Baglioni Hotels & Resorts, the leading Italian hotel company with presence in Rome, Florence, Milan, Venice, Sardinia, Apulia, London and Maldives, announced a strategic financial partnership with the Mexican company Palace Resorts. This structured initiative includes Palace Resorts becoming the majorirty shareholer of Cogeta Spa – holding company of Baglioni Hotels & Resorts – acquiring 75% of the company.
Source: New feed

Six Senses will open its first Australian property at Burnham Beeches, the heritage mansion and 22-hectare estate designed by architect Harry Norris in 1933 for the Nicholas 'Aspro' Family.
Source: New feed

CHICAGO (November 14, 2022) – Hyatt Hotels Corporation (NYSE: H) today announced plans for the expansion of Hyatt’s Inclusive Collection – a new global portfolio of distinct luxury…

Source: New feed

CHICAGO (November 14, 2022) – Hyatt Hotels Corporation (NYSE: H) today announced plans for the expansion of Hyatt’s Inclusive Collection – a new global portfolio of distinct luxury…

Source: New feed

JLL worked on behalf of the sponsorship, a joint venture between GD Holdings, Stonebridge Development Co. and Copford Capital Management LLC, to secure the acquisition financing through Credit Suisse.
Source: New feed

Launches new midscale brand Park Inn & Suites by Radisson in India
Source: New feed

MCR has acquired the Homewood Suites by Hilton Kansas City Speedway, a four-story, extended-stay hotel with 108 suites in Kansas City, Kansas. Opened in 2018, this is the company’s first hotel in The Sunflower State.
Source: New feed

The property, built in 2017, was sold through a competitive traditional marketing process. It was purchased by Capital One Hotels, based in Houston, Texas, from Ta Vu LLC, also based in Houston.
Source: New feed

During the third quarter, Choice Hotels International, Inc. (NYSE: CHH) signed an agreement with Noble Investment Group (Noble) to develop nine WoodSpring Suites hotels in Georgia and South Carolina over the next two years, signaling increased institutional interest in the largest economy extended-stay brand in the market.
Source: New feed

Weekly Hotel Industry Asia Pacific News Roundup from HVS
Source: New feed