Hotel Industry News
Tampa EDITION Hotel Announced
Strategic Property Partners, LLC last week announced plans to bring Marriott International's brand, EDITION, to Tampa. The 173-room hotel will be part of a 26-story tower in the heart of the Water Street Tampa neighborhood, which will also feature a newly built JW Marriott planned to open the prior year.
2018 Canadian Hotel Investment Report (PDF Download)
Solid economic and financing conditions, an all-time high in tourist arrivals, and favorable hotel supply/demand dynamics supported near record transaction volume in 2017 of $3.5 billion. Canada continued to be a natural destination for global capital with foreign buyers investing more than $1.35 billion into Canadian lodging real estate.
IHG Annouces Two New Hotels in Egypt
IHG (InterContinental Hotels Group) announced the signing of two new hotels in Giza, Egypt - Holiday Inn Giza Sun Capital and Staybridge Suites Giza Sun Capital, in partnership with Arabia Hotels, a subsidiary of Arabia Holding.
Radisson RED Hotel Coming to Reykjavik
Rezidor Hotel Group AB (REZT), publicly listed on Nasdaq Stockholm, Sweden and part of Radisson Hotel Group, announced the signing of the first ever Radisson RED in the Nordics, scheduled to open in Iceland's capital, Reykjavik, by 2020.