Marriott International, Inc. yesterday announced it expects to open 14 additional luxury properties in Asia Pacific by the end of 2023. The planned additions highlight the strategic growth of Marriott International's luxury hotel portfolio in the region, where it currently operates 156 luxury properties.
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IHG Hotels & Resorts has announced the signing of a Management Agreement with Saudi Investment Group and Marketing Co (SIGMAC), a wholly owned subsidiary of Ghazzawi Group, for its second Hotel Indigo in Jeddah.
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-Hyatt Hotels Corporation (NYSE: H) announced today strategic brand growth in the Latin America and Caribbean region with a strong development pipeline of more than 20 planned luxury and lifestyle hotels and resort openings through 2024, including the expansion of Hyatt brands into new markets.
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Sofitel Shanghai South will be a landmark among the new development of Zhuanghang Town in the Fengxian District – one of the city's most historically fascinating, fastest-growing areas, with a major revitalization plan underway.
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Accor is expanding its footprint in the Kingdom’s capital with the signing of a 170-key serviced apartment property, the very first Novotel Living to operate in Riyadh. The newly built property is set to open in 2026.
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The 217 units associated with this luxury hotel is the first step in the Company’s post IPO scaling strategy and increases units by 34% bringing CHG’s total units under long-term lease to 853. CorpHousing plans to start operating this property during Q4 2022.
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Choice Hotels International, Inc. (NYSE: CHH), signed an agreement on July 29, 2022, with Colorado-based real estate investment firm ServiceStar Capital Management to develop 21 new Everhome Suites hotels.
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At this year's Future Hospitality Summit held in the UAE, the Group announced tenacious expansion plans as it sets to add over 5,000 keys to its portfolio in the next five years.
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Scheduled for a Late 2023 Opening, the Hotel Will Be 3rd Property Globally for the Brand
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Weekly Hotel Industry Asia Pacific News Roundup from HVS
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