The project will develop a unique tourist, residential and commercial destination on Jeddah’s waterfront corniche – Redevelopment is in line with Vision 2030, acting as an enabler for tourism and a catalyst for private sector growth
Source: New feed

Seeking to attract the travel-minded millennial generation, Hilton Worldwide is going smaller, cheaper, and more local with what it’s calling a ‘hostel on steroids,’ CEO Christopher Nassetta said at the Skift Global Forum in New York on Tuesday.
Source: New feed

Daufood, the master franchisee for Domino’s Slovakia, has opened the store in cooperation with its local franchisee APIM Gastro, which is led by Ivan and Mario Apostolov.
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Blais, whose other ventures include the highly acclaimed Juniper & Ivy and popular new chicken concept, Crack Shack, will bring his fine dining knowledge and considerable experience in the fast-casual space to the upstart Tasty Made concept, which opened its first location in October 2016.
Source: New feed

Crystal Investment Property, LLC, a licensed Oregon broker, represented the Seller and Buyer in the sale. Joseph P. Kennedy, President of CIP, worked closely with the Seller and Buyer, as well as the parties’ other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential.
Source: New feed

Choice Hotels International, Inc. (NYSE: CHH) signed an agreement with York Investment Properties, LLC, to develop a new Cambria hotel in Fort Mill, S.C. The 124-room property will be located within the company’s mixed-use development site.
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Noble Investment Group today announced the acquisition of the Staybridge Suites Tysons-McLean. The newly renovated, all-suite, extended-stay hotel is located in downtown McLean, part of the greater Tysons Corner market of Washington, D.C.
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Nobu Hotel São Paulo will not only offer Nobu’s sought after gastronomic offering directly to guests’ rooms but will also feature a rooftop bar and pool, event space, fitness and health center and 15,000 square meters of exclusive Nobu Residences.
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YOTEL announced today that a fund affiliated with Starwood Capital Group has committed to making a strategic investment of $250 million in YOTEL, including acquiring a 30 percent stake in the company and investing in real estate acquisitions for new build, hotel conversion and adaptive reuse properties as YOTEL expands its international scale.
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Following comprehensive consumer research, Red Roof has launched The Red Collection, the first soft brand in the company’s 44-year history, with the opening of the first property, The St. Clair Hotel in Downtown Chicago.
Source: New feed