In the recently released Hotel Construction Pipeline Trend Report from Lodging Ecomometrics (LE), Asia Pacific’s total construction pipeline, excluding China, continued to show steady year-over-year (YOY) growth to end the third quarter of 2023 at 1,929 projects/398,199 rooms, up 3% by projects YOY.
Source: New feed
Trump Hotels and Irongate announced today that, after over a decade of successful operation, they have come to a mutual agreement for a significant buyout of the hotel management and license agreements for the Trump International Hotel, Waikiki.
Source: New feed
Scheduled to open in mid-2025 under the ownership of McDermid Management, voco Missoula Downtown will sit along the scenic Clark Fork riverfront and within two miles of the University of Montana.
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Irongate and Hilton (NYSE: HLT) announced plans for a transformation of one of Hawaii's most revered properties. The Trump International Hotel, Waikiki, will be reborn as Wākea Waikiki Beach under the management of LXR Hotels & Resorts officially taking place February 2024.
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Gary Neville's £400m (S$665million) St Michael's development in the very heart of Manchester will be home to W Residences in a major deal with Marriott International.
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Indian Hotels Company (IHCL) today announced the signing of two new Taj-branded hotels in Phobjikha and Paro, in Bhutan.
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A total of 621 deals* were announced in the travel and tourism sector globally during January-October 2023, which was a decline of 31.8% compared to the announcement of 911 deals during the same period in the previous year, finds GlobalData.
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Hyatt Hotels Corporation (NYSE:H) and Extell Development Company today announced the planned expansion of the Grand Hyatt brand in Park City, Utah. Expected to open late 2024, Grand Hyatt Deer Valley will mark the debut of the Grand Hyatt brand in Utah and will be located at the famed Deer Valley Resort.
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JLL’s Hotels & Hospitality group represented JNR Management Inc in the sale of the 100-room hotel
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Banff’s newest hotel, Moxy Banff, is slated to open in January 2024 in the Canadian Rockies. Moxy Banff has been developed in partnership with Drumheller-based company, Canalta Hotels.
Source: New feed