The new-build hotel, located in the capital’s central Olaya district, will comprise of 200 rooms and is expected to open in 2026.
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HVS Asia Pacific Hospitality Newsletter – Week Ending 14 April 2023
Weekly Hotel Industry Asia Pacific News Roundup from HVS
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Hyatt Announces Entry into Upper-Midscale Segment with Hyatt Studios
The announcement is supported by signed letters of interest in development agreements from multiple developers for more than 100 Hyatt Studios hotels, with construction expected to begin in 2023 and the first hotel expected to open in 2024.
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Roy Rogers Restaurants Celebrates 55 Years of Business As Legacy Brand Continues Growth
The first Roy Rogers Restaurant was opened by the Marriott Corporation in Falls Church, VA, in 1968 and quickly gained popularity nationwide under the leadership of Pete Plamondon, Sr. At its peak there were 648 operating stores; however, the brand was sold to Hardee’s which subsequently sold the restaurants to various other restaurant chains.
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Capriotti's Sandwich Shop and Wing Zone Experience Positive Momentum Throughout Q1
Fast-Casual Restaurant Franchises Add 24 New Shops in 6 States, Continue Upward Trajectory Set Forth in 2022
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IHCL Signs Two Taj and Vivanta Branded Hotels in Dhaka, Bangladesh
Indian Hotels Company (IHCL) today announced the signing of two new hotels in Dhaka, Bangladesh. The Taj and Vivanta branded hotels will be a part of an integrated complex that will also include hi-end retail. These are Greenfield projects.
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Mohari Hospitality to Acquire Tao Group Hospitality for $550 from Madison Square Garden Entertainment Corp.
Tao Group will complement Mohari's existing portfolio of luxury and lifestyle properties and operating companies, including the Peninsula Papagayo in Costa Rica, anchored by a Four Seasons luxury resort; Centro Canalejas Madrid, featuring the Four Seasons Madrid; and The Ritz-Carlton Yacht Collection.
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$250+ Million Live! Casino & Hotel Development to Open 2025 in Bossier City, Louisiana
The Cordish Companies yesterday presented master project plans to the Louisiana Gaming Control Board for the redevelopment of Diamond Jacks Casino & Hotel in Bossier City. Cordish intends to transform the property into a world-class Live! casino resort and entertainment destination.
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Hyatt’s Transformative Growth Continues with Announcement of Hyatt Studios, Hyatt’s First Upper-Midscale Brand in the Americas
CHICAGO (April 18, 2023) – Hyatt Hotels Corporation (NYSE: H) today announces plans for Hyatt Studios, the newest addition to Hyatt’s portfolio of brands. The brand, which marks Hyatt’s…
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The Williamsburg Hotel in Brooklyn, NY Sold for $96 Million
The eight-story brick tower, which opened as The Williamsburg Hotel in 2017, is located at 96 Wythe Ave. on the corner of North 10th Street in the heart of Brooklyn's cultural district for music, art, nightlife, dining, shopping, prime real estate and more.
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