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Construction underway on 97-key Nu By Yoo hotel in Melbourne

Hotel Management

Construction is underway on DCF Property Group’s $180 million First Light development in Melbourne’s Domain Precinct, which will be home to branded residences and the first Nu By Yoo hotel in Australia. Managed by La Vie Hotels and Resorts, the 97-key hotel will feature luxury accommodation and a signature food and beverage partner. “At

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Bridge launches ground-up construction lending program

Hotel Business

Bridge , a digital platform that connects middle-market developers with a network of debt capital providers, has launched its ground-up construction lending program, an in-house lending program designed to support construction and rehab projects for franchised hotels.

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Choice Celebrates Opening of Everhome Suites Glendale

Hospitality Net

This achievement underscores Choice’s rapid expansion and leadership in the economy and midscale extended stay market, powered by a playbook that helps drive revenue and lowers total cost of ownership with strategic new builds and targeted conversions that meet the increasing demand for accommodations of 7+ nights.

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An overview of hotel development in select convention center markets

Hotel Business

To accommodate demand, cities like Atlanta, Chicago, Dallas, Las Vegas, Los Angeles, Miami, New Orleans, New York City, Orlando and San Diego have an abundance of new hotel construction, renovation and brand conversion activity underway. Through Q3 2023, New York also has the most new construction starts of any market in the U.S.

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Exclusive: strong resurgence in New Zealand’s hotel market, JLL reports

Hotel Management

However, the emergence of certain market trends is reshaping the industry. Traditionally, peak seasons were concentrated around the summer months, but we are now witnessing a prevalent winter market. Construction costs continue to rise, making it increasingly difficult to secure new builds in the short-term.

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Exclusive: EVT takes Rydges to Fiji with new-build beachfront resort

Hotel Management

This partnership is an exciting development for Rydges and continues EVT Hotels and Resorts strategic focus on brand expansion, in both local and targeted international markets,” said Arundel. Fiji is a beautiful country with a rich heritage, a holiday climate and picturesque ocean views.

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Osborn House expands to 27 keys with addition of five luxury lodges

Hotel Management

Mason determined that an additional five rooms and the increased guest capacity would support the business to increase spa revenue by up to 30% and enter the all-inclusive segment, filling a gap in the market left by the (currently closed) One and Only Wolgan Valley resort. QCC Founder and Director, Caspar P.