Tag: development

May 25, 2023

Described as a “restaurant that revolves around a bar,” Shanghai Love Brewing Co. has unveiled a flagship location in Shanghai, China that pays homage to the beer brand’s legacy. The nearly 1,300-square-foot space evokes a nostalgic, retro-inspired flair through design […]

May 25, 2023

1 Hotels is set to bring its first sustainable, nature-driven destination to Europe next month. Located in London’s historic Mayfair neighborhood, the nine-story 1 Hotel Mayfair overlooks Green Park, one of the city’s eight Royal Parks. “We’ve reimagined the traditional […]

May 24, 2023

Innovation and growth are hallmarks of the hospitality industry, two attributes that are reflected in the constant stream of hotel brand launches. Consider the current crop of newcomers such as ULUM, the safari-like offshoot from glamping company Under Canvas that […]

May 23, 2023

Hilton today announced a new extended-stay brand designed to meet the needs of the rapidly expanding $300 billion workforce travel market – the long-stay guest that never stopped traveling, even throughout the pandemic. Through extensive research, Hilton has created a […]

May 15, 2023

Accor, in partnership with Erth Real Estate Company, today announced that it will open three new hotels in Riyadh, Kingdom of Saudi Arabia, as part of a new master planned development project. The forthcoming luxury hospitality community will include a […]

May 8, 2023

Scandic Hotels has appointed Laura Tarkka as new country head of the Group’s operations in Finland as well as a member of Scandic’s Executive Committee. Laura Tarkka is a well-known name within the Finnish business sector and her most recent […]

May 2, 2023

Rotana announced today its entry into the United Kingdom (UK) with the launch of two new properties under its hotel and serviced apartment brand, Centro, Centro New Malden and Centro Kingston. These being the first two properties to launch as […]

May 1, 2023

The U.S. hotel industry posted its second highest occupancy rate of the year at 67.2%. That level was just shy of the 2023 occupancy peak (67.5%), set during the week of 12-18 March. Occupancy jumped 3.0 percentage points (ppts) from […]

April 27, 2023

It’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

The 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

On 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 […]

April 3, 2023

In 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 […]

March 31, 2023

Recent 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

IHG 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

InterGlobe 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

Hilton (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 […]

March 7, 2023

Australian 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 […]

March 6, 2023

The 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

Graduate 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

Fondo 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 […]