The 800-room, 17-story property, slated for completion in late 2027, will be an anchor for Miami Beach’s Convention Center District. It will provide new luxury accommodations and public spaces, as well as improved connectivity and infrastructure upgrades.
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The company is preparing to launch six additional hotels nationwide under its Dusit Princess and Dusit Collection brands.
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The transaction price is approximately $203,670 per room, representing an 8.6x multiple on the property’s Hotel EBITDA.
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The residences, ranging from 3 to 4 bedrooms and 4,000 to 6,000 square feet, are just 30 minutes from Palm Beach.
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The latest hotel signings include Radisson Blu Resort & Spa in Pawna Lake, Radisson Blu Hotel in Lucknow CBD, Radisson Hotel in Rajkot, and two conversions – St. Marks Hotel, a member of Radisson Individuals in Bangalore CBD, and Temple Tree Hotel Shirdi, a member of Radisson Individuals in Shirdi.
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The 132-room luxury hotel will be located in the heart of Porto, Portugal’s second-largest city, and will feature extensive public spaces, multiple dining concepts, and designed green spaces.
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Mandarin Oriental, a leading hotel and resort group, has announced its official takeover of the management of the legendary H(TM)tel Lutetia, now known as Mandarin Oriental Lutetia, Paris.
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Accor and InterGlobe are strengthening their partnership to create India’s fastest-growing hospitality enterprise. By 2030, they aim to have a network of 300 hotels under Accor brands.
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The expansion includes renovating The Lodge at Suncadia, adding a new community hub, Suncadia Social, and expanding residential communities.
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IHG Hotels & Resorts has signed the first Voco hotels inÊTurkey, in partnership with Põnarlar Kurumsal Hizmetler Turizm A.S. The hotel, Voco Antalya Konyaaltõ, is expected to open in the summer of 2025.
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