Indian Hotels Company (IHCL) today announced the signing of a Ginger hotel in Ahmedabad. Located in the heart of the city, the existing hotel will be upgraded to the Ginger brand post renovation. This hotel is an operating lease with Himalaya Elanza Private Limited.
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Louvre Hotels Group, an affiliate of Jin Jiang International, is preparing to enter the Hungarian market in the midscale segment with an 88-room hotel currently under construction in Budapest.
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Weekly Hotel Industry Asia Pacific News Roundup from HVS
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Stonehill, a commercial real estate direct lender, originated a $79.8 million, three-year, floating-rate bridge loan for New York-based Churchwick Partners to support the recapitalization and acquisition of a 12-property, extended-stay hotel portfolio consisting of 1,432 rooms.
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MGM Shanghai West Bund will feature 161 guest rooms and 58 suites
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With the acquisition of the Travelodge portfolio by Salter Brothers now complete, a total of 10 hotels have joined Accor's portfolio, including nine Mercure hotels and an ibis Styles property in Sydney's CBD.
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MCR has acquired the DoubleTree by Hilton Hotel Tallahassee, a 17-story, 242-room hotel in Florida’s state capital. The hotel was purchased as a real estate-owned asset from a special servicer and is the company’s seventh hotel in The Sunshine State.
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IHG has signed a management agreement with Oriental Structural Engineers Pvt. Ltd. to develop a new Holiday Inn hotel – Holiday Inn Gurgaon NH 8 in the NCR region. The new-build property featuring 139 keys is expected to be operational by the first quarter of 2025.
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Radisson Hotel Group announced the signing of a brand-new upscale resort in Mui Ne, the popular beachside destination on the country’s coast, just a short drive from Ho Chi Minh City.
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CHICAGO (July 5, 2022) – Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Regency Jaipur Mansarovar. The property underlines Hyatt’s focus on strengthening its brand…
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