Executives of privately held companies in the hospitality industry say construction financing is harder to get from regional banks now and the costs to build hotels from the ground up have risen.
Source: New feed
Long regarded as an iconic destination in the heart of the nation's capital, Hotel Washington reclaims the name that graced the property when it first opened its storied doors in 1917 as part of a property-wide rebrand.
Source: New feed
The new ME Lisbon will be located on the corner of the downtown avenues of Antonio Augusto de Aguiar and Fontes Pereira de Melo, alongside the Eduardo VII Park and Marquês de Pombal Square, just a short distance from the historic centre of the city.
Source: New feed
The property, built in 2007, was purchased by Onyx Hospitality, based in Boca Raton, Florida, from Insignia Hospitality Group, based in Midland, Texas.
Source: New feed
The 246-key, 29-floor hotel will be situated in a prime location at the flourishing centre of Riyadh; approximately 1.5 kilometres from King Abdullah Financial District and just a 30-minute drive from King Khalid International Airport.
Source: New feed
By 2025, Hilton plans to introduce nearly 10 hotels across five brands in San Juan, Ponce and Dorado
Source: New feed
For the trailing twelve months ended December 31, 2022, the hotel’s net operating income was $4.1 million, and its Hotel EBITDA was $4.8 million.
Source: New feed
Georgia World Congress Center Authority (GWCCA), along with Hilton (NYSE: HLT) and construction company Skanska, celebrated a major construction milestone today with the ceremonial topping off of the 976-room Signia by Hilton Atlanta.
Source: New feed
Marriott International, Inc., today announced plans to expand its portfolio in Greater China with the anticipated addition of 47 hotels in 2023, comprising more than 12,000 rooms, which would bring the company’s presence in the region to more than 500 properties and well over 150,000 rooms by this year’s end.
Source: New feed
IHG has signed a management agreement with Amritsar Golden Hospitality LLP to develop the new Holiday Inn Amritsar Golden Temple in Punjab. Expected to open in Q2 2027, the newly built hotel will add 215 keys to IHG’s portfolio in the city.
Source: New feed