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Vignette Collection is this week celebrating the first anniversary of its inaugural property opening, Hotel X Brisbane Fortitude Valley with news of further expansion across the globe. The Luxury & Lifestyle hotel collection has a portfolio of 14 highly distinct properties, with two already serving customers in Brisbane and Bangkok, and is on track to deliver on its ambition of securing more than 100 properties in 10 years.
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The former home of Cannon’s Restaurant, the site is fully entitled and has received California Coastal Commission approval for a 100-room boutique luxury hotel.
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Commonwealth Hotels announced the acquisition of the Residence Inn Houston-West University and the Courtyard by Marriott Houston-West University. Both hotels are centrally located in the Greenway Plaza- West University area, minutes away from Lakewood Church, HRG Park, the Houston Galleria, Rice University, and numerous upscale restaurants and nightlife.
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Mandarin Oriental Hotel Group announced that it will manage a new resort with branded residences in Phu Yen province, one of Vietnam's coastal regions. The project is scheduled to open in 2026 and will be the Group's third property in Vietnam.
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Weekly Hotel Industry Asia Pacific News Roundup from HVS
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A Queensland family has acquired a luxury Maleny lodge as demand for Sunshine Coast accommodation assets continues to increase. The hotel was sold by owners Pink Developments Pty Ltd.
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IHG Hotels & Resorts (IHG) recently unveiled 2022 results to-date and a robust future for Hotel Indigo. The brand’s continued momentum includes plans to expand upon its current global footprint of 135 open hotels to more than 200 during the next three years, backed by a 124-hotel global pipeline.
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The 117-room property features an indoor swimming pool, fitness center, business center, and three meeting rooms totaling 2.327 square feet of meeting space. It is located right off US Route 97 in the heart of downtown Bend, Oregon.
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Last month Los Angeles voters approved Measure ULA, imposing a new tax on all real property sales or transfers over $5 million. This will affect all parties involved in a real property transaction, and it is important to understand the implications of the measure before negotiating on a new project. My colleague David Tabibian, partner in JMBM’s Real Estate Department and Global Hospitality Group, explains the initiative and its potential impact below.
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Hard Rock Statement on Inaccurate Reporting on The Mirage
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