Hilton (NYSE: HLT) today announced the signing of a management agreement for a new hotel in Jeddah. The hotel is owned by AlAhli REIT Fund (1), a listed investment fund managed by SNB Capital. In the coming years, Hilton expects to grow its portfolio in Saudi Arabia to more than 75 hotels.
Source: New feed
A total of 179 deals were announced in the global Travel and Tourism sector during the first quarter (Q1) of 2023, which is a 40.7% decline compared to the announcement of 302 deals during the same period in 2022.
Source: New feed
Marriott International, Inc. announced it has signed a management agreement with Shengyuan Cultural Tourism to bring the iconic St. Regis brand to Xiamen in 2027.
Source: New feed
Weekly Hotel Industry Asia Pacific News Roundup from HVS
Source: New feed
HVS Brokerage & Advisory announces the sale of the lender-owned (REO), 111-key, former Quality Inn & Suites Houston – Sugar Land, located at 14444 Southwest Freeway, Sugar Land, Texas 77478.
Source: New feed
JLL’s Hotels & Hospitality Group announced today that is has advised Inzigna Capital on the brand selection for the new Mondrian Hotel & Residences development in Tulum, Mexico.
Source: New feed
The 231-key InterContinental Bursa is being developed in partnership with owner Atis Yapi. The new-build InterContinental Bursa is expected to open in late 2024 in Türkiye’s fourth largest city with a population of over 3 million people.
Source: New feed
Hilton (NYSE: HLT) and Dangayach Group have announced the signing of a branding and management agreement for the launch of Waldorf Astoria Jaipur, marking the debut of Waldorf Astoria Hotels & Resorts in India.
Source: New feed
The collaboration will introduce voco hotels to Indonesia with the newly-built voco Bali Seminyak in 2024, and also open a second Holiday Inn Express property on the island following the conversion of an existing building to Holiday Inn Express Bali Sunset Road.
Source: New feed
Radisson Hotel Group announced the upcoming debut of its brand, Radisson Collection in India with the signing of the first hotel in Hyderabad.
Source: New feed