Sushi chains in Japan were impacted by slowing domestic growth, fueled by rising prices and weak consumer spending. As they mainly rely on imported seafood, a weakening Japanese Yen and increased ingredient costs significantly impacted their business.
Source: New feed
KSL Capital Partners Acquires Martin Resorts Portfolio of Five Hotels in Avila Beach, Pismo Beach and Paso Robles, CA
The collection includes Avila Lighthouse Suites in Avila Beach; Pismo Lighthouse Suites and Shore Cliff Hotel in Pismo Beach; and Paso Robles Inn and The Piccolo in Paso Robles.
Source: New feed
Dine Brands International Continues Expansion with Dual-Brand Locations in the Middle East
New dual-brand location currently open in the United Arab Emirates, with plans to open 4 new locations in the Middle East in 2023
Source: New feed
Mandarin Oriental Punta Negra Mallorca Resort Announced for 2024
The new luxury resort is being developed by Spanish based Blasson Property Investments and comprises a significant reconstruction and redesign of the former H10 Punta Negra hotel which occupies an iconic peninsula on the Costa d'en Blanes in the southwest of the island.
Source: New feed
Fairfield by Marriott to Open Seven Hotels in Japan During 2023
The new hotels will be located along national roadside rest areas in the prefectures of Hyogo, Kagoshima, Okayama, Saga, Kumamoto, and Fukuoka in the southern region of Japan.
Source: New feed
Fundamental Hospitality Announces Global and Regional Expansion of Its UAE-born Dining and Lifestyle Concepts
With a substantial pipeline, the group will own and operate over 100 venues across MENA, Europe, UK and US over a 5-year period.
Source: New feed
Hyatt Named to Institutional Investor 2023 All-America Executive Team
CHICAGO (Jan 31, 2023) Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) announced today that it has been named to the 2023 Institutional Investor All-America Executive Team,…
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Beverly Hills-Based Hawkins Way Capital Buys 655 Room Former Marriott Hotel in Midtown, Manhattan
A designated landmark building, the 1924-built property previously operated as a Marriott International branded hotel focused on corporate and business travel before closing at the onset of the Covid-19 Pandemic.
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Nobu Hotel, Restaurant, and Residences Al Marjan Island Announced for the UAE
The Nobu Hotel, Restaurant, and Residences will be located on the Al Marjan Island, offering over 7.8 km of beaches and stunning waterfront views of the Arabian Gulf.
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Mint House at Metro St. Petersburg to Open Residential Hospitality Property in St. Petersburg, Florida in Spring 2023
The newly constructed residential hospitality property – fully operated by Mint House – will offer 100 apartment-style hospitality units in the thriving EDGE district downtown. The transaction marks the third Florida location for the hospitality brand (which is currently operating two locations in Miami) and the first on the gulf coast.
Source: New feed