Development: Marriott Hotel, Ikeja GRA – Lagos

Development: Marriott Hotel, Ikeja GRA – Lagos

Name: Marriott Hotel Ikeja Government Reservation Area (GRA); Location: Site is accessible from Oba Aladejobi Street and Joel Ogunnaike Street, Ikeja Government Reservation Area (GRA) – Lagos; Use: Hospitality; Number of Rooms/Keys: 251; Estimated Site Area: Over 7,000sqm; Developers: Sifax Group; Contractors: Dori Construction and Engineering; Electrical Engineers: Etco; Building Services, Fire Engineering, Specialist Services: Meinhardt; Architects: G1 […]

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The Huge Amount of Manhattan Hotel Rooms Is Terrible News for Some Investors – Business Insider

The Huge Amount of Manhattan Hotel Rooms Is Terrible News for Some Investors – Business Insider

Manhattan hotel developers have overbuilt, and incomes at new and existing hotels are unlikely to hit industry projections, according to a new report from research firm Morningstar Credit Ratings. That could mean trouble ahead for some CMBS investors, as loans worth about $731 million, roughly a fifth of the $3.68 billion Manhattan hotel-backed CMBS market, […]

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DoubleTree Suites by Hilton to Open at Bahrain’s Dilmunia Island

DoubleTree Suites by Hilton to Open at Bahrain’s Dilmunia Island

Hilton Worldwide (NYSE: HLT) last week announced the signing of a management agreement with United Tower Real Estate W.L.L. to open DoubleTree Suites by Hilton Bahrain Dilmunia Island, which will be located at the Dilmunia Island project, currently under development off the coast of Bahrain. Carlos Khneisser, vice president of development, Middle East & North Africa, […]

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Dream Hotel Group Signs Doha, Qatar Location and Announces Expansion Plans with Six Hotels in New Destinations

Dream Hotel Group Signs Doha, Qatar Location and Announces Expansion Plans with Six Hotels in New Destinations

Dream Hotel Group LLC signed its first hotel in the Middle East with Qatar-based Al Alfia Holding to develop a Dream Hotel in Doha, the state capital. To cap off a letterhead day, Dream Hotel Group took the opportunity to announce $1.5 billion in new hotel development, including Doha and five other locations, all with […]

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