Accor, in partnership with Erth Real Estate Company, today announced that it will open three new hotels in Riyadh, Kingdom of Saudi Arabia, as part of a new master planned development project.
Appeared first on: hotelnewsresource.com
The Hotel Portsmouth opens after redesign
Lark Hotels, the lifestyle hotel company with boutique properties in destinations throughout the U.S., has reopened flagship Portsmouth, NH property, The Hotel Portsmouth. Originally built in 1881 by ship merchant and businessman John E. Sise, the hotel is a classic example of Queen Anne Victorian architecture and served as one of the port city’s first independent lodging … [Read More...]
LE: APEC construction pipeline breaks all-time record
According to the Q1 2024 Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total pipeline in the Asia-Pacific region, excluding China, (APEC) reached a record-breaking project total of 2,021 projects/402,312 rooms. This new all-time high represents a 7% year-over-year (YOY) increase in projects and a 2% YOY increase in rooms. At the close of the first quarter, there are … [Read More...]
Oliver Hospitality names Chett Abramson president
Nashville-based hospitality development and management company Oliver Hospitality has appointed Chett Abramson as president. He brings three decades of senior leadership experience to the company, with his background in hotel, food and beverage operations. Previously serving as COO, Abramson played a pivotal role in Oliver Hospitality’s expansion and operational efficiency, according to the … [Read More...]
Hunter Hotel Advisors arranges sale of Boston-area hotels
Hunter Hotel Advisors has arranged the sale of the Hampton Inn Boston/Peabody and Homewood Suites by Hilton Boston-Peabody to Giri Bar Harbor Kebo Inc. and Giri Peabody 57 LLC, respectively. Hunter SVPs Spencer Davidson and Sophia Pittaluga represented the institutional seller. Offering a combined total of 205 keys, the two adjacent properties are positioned along US-1 near the intersection of … [Read More...]
Hyatt reports Q1 global RevPAR increased 5.5%
Hyatt Hotels Corporation, for the first quarter ended March 31, reported comparable systemwide hotel RevPAR increased 5.5% compared to the same period in 2023. In the U.S., RevPAR was up approximately 2%, excluding the impact of Easter. “The year is off to a great start with gross fee revenue reaching a record of $262 million in the quarter,” said Mark S. Hoplamazian, president/CEO, … [Read More...]