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The portfolio consists of 14 leading, full-service hotels comprised of 2,638 keys and split across two distinct landmark brands, Principal (12 hotels) and De Vere (2 hotels). The properties occupy flagship locations in high-growth cities across the U.K., including London, Manchester, Edinburgh, Glasgow, Oxford, York and Leeds. Included in the portfolio are The Principal London and The Principal Manchester, two of the most iconic and historic hotels in the U.K.
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Mandarin Oriental, Muscat will feature 150 guestrooms and suites, five restaurants and bars, a Spa at Mandarin Oriental and an outdoor swimming pool. A variety of banqueting and meeting spaces will accommodate social and business events.
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Four Seasons is concluding its management of Four Seasons Hotel Vancouver, effective January 31, 2020. Four Seasons manages the Hotel under a long-term lease agreement with the property’s landlord, Cadillac Fairview Corporation; the current term of the lease expires in 2020, and will not be renewed.
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The Four Seasons hotel in downtown Vancouver is shutting down after operating for more than 40 years.
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IHG has signed a deal with Barnes Capital to open a striking Holiday Inn in Coburg, Melbourne’s up-and-coming northern suburb, in 2020.
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InterContinental Hotels Group [LON:IHG, NYSE:IHG (ADRs)] has today announced plans to expand its luxury and upscale estate in the UK. IHG has entered into a conditional agreement with Foncière des Régions, to rebrand and operate 12 high quality open hotels (2.2k rooms) and one pipeline hotel (185 rooms) into its portfolio across the UK.
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Apple Hospitality REIT, Inc. (NYSE: APLE) today announced that it acquired the newly constructed 210-room Hampton Inn & Suites by Hilton Phoenix Downtown for a purchase price of approximately $44 million, or $210,000 per key.
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CHICAGO (May 3, 2018) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with PEC Portfolio Springvale Pty Ltd. for a 200-key…

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Scandic Hotels has signed a long lease agreement with Bane NOR Eiendom to operate a new hotel in Voss, one of Norway’s most popular holiday destinations. Scandic Voss will be a centrally-located hotel and the first hotel in the town to be operated by a large hotel company.
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The brand’s existing franchisees, David and Ruth Buko, alongside first-time Tropical Smoothie Cafe franchisee James Volpert, will be developing eight cafes throughout the Indianapolis area, with the first two locations expected to open in Hamilton and Boone counties in 2019.
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