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Hotel Construction Increasing in the Middle East

PORTSMOUTH, NH—Analysts at Lodging Econometrics report that the total number of hotel construction projects in the Middle East is up 13 percent year over year (YOY), and currently at 561 projects/154,627 rooms. The number of rooms under construction is up ...

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Graduate Hotel Coming to Columbus, Ohio, in 2019

Graduate Hotel Coming to Columbus, Ohio, in 2019

Columbus, Ohio—Chicago-based AJ Capital Partners announced its plan to open Graduate Hotels’ newest location in Columbus, Ohio in the Spring of 2019. AJ Capital acquired the vacant former affordable housing complex, Bollinger Tower, in the city’s Short North neighborhood near ...

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European Hotel Construction Is Up 25 Percent

PORTSMOUTH, NH—Europe’s hotel construction pipeline has 1,186 projects and 185,799 rooms, up 25 percent by projects year-over-year (YOY), according to Lodging Econometrics. The number of projects under construction is up 32 percent since last year to 559 projects and 94,170 ...

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IHG Reveals New Midscale Brand—Avid Hotels

IHG Reveals New Midscale Brand—Avid Hotels

ATLANTA–InterContinental Hotels Group (IHG) has revealed the name of its new high-quality midscale brand—avid hotels—alongside a brand logo and renderings of the hotel exterior, public space, and guestrooms. First introduced to owners at the IHG Americas Conference in June, the ...

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Conrad Fort Lauderdale Beach Opens All-Suite Property

Conrad Fort Lauderdale Beach Opens All-Suite Property

FORT LAUDERDALE, Fla.—Conrad Fort Lauderdale Beach will be opening its doors this month as the second Conrad property to open in Florida. The 290 all-suite oceanfront resort situated on Fort Lauderdale’s exclusive North Beach will offer four dining and bar ...

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Irma Evacuations Create Performance Swings

A quarter of Florida’s population was ordered to evacuate in response to Hurricane Irma and some hotels will be out-of-operation for months. An STR analysis shows that room demand is fluctuating and bookings are mostly from media, volunteers, and government ...

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