This is the archive for June 2007
Le Meridien Amman in Jordan holds spectacular relaunch after $15 million renovation
Spectacular carnival unveils the multi-million dollar transformation of Le Meridien Amman, Jordan: After a year and a half of renovations and approximately $15 million dollars investment, Le Meridien Amman lit up its façade and held a spectacular carnival to unveil the luxuriously renovated guest rooms and suites of one of Amman’s long established and most popular hotels.
06/25/07 |
Posted by JJ | Category Development
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Lightstone Group closes acquisition of Extended Stay Hotels from Blackstone Group for $8 billion
Eric Peterson reports...
"The Lightstone Group...has closed on its acquisition of Extended Stay Hotels from affiliates of the Blackstone Group for $8 billion...For that $8 billion, the Lightstone affiliate is getting the largest owner of mid-price extended-stay hotels in the US, with 687 hotels and approximately 76,000 rooms in 44 states and Canada. The company currently operates under five brands in the extended-stay segment: Extended Stay Deluxe, Extended Stay America, Homestead Studio Suites, StudioPlus and Crossland."
06/13/07 |
Posted by JJ | Category Development
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Hilton Hotels Corporation has 55 new hotels in development pipeline by 2012
Hilton Hotels Corporation Announces Three Major Development Alliances Deals Will Facilitate Opening Approximately 55 New Hotels in Key Markets Through 2012
LONDON & BEVERLY HILLS, Calif.--(BUSINESS WIRE)--June 4, 2007--Hilton Hotels Corporation (NYSE:HLT) today announced that the company will form three major development alliances with the intention to introduce more than 15 new hotels in the Caribbean and Central America, 25 hotels in Russia and at least 15 hotels in the U.K. throughout the next five years.
06/05/07 |
Posted by JJ | Category Development
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Barry Sternlicht's "1" Hotels and Residences to launch in New York City in 2010
PR Newswire and Hotels Magazine report that "New York City's First Environmentally Friendly Five-Star Hotel to Debut at Bryant Park;
"1" Hotel and Residences to Open in a New, Mixed-Use "Green" Building Across from One of NYC's Most Cherished Public Spaces in 2010"
Starwood Capital Group today announced that the recently launched "1" Hotel and Residences, the world's first luxury, eco-friendly global hotel brand, will open New York City's first five-star green hotel on West 40th Street in Manhattan, across from Bryant Park. The "1" Hotel and Residences will be part of a proposed 31-story mixed-use green tower being developed by 40th Street Development, LLC, an affiliate of Ascent Real Estate Advisors, LLC, of New York. The new luxury project, which will also feature condominium residences and dining concepts developed by restaurateur Stephen Hanson, will be a green project built to LEED (Leadership in Energy and Environmental Design) Standards.
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06/05/07 |
Posted by JJ | Category Development
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Middle East Hotels and Tourism - $3.39 Trillion to be invested by 2020
"MENAFN Press) Dubai, 3rd June 2007 - The Middle East Hotel Outlook 2020, an update of the groundbreaking Global Futures and Foresight (GFF) research study on the Future of Travel and Tourism in the Middle East, was unveiled during The Hotel Show, today. According to the study, which covers 13 Middle Eastern countries, over US$3.39 trillion will be invested in regional hotels and supporting infrastructure by 2020. The study, which is taking a 'futures' perspective on the trends and drivers shaping travel and tourism in the region to 2020 and beyond has identified plans to add at least 750,000 hotel rooms to the hospitality landscape from Egypt to Iran. They found projected construction costs for the most recent announcements from over 30 developers, investors and operators vary from US$100,000 to US$2.3m per room. "The research draws on a range of methods to explore potential scenarios, challenges and opportunities for regional travel and tourism and provides practical advice on how players in the sector can factor these insights into their planning," said Rohit Talwar, Joint CEO of GFF and co-author of the study."
Source:
HOTELS magazine
06/05/07 |
Posted by JJ | Category Development
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Starwood announces plans to open 420 Hotels around the world
Starwood Hotels Leads the Hospitality Industry with Its Record-Setting Global Hotel Pipeline:
Ramping Up Its International Expansion, Starwood Announces Plans to Open 420 Hotels Around the World
Hot on the heels of its record-breaking success in 2006, Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announces that it anticipates executing 200 new deals and opening more than 80 new hotels in 2007, almost doubling the number of properties the company opened last year. Underscoring the company's aggressive portfolio expansion across all nine of its brands, Starwood currently boasts a global pipeline of approximately 420 hotels and more than 100,000 rooms. Starwood has also taken the lead in the upper upscale and luxury segments, with 38 percent of the hotels and rooms in the industry pipeline, according to Smith Travel Report.
06/05/07 |
Posted by JJ | Category Development
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