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Lexington by Vantage Opens Klapa Resort in Bali

Lexington by Vantage Opens Klapa Resort in Bali

CLEVELAND—Lexington by Vantage has opened the 122-room Lexington Klapa Resort, which is the brand’s second property in the Pecatu Indah Resort area of Bali, Indonesia. Vantage Hospitality Group first entered Bali in 2013 with the 266-room New Kuta Hotel, part ...

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Hotel Development Costs Escalating, HVS Survey Shows

Hotel Development Costs Escalating, HVS Survey Shows

Increases in development costs are affecting the feasibility of new hotel construction, according to the U.S. Hotel Development Cost Survey 2014/15 from HVS. Hotel construction costs have steadily escalated in the past three years in markets such as New York, ...

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Marriott Expects to Exceed One Million Rooms in 2015

Marriott Expects to Exceed One Million Rooms in 2015

DAVOS, SWITZERLAND, AND BETHESDA, Md.—Marriott International, Inc. said today that it expects its portfolio of hotels either open or under development to surpass one million rooms by the end of 2015. When open, the hotels under development will have generated ...

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Market Boasts Near Perfect Conditions for Development

Market Boasts Near Perfect Conditions for Development

Favorable economic conditions, record-setting operating metrics, and a positive outlook for the next few years have combined to make this an opportune time for hotel developers. The hotel construction pipeline surged forward to a five-year high in Q3 with 3,516 ...

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