Hotel

EQS-News: CPI PROPERTY GROUP publishes financial results for 2023

Retrieved on: 
Wednesday, April 10, 2024
WAULT, EUR, CPI, Growth, Capital expenditure, ICR, Environment, GSG, Hotel, Webcast, CEE, NAV, EPRA, Investment, LTV, FFO

CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading European landlord, hereby publishes audited financial results for the financial year ended 31 December 2023.

Key Points: 
  • CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading European landlord, hereby publishes audited financial results for the financial year ended 31 December 2023.
  • “CPIPG’s results in 2023 demonstrate the resilient and high-yielding nature of real estate in the CEE region,” said David Greenbaum, CEO.
  • The Group raised over €2.5 billion of secured and unsecured external financing in 2023, including €1.2 billion of fresh cash.
  • CPIPG will host a webcast in relation to its financial results for 2023.

The Executive Centre Unveils its Newest Centre at JP Tower in Tokyo, Japan

Retrieved on: 
Wednesday, March 20, 2024
Environment, Tokyo Station, TEC, Marunouchi, JP Tower, City, Heart, Safety, Imperial palace, Privacy, Hotel

The JP Tower Centre marks a significant milestone as TEC's tenth establishment within the vibrant landscape of Tokyo and Yokohama.

Key Points: 
  • The JP Tower Centre marks a significant milestone as TEC's tenth establishment within the vibrant landscape of Tokyo and Yokohama.
  • Moreover, the JP Tower Centre boasts well-designed meeting rooms, including a spacious boardroom that comfortably accommodates up to 14 people.
  • "We are delighted to open our newest centre at JP Tower in Tokyo," said Hiroteru Nin, Country Director of Japan at The Executive Centre.
  • The opening of the JP Tower Centre reinforces The Executive Centre's position as the leading provider of premium flexible workspace solutions in Asia.

Fitness Industry Veteran Al Noshirvani Expands Method Gym to Waldorf, MD

Retrieved on: 
Tuesday, April 9, 2024
Yoga, Lifting, Cybex, Matrix, Life Fitness, Zumba, Hotel

WALDORF, Md., April 09, 2024 (GLOBE NEWSWIRE) -- Fitness Club Management is pleased to announce the expansion of Method Gym to Waldorf, Maryland.

Key Points: 
  • WALDORF, Md., April 09, 2024 (GLOBE NEWSWIRE) -- Fitness Club Management is pleased to announce the expansion of Method Gym to Waldorf, Maryland.
  • "The recent expansion exemplifies our dedication to providing affordable exercise opportunities that support our members on their path to wellness."
  • said Al Noshirvani, Founder, Fitness Club Management.
  • Members of Method Gym Waldorf will continue to see many facility improvements and a continued dedication to the member experience.

Lead Real Estate Co., Ltd ENT TERRACE AKIHABARA Hotel Recognized for Booking.com’s Traveller Review Awards 2024

Retrieved on: 
Monday, April 8, 2024
Travel, Electronics, Booking.com, ENT, Safety, LRE, Tokyo City, Hotel

Booking.com’s Traveller Awards is an esteemed list of international properties based on over 308 million customer reviews.

Key Points: 
  • Booking.com’s Traveller Awards is an esteemed list of international properties based on over 308 million customer reviews.
  • The final review score was calculated on December 1, 2023, based on reviews received in the previous three years.
  • “Our ENT TERRACE AKIHABARA property, which opened to customers in February 2023, demonstrates our continued dedication to developing exceptional properties and experiences for long-term travel.
  • This is the second hotel that the Company has developed for the ENT TERRACE brand, with the other one located in Asakusa.

The Ritz-Carlton Residences, The Woodlands Reports Record-Breaking Sales of Over $250 Million in Opening Week

Retrieved on: 
Tuesday, April 2, 2024
The Ritz-Carlton Hotel Company, Sale, Marketing, Architecture, Residence, HHH, Hotel

THE WOODLANDS, Texas, April 02, 2024 (GLOBE NEWSWIRE) -- Howard Hughes Holdings Inc. (NYSE: HHH) today reported record-breaking sales of over $250 million in the opening week at The Ritz-Carlton Residences, The Woodlands, a new condominium project in the award-winning community of The Woodlands®, Texas. The project’s unprecedented sales velocity amidst the launch of its sales gallery reflects strong demand for the new residential project designed by Robert A. Stern Architects in the Greater Houston area, which closed out its first week of sales with over 50% of residences under contract.

Key Points: 
  • The Ritz-Carlton Residences, The Woodlands offers a breadth of superior amenities and lifestyle offerings that set a new standard for luxury residential living in the Texas real estate market.
  • Sales appointments continue in the project’s 4,000-square-foot sales gallery located at the company’s headquarters in The Woodlands, which is now open for private appointments.
  • For more information and to schedule an appointment at the sales gallery, please contact [email protected] or visit The Ritz-Carlton Residences, The Woodlands website .
  • Following the project’s strong sales momentum and the rapid pace of contracting, construction is scheduled to commence in the third quarter of this year.

Sonnenblick-Eichner Company Arranges $19,500,000 of First Mortgage Financing for Texican Court, Irving, Texas

Retrieved on: 
Tuesday, April 2, 2024
Element, Partnership, Urban Center, Valencia Hotel Group, Swimming, Hotel

LOS ANGELES, April 02, 2024 (GLOBE NEWSWIRE) -- Sonnenblick-Eichner Company on behalf of Valencia Hotel Group, has arranged $19.5 million of first mortgage debt to refinance the Texican Court hotel in Irving, Texas.

Key Points: 
  • LOS ANGELES, April 02, 2024 (GLOBE NEWSWIRE) -- Sonnenblick-Eichner Company on behalf of Valencia Hotel Group, has arranged $19.5 million of first mortgage debt to refinance the Texican Court hotel in Irving, Texas.
  • The non-recourse five-year, fixed-rate loan was funded by a Wall Street investment bank.
  • Built in 2019, the 152-room upscale boutique hotel features a retro-aesthetic design of the mid-century motor court with elements inspired by “Old Texas” architecture.
  • “We had 18 financing quotes on this transaction and we successfully closed this financing at a debt yield of less than 12 percent,” added Patrick Brown, also a Principal of Sonnenblick-Eichner Company.

C.K. McWhorter Moves Forward With Elite Luxury Wellness Chateaus & Resorts With Integration of Quantum Computing and Cutting-Edge Technology

Retrieved on: 
Monday, April 1, 2024
Health, Algorithm, Relaxation, Vital signs, Rejuvenation, Overalls, Quantum, Trust, Meditation, Heart, Sports complex, Collection, Social change, Virtual reality, Hotel

McWhorter & McWhorter Family Trust, a beacon of luxury and innovation in the investment world, moves forward with a visionary initiative to revolutionize the luxury wellness chateaus & resort experience through the integration of quantum computing and cutting-edge technology.

Key Points: 
  • McWhorter & McWhorter Family Trust, a beacon of luxury and innovation in the investment world, moves forward with a visionary initiative to revolutionize the luxury wellness chateaus & resort experience through the integration of quantum computing and cutting-edge technology.
  • By leveraging quantum computing and luxury tech, the Trust aims to elevate every aspect of the luxury wellness experience, from personalized treatments to sustainable operations.
  • Here's how quantum computing and luxury tech will be seamlessly integrated into the luxury wellness chateaus:
    Personalized Wellness Experiences: Quantum algorithms will analyze guests' unique biometric data and preferences to tailor bespoke wellness programs that address their individual needs and goals.
  • Immersive Wellness Technologies: Cutting-edge wellness technologies, powered by quantum computing and luxury tech, will enhance guests' sensory experiences and promote relaxation and rejuvenation.

Cloudbeds urges independent hoteliers to consider new ways to hedge inflation in 2024

Retrieved on: 
Wednesday, March 27, 2024
ADR, Partnership, Food, Hotel

San Diego, CA, March 27, 2024 (GLOBE NEWSWIRE) -- Cloudbeds , the hospitality management platform powering more reservations and happier guests for independent lodging businesses around the globe, urged independent hoteliers to look beyond raising their average daily rates (ADR) as a hedge against high inflation.

Key Points: 
  • San Diego, CA, March 27, 2024 (GLOBE NEWSWIRE) -- Cloudbeds , the hospitality management platform powering more reservations and happier guests for independent lodging businesses around the globe, urged independent hoteliers to look beyond raising their average daily rates (ADR) as a hedge against high inflation.
  • The guidance comes from Cloudbeds’ 2024 State of Independent Lodging Report , which revealed lodging businesses can no longer rely on ADR increases as the main driver of hotel performance.
  • However, amidst this increase, global inflation peaked at 8.7% in 2022 before declining slightly to 6.9% in 2023.
  • For comprehensive global insights into the independent lodging landscape in 2024, download a free copy of Cloudbeds’ annual ‘State of Independent Lodging Report’ at https://www.cloudbeds.com/hospitality-industry-report .

The St. Joe Company and InterMountain Management, LLC Announce the Opening of the 121-Suite Residence Inn by Marriott® Panama City Beach Pier Park

Retrieved on: 
Tuesday, April 9, 2024
Commercial Building & Real Estate, Construction & Property, Urban Planning, Professional Services, Other Travel, Lodging, Vacation, Asset Management, Destinations, Travel, St. Joe Company, Walking, TownePlace Suites, Commercial property, Partnership, Coffee, Wi-Fi, Risk, Frank Brown Park, Annual report, Residence, Multimedia, Hotel

Joe”) and InterMountain Management, LLC (“InterMountain”) announce the opening of the 121-suite Residence Inn by Marriott Panama City Beach Pier Park (“Residence Inn”).

Key Points: 
  • Joe”) and InterMountain Management, LLC (“InterMountain”) announce the opening of the 121-suite Residence Inn by Marriott Panama City Beach Pier Park (“Residence Inn”).
  • The hotel is located at 15900 Panama City Beach Parkway, Panama City Beach, FL 32413 in the popular Pier Park® shopping and entertainment district.
  • Residence Inn is the second extended-stay hotel in Panama City Beach owned by a partnership of St. Joe and InterMountain, preceded by the 124-suite TownePlace Suites by Marriott® Panama City Beach Pier Park (“TownePlace Suites”).
  • "InterMountain is excited to open another hotel in Panama City Beach with our partners at The St. Joe Company," stated Dewey Weaver, Owner of InterMountain.

Trinity Investments and Partners Group Acquire The Scottsdale Plaza Resort & Villas

Retrieved on: 
Monday, April 8, 2024
Other Construction & Property, Commercial Building & Real Estate, Lodging, Construction & Property, Destinations, Travel, REIT, Friends, Partner, Growth, The Ritz-Carlton Hotel Company, Partnership, Resort, Acquisition, Partners Group, Family, Hotel

A joint venture between Partners Group, a leading global private markets firm, acting on behalf of its clients, and funds managed by Trinity Investments (“Trinity”), announced today the acquisition of The Scottsdale Plaza Resort & Villas (the “Resort”), located in Paradise Valley, Arizona.

Key Points: 
  • A joint venture between Partners Group, a leading global private markets firm, acting on behalf of its clients, and funds managed by Trinity Investments (“Trinity”), announced today the acquisition of The Scottsdale Plaza Resort & Villas (the “Resort”), located in Paradise Valley, Arizona.
  • The Scottsdale Plaza Resort & Villas features 404 rooms spread across the central hotel and surrounding villa suites, as well as 50,000 square feet of meeting space.
  • “The Scottsdale Plaza Resort & Villas is a prime example of an excellent property coming to market in need of a significant capital investment from a partnership like Trinity and Partners Group that can deliver a development plan for future growth,” said Sean Hehir, Managing Partner, President, and CEO of Trinity.
  • “Trinity has been an excellent partner in creating, managing and delivering additional value on our joint investments,” said Jason Longo, Senior Investment Leader, Partners Group.