunity to expand its 'AZIMUT Hotels' brand into the region. ...more

Fairmont Announces New Resort in Dominican Republic
Fairmont Roco Ki, anticipated to open in 2010, will join picturesque beachfront properties, tropical villas and The Faldo Legacy Golf Course. ...more

First ANA Crowne Plaza hotel to open in Japan's Niigata Prefecture
IHG ANA Hotels Group Japan and RINKO Corporation today announced the signing of a new hotel management contract, which will bring the ANA Crowne Plaza hotel brand to Niigata Prefecture for the first time, following a re-branding of the existing Hotel Niigata. ...more

Central Park Hotel in Rome no longer under Mövenpick Hotels & Resorts' Management
The Central Park Hotel in Rome is no longer part of the Mövenpick Hotels & Resorts' portfolio. The management contract between the owner company I.R.P.S. (Immobiliare Residenziale Pineta Sacchetti s.r.l.) and the international hotel chain based in Switzerland was terminated by mutual agreement on 1 April 2008. ...more

IHG to Open Crowne Plaza Near Milwaukee Airport
The hotel is expected to open in Q4 2008, following a complete interior and exterior renovation from the Ramada Inn and Conference Center. ...more

Industry Executives & Consultants Launch Niche Advisors
Joshua Miller and Sang Hwang have combined forty years of industry experience to form Niche Advisors, a consulting firm dedicated to providing specialty advisory services and asset management to the hospitality industry. ...more

Boyd Gaming and Olympia Group Form Joint Venture to Develop Proposed North Las Vegas Gaming Site
Boyd Gaming to Move North Las Vegas Casino Development Plans to Master-Planned Park Highlands Location ...more

Noble Investment Group Acquires AmeriSuites Hotel in Chicago/Schaumburg
Hotel will Undergo Major Transformation and Re-Open as Hyatt Place Chicago/Schaumburg ...more

Topping Out Ceremony for the New Peninsula Shanghai Marks the Return to Shanghai of Asia's Oldest Hotel Company
The topping out of the new Peninsula Shanghai was celebrated today by The Honourable Sir Michael Kadoorie, Mr Clement Kwok King Man and Mr Peter C. Borer (Chairman, Managing Director & Chief Executive Officer and Director & Chief Operating Officer respectively, The Hongkong and Shanghai Hotels, Limited) and Mr. David Wang Wei Xian and Mr Stones Tse (Chairman and Managing Director & Chief Executive Officer respectively, SPG Land (Holdings) Limited). ...more

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