With the launch of the new franchise model, Hilton is offering a Hilton Garden Inn brand prototype developed specifically for the Chinese market, which was originally launched in 2019.
Source: New feed
A summary of European hotel transactions provided by HVS
Source: New feed
Oxford Capital, Hunter Pasteur to Break Ground on The Godfrey Hotel Detroit in Historic Corktown
Source: New feed
Site preparation works have commenced, and construction began in July 2021. The Red Sea Project has already passed significant milestones on the destination and work is on track to welcome the first guests by the end of 2022, when the first hotels will open. Phase One, which includes 16 hotels in total, will complete by 2023.
Source: New feed
CHICAGO, September 27, 2021 — Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H), a leading global hospitality company, announced today the pricing of its public offering of:…
Source: New feed
The purchase price represents a multiple of approximately eight times adjusted EBITDA, inclusive of expected operational synergies and identified revenue growth opportunities.
Source: New feed
Rotana, announced today at the Arabian & African Hospitality Investment Conference (AHIC) the signing of a new project with Bin Al Sheikh Holding Group, a well-diversified Qatari business conglomerate. The project includes the management of a 400-key Arjaan Hotel Apartments by Rotana and 103-keys under The Residences by Rotana brand.
Source: New feed
Choice Hotels International, Inc.'s (NYSE: CHH) Ascend Hotel Collection recently added four properties to its portfolio of hotels: Haywood Park Hotel in Downtown Asheville, North Carolina; Elevate Hotel at Sierra Blanca Ruidoso in Ruidoso, New Mexico; The Inn at Leonardtown in Leonardtown, Maryland and The Leo Collection Detroit in Lincoln Park, Michigan.
Source: New feed
The Hotel is situated on two acres of urban core and features hotel rooms, one- and two-bedroom suites, a pool, fitness center, business center, and breakfast area. The acquisition closed on August 31, 2021, at a purchase price of $8.9 million.
Source: New feed
Scheduled to open in 2024, the 275-room Hotel Indigo Bandung Dago Pakar will be located in the Dago neighbourhood, in the northern region of Bandung.
Source: New feed