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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. The post Construction underway on 97-key Nu By Yoo hotel in Melbourne appeared first on Hotel Management.

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Booking.com’s approach to the Digital Markets Act

Hospitality Net

Booking.com’s Chief Legal & Public Affairs Officer, Maria Rocha Barros, discusses the company’s approach to complying with the Digital Markets Act (DMA) after engaging in constructive dialogue with the European Commission and other stakeholders.

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Bob W exchanges contracts for 2,000 sq m aparthotel in Vienna as operator makes Austrian market debut

Hospitality Net

Construction has already started and the property is scheduled to welcome its first guests in 2025.Conveniently Conveniently located for guests to explore Vienna, the new Bob W property provides excellent public transport links to the rest of the city, including the many historic and cultural attractions and business districts.

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Exclusive: hotel market expansion to peak in next 12 months, says CBRE

Hotel Management

As part of HM’s 2023-24 Development Outlook, CBRE Hotels Managing Director – Capital Markets, Michael Simpson, and Pacific Head of Hotels Research, Ally McDade, discuss the challenges and opportunities that lie ahead in the Australian hotel market. Melbourne is the primary recipient of new room supply (35% of total).

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Exclusive: effective asset management ‘crucial’ amid complex operating environment, says JLL

Hotel Management

With supply having increased enough to accommodate future demand growth and dramatic rises in construction costs, many other mooted projects will be challenged to stack up. Owners and operators will need to adopt a defensive approach to asset management, maintaining a laser focus on their operating structures.

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Crystalbrook to enter fast-growing Adelaide market with $130 million new-build hotel

Hotel Management

Crystalbrook Collection is set to expand into the South Australia market following the signing of a AU$130 million new-build hotel in Adelaide’s CBD with local property developer, Samaras Group. Crystalbrook Collection has invested in excess of $1bn in Australia where we operate close to 2,000 rooms, including those under development.

Marketing 278
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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.

Market 122