InterContinental San Antonio Riverwalk | San Antonio, Texas Part of IHG Hotels & Resorts’ 2024 development pipeline in Texas that includes 15 new properties across eight brands, the InterContinental San Antonio Riverwalk debuted this summer just steps away from its namesake attraction, as well as The Alamo, The Pearl, and La Villita Historic Village. Designed by Leo A Daly, the 21-story hotel blends mid-century architecture with modern finishes using natural materials that allude to San
AMMAN, Jordan—Hilton announced the signing of an agreement for a 272-key Signia by Hilton in Amman, Jordan. The signing marks the international debut of the brand and the first Signia property to be agreed outside the United States. Situated in downtown Amman, Jornda, the hotel will open in January 2025 and offer a convention center and meeting spaces, design, and cuisine. The hotel will be a 15-minute walk to Al Abdali Mall and Abdali Boulevard,
NexGen Hotels Acquires Fairfield Inn & Suites Fort Lauderdale Northwest
Category: Acquisitions, Finance & Development, Real Estate
TAMARAC, Florida—NexGen Hotels announced the acquisition of the Fairfield Inn & Suites by Marriott Fort Lauderdale Northwest. Located in Tamarac, Florida, the 120-room hotel will be managed by AD1 Global of Hollywood, Florida. The hotel is situated on the Colony Golf Course 12 miles from the Fort Lauderdale International Airport and offers access to HCA Florida Woodmont Hospital and University, the Sawgrass Mills Mall, Amerant Bank Arena, the Florida Panthers IceDen, the Tamarac Sports Complex,
CoStar: Thanksgiving Calendar Shift Positively Impacts U.S. Hotel Performance
Category: Finance & Development, Market Reports
WASHINGTON—Due to the Thanksgiving calendar shift, the U.S. hotel industry reported higher year-over-year performance comparisons, according to CoStar’s latest data through Nov. 23, 2024. U.S. Hotel PerformanceNovember 17-23, 2024Percentage change from comparable week in 2023Occupancy59.7 percent (up 20.7 percent)ADR$150.49 (up 8.6 percent)RevPAR$89.80 (up 31.1 percent) Among the Top 25 Markets, Seattle reported the largest year-over-year occupancy increase (up 62.9 percent to 76.7 percent). Chicago posted the highest lifts in ADR (up 43.8 percent to $181.36)
PM Hotel Group and Sightline Hospitality Find Common Ground and Join Forces
Category: Featured, Industry News, M&A
PM Hotel Group and Sightline Hospitality recently announced a strategic merger that will further the growth of PM Hotel Group’s lifestyle hotel division, Modus by PM Hotel Group, by integrating Sightline’s expertise in experiential travel and innovative property management. The new entity will continue to operate under the PM Hotel Group name. A shared history and cultural alignment between the two organizations paved the way for the merger, as PM Hotel Group President Joseph Bojanowski