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The latest hotel venture to be launched by Steigenberger Hotels & Resorts is located close to the Pyramids of Gizeh and the new Grand Egyptian Museum and will open for business this week.
Simon today announced it has commenced construction to bring the AC Hotel by Marriott brand to Sawgrass Mills, the largest outlet and value retail shopping destination in the United States. The 174-room hotel is expected to open in late 2020 a timeframe that would coincide with the shopping center's 30th anniversary.
Six Senses Hotels Resorts Spas announced the appointment of Dant Hirsch as general manager of Six Senses New York, the group's first North American property which is currently under development and scheduled to open in 2020.
In Part II of this article, I discuss the importance of diving into local market comparable sales when facing an independent motel valuation. Equally important is knowing the markets prevalent RRM and sales price per key.
The first two UrCove hotels are expected to open in Shanghai and Beijing by late 2020.
The 275-room hotel is located on 6th Avenue, adjacent to the Hult Center and in close proximity to the University of Oregon.
Asia/Pacific hotel occupancy rose 0.4% to 68.5%, ADR grew 1.1% to $96.53 and RevPAR increased 1.5% to $66.15.
Extended partnership with The Venetian Resort Las Vegas also announced
European hotel occupancy rose 1.4% to 74.9% while ADR increased 2.9% to 116.38 ($102.17) and RevPAR grew 4.3% to 87.22 ($76.57).