Weekly Hospitality Industry Asia Pacific News Roundup from HVS
Source: New feed

The four-year, floating-rate loan retires $250 million in outstanding seller-financing that was sourced when MCR Hotels and Island Capital acquired the hotel in April 2022. The new financing was provided by funds managed by affiliates of Fortress Investment Group LLC .
Source: New feed

Set in a quiet, undeveloped 11-acre stretch of Grace Bay Beach, Kempinski Grace Bay features 431 feet of white sand beachfront.
Source: New feed

Choice Hotels International, Inc. (NYSE: CHH) continues its growth in the extended stay segment with three new Everhome Suites under construction, and six more in various stages of development across the Southern California region.
Source: New feed

Pebblebrook Hotel Trust (NYSE: PEB) announced today that on November 14, 2023, it closed on the sale of the 221-room Hotel Zoe Fisherman’s Wharf in San Francisco, California for $68.5 million to a third party.
Source: New feed

KFC gears up to open its 1,000th restaurant in both India and Central & Eastern Europe
Source: New feed

IHG Hotels & Resorts has announced the signing of Holiday Inn & Suites Taif and Staybridge Suites Taif, in partnership with Al Jumaiah Group. Both properties are set to open in Q4 2025 in the Al Shafa, Taif, a destination located 2,500 meters above sea level and known for its historical sites
Source: New feed

Mondrian Bucharest will be located at 8-10 Georges Clemenceau Street, near the Romanian Athénée, where One United Properties has previously bought an unfinished building with the intention to transform it into a hotel.
Source: New feed

Radisson Hotel Group and Crown Regency Hotels & Resorts has today announced the signing of the Crown Regency Grand Paradise Resort Bohol, a member of Radisson Individuals, a brand-new five-star resort under Radisson Hotel Group's affiliation brand.
Source: New feed

Set to open in summer 2025, YOTEL Kuala Lumpur will be located in Kuala Lumpur City Centre
Source: New feed