Home / Finance + Development / Development (page 5)

Category Archives: Development

Feed Subscription

Delta Toronto Hotel to Open in November

Delta Toronto Hotel to Open in November

TORONTO, Ontario—Delta Hotels and Resorts’ new Toronto property has entered its final phases of construction and remains on schedule to open at the end of November 2014. In four months, Toronto will gain a brand new four-star hotel in the ...

Read More »

Ashford Completes Acquisition of Fremont Marriott Silicon Valley

Ashford Completes Acquisition of Fremont Marriott Silicon Valley

DALLAS—Ashford Hospitality Trust Inc. has completed the previously-announced acquisition of the 357-room Fremont Marriott Silicon Valley hotel for a total consideration of $50 million ($140,000 per key), which is approximately 45 percent below estimated replacement cost. The transaction was funded ...

Read More »

Noble Acquires Hyatt Place Houston Sugar Land

Noble Acquires Hyatt Place Houston Sugar Land

HOUSTON—Noble Investment Group today announced the acquisition of Hyatt Place Houston Sugar Land. The hotel, which opened in 2010, is located in the prominent Sugar Land area, which is southwest of downtown Houston. “The Houston MSA continues to be a ...

Read More »

IHG Signs Nine Hotel Indigo Agreements

IHG Signs Nine Hotel Indigo Agreements

ATLANTA—InterContinental Hotels Group (IHG) announces the continued expansion of its Hotel Indigo brand in top-tier markets across the United States, with nine signings in the first seven months of 2014. The hotels will be located from the East Coast to ...

Read More »

Hyatt Completes Acquisition of Park Hyatt New York

Hyatt Completes Acquisition of Park Hyatt New York

CHICAGO—Hyatt Hotels Corporation has announced that a wholly owned Hyatt subsidiary acquired 100 percent of the 210-room Park Hyatt New York for approximately $390 million, inclusive of pre-opening and related costs. Park Hyatt New York is expected to open later ...

Read More »
Scroll To Top