This expansion propels Peachtree’s managed operations past the 100-hotel mark. The newly acquired properties are majorly Marriott, Hilton, and IHG-branded hotels in the Detroit metro area.
Source: New feed
Hotel group Mandarin Oriental is increasing its presence in the United States with its latest project on Miami’s Brickell Key. This is part of a series of planned projects in Mexico and Grand Cayman as the company strategizes its expansion in selected market
Source: New feed
The hotel, expected to open in late 2026, will offer 412 rooms and suites, an all-day dining restaurant, a tea salon, and a sky bar with panoramic airport views.
Source: New feed
The five-year, non-recourse financing has been used to pay off the original construction loan for the hotel.
Source: New feed
The property, previously a seven-story hotel in StockholmÕs central Norrmalm district, will be converted into a tech-powered, design-led space, expected to be completed by summer 2025.
Source: New feed
The Indian Hotels Company (IHCL) has announced its acquisition of the majority shareholding in Tree of Life, an operating company associated with Ambuja Neotia Group. This move signifies IHCL’s foray into the experiential leisure segment.
Source: New feed
This marks the largest hotel transaction in the Miami market this year. Tricap sold the property to the Reuben Brothers.
Source: New feed
In a strategic move to expand its lifestyle hotel division and presence across the U.S., PM Hotel Group has announced a merger with Sightline Hospitality.
Source: New feed
Hyatt Hotels Corporation has announced a new management agreement with Veda Hospitality Private Limited, part of the Golyan Group, to develop Hyatt Regency Lumbini.
Source: New feed
The hotel is expected to reopen under the new brand by the end of 2024, becoming Mexico’s second Hyatt Centric property.
Source: New feed