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Spotlight on New Hotels

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Accommodation

Hilton Garden Inn Washington D.C. Downtown

Xenia Hotels & Resorts Sells Hilton Garden Inn Washington D.C. Downtown

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Xenia Hotels & Resorts, Inc. has sold the 300-room Hilton Garden Inn Washington D.C. Downtown for $128 million, or approximately $427,000 per key.  The sale price represents a 15.2x multiple and a 5.8% capitalization rate on the hotel's trailing twelve month Hotel EBITDA and net operating income as of October 31, 2018, respectively.

Steigenberger Pure Lifestyle hotel in Hurghada

Steigenberger opens a new hotel in Hurghada, Egypt

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Steigenberger Hotels and Resorts is growing its portfolio in Egypt. The Steigenberger Pure Lifestyle in Hurghada has now become the twelfth of the brand’s hotels to open in the country.

Marriott International sign agreement with Sekisui House Ltd

Marriott expects to open 15 Fairfield by Marriott hotels in Japan by 2021

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Marriott International announced the signing of 12 Fairfield by Marriott hotels across five prefectures in Japan – Kyoto, Wakayama, Mie, Gifu, and Tochigi – in a long-standing collaboration with Japanese real estate developer, Sekisui House; in total, an anticipated 15 hotels will be signed by next year.

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