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The Memorandum of Understanding (MoU) includes collaborations encompassing tourism destination and tourism marketing; the institutional field including the development of talent and human resource competencies in the tourism sector; the field of creative economic development, as well as other forms of collaborations beneficial for the tourism and hospitality industry within a period of three years from the signing.
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Rosewood Hotels & Resorts continues to grow its portfolio of residences with the announcement of Rosewood Residences Beverly Hills, the brand's first standalone residential condominium development in California.
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Indian Hotels Company (IHCL) today announced the signing of its fifth Ginger hotel in Ahmedabad. Located at Changodar, the hotel will be part of a mixed-use development project. This hotel is an operating lease with the Thakur Group of Companies.
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Pebblebrook Hotel Trust (NYSE: PEB) today announced that on August 2, 2022, it closed on the sale of the 306-room Sofitel Philadelphia at Rittenhouse Square in Philadelphia, PA for $80.0 million to a third party.
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Industry Recovery, Buyer Competition Drive Hotel Pricing in First Half of 2022
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Located in the lower Hudson Valley, along the border of Sloatsburg and Tuxedo Park, The Ranch Hudson Valley is set amidst 200 forested acres in a 40,000+ square foot estate steeped in history. Known as the Table Rock Estate, it was built in 1902 by JP Morgan for his daughter as a wedding gift when she married the great grandson of Alexander Hamilton.
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Situated along the sand beaches of the Cancun Hotel Zone, the 502-room resort features 10 restaurants and bars, a state of-the-art fitness center and a full-service holistic spa.
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Easton's Group of Hotels announced the Four Points by Sheraton Kingston as the newest addition to its portfolio of hotels across Ontario and Quebec. This latest acquisition of the Kingston property will be the 10th Marriott property under Easton's ownership and management.
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From Jan. 1 to June 30, 2022, the company welcomed 11 new hotels, growing its CALA portfolio to more than 190 hotels representing nearly 15% of Hilton’s presence outside of the United States.
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Radisson Hotel Group plans for four-fold growth of its footprint in Vietnam by opening a dedicated representative office and significantly boosting its portfolio of properties in the country by 2025.
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