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Conrad Hotels to Open in Qatar

Conrad Hotels to Open in Qatar

DOHA, Qatar—Conrad Hotels & Resorts, Hilton Worldwide’s luxury hotel portfolio, has announced the signing of a management agreement with Assets Real Estate Development Company for the 325 guestroom Conrad Doha, expected to open in early 2019. Carlos Khneisser, vice president ...

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New Lexington Hotel to Open in South Korea

New Lexington Hotel to Open in South Korea

CLEVELAND—Vantage Hotels’ Lexington brand continues to grow in South Korea with the addition of a 342-room new-construction project in Gangneung. The property, which is expected to open in December 2017, will be a full-service hotel and carry Vantage’s Value Hotel ...

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Boston Marathon Bumps Hotel Rates

Boston Marathon Bumps Hotel Rates

BOSTON—Distance runners and their accompanying cheerleaders who are looking for a hotel room in Boston for the marathon next Monday might have to spend a lot more than expected. According to a new survey conducted by BostonHotels.org, hotels are increasing ...

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Red Roof Reaches Nearly 450 Locations

Red Roof Reaches Nearly 450 Locations

COLUMBUS, Ohio—Red Roof’s business continued to grow in 2015 reaching a total of almost 450 locations and adding 88 new franchisees, a 22 percent increase. With development deals in Brazil, Canada, and Thailand and a total of 69 new deals ...

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Flexible Models Ease Leisure Companies’ Cuban Market Entry

Flexible Models Ease Leisure Companies’ Cuban Market Entry

NEW YORK—Flexible and less capital-intensive business models should facilitate U.S. leisure companies’, including cruise operators, hotels, and online travel agencies (OTAs), Cuban market entry following renewed U.S./Cuba diplomatic relations, according to Fitch Ratings. Several companies are laying the groundwork for ...

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Stonehill Projects Record Year in Transaction Activity

Stonehill Projects Record Year in Transaction Activity

Stonehill Strategic Capital hit a record high in the first quarter, closing approximately $190 million in hotel financing. That follows a strong 2015, in which the Atlanta-based direct lender executed on 23 transactions. With a substantial number of projects already ...

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