As Saudi Arabia continues to fulfill its vision of becoming a world leader for international travel and tourism, Hilton (NYSE: HLT) has announced plans to open over 50 new hotels across 10 of its brands, making the country the company’s largest pipeline market in Europe, the Middle East and Africa (EMEA).
Source: New feed
Month: August 2023
HVS Asia Pacific Hospitality Newsletter – Week Ending 11 August 2023
Weekly Hotel Industry Asia Pacific News Roundup from HVS
Source: New feed
Accor to Manage Historical Hotel Magyar Király in Hungary
Thanks to the agreement signed with the owner, Balance 99 Zrt., the group will franchise the unique historical four-star Hotel Magyar Király in the heart of Székesfehérvár, in the renewed historic area of the city.
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Hilton to Bring Its Hilton Hotels & Resorts and Canopy by Hilton Brands to Abha City, Saudi Arabia
Hilton has signed two new properties to open in 2026 under its Hilton Hotels & Resorts and Canopy by Hilton brands: Hilton The Point Residences and Canopy by Hilton The Point
Source: New feed
Hilton Announces Signing of Canopy by Hilton Porta Jeddah
The hotel is set to be developed in partnership with Al Akaria Real Estate Co. and is expected to open its doors in 2028.
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Conrad Riyadh Laysen Valley Hotel Announced for Early 2025
Hilton (NYSE: HLT) has announced the signing of an agreement with Mashareq Investment to open Conrad Riyadh Laysen Valley at the beginning of 2025. The Conrad Hotels & Resorts property will be the second for the brand in Saudi Arabia, joining Conrad Makkah.
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Civitas Announces Senior Loan Close in Embassy Suites Chicago Naperville Hotel Transaction
This loan will be used to refinance an existing loan on behalf of the owner, a joint venture between Brookfield Reinsurance/ANICO and Superhost Hospitality.
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Quality Suites Austin South Hotel in Austin, Texas Listed for Sale
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 51-key Quality Suites South Austin, an interior-corridor, limited-service hotel in the highly sought-after Austin market.
Source: New feed
Qdoba Expects to Double in Size
With 750 restaurants in 45 states, the privately held QDOBA expects to double in size over the next decade, with plans to open 40 new restaurants this year, followed by 60 in 2024, and 80+ annually beginning in 2025.
Source: New feed
Hyatt and Hongkong Land Announce Plans for Hyatt Centric East CBD Chengdu Hotel
The lifestyle hotel is set to open in 2025 in the city’s commercial complex, the Ring Chengd
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