The Siegel Group announced today that it had acquired the former Sunstyle Suites Inn located in Orlando, Florida. The property, which closed in a quick 30 day off-market transaction, was purchased for $10.33 million.
Source: New feed
Kalahari Resorts and Conventions broke ground in Spotsylvania County, Virginia — it’s fifth resort — on Friday, October 20, 2023. The ceremony marked the beginning of the construction of the 1.38 million-square-foot resort, estimated to open its doors to the public in 2026.
Source: New feed
Apple Hospitality REIT, Inc. (NYSE: APLE) yesterday announced that it has completed the acquisition of the 146-room Residence Inn by Marriott Seattle South/Renton for approximately $55.5 million, or $380,000 per key.
Source: New feed
Indian Hotels Company (IHCL) today announced the signing of its first SeleQtions branded hotel in Sirmaur, Himachal Pradesh. This is a Brownfield property, slated to open in 2024.
Source: New feed
Hilton launches its LXR luxury brand in Italy with the Grand Hotel Gardone Lake Garda, opening in 2026
Source: New feed
Canada-based Cactus Club Cafe to open first Florida location at the Miami trophy tower
Source: New feed
Meliá Hotels International announced the signing of a ground-breaking agreement with Guangzhou Aocheng Investment Company Ltd. This collaboration will mark a significant milestone for Meliá's iconic ME by Meliá brand as it makes its debut in the Asia Pacific region.
Source: New feed
A total of 558 deals were announced in the travel and tourism sector globally during the first three quarters of 2023, which was a decline of 33% compared to the announcement of 833 deals during the same period in 2022, according to GlobalData.
Source: New feed
Over the past 30 years, the property has been inaccessible to the public. This will soon change as the team behind The Springs Resort in Pagosa Springs, CO, announces today that in February 2024, Murrieta Hot Springs Resort will reopen, newly reimagined and ready to welcome guests and the surrounding community.
Source: New feed
A merged company would have 16,500 hotels with 46 brands and dominate the economy/limited service segment.
Source: New feed