In a review of hotel transactions for the first six months of the year, hotel industry experts say that the cost of capital and sellers holding out for a higher price while would-be buyers seek a better deal are slowing the pace, but there's potential for a turnaround.
Source: New feed
Hilton (NYSE: HLT) has announced the signing of Hilton Garden Inn in Hyderabad. Set to open in 2027, Hilton Garden Inn Hyderabad North was signed with real estate development company Gohar Paradise and will bring the first Hilton Garden Inn brand hotel to Sindh, Pakistan.
Source: New feed
Set to open in 2026, the 85-room hotel will take a prime beachfront location in the picturesque town of Chania and all guest rooms will feature a private pool.
Source: New feed
Clarion Pointe, a midscale select-service brand founded in 2018 and franchised by Choice Hotels International, Inc. (NYSE: CHH), is continuing its expansion with 60 hotels open and more than 50 hotels in the pipeline.
Source: New feed
Equinox Hospitality has acquired the Four Points by Sheraton San Rafael Marin County for $38 million. This acquisition marks Equinox's fifth successful addition to its hotel portfolio in the past year.
Source: New feed
A total of 365 deals (mergers & acquisitions, private equity, and venture financing deals) were announced in the travel and tourism sector globally during the first half (H1) of 2023, which was a decline of 38.8% compared to 596 deals announced during the same period in the previous year, reveals GlobalData.
Source: New feed
District Hospitality Partners, a privately held hospitality investment group that owns properties nationwide, announced today the acquisition of the Westin Annapolis.
Source: New feed
Inspired by the sea and designed to redefine luxury in the Caribbean, The Loren at Turtle Cove will open in 2026 with six private beachfront villas, 25 condominium units and 33-guest suites.
Source: New feed
CHICAGO, IL (July 13, 2023) – Hyatt Hotels Corporation (NYSE: H) announced today that Calistoga Motor Lodge and Spa, a retro-inspired property with 97 guestrooms and suites, has joined the JdV…
Source: New feed
The 100-key hotel is strategically located in the city centre at a short driving distance from both the Kolhapur airport as well as important commercial districts.
Source: New feed