The hotels span the country from the Pinheiros District in São Paulo to the northeastern coast in the Flecheiras Village.
Source: New feed

The sale price of $58.3 million reflects a 15.3x EBITDA multiple and a 5.9% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel revenues) based on the hotel’s operating performance for 2018.
Source: New feed

The signing comes on the heels of the brand’s first opening in Asia in March 2019 – Kimpton Da An in Taipei.
Source: New feed

InterContinental Yokohama Pier 8 will be built on the premises of the ‘Yokohama Hammer Head Project’ which is developed by SHINKO PIER CRUISE TERMINAL Co.,Ltd. in collaboration with Yokohama City. The new-build luxury hotel will be located in the same building as a cruise ship terminal where large cruise ships will be anchored.
Source: New feed

IHG (InterContinental Hotels Group) has signed a Management Agreement with Omenport Developments Ltd for Hotel Indigo London – Clerkenwell. The 151-room hotel will be the fifth Hotel Indigo in London and is expected to open in early 2021.
Source: New feed

Development will be first Element by Westin hotel in Nashville
Source: New feed

The 150 guestroom Canopy by Hilton Cape Town Longkloof is expected to begin welcoming guests in 2021 and will be the brand’s debut property in Africa.
Source: New feed

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into an agreement with an affiliate of Sun Hung Kai Properties Limited to rebrand the 665-room Hotel VIC on the Harbour to Hyatt Centric Victoria Harbour Hong Kong by the third quarter of 2019.
Source: New feed

This expansion is comprised of seven Park Hyatt branded properties, six hotels each under the Grand Hyatt and Andaz brands and two Alila branded resorts, increasing Hyatt’s luxury portfolio in the region by more than 25%.
Source: New feed

Sheraton Hotels & Resorts has unveiled the transformation of the iconic Sheraton Grand Tbilisi Metechi Palace following a full-scale renovation.
Source: New feed