ORLANDO, Fla.--(BUSINESS WIRE)--The Founding Members of the Global Hotel Development Association (GHD) announced $23 billion in new hotel development projects to be completed between 2015 and 2022.
GHD aims to create financial incentives for the management of member companies, reduce construction costs for developers, maximize returns for its institutional investors and build long-term profitable relationships and high levels of business with preferred construction companies.
The new hotel construction projects include developments in the following countries:
NORTH AMERICA: Canada, Mexico, United States
CENTRAL AMERICA: Costa Rica, Panama
SOUTH AMERICA: Brazil
CARIBBEAN: Dominican Republic, The Bahamas
EUROPE: Croatia, Germany, Italy, Spain, United Kingdom
MIDDLE EAST: Qatar, United Arab Emirates
ASIA PACIFIC: Australia, China, Hong Kong, India, Indonesia, Malaysia, Maldives, Myanmar, Sri Lanka, Thailand
Construction companies are pre-selected by the supervisory board and members who submit construction projects to the association for optimization.
GHD's institutional investors can secure pre-construction discounts and purchase future hotel assets after stabilization. Each portfolio is tailored to meet the needs of participating hotel investment funds and includes select real estate assets across GHD's entire collection of new construction projects.
GHD’s new properties have the potential of differentiating themselves through new immersive hotel technology that creates unique experiences for guests which is exclusively available to developers who are members of the association. GHD in partnership with Buena Vista Hospitality Group (BVHG) is also establishing a new global reservation system for technology hotels and resorts which includes both branded and independent hotels.
Hotel developers who participate in the GHD have a significant equity investment in each project, an outstanding management team and a proven track record of developing properties that generate sustainable returns for investors.
ABOUT GHD
The Global Hotel Development Association aims to create financial incentives for the management of member companies, reduce construction cost for developers, maximize returns for investors and build long-term profitable relationships and high levels of business with preferred construction companies. GHD works with more than 80 international hotel developers with a proven track record of developing properties that generate sustainable returns for investors. GHD, working with this group of developers, is planning $23 billion in new hotel development projects to be completed between 2015 and 2022.
ABOUT BVHG
Buena Vista Hospitality Group and its holding company Buena Vista Capital Partners (BVHG) is a global hospitality company based in Orlando, Florida. Since 1986 BVHG has been a principal in and has worked with worldwide partners on the development, marketing and operational services for hotels, resorts, spas, golf courses, golf clubs and residential golf communities. On the international level BVHG supports developers in Latin America out of Orlando and Europe is managed through its subsidiary companies Buena Vista Hospitality in the UK and BVHG in Italy. For the Middle East and Africa, BVHG’s subsidiary is BVHG-MEA, an Isle of Man Company. BVHG Development Fund in the Cayman Islands is managing international investments in partnership with its institutional investors and is a founding member of the Global Hotel Development Association (GHD).
For more information, visit www.bvhg.com/ghd
DISCLAIMER
This announcement is not and should not be interpreted as a current or future offer or sale of any security, financial product, derivative, insurance product, investment advisory service, or broker-dealer service. Such products and services can only be offered through a separately registered and licensed entity and/or through an exempt offering in full compliance with applicable laws. No regulatory agency has reviewed or approved this announcement and all current or future offers or sales would only be offered through a fully compliant separate and fully licensed and registered person or entity, or through an exempt offering.
