HotelÊindustry leaders are shifting focus to renovating and repositioning existing properties to enhance value and drive revenue. This strategic pivot is driven by high financing costs, labor shortages, and a muted outlook for supply growth, prompting hoteliers to explore creative solutions, such as adaptive reuse and mixed-use developments.
Source: New feed
Accor has announced the signing of Sofitel Jabal Omar Makkah, a new hotel set to open in 2026 in Makkah, Saudi Arabia, featuring 1,141 rooms and suites.
Source: New feed
A summary of European hotel transactions provided by HVS
Source: New feed
Weekly Hotel Industry Asia Pacific News Roundup from HVS
Source: New feed
Four Seasons, in partnership with Red Sea Global, plans to develop 75 private residences on Shura Island, part of the Red Sea tourism project in Saudi Arabia.
Source: New feed
Reservations and pre-sale tickets are now available for Dolly Parton’s SongTeller Hotel and Dolly’s Life of Many Colors Museum, both set to open in June 2026 in downtown Nashville.
Source: New feed
Premier Inn has obtained planning permission for a second hotel in Cork, Ireland, with construction set to begin in early 2026.
Source: New feed
The Grand Bay Hotel San Francisco has affiliated with Marriott, with plans to renovate and rebrand as Marriott Redwood Shores by 2027.
Source: New feed
Indian Hotels Company (IHCL) has signed an agreement to develop a Taj hotel in Pondicherry. The project will be constructed on a greenfield site and is set to expand the company’s presence in the region.
Source: New feed
Hilton has announced it has surpassed 100 hotels in operation and development in Saudi Arabia, with a total owner investment of $8 billion.
Source: New feed