Real Hospitality Group Adds 12 New Construction Hotels
Tuesday August 26th, 2014 - 9:46AM PGOH
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OCEAN CITY, MD—Real Hospitality Group (RHG) has grown its portfolio of hotels in 2014, representing a 25.9% growth in guestroom inventory. Management agreements are now in place for 53 properties and 7,203 guestrooms, expanding the company's market expertise in the Northeast, mid-Atlantic and New York City, according to the company.
Seven of the hotels are expected to open prior to the end of the year, expanding the portfolio presence into Syracuse, NY, and Newark and Rehoboth, DE. Five locations will also be added in the Financial District of downtown Manhattan. These include the 176-room Fairfield Inn & Suites; the 128-room aloft; and the 261-room Four Points by Sheraton, all scheduled to open in Q4 2014. RHG will also manage the new construction of 330 rooms with a Courtyard by Marriott and Residence Inn by Marriott in a new combination high rise tower, targeted an early 2017 opening.
Other new locations include Home2 Suites by Hilton – Long Island City, New York, a 115-suite hotel that opened this month; Fairfield Inn & Suites – Rehoboth Beach, DE, a 94-room Generation 4 design that is slated to open in November 2014; Four Points by Sheraton Newark, DE, a 120-room hotel also slated for a November opening; Hyatt Herald Square – New York, NY, a 122-room hotel opening October 2014; Renaissance Manhattan Chelsea, a 330-room hotel targeting a 2017 completion; and aloft and element in Syracuse, NY slated to open in 2015 and 2016, respectively.
Tags: real hospitality group • Hospitality • Construction/Renovation • Ownership • Management Companies • Openings •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.