The 13-story, 183-room property will feature a rooftop restaurant and lounge, a lobby bar, and ground-level retail. The hotel is scheduled to open during the second quarter of 2026.
Source: New feed
JRK Property Holdings, through its $350 million Hospitality Fund, has acquired the 394-room Hilton La Jolla Torrey Pines in La Jolla, CA from Braemar Hotels & Resorts for $165 million.
Source: New feed
The development will include a Trump Hotel and branded residential units.
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Residents will benefit from the most extensive range of exclusive amenities and services that Rosewood has ever offered across its residential developments.
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A total of 347 deals (comprising mergers and acquisitions (M&A), private equity, and venture financing deals) were announced in the global travel and tourism sector during the first half (H1) of 2024, which was a year-on-year (YoY) decline of 12.6% compared to the 397 deals announced during the same period in the previous year, according to GlobalData.
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JLL Capital Markets represented Huntington Hotel Group in securing bridge financing for 162 key hotel
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The Perry Hotel Naples, a 160-room hotel located along the Cocohatchee River in North Naples, Florida, is slated to open this fall. It will be the second location for The Perry, a boutique hotel brand that launched in Key West in 2017.
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The £120 million value-add fund will mirror OCIMÕs European footprint of offices, targeting key European markets including Ireland, Portugal, Spain, Poland and the UK.
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Weekly Hotel Industry Asia Pacific News Roundup from HVS
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IHG Hotels & Resorts will expand its Sydney portfolio with the addition of two Crowne Plaza hotels, following a strategic portfolio agreement with Frank and Wade Huang of Star Millennium Pty Ltd that will see the rebranding of two well-loved hotels at Sydney Airport and Macquarie Park.
Source: New feed