News

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Best Western® Hotels & Resorts Signs Vietnam Seafront Resort on Phú Quốc Island

Best Western Hotels & Resorts has signed a license agreement on a new beachfront resort in Phu Quoc, the island off Vietnam’s south coast. In July, Best Western signed a license agreement with Vietnam’s CEO Group for the new Best Western Premier Sonasea Phu Quoc on the coast of the Gulf of Thailand. The 565-guestroom hotel and resort is scheduled to open in January 2019.

Best Western's First Dual-Brand Hotel

Best Western Hotels & Resorts has been watching other hotel companies find success with dual-branded properties, and bided its time until the right opportunity came about to throw its hat in the ring. Now, the Best Western Plus Elk City/Executive Residency is open in Elk City, Okla., marking Best Western’s first ever ground-up, dual-brand hotel.

Brazil's hotel supply has boomed, but demand may not keep up

The attention Rio de Janeiro and Brazil, overall, have received over the past several years since winning bids to host the recently concluded summer Olympics and the 2014 FIFA World Cup has driven significant travel and hotel development. But now that both sporting events are in the past, and with medical and security issues generating negative travel attention around the world, Brazil’s hospitality future is murky.

Chinese Investment Trends in U.S. Hotel Real Estate

Investment from Chinese companies in U.S. hotels has been a growing trend for years, and shows no sign of slowing down. HVS' new report, Chinese Investment Trends in U.S. Hotel Real Estate, offers six simple reasons why American hotels are so attractive for Chinese investors.

Chinese Seek Safe Haven Investments

Investors based in mainland China are looking for markets perceived to be "safe havens," according to results of the 2016 Chinese Outbound Investor Intentions Survey released by DTZ/Cushman & Wakefield.

Choice Hotels Grows European Footprint with Three New Hotels

Choice Hotels International, Inc. (NYSE: CHH), announced three new additions to its European portfolio: Hotel Aquarius Venice and V8 Hotel Köln @Motorworld, both members of the Ascend Hotel Collection located in Venice, Italy and Cologne, Germany, respectively, and Quality Hotel Ostrava, the first Quality-branded hotel to open in the Czech Republic.

Dual-Brand Marriott Property Arrives in Florida

CLEARWATER BEACH, FL—Real estate investment and development company Key International has opened a new Marriott dual-branded Residence Inn—140 suites—and SpringHill Suites Clearwater Beach—115 suites here. LBA Hospitality will oversee the properties.