Development

In adherence to the guidance of the Centers for Disease Control and Prevention and evolving restrictions from state and local governments in response to the coronavirus pandemic, LEGOLAND New York Resort and parent company Merlin Entertainments regret to announce the postponement of the Resort opening until 2021.

The luxurious Ritz hotel in London has been sold to a Qatari investor, prompting Frederick Barclay to threaten legal action as the feud over the family’s billions in assets deepens.

The property will take center stage in the heart of this master-planned district, as part of a large complex also featuring a high-end shopping mall and an office tower.

Global real estate advisor, CBRE, has advised CIMC Capital Ltd. (CIMC) on the sale of Hampton by Hilton at Bristol Airport for over £24m to Ability Group.

Radisson Hotel Group announced the signing of the Radisson Resort Dubai Palm Jumeirah, its first beach resort in Dubai and third Radisson hotel in the United Arab Emirates, bringing its UAE portfolio to 23 hotels in operation and under development.

The 378-room DoubleTree overlooks Berkeley Marina with views of the San Francisco Bay. The hotel is a 10-minute drive from University of California Berkeley and provides free shuttle service to the closest BART station and Tideline Ferry for quick trips into San Francisco.

Waramaug Hospitality announced today that it acquired the Castle Hotel, Autograph Collection, located in Orlando, Florida.

Existing property undergoing 18-month transformation

Grand Hyatt Miami Beach set to open in 2023 and enhance Miami Beach’s Convention Center District with new public spaces, improved connectivity, and privately funded infrastructure and resiliency upgrades

Accor announces today that it has completed the sale of an 85.8% stake in Orbis to AccorInvest for an amount of €1.06 billion. In this very same week, the Group has also completed the sale of Mövenpick hotels’ lease portfolio with a €430m positive impact on net debt.