Supply is expected to outpace demand in the new year.
The company’s 14th brand will be introduced in six U.S. cities.
The transaction includes an initial investment of $215 million.
Cédric Gobilliard will head the new branch.
Occupancy will be up 5 percent with ADR increasing 3.2 percent in the first quarter of 2017.
The city has 190 projects and more than 31,000 guestrooms in development.
Kachindamoto will also receive a piece of custom artwork and a $2,000 donation to benefit 144 female students in her country.
The region currently has 513 projects and 136,683 guestrooms in development.
Jakarta, Kuala Lumpur, and Tokyo round out the top four non-Chinese cities with the most robust pipelines.
Penner served on the Cornell University faculty for more than 40 years.
The brand is slated to launch 10,000 outposts by 2020.
The city currently has 18,229 rooms in its total pipeline.
The combined portfolio includes 188 hotels in 19 Latin American countries.
The $805 million deal more than doubles sbe’s hotel portfolio.
Registration will open in January.
Occupancy levels will remain high while ADR is expected to level off, according to CBRE.
Ray Chung will lead the newly expanded studio at the firm’s Manhattan office.
The Hamburg-based brand is also preparing to launch its new creative lab.
The deal includes the Honolulu brand’s 37 international properties.
This year’s estimated total of $6.6 billion signals an ongoing increase in spending over five years.
The Spanish brand is considering locations in its home country and abroad.
A 20-story Macau hotel will debut under the new banner in 2017.
The Patxi Mangado-designed Palacio de Congresos de Palma will be connected to the Meliá Palma Bay.
Located in the company’s Toronto headquarters, the space includes various collaborative and creative spaces as well as 3D cardboard guestroom replicas.
Magnus Rösman will lead the Swedish-based firm.
Schindler was head of the family-run company since 1981.
The deal adds four existing properties in the U.S. and Canada to the brand portfolio.
The boutique brand is led by W.A. “Chip” Headley, III and Bryan Guillot.
Lodging Econometrics Reports Dubai, Riyadh, and Doha Hold Largest Middle East Construction PipelinesSep 28, 2016 • Business
The three cities collectively represent 210 projects and 52,575 guestrooms.
The lifestyle offering will aim to connect guests through meaningful, localized experiences.
The Millennial-focused concept will unveil its first 50 properties by 2020.
Two Roads Hospitality is led by Jamie Sabatier and Niki Leondakis.
Starwood will cease trading this Friday, September 23rd.
The last-minute proposal could jeopardize sbe’s $82 million offer.
The $23 million transaction expands Red Lion’s portfolio to more than 1,100 hotels.
The partnership includes a $250 million investment for new developments.
Information sessions kick off this month in London and Miami.
The Hotel Horizons report shows increases in occupancy and a residual 3.6-percent RevPAR gain.
The firm’s founders collaborated on the book with Dan Shaw of the New York Times.
It is a 4-percent increase from 2015.
LA has 36 projects with 6,343 guestrooms in the early planning stages according to Lodging Econometrics.
The city currently holds a pipeline of 128 projects and 15,682 guestrooms according to Lodging Econometrics.
Review by the Chinese Ministry of Commerce is expected to take an additional 60 days.
The latest Lodging Econometrics report indicates 15 straight quarters of pipeline growth.
The $154-million transaction also includes an additional $5.8 million in capital expenditures.
The combined companies now boast a portfolio of nearly 60 properties across four countries.
The creative partnership will develop branded characters and artwork for hospitality and retail spaces.
Data indicates that the national market remains active despite a slowdown in the first quarter of 2016.
The collaboration will develop enhanced service and spaces for entrepreneurial travelers.
The #STARWOODPROUD campaign coincides with the company’s impending acquisition by Marriott.
The worldwide pipeline includes 11,196 projects and 1.9 million rooms.
The merger is expected to close next month.
The investment is part of a three-year modernization plan.
A five-year regional recession has led to drops in commodity prices and consumer spending.
PwCs estimates hotel demand will decelerate in 2017.
Lodging Econometrics reports 673 projects and 72,747 guestrooms in development.
Project development has increased for 14 consecutive quarters.
The JLL report also indicates branded properties will surpass independent projects by 2025.
Kohri’s backlit mural debuted at the MGM Grand during HD Expo.
The sbe subsidiary will take the reins of major brands like Katsuya and Umami Burger.
The first hotel project will be the Hyde Resort & Residences Coachella Valley.
The lifestyle hospitality brand will acquire the company’s 13 hotels and three restaurants.
The company will continue to expand its third-party management model.
The simple customization tool offers designers control over color, pattern, and repeat.
Data conversely shows occupancy increased in 18 of the top 25 markets.
The deal also includes a majority stake in Rezidor Hotel Group AB.
Bobertz previously served at the Witkoff Group.
Caspall will oversee the creative development of domestic and global projects.
The U.S. was the only top-ranked country to see a rise in the number of projects last year.
The brands will collaborate on the rental company’s international expansion goals.
The announcement leads the way for Marriott International to move forward with its purchase.
The architect launched the firm’s offices in Singapore and Shanghai in 2012.
The former PSL president co-founded NEWH in 1984.
The iconic architect's work includes the London Olympic Aquatic Centre.
The consortium led by the Beijing-based company raised the price to $82.75 per share.
The amended merger agreement improves Marriott’s offer from $13.2 billion to $13.6 billion.
The inaugural study reveals travelers seeking emotional connections to historic hotels and locations.
Marriott International will have a chance to make a counteroffer on its original merger bid.
According to a JLL report, Mexico received approximately 32.1 million visitors in 2015.
The move marks Rezidor’s entry into the economy market.
The two firms will invest $500 million in the Spanish hospitality market.
Blackstone Group agreed to sell the 16-hotel portfolio for $6.5 million.
The takeover proposal comes in the midst of merger negotiations with Marriott International.
CBRE Hotels’ Americas Research reported the findings in the March to May 2016 edition of Hotel Horizons.
Waldorf Astoria ranked first on Facebook, the Ritz-Carlton first on Twitter, and Hilton first on Instagram.
According to an HVS report, transaction volume totaled $26 billion, with the UK being the strongest performer.
The brand will consist of upper-upscale and luxury properties.
The company has acquired a 49 percent stake in Squarebreak, and a 30 percent stake in Oasis Collections.
The historic property is located in Manchester, Vermont.
UAE-based Al Habtoor Investment bought the Vienna property for $78.8 million.
The combined offices will create one of the largest design firms in Chicago.
Well-designed hotels with updated amenities attracted guests, survey says.
The Hong Kong-based firm also appointed a new leadership team to run it.
Estimates come from a study conducted by CBRE Hotels’ Americas Research.
PKF Consulting USA, PKF Hospitality Research, and PKF Consulting will all become part of CBRE Hotel Group.
Markets in secondary cities are expected to boom.
The lifestyle brand includes six properties open or under development.
The combined company will manage more than 90 properties in seven countries.
The number of hosts renting out multiple properties on Airbnb is growing.
The merged firms will provide services for both restaurant and hotel design.