Hotel Okura Co. announcde that the Okura Resort Muscat will open in 2027 in Muscat, the capital of the Sultanate of Oman, located at the southeastern tip of the Arabian peninsula. This will the first Okura-branded property and the first Japanese-branded hotel in Oman. The company has contracted with Saud Bahwan Group to manage the new property.
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Braemar Hotels & Resorts Inc. (NYSE: BHR) today announced that it has completed the acquisition of the luxury 210-room Four Seasons Resort Scottsdale at Troon North in North Scottsdale, previously announced on November 1, 2022. The total consideration for the acquisition was $267.8 million.
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Hilton (NYSE: HLT) today revealed plans to extend the Motto by Hilton brand to the UK with the anticipated opening of Motto by Hilton Glasgow on the banks of the River Clyde.
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LuxUrban Hotels Inc. (Nasdaq: LUXH) announced today that it has acquired the long-term rights to the Townhouse Hotel in South Beach, Florida via a 21-year Master Lease Agreement, inclusive of option.
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MCR has acquired the Staybridge Suites Chattanooga Downtown, a five-story, extended-stay hotel with 124 suites in Chattanooga, Tennessee. The hotel was purchased at over a 25% discount to MCR’s estimated replacement cost.
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BWH Hotel Group announced today that SureStay Hotel Group has surpassed 400 properties around the world with 250 hotels now open in North America.
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CHICAGO (December 1, 2022) – Hyatt Hotels Corporation (NYSE: H) and Playa Hotels & Resorts N.V. (NASDAQ: PLYA) today announced the opening of Hyatt Zilara Riviera Maya. Nestled in the secluded…
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All-Inclusive by Marriott Bonvoy Portfolio announces the first JW Marriott and W Hotel in Costa Mujeres, alongside Almare, a Luxury Collection All-Inclusive resort on Isla Mujeres
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InterContinental Hotels Group announced today that it has signed with Shanghai Seagull Holding Group Co., Ltd. to jointly open a luxury hotel – Regent Shanghai on The Bund. The hotel is scheduled to open in 2023 after renovations are completed, becoming the second Regent in Shanghai.
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Blackstone Real Estate Income Trust, Inc. and VICI Properties Inc. (NYSE: VICI) announced jointly today that they have entered into a definitive agreement in which VICI, currently owner of a 50.1% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort, will acquire BREIT’s 49.9% interest in the joint venture for cash consideration of approximately $1.27 billion and VICI’s assumption of BREIT’s pro-rata share of the existing property-level debt.
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