Claridge House Chicago Hotel Sold

The new owners plan to rebrand the hotel as a Tapestry Collection by Hilton, with the conversion expected to be completed this summer.
Source: New feed

Saudi Arabia's Emerging Cities Provide Unique Opportunities in Hotel Industry

Saudi Arabia’s rapid growth in the global tourism sector, driven by major development projects, creates unique investment opportunities, especially in emerging cities. The country is expected to command 58% of the Middle East and North Africa (MENA) hotel supply by 2028, according to a report by JLL.
Source: New feed