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Signia by Hilton debuts flagship downtown Atlanta hotel

January 15, 2024 /

Atlanta, Georgia – Hilton Worldwide Holdings Inc. (NYSE: HLT) announced the highly anticipated opening of the 976-room Signia by Hilton Atlanta, marking the first new build and Georgia hotel for the Signia by Hilton brand, and Atlanta’s largest ground-up hotel development project in 40 years. Inclusive of the property’s debut, Atlanta represents Hilton’s largest market globally by number of hotels with a portfolio of 136 hotels across 13 brands welcoming travelers to the destination. In Atlanta, Hilton also has a pipeline of more than 40 hotels in various stages of design and construction.

Poised to become a signature landmark and economic catalyst on the city’s west side, Signia by Hilton Atlanta is owned by Georgia World Congress Center Authority (GWCCA) and forms part of the Authority’s Championship Campus, North America’s largest combined convention, sports, and entertainment destination, which also includes Georgia World Congress Center, Mercedes-Benz Stadium and Centennial Olympic Park. Built on the repurposed foundation of the Georgia Dome, the hotel features eight food and beverage experiences; a spa, beauty bar, rooftop pool and fitness center; more than 100,000 square feet of flexible meeting space, including the largest hotel ballroom in Georgia; a grand outdoor event deck and lawn; and Club Signia.

Signia by Hilton Atlanta was developed by Boston-based Drew Company, with Gensler as the architect and interior designer, and a joint venture between Skanska and SG Contracting as the general contractor. As the tallest building on the west side of Atlanta, the 42-story, 1.25 million square foot property is enveloped in wall-to-wall glass, offering panoramic views of downtown Atlanta, an inspiring and curated art collection, and inviting spaces.

All guest rooms at Signia by Hilton Atlanta offer spectacular floor-to-ceiling windows with panoramic views and reflect the warmth and refinement of Southern luxury, featuring a combination of earth toned-fabrics, rich wood and rattan textures, and brass finishes. The colors and materials are inspired by the building’s unique location in the city, paying homage to some of the most historically important and culturally significant neighborhoods in Atlanta. Shades of amber, deep brown, soft beige, and slate blue evoke a subtle sophistication, while black and metallic details bring an understated modern twist. Together, these design elements invite guests to celebrate the distinguished style of Southern hospitality through a timeless look that is both stylish and functional.

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

 

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Tri-Cities Intermodal moves forward to develop intermodal center

October 10, 2023 /

Wallula, Washington, October 10, 2023 – Tri-Cities Intermodal (TCI) has signed a lease/purchase agreement to acquire the former Cold Connect warehouse and property, with plans to develop an adjacent intermodal ramp in Wallula, WA. The plan represents a revival of the plans previously announced by Tiger Cool Express before they shut down operations in June. Tri-Cities Intermodal is an entirely new company – and the transaction had no connection to Tiger Cool.

Tri-Cities signed the lease/purchase agreement on Sept. 27, 2023, with Union Pacific Railroad Corporation (NYSE: UNP).

The envisioned Tri-Cities Intermodal Center will benefit the entire agricultural community in the three-state region by providing cost-effective and sustainable transportation capacity. Initially, service is intended to be offered between: Wallula and the Northwest Seaport Alliance on-dock facilities for dry imports and exports (in ISO equipment.) It will also support Union Pacific’s intermodal customers moving between Wallula and Chicago and beyond.

 

 

 

 

 

KiwiRail Announces New Auckland Southern Station Locations

February 12, 2021 /

KiwiRail and the Supporting Growth Alliance (Auckland Transport and Waka Kotahi) have today confirmed their proposed sites for three new stations in southern Auckland and will now begin more detailed consultation with stakeholders about their development.

Over the next 30 years, an extra 120,000 people are expected to live in the area, which will also have 40,000 new houses and 38,000 new jobs. The development of the new stations and their associated facilities will be staged over time to coincide with demands from developments feeding each location. 

KiwiRail has been given funding through the Government’s NZ Upgrade Programme for the first phase of development.

The locations for the new stations are designed to maximise connections with future town centres, new housing, and other public transport routes.

The aim is ensure the wider area has a robust public transport system to enable long-term housing and business growth. Other factors considered included the existing railway track alignment, the distance between stations, and environmental and ecological features.

The fully developed stations will have a bus interchange and Park & Ride facilities along with other infrastructure. We are working to confirm the exact footprint which will be needed for the associated facilities for the fully developed stations and will then begin the process of protecting the land.

Waka Kotahi National Manager System Design Robyn Elston says: “We are focusing on how longer-term road and rail projects can give people more connected public transport choices and help them move around safely and easily. We’re looking forward to talking to communities about how to make these projects happen.”

The planned railway stations are part of the $2.39 billion of transport improvements in southern Auckland that Waka Kotahi and KiwiRail are delivering as part of the Government’s New Zealand Upgrade Programme.

Other improvements will include SH1 Papakura to Drury South, Mill Road and Papakura to Pukekohe rail electrification. They are part of a longer term transport network being investigated and delivered to support growth in south Auckland.

Public information sessions on the rail developments in Southern Auckland are being held in Drury on February 18th and Pukekohe on February 20th.

The proposed locations for the three stations are:

  • Drury Central will be located on the existing rail line south of Waihoehoe Road, between Flanagan and Great South Roads.
  • Drury West will be located on the existing rail line, about 450 m south of the existing intersection of SH22 / Karaka Road and Jesmond Road.
  • Paerata will be located on the existing rail line, adjacent to the planned eastern extent of the Paerata Rise development.

Tempo by Hilton Breaks Ground on First Hotel in Louisville

March 11, 2020 /
  • Hilton’s new elevated yet approachable brand is off to the races, breaking ground in Louisville, Kentucky less than 60 days after its launch

MCLEAN, Va. – Hilton (NYSE: HLT) today announced the start of construction of its very first Tempo by Hilton property, hosting a groundbreaking ceremony in Louisville, Kentucky’s trendy NuLu neighborhood. The 130-key, six-story hotel is located at 710 East Jefferson Street and is co-owned by First Hospitality and Weyland Ventures. This inaugural Tempo by Hilton property is slated to open in time for the 2021 Kentucky Derby. 

Breaking ground less than eight weeks from the Tempo by Hilton brand launch, this milestone marks one of the shortest time periods from brand announcement to groundbreaking in Hilton history. Additionally, the brand continues to exhibit robust deal momentum, with more than 30 confirmed deals in cities including New York, Maui, Boston and Washington D.C., as well as an additional 40 deals in various stages of development. 

“We’ve seen an incredible response from owners who are excited about Tempo by Hilton, and we are working together with them to bring this new offering to market in record time,” said Phil Cordell, SVP and global head of new brand development, Hilton. “The brand delivers a unique blend of elevated yet within reach offerings that have been specifically developed to appeal to the burgeoning class of modern achievers, and we believe that the NuLu neighborhood is exactly the kind of place where Tempo by Hilton will not only fit in but thrive.” 

In line with the brand’s commitment to localized touches in each property, this first Tempo by Hilton groundbreaking saw brand representatives and local dignitaries gather for an exciting event that included nods to the historic Kentucky Derby with details such as a burst of rose petals that evoked the famous race also known as the “Run for the Roses”. The ceremonial groundbreaking was symbolized by the staking of a Tempo by Hilton flag into the property site ground.

“We are excited to be the first city in the world to welcome the Tempo by Hilton brand,” said Louisville Mayor Greg Fischer. “Our city’s economy is booming, with more than $15 billion in investment since 2014, more than 1,200 hotel rooms added in the past 18 months, and an additional 1,100 hotel rooms under construction. The Tempo by Hilton will add to that great economic vitality.”

Once open, the new Tempo by Hilton Louisville NuLu will offer a rooftop bar, allowing patrons to sip in style as they take in the surrounding skyline. The property will provide guestrooms that have been designed as welcoming treats with the brand’s signature Power Up and Power Down collections to assist guests with getting energized for the day or winding down for the night, as well as inviting public spaces, including flexible meeting space, a state-of-the-art fitness center, and surprising, uplifting artistic touches.

“As part of the next generation leading First Hospitality, a long-time Hilton partner, I’m beyond proud that we are breaking ground on the very first hotel of this next-generation brand,” said Sam Schwartz, VP of Asset Management for First Hospitality. “We couldn’t be more excited for this property to be going up in NuLu, a neighborhood known for its rich arts and culinary scenes.”

Thoughtfully designed with the modern achiever in mind, the new Tempo by Hilton Louisville NuLu will also provide complimentary coffee and tea via the in-lobby Fuel Bar, as well as a range of additional food and beverage options including an innovative café-style offering serving a variety of smoothies, lattes, breakfast sandwiches, bowls and more, limited market, and in-lobby bar specializing in both spirited and non-spirited craft cocktails.

Tempo by Hilton Louisville NuLu will participate in Hilton Honors, the award-winning guest loyalty program for Hilton’s 18 world-class brands. Hilton Honors members who book directly through preferred Hilton channels will have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, an exclusive member discount, and free standard Wi-Fi. Members can also enjoy popular digital tools available exclusively through the industry-leading Hilton Honors mobile app where Hilton Honors members can check-in, choose their room and access their room using Digital Key.

More information about Tempo by Hilton can be found at www.tempobyhilton.com.

Caesars Entertainment and VICI Properties Inc. Announce Sale of Harrah’s Reno

January 15, 2020 /

Caesars Entertainment Corporation (NASDAQ:CZR) (“Caesars Entertainment” or “Caesars”) and VICI Properties Inc. (NYSE:VICI) (“VICI Properties” or “VICI”) today announced they have signed an agreement to sell Harrah’s Reno Hotel and Casino (“Harrah’s Reno”) to an affiliate of CAI Investments (the “Buyer”) for $50 million. The proceeds of the transaction shall be split 75% to VICI and 25% to Caesars, while the annual rent payments under the Non-CPLV Master Lease between Caesars and VICI will remain unchanged.

Under the terms of the agreement, Caesars will continue to operate the property upon closing of the transaction pursuant to a short-term lease with the Buyer, which will allow Caesars to cease operations at the property during the second half of 2020. At the end of the term, Caesars will deliver the property to the Buyer to be redeveloped into a non-gaming hotel and mixed-use development.

“We recognize the long legacy of Harrah’s in Reno, where the brand began 82 years ago and our role in the community. We are pleased the Buyer is committed to the community and supports the redevelopment of this wonderful asset. We have worked closely with the Buyer to provide a reasonable closure plan that allows our great staff in Reno ample time to secure their next jobs, including priority consideration for relevant openings at our other properties in Nevada, including Lake Tahoe and Las Vegas,” said Tony Rodio, CEO of Caesars Entertainment.

“The sale of Harrah’s Reno demonstrates our ability to continuously work constructively with our tenants to improve our individual businesses. This disposition will allow VICI to optimize the quality of our real estate portfolio and redeploy the proceeds toward other attractive growth opportunities while maintaining the existing financial terms of the Non-CPLV Master Lease with Caesars,” said John Payne, President and COO of VICI Properties.

“Being originally from the Reno/Sparks community, it is with great pride that we are investing in the Reno area by redeveloping this property,” said Christopher Beavor, CEO of CAI Investments. “CAI is excited to be working with Gryphon Private Wealth Management as capital partners for the project. Kirk Walton and Philip Oleson, Principals of GPWM Opportunity Zone Funds, which will be investing the required capital for the project, believe in the long-term growth potential of Reno.”

The agreement allows for Caesars to retain its guest data and places no restrictions on Caesars’ marketing activities. Reno will continue to be part of the Caesars Rewards network during the term of the short-term lease with Buyer.

The transaction is subject to the closing of the Eldorado/Caesars combination, regulatory approvals and other customary closing conditions.

Boeing Eyes Atlanta for Huge Distribution Center

July 20, 2019 /

The Boeing Co. is looking at south metro Atlanta for a warehouse and distribution center that could approach 1 million square feet — the latest mega project for the region’s booming logistics sector. The aerospace giant (NYSE: BA) is working with third-party logistics provider XPO Logistics Inc. (NYSE: XPO), which has been touring south metro industrial properties this year and may be focused on Clayton and Henry counties. Industrial real estate developers with projects along the Interstate 75 corridor south of Atlanta have competed for the Boeing facility, which could range from 800,000 square feet initially to eventually more than 1 million square feet.  Developers have seen a request for proposals for the project, according to real estate sources familiar with the process.

Click the link for the full story! https://www.bizjournals.com/atlanta/news/2019/07/19/boeing-eyes-atlanta-for-huge-distribution-center.html?ana=yahoo&yptr=yahoo

Boeing Jets Could Be Part of Broad U.S.-China Trade Deal

March 7, 2019 /

WASHINGTON (Reuters) – Purchases of U.S.-made Boeing Co aircraft by China could be part of a sweeping deal currently being negotiated to end the months-long trade war between Washington and Beijing, Boeing’s top executive said on Thursday.

A tit-for-tat trade war between the world’s two largest economic powers has slowed the global economy. It has also opened up new risks for Boeing, which calls itself America’s biggest exporter, in the world’s fastest growing aviation market. Boeing sells roughly a third of its top-selling U.S.-made 737 jetliners to customers in China.

Boeing Chief Executive Dennis Muilenburg told an aviation summit in Washington that he sensed U.S.-China trade talks were progressing “in a good way.”

“They are dealing with some of the tough framework issues around intellectual property and things like that,” Muilenburg said. “I do think they are making progress. And at the same time, I think there’s an economic opportunity here for airplanes to be part of the ultimate deal and help further close the trade deficit gap.”

Governments typically use jet deals to achieve broader diplomatic objectives. In talks with Beijing, U.S. officials have demanded more details on China’s pledge to make big purchases of American goods, as well as to push for ways to hold China to any commitments on changes to industrial policies.

U.S. President Donald Trump has demanded that China shrink its widening trade surplus with the United States. On Wednesday, the U.S. reported the goods trade deficit with China rose 11.6 percent to an all-time high of $419.2 billion in 2018.

China is poised to overtake the United States as the world’s largest aviation market in the next decade and is gobbling up planes made by both Boeing and European rival Airbus SE, while also investing in homegrown aircraft businesses.

Boeing forecasts Chinese demand for 7,700 new airplanes over the next 20 years valued at $1.2 trillion.

(Reporting by Eric M. Johnson and David Shepardson in Washington; Editing by Tom Brown)

NOTE: Planesintheair.com forcast that 12 to 16 Boeing 747-8F freighters will be included in any new US-China trade deal!

Boeing, Airbus Fret Over China Trade War

November 6, 2018 /

ZHUHAI, China (Reuters) – The world’s two largest planemakers signaled on Tuesday that they were keen to see an end to a bruising trade war between Washington and Beijing, as China opened its largest airshow with a display that showcased its aviation ambitions.

Boeing (BA.N) and Airbus (AIR.PA) made their comments on the opening day of the biennial Airshow China, being held in the coastal city of Zhuhai from Nov. 6-11, that is traditionally an event for Beijing to parade its growing aviation prowess.

China has become a key hunting ground for deals for foreign aviation firms thanks to surging travel demand, but the outlook has been complicated by Beijing’s desire to grow its own champions in industries ranging from aviation to semiconductors to robots.

Its ties with the United States have in particular been strained. President Donald Trump criticizes China for what he sees as intellectual property theft, entry barriers to U.S. business and a gaping trade deficit, while Beijing calls the complaints unreasonable. The two sides have resorted to tit-for-tat tariffs on goods worth billions of dollars.

While U.S.-made aircraft, among America’s biggest exports to China, have so far escaped Beijing’s tariffs, analysts said they were still waiting to see what the trade war would spell for U.S. companies such as Boeing.

George Xu, the top China executive at Boeing’s biggest rival Airbus (AIR.PA), said at a news conference that the European planemaker did not expect a sales windfall from the tensions.

“I am Chinese and we don’t like this kind of trade war,” he said. “Nobody will be the winner in this kind of trade war.”

Airbus had hoped to close a deal for 184 aircraft during a trip to China by French President Emmanuel Macron in January, but negotiations appear to have stalled, industry sources say.

In carefully worded comments, Boeing’s senior vice-president of Northeast Asia sales, Rick Anderson, said China was a rapidly growing aviation market and that he believed Washington and Beijing understood that.

“We continue to engage with leaders of United States and China, and continue to urge productive conversation to resolve the trade discrepancies,” he said.

“We are optimistic for a quick solution.”

AMBITIONS ON DISPLAY

China and United States have in recent days stoked optimism that a breakthrough might be made, after Trump spoke by phone with President Xi Jinping last week.

The two countries have also announced that they will hold a delayed top-level security dialogue on Friday.

Still, Beijing has shown little sign of taming its ambitions to catch up with rivals like the United States, France and Germany in high-end technology.

Projects being showcased in Zhuhai included a full-scale mock-up of a widebody CR929 jet being jointly developed by Commercial Aircraft Corporation of China and Russia’s United Aircraft Corporation (UAC) in hopes of eventually competing with Boeing’s 787 and Airbus’ A350 jets.

The global market for widebody jets is estimated to be worth $2.5 trillion over the next two decades, according to Boeing, with the fleet size more than doubling to 9,180 jets.

Widebodies account for around 20 percent of projected global jet deliveries over that period but almost 40 percent by value.

Hundreds of spectators and industry executives at the airshow were also treated to a roaring flight demonstration that involved three of China’s Chengdu J-20 stealth fighters, which debuted at the show two years ago with a 60-second flypast.

China put the J-20 into service last year that experts say is a part of Beijing’s plan to narrow a military technology gap with the United States and its F-35 stealth fighter.

Sophisticated anti-aircraft batteries were also on display.

“If you tie those together with the J-20, the message is about Anti-Area Access Denial. It is not just about protecting the motherland but pushing the Americans away,” said aerospace analyst Sash Tusa of UK-based Agency Partners.

(Reporting by Brenda Goh, Stella Qiu and Tim Hepher; Writing by Brenda Goh; Editing by Himani Sarkar)

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