JLL’s Hotels & Hospitality Group announced today that it has closed the sale of 525 Lexington Ave., a 35-story, 655-key, full-service hotel in New York City’s Midtown East neighborhood. The parties have agreed to not disclose the purchase price.
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Hilton (NYSE: HLT) recently announced the signing of its second property in the city of Marsa Alam, Hilton Marsa Wazar Red Sea Resort & Spa. In partnership with Boulevard for Tourism Development, the property will be operated under the Hilton Hotels & Resorts brand.
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Rebrand plans include $110 million transformative renovation to hotel’s guestrooms and public areas, as well as an expansion of meeting and event space
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Resort to Open in 2025
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The 549-room indoor water park resort was officially announced today during a groundbreaking event and is expected to start welcoming guests by mid-2025.
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With these additions, Curator has grown to 98 members, expanding their footprint in Napa Valley, the rapidly expanding Austin market, and the coast of historic Connecticut.
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The asset-light acquisition includes 12 lifestyle hotels (nine managed and three licensed), with another 24 signed long-term management agreements for hotels expected to open in the future.
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Colliers Hotels and Eastdil Secured ILC announced the sale of the InterContinental Montreal on behalf of Pandox AB to Groupe Mach.
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Fourteen hotels and resorts are set to be added to Dusit's portfolio this year across China, Greece, India, Japan, Kenya, Nepal, and Thailand.
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