Canopy by Hilton to Make Thailand Debut in 2022

176-room Canopy by Hilton Bangkok Sukhumvit, signed with Lucky Living Properties Co., Ltd., will bring a new hotel and all-day restaurant and bar to city’s prime district
Source: New feed

Four Seasons Hotel and Private Residences Cartagena Announced

Located on the doorstep of Cartagena’s historic walled city, a UNESCO World Heritage site, Four Seasons Hotel and Private Residences Cartagena will revitalise and restore several culturally significant buildings dating as far back as the 16th century, including the Cloister of Saint Francis (Claustro de San Francisco) that includes the 16th-century Saint Francis Church; the Club Cartagena, a 1920s Beaux Arts masterpiece; and four renowned theatres, Teatro Cartagena, Teatro Calamarí, Teatro Bucanero and Teatro Rialto.
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Ashford Announces Acquires Remington's Hotel Management Business for $275 Million

After the completion of this transaction, Ashford will add hotel property management to its growing list of hotel-related businesses, which already includes hotel asset management, Premier Project Management, J&S Audio Visual, OpenKey, Pure Wellness, RED Hospitality & Leisure, and Lismore Capital.
Source: New feed

Hotel Amarano Burbank in Los Angeles Sold for $72.9 Million

The contracted sale price reflects a 15.8x EBITDA multiple and a 5.7% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel revenues) based on the hotel’s operating performance for 2018.
Source: New feed