Tag: hotel

September 28, 2023

Blackstone acquires the Cascade Wellness Resort in Lagos, Portugal, from Fliptrel Blackstone, through its Luxembourg-based subsidiary Magma Pledgeco, has acquired the five-star, 164-room (including apartments) Cascade Wellness Resort in Portugal from Fliptrel Portugal, for a reported €50 million (€305,000 per […]

September 28, 2023

Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Place Kuala Lumpur, Bukit Jalil, Malaysia’s first Hyatt Place and the first international hotel in Bukit Jalil , marking the continued growth of the Hyatt Place brand’s footprint globally […]

September 27, 2023

Marriott International, Inc. (Nasdaq: MAR) today announced the launch of Four Points Express by Sheraton, designed for the midscale segment. This new brand is a response to growing consumer demand for reliable yet affordable accommodation in Europe, the Middle East […]

September 26, 2023

The art-focused Hotel Downstreet has opened in North Adams, Massachusetts, a historic cultural destination known for its creative community. Home to the U.S.’ largest contemporary art museum, MASS MoCA, the quaint town is a hub for modern galleries and music […]

September 25, 2023

AC Hotels by Marriott makes its debut in Croatia with the opening of AC Hotel by Marriott Split, nestled on the uppermost floors of the Westgate Tower with sweeping views of the Adriatic Sea and Split’s cityscape. Designed by architect […]

September 22, 2023

LuxUrban Hotels Inc. (Nasdaq: LUXH), which utilizes an asset-light business model to lease entire hotels on a long-term basis and rent out hotel rooms in these properties in key major metropolitan cities, announced yesterday that the Hotel 57 in New […]

September 22, 2023

Canada’s hotel industry reported its highest occupancy level since August 2019, according to CoStar’s August 2023 data. August 2023 (percentage change from August 2022): Occupancy: 77.4% (+1.4%) Average daily rate (ADR): CAD226.04 (+5.8%) Revenue per available room (RevPAR): CAD174.87 (+7.2%) […]

September 21, 2023

Not only will Friday, September 29th mark the long-awaited debut of Raffles London at the OWO, it will also celebrate the first UK hotel opening for Singapore-based Raffles Hotels & Resorts and will be the first time since its 1906 […]

September 20, 2023

Yesterday, the American Hotel & Lodging Association (AHLA) and the Hotel Association of Canada (HAC) have signed a Letter of Intent to form a joint venture company that will own and operate the Green Key Global certification program in the […]

September 19, 2023

The Las Vegas Strip will sparkle even brighter come December when the long-anticipated Fontainebleau Las Vegas finally makes its debut. Located next to the Las Vegas Convention Center, the mammoth project—which has been in the works for 16 years and […]

September 18, 2023

Newly opened in Mexico City’s Colonia Roma Norte neighborhood, Colima 71 offers a new hotel experience inspired by the creative spirit of the area. Designed by architectural practice T.A.X., led by Alberto Kalach, Colima 71 exemplifies the locally based firm’s […]

September 18, 2023

Running a hotel isn’t just about offering a comfortable stay. Behind the impeccable service and finely made beds, lies a strategic world driven by the goal of increasing bookings and offering top-tier services. The challenge? Balancing memorable guest experiences while […]

September 15, 2023

Hyatt Hotels Corporation (NYSE: H) announced today the continued strategic growth of the Hyatt Place and Hyatt House brands throughout 2023. This growth includes expanding the brand’s footprint in the U.S. in new markets where there are no Hyatt hotels […]

September 15, 2023

Helped by the FIFA Women’s World Cup, Sydney’s hotel industry recorded its highest monthly performance levels since March 2023, according to preliminary August 2023 data from CoStar. August 2023 (year-over-year % change): Occupancy: 80.7% (+26.0%) Average daily rate (ADR): AUD261.83 […]

September 14, 2023

Continuing seasonal patterns, U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through 9 September. 3-9 September 2023 (percentage change from comparable week in 2022): Occupancy: 60.3% (-1.9%) Average daily rate (ADR): US$150.66 (+1.8%) […]

September 13, 2023

Arlo Hotels announced the official grand opening of Arlo Williamsburg. Located in the heart of Brooklyn, the property is Arlo Hotels’ fourth property in New York, joining Manhattan locations Arlo SoHo, Arlo NoMad and Arlo Midtown. The property is owned […]

September 13, 2023

India’s outbound travel sector has experienced significant growth in recent years. The number of Indian travelers heading abroad reached approximately 27 million in 2019, growing at a CAGR of ~ 9% during 2011-19. Although the pandemic temporarily clipped the wings […]

September 12, 2023

The Hoxton, Lloyd Amsterdam opened last month in the city’s trendy Eastern Docklands district. The new hotel marks the second collaboration between AIME Studios—Ennismore’s in-house creative team—and local interior design practice Nicemakers. Located in a 1921 landmark originally commissioned by […]

September 11, 2023

Waterton, a Chicago-based national real estate investor and operator, announced the official launch of its new Outbound Hotels brand, a collection of locally-minded hotels offering differentiated lodging options for lifestyle travelers seeking outdoor-inspired experiences in boutique settings. From Yosemite National […]

September 11, 2023

Rotana announced today its entry into Senegal with Les Zeniths Arjaan by Rotana. The 150-key property in Dakar will be launched under the Arjaan Hotel Apartments by Rotana brand and is expected to be completed by 2026. Commenting on the […]