Overall, the report trended toward cautious optimism, especially for the recovery of corporate travel and lender activity.
Indian Hotels Company (IHCL) today announced a strategic partnership with CG Hospitality, extending its current association of TAL Hotels & Resorts Limited and Taj Safaris Limited to achieve a portfolio of 25 hotels by 2025.
A summary of European hotel transactions provided by HVS
Company focused on lifestyle, upper midscale and extended stay brands, as well as market-specific loyalty offerings
Dusit Hotels and Resorts has signed an agreement with Pearl Atoll Pvt Ltd to manage - a 125-key lifestyle resort on a private island near the main island of Mal
NexGen Hotels today announced the acquisition of the Hotel Versey in Chicago, Illinois. Located at 644 W Diversey Parkway, the 137-room hotel will be managed by Genuine Hospitality Group of St. Louis, Missouri.
Positioned along the picturesque coastline of the Arabian Gulf and just a 30-minute drive from Dubai International Airport, the Anantara Sharjah Resort and Anantara Sharjah Residences are set to open in late 2027.
Marriott International, Inc. (Nasdaq: MAR) and KKR today announced the launch of each company's foray into the midscale hospitality space in Japan, which follows KKR's completion of the acquisition of Unizo Hotel Company, Limited and a portfolio of 14 hotels in Japan from Unizo Holdings.
Rotana announced today the signing of a franchise agreement with Signature Complex LLP Islamabad for the opening of its first property in Pakistan.
The 180 keys Vivanta Indore, spread over 2.3 acres is strategically located at a short driving distance from the Devi Ahilyabai Holkar International Airport and the central business district.
The new-build hotel will be located at the heart of Madinah and steps from one of the most historic and significant sites in the region: Al-Masjid an-Nabawi, also known as the Prophet's Mosque.
Name change includes the launch of a new logo and company website.
Sotherly Hotels Inc. (NASDAQ: SOHO) today announced that the Company has executed an extension which includes amended mortgage loan terms on its first mortgage with TD Bank, collateralized by the DoubleTree by Hilton Philadelphia Airport in Philadelphia, PA.
The development is the Company's first beachfront resort and is being built on an island of almost 62 hectares jutting into the Arabian Gulf. Wynn Resorts is developing the project in partnership with Marjan and RAK Hospitality Holding. It is anticipated to be the first integrated gaming resort in the Middle East North Africa (MENA) region.
Rotana announced today at the Arabian Travel Market (ATM) its growing pipeline of planned openings in new territories.
Hotel Stratford San Francisco, Handwritten Collection was built in 1910 and has recently undergone a multi-million-dollar refurbishment, ensuring the unique character of San Francisco shines through in every detail.
Hyatt signs agreement with Knowledge Economic City for two new Hyatt-branded hotels in the Kingdom of Saudi Arabia
Investment volumes in the first quarter of 2024 totalled US$30.5 billion, representing the only region globally to see year-on-year growth
A summary of European hotel transactions provided by HVS
First Major Hotel Sale in the Market Since Early 2023 Signals Rebound of Hotel Market Sales
During its 68th Annual Convention in Las Vegas, Nevada, Choice Hotels International, Inc. (NYSE: CHH) announced the relaunch of Park Inn by Radisson. As part of the strategy with Choice's acquisition of Radisson Hotels Americas in 2022, Park Inn by Radisson is being strategically repositioned into the premium value conversion space.
Starwood Capital Group, Crescent Real Estate LLC and High Street Real Estate Partners today announced that controlled affiliates have completed the sale of the 1 Hotel and Embassy Suites in Nashville, Tennessee, to Host Hotels and Resorts, a lodging real estate investment trust and owner of luxury and upper-upscale hotels. Terms of the transaction were not disclosed.
Twenty-five years ago, The Venetian Resort Las Vegas made waves when it pioneered the convention-hotel concept and delivered Venice's canals to the Las Vegas desert, gondoliers and all. Today, coinciding with this momentous birthday, the iconic resort unveils a new era ushered in by its $1.5 billion reinvestment project.
Accor participated in the Future Hospitality Summit, which returned to Saudi Arabia this year, bringing together the Kingdom's leading industry experts. From 2022 to 2032, the growth rate in the GCC's tourism sector is projected to be 13.6% with a potential market value of 65.5 billion USD.
Spanish hotel group signs first hotel in Laos, increasing presence to seven countries in Asia