When it comes to hotel development across Africa, Egypt and Marriott are the two phenomena to watch. This insight comes from this year’s African Hotel Chain Development Pipeline report, widely acknowledged as the industry’s most authoritative source, documenting and analysing the number of hotels being planned and built across the continent.
PMZ Realty Capital arranges acquisition financing for courtyard by Marriott
PMZ Realty Capital LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, announced today that it arranged acquisition financing for the Courtyard by Marriott Austin – University Area located in Austin, Texas. The $20.75M non-recourse acquisition loan with a flexible floating rate priced over SOFR was provided by a portfolio lender to cover 73% of the overall total project costs.
Marriott International reports fourth quarter and full year 2022 results
Marriott International, Inc. today reported fourth quarter and full year 2022 results.
Marriott, Hilton, and IHG close Q4 2022 with largest projects counts
As reported in the fourth quarter United States Construction Pipeline Trend Report from Lodging Econometrics (LE) for 2022, the franchise companies with the largest construction pipelines at the end of Q4 are led by Marriott International (Marriott) with 1,490 projects/180,113 rooms. Following Marriott is Hilton Worldwide (Hilton) with 1,378 projects/154,790 rooms and InterContinental Hotels Group (IHG) with 789 projects/78,951 rooms. Combined, these three companies account for 67% of the projects and 64% of the rooms in the total pipeline.
W Hotels ushers in a new era of luxury lifestyle on the Greek Coast
W Hotels, part of Marriott Bonvoy’s portfolio of 30 extraordinary hotel brands, announced the opening of W Costa Navarino.
Marriott signs agreement with Vinpearl to add eight hotels in Vietnam
The agreement is set to strengthen Marriott International’s presence in Vietnam with the expected addition of more than 2,000 rooms to its existing portfolio.
Hospitality industry launches resource hub in united response to aid refugees
Sustainable Hospitality Alliance launches new guidance and resource hub for hotels seeking to support refugees and internally displaced people.
AC Hotels by Marriott unveils first hotel in Australia with the opening of AC Hotel by Marriott Melbourne Southbank
Located in one of Melbourne’s premier events, arts and entertainment precincts, the new hotel features 205 guest rooms and suites, signature dining, and an infinity pool and cocktail bar with sweeping views of the city skyline.
APAC hotel construction pipeline shows YOY growth
Hotel construction pipeline in the Asia Pacific region, excluding China, is up 7% by projects and 9% by rooms Year-Over-Year.
Marriott, Hilton, and IHG lead U.S. construction pipeline
These three companies combined account for 67% of the projects and 66% of the rooms in the total U.S. construction pipeline.