Park Hotels & Resorts Inc. has successfully completed the sale of the Hyatt Centric Fisherman’s Wharf in San Francisco for $80 million, or $253,000 per key.
Source: New feed
Minor Hotels has signed a strategic hotel management agreement with Seven Tides for a property on Palm West Beach in Dubai. The new addition, effective from August 2025, includes 273 hotel keys and 287 serviced apartments, making Minor Hotels the largest operator on the Palm’s Trunk.
Source: New feed
KSL Capital Partners has taken a majority stake in Soneva Group. Neil Gallagher appointed as the new CEO of Soneva Group.
Source: New feed
Ashford Hospitality Trust Inc. has signed an agreement to sell the Hilton Houston NASA Clear Lake. The transaction, priced at $27 million, will be finalized by June 2025, contingent upon typical closing conditions.
Source: New feed
The development is part of IHCLÕs strategic roadmap to expand its multi-brand presence in the region to 30 hotels by 2030.
Source: New feed
The renovation is scheduled to begin after Labor Day and is anticipated to be completed in January 2026.
Source: New feed
The development of the project, which will span 20 hectares on the Gulf of Papagayo in the Guanacaste region, is expected to begin in July of this year, with a planned opening in early 2027.
Source: New feed
DoubleTree by Hilton has reached two significant milestones: the opening of its 700th hotel and expansion into its 60th country and territory. The brand’s growth over the past year has included notable firsts in Nice, Laos, the Azores Islands, and Malta.
Source: New feed
Nehmer and HVS Design have released the 2025 Hotel Cost Estimating Guide, a detailed list of construction and FF&E expenses for hotel renovations
Source: New feed
Marriott International has announced the global launch of its new collection brand, Series by Marriott. This launch is part of Marriott’s continuous expansion into the midscale and upscale lodging segments worldwide. The initial launch of this brand will be through a partnership with Concept Hospitality Private Limited (CHPL), one of India’s leading hotel management companies.
Source: New feed