LuxUrban Hotels Inc. (Nasdaq: LUXH), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, today announced that The Royalton by LuxUrban, Trademark Collection by Wyndham is expected to begin welcoming guests on or before January 30, 2024.
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Originally announced as a 130-room Holiday Inn & Suites, the Mawson Lakes property in Adelaide has undergone a transformation during the development phase and is now positioned in the upscale space, with higher than anticipated demand coming from corporate, leisure, and conference and event customers.
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IHG Hotels & Resorts has announced the signing of a franchise agreement for a new-build boutique hotel, Hotel Indigo Abha, in partnership with Firdous Abha Hotel Holding Company and under the management of Aleph Hospitality.
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Development to Feature Hotels, Multifamily, Condominiums, Retail, Food & Beverage, Office, Public Parks, and Outdoor Entertainment Venue
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Offer Continues to Undervalue Wyndham and Exposes Wyndham Shareholders to Significant Asymmetrical Risk
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Starwood Capital Group announced today that a controlled affiliate has acquired a portfolio of 10 hotels from Edwardian Group for an undisclosed sum via an off-market transaction.
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Transwestern Hospitality Group (THG) announces it has acquired Hotel Granduca, a 122-key luxury hospitality property on three and a half acres at 1080 Uptown Park Boulevard.
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In 2022, IHG celebrated its 600-hotel milestone in Greater China. Within a mere year and a half, an additional 100 hotels were introduced.
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In 2023, Radisson Hotel Group celebrated a new company record by adding the largest number of keys to its portfolio, amounting to over 30,000 keys through openings and signings. The Group’s flagship Radisson Blu brand continued to be Europe’s largest upper upscale brand for the 12th consecutive year.
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Featuring 193 rooms, 783 residences, six restaurants, award-winning signature spa facilities with state-of-the-art fitness center, and a kids club, the new Address Dubai Mall also boasts an infinity pool with panoramic views of Downtown Dubai, Dubai Fountains, and Burj Khalifa.
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