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2008-02-11 Hotel Development News

Development

Rezidor Announces 3 New Hotels in Belarus, Libya and Germany
The Rezidor Hotel Group (STO:REZT) announces three new hotels in EMEA - the Radisson Olympic Hotel, Minsk, Republic of Belarus (241 rooms), the Radisson Tripoli, Libya (333 rooms) and the Park Inn Weimar, Germany (194 rooms). All together, the properties add 768 rooms to the Rezidor system. ...more

New Hotel Brand - 'purplehotels' Opens in Scotland
The Real Hotel Company launches its first Scottish hotel for its new brand of purplehotels on 7th February with the 103-bedroom purplehotel Glasgow/ Airport. ...more

Interstate Hotels & Resorts and JV Partner, Harte Holdings of Ireland, Complete Acquisition of Four-hotel Portfolio from Blackstone for $208 Million
Interstate Hotels & Resorts (NYSE:IHR) today announced that its joint venture with Harte Holdings of Cork, Ireland, has completed the previously announced acquisition of four hotels from affiliates of The Blackstone Group for an aggregate price of $207.8 million. ...more

HEI's Development Projects Collectively Surpass Half-Billion Dollar Mark
Selective Investment in Development is Key Strategy for Leading Owner/Operator ...more

MGM Grand Detroit Named 'Development of the Year 2007' by Americas Lodging Investment Summit
MGM Grand Detroit is an $800-million destination from MGM MIRAGE and is the first and only downtown Detroit hotel, gaming and entertainment destination built from the ground up. It is also the first-ever Las Vegas-style destination to open in a major metropolitan center. ...more

Anantara Resorts to manage two unique five-star resorts in Abu Dhabi, UAE
Anantara Resorts Announces Further Development in the Middle East ...more

Crowne Plaza to Bring 386-Room Asian-Themed Hotel & Casino to Las Vegas
IHG Announces Crowne Plaza New Build In Las Vegas ...more

Third Hotel Indigo in Chicago Market Coming to Vernon Hills
Hotel Indigo is bringing its third property to the Chicago area. After a $4.5 million renovation and conversion from an AmeriSuites hotel, the Hotel Indigo Vernon Hills is scheduled to open in early spring. The hotel will be located in scenic Lake County in Vernon Hills, a suburb of Chicago, with easy access to the downtown area and O'Hare International Airport. ...more

Broughton Hospitality Group Purchases The Springs Hotel & Spa in Palm Springs, CA
Broughton Hospitality Group (BHG), the Newport Beach, CA-based hospitality management and development organization, announced today that it has closed escrow on the multi-million dollar purchase of The Springs Hotel & Spa, located in downtown Palm Springs, CA. ...more

National Hospitality Holdings and CMS Companies Form Joint Venture to Acquire Upscale to Luxury Hotels and Resorts
NHH's newest division will focus on opportunistic buying opportunities in hospitality ...more

Davidson Eyes University-related Hotels as Growth Vehicle
Company Will Selectively Expand Collection of Five University-Related Properties ...more

Rezidor Announces the 3rd Park Inn in St. Petersburg
The Park Inn St. Petersburg, Nevsky Prospekt is expected to welcome the first guests in February 2009 and adds 246 rooms to the system. ...more

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