The following article discusses the major challenges that negatively impact the financial returns for new-built, full-service hotel in many markets in Asia Pacific and presumably, the world. In this first part of the article,we discuss the cost of land and impact of seasonality.
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Hotel Conversion Project in the Historic District of Savannah, Georgia Receives $80 Million Investment
Mavik Capital Management today announced that it has provided an $80 million investment to finance the conversion of 110 Ann Street by Tidal Real Estate Partner and Left Lane Development.
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Hilton Set to Double Lifestyle Portfolio To 700 Hotels Within Next Four Years
Recent acquisitions of Graduate Hotels and NoMad brands and appointment of new global lifestyle president affirm Hilton’s focus on lifestyle category expansion
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Four Seasons Resort Mallorca at Formentor to Open Late August 2024
The newly restored and expanded Four Seasons Resort Mallorca at Formentor is now confirming reservations for arrivals beginning late August 2024.
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Seattle's Pan Pacific Hotel to Convert to 1 Hotel Seattle
SH Hotels & Resorts, the hotel brand management company founded by Barry Sternlicht, today announced plans to take over Seattle’s Pan Pacific Hotel, which will be transformed into 1 Hotel Seattle in 2025.
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Hyatt Reports Record Global Pipeline of 129,000 Rooms
Hyatt Hotels Corporation (NYSE: H) highlighted today that its pipeline has grown by nearly 85 percent since 2017, reaching a record 129,000 rooms.
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Marriott International Three Conversions of Iconic Luxury Properties in the United States
Company Plans to Welcome The Resort at Pelican Hill (Newport Beach, CA), Turtle Bay Resort (OÕahu, HI), and a Luxury Hotel in Midtown Manhattan (New York City) to Its Luxury Portfolio
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Hyatt’s Growth Momentum Continues with Record Global Pipeline of 129,000 Rooms
CHICAGO (June 3, 2024) Hyatt Hotels Corporation (NYSE: H) highlighted today that its pipeline has grown by nearly 85 percent since 2017, reaching a record 129,000 rooms. This significant growth…
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First Park Hyatt Hotel in Central China Opens in the Vibrant City of Changsha
CHICAGO (JUNE 1, 2024) — Hyatt Hotels Corporation (NYSE:H) announced today the opening of Park Hyatt Changsha, marking the debut of the Park Hyatt brand in the heart of central China’s Hunan…
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Holiday Inn Darling Harbour to Rebrand As Furama Darling Harbour Hotel July1st
Singapore-based hospitality company, Furama Hotels International (FHI) is poised to debut its eponymous hotel brand in Australia this winter, announcing the arrival of the Furama Darling Harbour in Sydney on 1 July 2024.
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