DiamondRock Hospitality Company (NYSE: DRH) announced on Friday it has acquired the fee simple interest in the 245-room AC Hotel Minneapolis Downtown for $30 million, or approximately $122,000 per key, with cash on hand.
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The Sofitel Legend Pyramids Giza is expected to open in 2022.Ê
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The Indian Hotels Company (IHCL) has announced plans to open a new Ginger hotel in Diu, part of the Union Territory of Daman and Diu.
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Hyatt Hotels Corporation and Shebandowan Holdings, S.A. plan to open Hotel La Compa-‘a del Valle in Valle de Anton, Panama, in early 2025.
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Following successful market entries in Croatia and Albania, the company aims to open five new hotels and resorts in the region by 2027.
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Through this partnership, Wyndham will vet and directly connect eligible owners with Lafayette Square, which intends to provide up to $100 million in combined financing over the coming years to help hoteliers advance otherwise stalled projects.
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Dusit International has inked a Memorandum of Understanding (MoU) with Saudi Arabia’s Tourism Development Fund (TDF). This partnership establishes a framework for developing hospitality projects to enhance Saudi Arabia’s tourism sector.
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A total of 583 deals (mergers and acquisitions (M&A), private equity, and venture financing) were announced in the Travel and Tourism sector from January to October 2024.
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CHICAGO (NOVEMBER 14, 2024) – Hyatt’s award-winning loyalty program, World of Hyatt, in collaboration with Headspace, the world’s most accessible and comprehensive mental health platform,…
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CHICAGO (November 14, 2024) – Hyatt Hotels Corporation (NYSE: H) and Shebandowan Holdings, S.A. today announced plans for Hotel La Compañía del Valle in Valle de Anton, Panamá, slated to open…
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