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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,...

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...

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...

Noble Investment Group Breaks Ground on AC Hotel Buckhead

ATLANTA—Noble Investment Group has announced they have broken ground on the AC Hotel Buckhead, a joint venture with Simon. The AC Hotel Buckhead will...

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...