Hotel101 Global has signed agreements to develop two large hotel projects in Phnom Penh and Sihanoukville, Cambodia, expected to be completed by 2028.
Source: New feed
Trinity Investments has sold a majority stake in the Hyatt Regency Greenwich to Certares Real Estate Management, following a $35 million renovation.
Source: New feed
IHG Hotels & Resorts has announced plans to open a voco-branded hotel in central Bangkok in 2029.
Source: New feed
Hotel Granada in Atlanta has been added to the Design Hotels portfolio and will participate in the Marriott Bonvoy program.
Source: New feed
Marcus & Millichap Capital Corporation has arranged $7,764,750 in financing for Cocoa Lofts, a 154-unit extended-stay property in Cocoa, Florida.
Source: New feed
Weekly Hotel Industry Asia Pacific News Roundup from HVS
Source: New feed
Peachtree Group has closed a $176.5 million CPACE loan for the renovation of the Rio Hotel & Casino in Las Vegas, marking one of the largest CPACE financings in the U.S.
Source: New feed
Access Point Financial has acquired $98 million in risk retention bonds as part of a $653 million refinancing of a 15-hotel portfolio owned by Atrium Holding Company.
Source: New feed
Soho House & Co Inc. has entered into a definitive agreement to be acquired by an investor group led by MCR, with shareholders receiving $9.00 per share in cash, valuing the company at approximately $2.7 billion.
Source: New feed
Indian Hotels Company Limited (IHCL) has announced an agreement to open 10 new Ginger hotels in southern India, adding more than 1,000 rooms through an operating lease arrangement.
Source: New feed