IHG Hotels & Resorts has signed a management agreement with The King Abdullah Financial District Management and Development Company (KAFD DMC), a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), to bring the first Kimpton hotel in the region to Riyadh, Saudi Arabia.
Source: New feed

HVS Hodges Ward Elliott (HVSHWE) has announced that Tim Barbrook has joined as head of Debt Advisory, launching the firm’s hotel & leisure debt advisory capabilities across the UK and Europe.
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The two hospitality companies have penned a Master Collaboration Agreement that will see Radisson Hotel Group become La Vie's Hotels & Resort's preferred partner, enabling La Vie to develop, manage and operate properties under five brands.
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DPC Dash expanded presence into Qingdao, Changzhou and Wenzhou on April 29, 2023. DPC Dash operates 638 stores across 20 cities in China as of April 30. DPC Dash targets approximately 180 new stores in 2023, and approximately 240 new stores in 2024.
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CHICAGO (May 4, 2023) – Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) today reported first quarter 2023 financial results. Highlights include: Net income was $58 million in the…

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The MOU provides a framework for both entities to explore methods to increase inbound visitation to Saudi Arabia from key markets across Middle East and Africa region.
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Located at 117 East Spring Street in New Albany’s Downtown Historic District, the hotel is an adaptive reuse of the Elsby Building, a 100-plus year-old building that previously housed office space.
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VIVA Foods Secures 50-Unit Franchise Deal to Bring Fast-Casual Brands to Southeast Asia
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Positioned on approximately 1,300 miles of shoreline, the Shangri-La Resort & Marina is recognized as the only full-service resort complex on northeastern Oklahoma's Grand Lake O' The Cherokees.
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Rotana announced today its entry into the United Kingdom (UK) with the launch of two new properties under its hotel and serviced apartment brand, Centro, Centro New Malden and Centro Kingston.
Source: New feed