In its 100th year, Hilton (NYSE: HLT) today announced it is on track to celebrate the 100th hotel milestone in Mexico by 2022. With several new deals announced this year and others in the works, Hilton plans to open approximately 10 hotels per year over the next three years, adding 30 new properties and more than 4,500 rooms to its existing portfolio of nearly 70 hotels in Mexico - the country with one of Hilton's largest portfolios.
Marriott International (NASDAQ: MAR) today announced that it expects to expand its footprint in Mexico by more than 50% to the end of 2023, following a robust year of new signings. In 2018, the company signed 36 deals in the Caribbean and Latin America, including more than 2,300 rooms or close to 40% of total rooms in Mexico. With these new deals, Marriott's total Mexico pipeline now features nearly 50 properties consisting of 8,000 rooms across the country - from Mexicali to Cancun, including key gateway cities such as Mexico City, Guadalajara and Monterrey and resort markets like Cancun, Los Cabos and Puerto Vallarta.
AMResorts is planning five new properties in Mexico this year, executives said at this year's Tianguis Turistico. The openings will expand the Apple Leisure Group company's Dreams, Now and Sunscape brands, bringing AMResorts' total branded portfolio in the country to more than 30 resorts. Officials also shared new details on their plans to rebrand three properties under the newly launched Reflect Resorts & Spas brand.
Mar del Cabo debuts on Mexico's Baja Peninsula with a new look after a $4 Million renovation of the former Marbella Suites. Located midway between San José del Cabo and Cabo San Lucas, the European Plan boutique hotel is now the sixth property of Velas Resorts and its only EP offering.
Hilton (NYSE: HLT) and Atlantica Hotels today announced the signing of a management license agreement whereby Atlantica plans to develop and manage DoubleTree by Hilton hotels in Brazil. As part of this agreement, the companies also announced the first planned DoubleTree by Hilton hotel in Porto Alegre, Brazil. This agreement will introduce DoubleTree by Hilton in Brazil, underscoring Hilton's continued commitment in the Caribbean and Latin America to introduce the company's industry-leading brands across the region.
AccorHotels and Chilean group Algeciras announce that they signed an agreement with the shareholders of Atton Hoteles in order to acquire the company. As per the agreement, AccorHotels will acquire 100% of the management Company that operates 11 Atton hotels (2,259 rooms) across Chile, Peru, Colombia and Florida, USA. Besides, AccorHotels will acquire 20% of the Property Company that owns these assets, the remaining 80% being bought by Algeciras. Atton Hoteles was founded in Chile in 2000. The hotels cater to the business travelers on the midscale and upscale segment. It has 3 hotels under development. In order to capitalize on Atton's existing brand equity, most of these properties will be co-branded with AccorHotels brands, before being fully rebranded to Pullman, Novotel, MGallery & Mercure in the midterm.
Hilton (NYSE: HLT) today announced the signing of two Tapestry Collection by Hilton agreements in Lima, Peru: Hotel Bel'Arte Lima and Hotel Museo de Osma - representing the first international properties for Hilton's 14th brand created for travelers looking for a unique, upscale hotel experience. These new deals form part of Hilton's development pipeline of eight hotels in Peru, with plans to add more than 1,000 rooms in key markets throughout the country.
Hilton (NYSE: HLT) and Hotelaria Brasil today announced the signing of a strategic development agreement for Hotelaria Brasil to initially develop five franchised Hampton by Hilton hotels in Brazil - marking the brand's debut in the country. The announcement underscores Hilton's commitment to expand throughout the Caribbean and Latin America, and reinforces the upper-midscale brand's momentum with 139 openings worldwide in 2017, including Hampton hotels in the Dominican Republic, Colombia, Mexico and Uruguay. As part of the agreement, the companies have confirmed the first hotel is scheduled to open in 2019 at Guarulhos Airport in Sao Paulo, Brazil.
Renowned hotel and brand management company Dream Hotel Group today announced the development of three new hotels in Mexico and Central America: Unscripted Tulum, Unscripted Belize and Dream Belize. The signings represent a major milestone for Dream Hotel Group, positioning them as international hospitality leaders and paving the way for new growth in the Mexico and Belize region.
For those who don't visit certain countries often, it can sometimes be easy to fall into the trap of evaluating them based on their largest markets alone, of reducing the United States to what's happening in New York City, of viewing France in terms of the market in Paris, or seeing all of Japan as Tokyo.
STR's September 2017 Pipeline Report shows 58,410 rooms in 374 hotel projects Under Contract in the Central/South America region. The total represents an 8.4% decrease in rooms Under Contract compared with September 2016. Under Contract data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Unconfirmed stage.The Central/South America region reported 25,869 rooms in 162 projects In Construction for the month. Based on number of rooms, that is a 5.5% decrease in year-over-year comparisons. Among Chain Scale segments, the Upper Upscale segment accounted for the largest portion of rooms Under Contract (23.7% with 13,826 rooms). Upscale accounted for the largest portion of rooms In Construction (26.3% with 6,803 rooms).
The project pipelines for some of the sunniest locations in the Western Hemisphere are booming, as Mexico and the Caribbean enjoy a surge of investments in the hospitality industry.
Mandarin Oriental Hotel Group has announced today that it has signed a management contract to manage, and ultimately brand, a 310-room hotel currently operating in Santiago, Chile. The Group will take over management of the property from August 2017, and rename it Hotel Santiago. Following an extensive guestroom and public area renovation, the first stage of which is scheduled to complete in August 2018, the hotel will be rebranded Mandarin Oriental, Santiago. This will be the Group's first property in South America.
Hilton (NYSE: HLT) today announced the opening of Hilton Rio de Janeiro Copacabana, marking a significant milestone as the company's 100th hotel in Latin America. The 545-room beachfront Hilton Rio de Janeiro Copacabana is one of the largest hotels in the famous Copacabana neighborhood, one of Brazil's most visited destinations, and represents Hilton's second property in the city.
Set along the dramatic coastline of San José del Cabo with panoramic views of the Sea of Cortez, Zadún, a Ritz-Carlton Reserve will make its debut in early 2018. This much anticipated opening marks the fourth extraordinary resort in the prestigious Ritz-Carlton Reserve portfolio, and the second in the Caribbean and Mexico region.
InterContinental Hotels Group (IHG), one of the world's leading hotel companies, announces the opening of the 102-room Candlewood Suites® Celaya hotel. Located in Celaya's eastern commercial area, the hotel is ideal for both business and leisure travellers to Guanajuato. This is IHG's second Candlewood Suites property in Mexico, joining the Candlewood Suites Queretaro-Juriquilla hotel which opened November 2016.
Hilton's (NYSE: HLT) Hampton by Hilton brand, the global mid-priced hotel known for providing travelers with its signature Hamptonality service, today announced the opening of its first property in Cancun, Quintana Roo, continuing its expansion in Mexico. Owned by Hoteles Parks Hospitality and managed by Hilton, Hampton Inn by Hilton Cancun Cumbres, a 141-room, new build, is located in Pabellon Cumbres Mall in Mexico's most popular tourist destination.
CapitaLand's wholly owned serviced residence business unit, The Ascott Limited (Ascott) steps up its global expansion as it breaks into South America with franchise agreements for two serviced residences in São Paulo, Brazil. Vitacon, a leading real estate company in São Paulo, will franchise and operate the 92-unit Citadines VN Jardins São Paulo and 122-unit Citadines VN Faria Lima São Paulo. The two serviced residences are scheduled to open in the last quarter of this year and 2020 respectively. Ascott and Vitacon have also signed an agreement with an intent to establish a portfolio of at least 5,000 Citadinesbranded units in São Paulo.
Palace Resorts – the company that sets the standard in five-star, all-inclusive resort accommodations – is pleased to announce the highly anticipated debut of luxurious, Le Blanc Spa Resort Los Cabos in Fall 2017. The second property comes after the tremendous success of Le Blanc Spa Resort Cancun, the brand's flagship property and Cancun's #1 all-inclusive resort as designated by the TripAdvisor® community. The resort located on Mexico's Baja California Peninsula is the second property under the umbrella of Palace Resorts, a hospitality company with over 30 years of experience in the luxury all-inclusive market. This opulent beachfront property will feature the traditional facilities and over the top amenities Le Blanc Spa Resort is known for, including well-appointed designer suites, an award-winning 29,000 sq. ft. full-service spa with 25 treatment rooms, an incredible hydrotherapy facility, a 3,961 sq. ft. fitness center and wellness center, juice bars, four plunge pools, gourmet specialty cuisine, butler service, over 14,000 sq. ft. meeting space, four breakout rooms and much more.
Blackstone today announced that funds managed by its real estate business have agreed to acquire the Windsor Atlantica Hotel on Copacabana Beach in Rio de Janeiro, Brazil. As part of the transaction, Blackstone has signed a management agreement with Hilton for this asset and following a period of transition plans to convert the hotel to the "Hilton Rio de Janeiro Copacabana".