Signed memorandums provide for the opening of Mövenpick Samarkand and Swissôtel Tashkent following the rebranding and renovation of the existing hotels, as well as the construction of the new Swissôtel Charvak hotel in Navobod village, Tashkent region.
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The two division are 'Economy, Midscale & Premium' and 'Luxury & Lifestyle'
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Sandals Resorts International (SRI) announced today that reservations for the Sandals Dunn's River Resort are now open for arrivals beginning May 24, 2023.
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The new resort will be the first adults-only all-inclusive property for the brand, which features 355 suites within 13 room categories, nine food & beverage locations, three swimming pools, two pickleball courts, a world-class St. Somewhere Spa, and the first LandShark Brewery in Mexico.
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Indian Hotels Company (IHCL) today announced the signing of a Ginger hotel in Ahmedabad. Located in the heart of the city, the existing hotel will be upgraded to the Ginger brand post renovation. This hotel is an operating lease with Himalaya Elanza Private Limited.
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Louvre Hotels Group, an affiliate of Jin Jiang International, is preparing to enter the Hungarian market in the midscale segment with an 88-room hotel currently under construction in Budapest.
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Weekly Hotel Industry Asia Pacific News Roundup from HVS
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Stonehill, a commercial real estate direct lender, originated a $79.8 million, three-year, floating-rate bridge loan for New York-based Churchwick Partners to support the recapitalization and acquisition of a 12-property, extended-stay hotel portfolio consisting of 1,432 rooms.
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MGM Shanghai West Bund will feature 161 guest rooms and 58 suites
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With the acquisition of the Travelodge portfolio by Salter Brothers now complete, a total of 10 hotels have joined Accor's portfolio, including nine Mercure hotels and an ibis Styles property in Sydney's CBD.
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