April 27, 2023
Via: Hotel News ResourceIt’s 3 p.m. on a Monday at Homewood Suites by Hilton Largo Washington DC, arguably one of the busiest times for this hotel’s lobby. A guest, having checked in on Sunday, would like to inquire about dinner reservations. They approach […]
April 24, 2023
Via: Hotel News ResourceThe ROMEO Collection will be opening its second project, ROMEO Roma in October 2023. The hotel is loacted just steps away from Piazza del Popolo in Rome’s city center. The hotel will be one of the last projects from world-renowned […]
April 4, 2023
Via: Hotel News ResourceOn March 29, 2023, the Jamul Indian Village Development Corporation (JIVDC), owner and operator of Jamul Casino and a wholly-owned enterprise of the Jamul Indian Village of California, closed on $515 million of Senior Secured Credit Facilities with a syndicate […]
Finance and Development, Markets
April 3, 2023
Via: Hotel News ResourceIn Japan, the cherry blossom is in full bloom, providing spectacular sights in cities and signaling the arrival of warmer weather. Known as Sakura, these trees also provide the perfect metaphor for the country’s hotel industry, which is beginning to […]
Finance and Development, Markets
March 31, 2023
Via: Hotel News ResourceRecent and Projected Hotel Performance The Norfolk-Virginia Beach MSA comprises several cities aside from Norfolk and Virginia Beach, including Chesapeake, Suffolk, Newport News, Hampton, Portsmouth, and Williamsburg. The region’s economy revolves around the federal government, the military, the aerospace industry, […]
March 22, 2023
Via: Hotel News ResourceIHG Hotels & Resorts has signed a management agreement with Arabella Group to develop three new hotels in Egypt between 2023 and 2026. The hotels – InterContinental North Coast Direction White, voco Cairo Arabella Plaza Cairo, and Crowne Plaza Cairo […]
March 15, 2023
Via: Hotel News ResourceInterGlobe Hotels announced the launch of their new hotel – ibis Thane, today. The hotel is located on Pokhran Road at the Thane district of Maharashtra, and is a 50 minutes’ drive from Terminal 2 of Mumbai International Airport. ibis […]
March 14, 2023
Via: Hotel News ResourceHilton (NYSE: HLT) predicts 2023 will be its strongest year of growth in France, with seven planned hotel openings, the highest single-year increase to its French portfolio. As well as continued expansion in Paris, Hilton is focusing on major resort […]
Finance and Development, Trends
March 7, 2023
Via: Hotel News ResourceAustralian hotel sales hit $2.14 billion in 2022 – the second highest transaction volume on record – with significant additional equity capital still on the sidelines waiting for signs of a stabilisation in interest rates and inflation according to new […]
Finance and Development, Trends
March 6, 2023
Via: Hotel News ResourceThe World Travel & Tourism Council (WTTC) has today launched the Hotel Sustainability Basics (Basics) verification scheme. Announced at ITB Berlin, Basics will enable tourist accommodation providers from around the world, regardless of their size, to begin their sustainability journey. […]
March 2, 2023
Via: Hotel News ResourceGraduate Hotels announced plans for the forthcoming Graduate Auburn hotel. The ground-up, new construction hotel is currently under development and expected to launch in 2024. Graduate Auburn will offer 177-keys, five stories, two food and beverage outlets including a rooftop […]
March 1, 2023
Via: Hotel News ResourceFondo Italiano and Eulero Capital acquire stake in HNH Hospitality from Siparex Fund manager Fondo Italiano d’Investimento and investment manager Eurelo Capital, through the Fondo Italiano Consolidamento e Crescita (FICC), have taken over an equity stake in Italian operator HNH […]
Finance and Development, Real Estate
February 23, 2023
Via: Hotel News ResourceAccording to the Q4 2022 Middle East Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the quarter, LE analysts report that the hotel construction pipeline in the region stands at 549 projects/143,637 rooms. Hotel development in […]
Finance and Development, Trends
February 20, 2023
Via: Hotel News ResourceChallenging global economic conditions and their implications reflected their impact on the travel and tourism sector’s deal activity in the first month of 2023. A total of 38 deals (comprising merger and acquisition, venture financing and private equity deals) were […]
Finance and Development, Trends
February 13, 2023
Via: Hotel News ResourceIn the wake of the pandemic, everything has changed, and seismic shifts have happened in the hospitality industry. Guests now expect hotels to go the extra mile, providing stays that offer a great, convenient experience and make them feel unique […]
February 9, 2023
Via: Hospitality DesignPalisociety has announced plans to increase its footprint in California with its inaugural property in San Diego. Set to become the independent hospitality brand’s 15th unit upon opening later this spring, Palihotel San Diego will occupy the former St. James […]
February 7, 2023
Via: Hospitality DesignSaison Hospitality has announced the reopening of sustainable seafood restaurant Angler Los Angeles. A facelift led by Built Inc reinvigorates the dining room, orienting the open layout around a central hearth and adding dividing walls for a heightened sense of […]
February 7, 2023
Via: Hospitality DesignHilton recently announced that the Waldorf Astoria brand will make its debut in Malaysia next year. The Hong Kong studio of LW Design will transform the former Istana Hotel Kuala Lumpur into the Waldorf Astoria Kuala Lumpur. “With the legacy […]
February 7, 2023
Via: Hospitality DesignTRIBE has unveiled its fifth hotel in France, TRIBE Paris Saint-Ouen, in the emerging Saint-Ouen-sur-Seine suburb. Launched in partnership with Suitcase Hospitality, the new property brings TRIBE’s international portfolio to a total of 10 units. The 112-room lifestyle concept, designed […]
February 7, 2023
Via: Hotel News ResourceA Demonstrative Love for Travel With Valentine’s Day in its middle, February is a month often associated with love. Fittingly, love seems to be the feeling Americans have towards travel right now. Americans’ level of excitement to travel is at […]