Second to Spain. Meliá Hotels International on Tuesday announced that its 30th hotel in Germany will open in Frankfurt in early 2019. The 291-room Meliá Frankfurt is a new construction project located in the Bockenheim district on the former campus of Goethe University, which will be completely transformed during the development of the new hotel. The company currently has 24 hotels open and six in the pipeline in Germany, a market which is now its second largest by number of hotels, only behind Spain.
Dalata’s Dublin news. Dalata Hotel Group, Dublin, and Chartered Land, the owner of the Ballsbridge and Clyde Court hotels in Dublin have announced the extension of Dalata’s lease on the Ballsbridge Hotel to at least April 2018. Dalata’s lease on the Clyde Court Hotel will be surrendered on January 1, 2016, when the hotel will close for redevelopment into residential units. The Ballsbridge Hotel will continue to operate until at least the middle of 2018 when a future development phase will include additional apartments, a new hotel, a boutique retail offering and restaurant uses fronting a new public plaza.
Chesapeake adds. Chesapeake Hospitality, Greenbelt, Maryland, has assumed management of the 117-room Four Points by Sheraton Louisville Airport hotel, adding it its full-service management portfolio.
REIT report. Chesapeake Lodging Trust announced its board of trustees has authorized a US$100 million share repurchase program. It also adjusted its outlook for the second half of 2015 to primarily reflect a change in expectations in the composition of our RevPAR growth, which is now expected to be led by stronger occupancy growth and modestly lower ADR growth than previously expected, negatively impacting profitability.