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    Facebook to build its own hotel

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    According to reports in the Silicon Valley Business Journal, Facebook has unveiled plans to build its own California ‘village’ complete with social housing, retail stores and a hotel. Located on a corporate campus at Menlo Park, which Facebook bought in 2015 for roughly £300 million. There are also plans to build 1,500 new homes at […]

    LSH appointed to sell hotel development site in Leeds

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    Commercial property consultancy Lambert Smith Hampton (‘LSH’) has been appointed by Duff & Phelps to sell the freehold interest in the part-complete hotel at Portland Crescent near the Leeds Arena. The city centre development site has an existing planning consent and is on the market for offers in excess of £6 million. The 206-bedroom hotel […]

    Pestana announces new Pousadas de Portugal for the Algarve

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    Pestana Hotel Group will build a new Pousada de Portugal located in the historic centre of Vila Real de Santo António, in the most eastern area of the Algarve, thus continuing its investment in the Portuguese region. This investment will provide the historic heritage building with 57 rooms, 114 beds and create 30 new jobs. […]

    ATM 2017: Louvre Hotels announces future growth strategy

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    Louvre Hotels Group, one of the largest hospitality groups in the world, continues to shape its wider growth strategy in the Middle East and North Africa (MENA). Louvre Hotels is looking ahead to the opening of 10 new hotels in MENA by the end of 2017, which will add 1,600 keys to its current room […]

    HVMG announces 8 projects totalling $110 million

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    Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, has announced that the company has eight new and on-going renovation and construction projects, three of which were completed recently, totaling approximately $110 million. “HVMG offers a full suite of services for hotel owners that covers the entire spectrum of project […]

    Hotel plans as part of £360m Coventry development

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    Plans for a hotel and new restaurants in Coventry have been revealed as part of a £360m development at City Centre South. Coventry City Council has approved the appointment of the Shearer Property Group for the 818,000-sq-ft mixed-use development in January. The firm has already worked on schemes such as the Parkway shopping centre in […]

    Financing secured for Four Seasons Napa Valley

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    Photo: KELSEY HARRINGTON | C&R COMMUNICATIONS Bald Mountain Development and Alcion Ventures have announced $165 million (£134 million) in construction financing for the five-star Four Seasons Resort and Private Residences Napa Valley; slated to open early 2019. Initial site work has begun on the hotel and 20 two, three and four-bedroom residences with vertical construction […]

    London’s deepest hotel basement ‘bottoming-out’ ceremony

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    On 17th February, Edwardian Hotels London will celebrate the ‘bottoming-out’ of its bold new development in Leicester Square. The project, a four-sided island site, is to be transformed into a 350-room property, complete with leisure facilities, an Odeon cinema complex and a restaurant below ground. There will be an additional eight levels above ground. The […]

    New £24m ‘floating complex’ planned for Bristol

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    The Manor Property Group is planning on building a 125-bed luxury hotel and floating restaurant overlooking Bristol’s St Augustine’s Reach as part of a £24m development of the Bordeaux Quay area. The developer said it was “in discussions” with the Intercontinental Hotel Group-owned Hotel Indigo to launch a boutique hotel as part of a tourist […]

    Generation completes $215m hotel portfolio recapitalisation

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    In October, the Generation Companies, a Raleigh, North Carolina-based real estate developer, owner, asset manager and operator of extended-stay hotels, completed a $215 million (£172 million) recapitalisation of its hotel portfolio. The funding consolidates four Generation-led partnerships totaling 23 hotels into a new partnership formed between Generation and affiliates of StepStone Real Estate (SRE). The […]

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