The acquisition price of the recently renovated 510-room hotel was $154 million ($302,000 per key) and has been financed with $88 million of senior debt.
AccorHotels initiates project to turn HotelInvest into a subsidiary
The aim of the project is to strengthen AccorHotels’ financial resources in order to accelerate growth, while also providing a legal structure that will ultimately enable third-party investors to hold the majority of HotelInvest’s capital.
Construction begins on Marriott’s first triple-brand hotel in Nashville
The 470-room, $137 million hotel is expected to open mid-year in 2018.
New GM Seamus Coen to oversee £1million-plus facility upgrade at Belton Woods
Coen will bring more than 20 years’ industry experience to his new job at the venue.
Radisson Blu Hotel & Convention Center, Kigali now open
The complex incorporates the five-star Radisson Blu hotel with 292 rooms and conference facilities that can host more than 5,000 people.
Four Seasons and Mitsui Fudosan to open luxury hotel in Tokyo
Part of a mixed-use development, the hotel is set to open in the spring of 2020 with approximately 190 guest rooms.
Viceroy Bocas del Toro Panama to open in 2019
The destination will feature 186 modern guest rooms, including 42 overwater villas along 457 acres of coastline — with three miles of private white sand beaches.
V E Hotel & Residence Bangsar South opens in Kuala Lumpur
With 337 well-appointed deluxe and corner suite rooms along with 90 fully furnished one and two bedroom service residences, it is a timely addition to this thriving district in the heart of KL.
ME Miami marks brand’s debut in U.S.
The opening of ME Miami represents an exciting new chapter for the lifestyle brand, which has destinations in London, Madrid, Milan, Ibiza, Mallorca, Cabo, and Cancún.
Resorts of Mykonos opens Anax Resort & Spa
The family owned and operated Resorts of Mykonos has just opened its newest resort, the five star Anax Resort & Spa at Agios Ioannis beach.
