This decline spanned various deal types, including mergers and acquisitions (M&A), private equity, and venture financing, with economic uncertainties and geopolitical tensions playing a significant role in shaping this trend.
Source: New feed
The iconic Fontainebleau brand has arrived on the Las Vegas Strip as Fontainebleau Las Vegas, the luxury resort and casino brought to life by Fontainebleau Development, announces its global debut set for Wednesday, Dec. 13, 2023 pending regulatory approvals.
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The transaction adds 17 hotels to First Hospitality's management portfolio, bringing the total to over 70 hotels with more than 10,000 keys and supported by over 3,200 world-class associates. The company's footprint now extends to markets in California, Texas, and Florida, while further strengthening its presence in key Midwestern markets.
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Accor is expanding its presence in Japan with the addition of the Daiwa Resorts portfolio, adding 23 properties and over 6,000 rooms to its nationwide network. All hotels are set to open simultaneously in Q2 of 2024, and reservations will begin from 6 November, 2023.
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CHICAGO (September 18, 2023) – Hyatt Hotels Corporation (NYSE: H) continues to strategically grow its luxury and lifestyle brand footprint with a strong development pipeline of more than 30…
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CIM Group announced today that its CIM Real Estate Debt Solutions business closed on behalf of a CIM managed fund a $34.97 million senior loan to a joint venture between Monarch Alternative Capital and HHM Hotels secured by the dual-branded Aloft/Element hotel in Orlando and a $28.9 million whole loan to Newbond Holdings secured by the Aloft in Tampa.
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As transactional volumes in Brisbane’s hotel market continue to increase through 2023, a Queensland-based hotel group has just acquired the freehold interest in Quest Chermside.
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Strategic growth highlighted by airport hotel expansion, investments in portfolio-wide Hyatt Place renovations by Service Properties Trust, and preview of the Hyatt Studios brand at The Lodging Conference
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CHICAGO (September 15, 2023) ––Hyatt Hotels Corporation (NYSE:H) announced today the opening of Andaz Macau in collaboration with Galaxy Macau™, the city’s prestigious luxury shopping,…
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CHICAGO (September 14, 2023) – Hyatt Hotels Corporation (NYSE: H) announced today the continued strategic growth of the Hyatt Place and Hyatt House brands throughout 2023. This growth includes…
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