Carlson Rezidor opens first dual-branded property in Norway
Carlson Rezidor Hotel Group launched the first dual-branded hotel in the Nordics region: the Radisson Blu Hotel, Oslo Alna and the Park Inn by Radisson Hotel & Conference Centre Oslo Alna.
The new hotel is situated in the district of Alna, which is said to be one of the most dynamic development areas in the Norwegian capital city.
The property features two hotels in a single building that jointly offer 348 rooms and suites, of which the upper upscale Radisson Blu features 142 rooms and the mid-market Park Inn by Radisson has 206 rooms.
Langham Hospitality earmarks $1.5bn as its eyes new acquisition targets
Langham Hospitality Group, a wholly-owned subsidiary of the Great Eagle Group, is said to have set aside $1.5bn for new acquisition targets this year as it looks to consolidate its position in the US and European markets.
As part of the plan, the hospitality group is seeking to acquire ten properties.
Upon successful completion, eight properties are expected to come under the Eaton brand, while two will be Langham hotels.
Concord Hospitality sells 13 US hotels for $240m
Raleigh-based Concord Hospitality Enterprises sold a portfolio of 13 premium-branded hotels a global investment fund for $240m.
The overall portfolio is comprised of a total of 1,650 rooms representing 11 Marriott and two Hilton-branded hotels.
The all-cash transaction also included a long-term management agreement with Concord’s hotel management team to continue operating the properties.
Alfardan Hospitality, Kempinski partner to build new hotel in Qatar
Alfardan Hospitality partnered with Kempinski Hotels to expand its hospitality portfolio in Qatar with the development of a new hotel, Marsa Malaz Kempinski – The Pearl, Doha.
Marsa Malaz Kempinski – The Pearl, Doha will overlook The Pearl, Qatar and the Arabian Gulf and will be a waterfront hotel destination in the region.
Slated to open later in the year, the new hotel will be a private island development spread across 500,000ft² and will offer five-star luxury service.
LaSalle Hotel Properties buys Hotel Vitale for $130m
Real estate investment firm LaSalle Hotel Properties acquired the Hotel Vitale in San Francisco, California, US, for $130m.
Located at 8 Mission Street at the intersection of the Embarcadero Waterfront and the financial district, the hotel is in close to the financial district and South of Market (SoMa) area.
Hotel Vitale has 200 guestrooms with an average area of 375ft² each, as well as eight suites.
Choice Hotels introduces Clarion and Quality brands in China
US-based hospitality group Choice Hotels International signed a development agreement with Boli Hotel Management Company to launch the first Clarion and Quality hotels in China.
The first hotel under the deal will open in the city of Hangzhou, with the brand planning to scale up its presence further.
Choice Hotels’ International Division senior vice president Mark Pearce said that with several Comfort Inn hotels already performing well in China, it is a natural step to introduce other Choice Hotels brands to the region.
Hard Rock International to open its first European property in Ibiza
Hard Rock International and Palladium Hotel Group will open Europe’s first Hard Rock Hotel in Ibiza on 18 May 2014.
The new hotel in the Balearic Islands will be a conversion of one of the Spanish hotel group’s Fiesta Hotels & Resorts branded properties.
Hard Rock Hotel Ibiza will be located on the Playa d’en Bossa. It will house 235 suites, a spa, a Body Rock workout facility, 8,600ft² of meeting space, music memorabilia and Rock Shop.
Carey Watermark buys Hyatt Place Austin Downtown hotel in US
Real estate investment firm Carey Watermark Investors Incorporated (CWI) acquired the Hyatt Place Austin Downtown hotel in Texas, US, for $87m.
Located near the Austin Convention Center at 211 East 3rd Street in the centre of downtown Austin, the hotel is two blocks away from the Sixth Street entertainment district, close to the State Capitol building and the University of Texas campus.
Built in 2013, the hotel has 296 rooms housed in a 17-floor building and is close to over 50 restaurants, in addition to the Austin-Bergstrom International Airport.