Three Management Deals to Know

INTERNATIONAL REPORT—Hotel Equities, Valor Hospitality South Africa and Dimension Development have recently closed management deals. Here are the details:

Hotel Equities to Manage Fairfield by Marriott Kitimat
Hotel Equities and Horizon North Logistics Inc. have broke ground on the fully modular Fairfield by Marriott in Kitimat, British Columbia, Canada. The 120-room hotel is phase II of an entirely modular-built, mixed-use community development by owners Horizon North. Hotel Equities has been selected as the managing partner to operate the new hotel. The anticipated opening date is Q1 2020.

Dimension Development Adds JW Marriott Houston Downtown to Portfolio
Dimension Development has been named management company of the JW Marriott Houston Downtown. This addition marks its 69th hotel in the portfolio and is the result of a large-scale expansion initiative. The hotel has 270 guestrooms, and showcases paintings and sculptures created by local artists for a dose of Southern hospitality. A Houston-themed restaurant, Main Kitchen, a premier Spa by JW and 16,000 sq. ft. of event space are available.

Valor Hospitality South Africa to Manage Operations for New Brand
Valor Hospitality South Africa, a subsidiary of Valor Hospitality Partners, has been selected to manage Lucid Ventures’ new hotel brand, Home Suite Hotels. Lucid Ventures launched Home Suite Hotels in May 2019—opening the first hotel on the corner of Oxford and Bristol Roads in central Rosebank. Lucid Ventures will open more locations in Johannesburg, Sea Point, Gardens and De Waterkant in Cape Town over the next 24 months.