Four Seasons Hotels and Resorts is concluding management of Palazzo Tornabuoni Firenze as of December 31, 2023 on expiration of the current term of its agreement.
Source: New feed
Shaner Hotels today announced the acquisition of the 86-room Hampton Inn & Suites by Hilton Hershey in Pa. Shaner also will operate the property and plans to implement $1.2 million in renovations to completely remodel guest rooms.
Source: New feed
Novotel Melbourne Box Hill will feature 132 guestrooms, conference and events facilities including a 200-capacity ballroom.
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IHG Hotels & Resorts announced an agreement with AXA Life Insurance Company to open InterContinental Sapporo in late 2025. InterContinental Sapporo will be IHG’s fifth hotel in Hokkaido, its first luxury hotel In Sapporo and its eleventh InterContinental-branded hotel in Japan.
Source: New feed
IHG Hotels & Resorts has signed a Master Development Agreement (MDA) with Tashyid for Hotel Operations, which will see the development of 12 hotels and 2,500 keys under the Holiday Inn Express brand across the Kingdom of Saudi Arabia.
Source: New feed
JLL Capital Markets announced today that it arranged $76 million in acquisition financing for the St. Regis, a five-star, 192-key, luxury hotel in Chicago.
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Zoëtry Halkidiki, a new boutique, all-inclusive resort, expected to mark the second Zoëtry Wellness & Spa Resorts property in the Inclusive Collection, part of World of Hyatt European portfolio
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Weekly Hotel Industry Asia Pacific News Roundup from HVS
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Are they cautiously optimistic? Are they sensibly looking at the long-term play? On the first day of the International Hotel Investment Forum, there were almost as many opinions as there were attendees of the conference.
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Jack in the Box Inc. (NASDAQ: JACK) announced today that it signed a 22-unit commitment in four northern Mexican States. This marks the first franchise agreement in Mexico for Jack in the Box in over 30 years.
Source: New feed