Braemar Hotels & Resorts Inc., a real estate investment trust (REIT) focused on investing in luxury hotels and resorts, has closed on a property-level mortgage financing for the 96-room Dorado Beach, a Ritz-Carlton Reserve in Dorado, Puerto Rico. The $62-million, non-recourse loan has a two-year term. The loan is interest only and provides for a floating interest rate of SOFR + … [Read more...]
Archives for 11/03/2024
Marriott builds presence in Central and Latin America
Global hotel brand giant Marriott is targeting the Caribbean and Latin America (CALA) for growth in 2024, following a strong year of openings and signings in 2023. In 2023, the group added over 170 properties to its portfolio in the region, putting it in the position of being the largest hotel company in CALA, counted by its combined rooms open, and pipeline properties. The pace of expansion in … [Read more...]
Choice ends Wyndham takeover bid
Choice Hotels International Inc. has terminated its takeover bid of Wyndham Hotels & Resorts Inc. following the expiration of the exchange offer to acquire all of Wyndham’s issued and outstanding shares. Choice is also withdrawing its nomination of the independent director candidates for election at Wyndham’s 2024 Annual Meeting of Stockholders. The termination ends Choice’s … [Read more...]
AHLA Releases Statement on Joint-Employer Lawsuit Decision
WASHINGTON—American Hotel & Lodging Association (AHLA) Interim President and CEO Kevin Carey released a statement after the U.S. District Court for the Eastern District of Texas blocked a National Labor Relations Board (NLRB) rule to change the way joint-employer status is determined. In its decision, the court also reinstated a 2020 NLRB rule that protects businesses from undue liability for … [Read more...]
21 Best Things to Do in Quito, Ecuador In 2024
Most people fly into Quito, Ecuador, when traveling to the Galapagos and barely give it a second glance. It wasn’t long ago that people booking a Galapagos cruise skipped the city completely and only explored the tiny archipelago off the coast of South America, but luckily, things have changed. Quito is a wonderful city to explore. There are so many things to do in Quito that it’s no wonder that … [Read more...]
European hotel values at 97 per cent of 2019 levels, shows report
Europe: Hotel consultancy HVS has published its European Hotel Valuation Index (HVI) which reveals an uplift of around one per cent in 2023. During 2021 and 2022, the HVI reported value rises of 3.8 per cent and 4.5 per cent respectively. In 2023, the result was an uplift of around one per cent which keeps hotel values in Europe at approximately 97 per cent of 2019 levels. The slowdown in recovery … [Read more...]
Whitbread and Olympian Homes get the go ahead to redevelop landmark Bristol City Centre hotel
Premier Inn Bristol City Centre (Haymarket) hotel — Photo by Whitbread PLC Student accommodation and co-living homes will be delivered on the site of the Bristol City Centre (Haymarket) Premier Inn Redevelopment will replace end-of-life 20-storey hotel building with two new buildings of 18 and 28 storeys Masterplan sets aside two thirds of the site for public open space and creates a new, safe … [Read more...]
Minor Hotels Announces Upcoming Debut of the Avani Hotels & Resorts Brand in The Netherlands
Avani Museum Quarter Amsterdam to Open in Q2 2024. Minor Hotels, a global hospitality group operating more than 540 hotels in 56 countries, is introducing Avani Hotels & Resorts to the Netherlands in Q2 of this year. The rebranded 163-key Avani Museum Quarter Amsterdam will provide a contemporary canal-side experience, blending Dutch art and history for business and leisure travellers. Avani … [Read more...]
London BT Tower to be turned into a hotel
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R.D. Olson Construction begins work on Appellation Hotel in Sonoma wine country
R.D. Olson Construction, an award-winning general contracting firm in California, has announced groundbreaking on Appellation Healdsburg in Healdsburg's North Village, a partnership between BIA's Builder of the Year, Comstock Development, Chef Charlie Palmer and Christopher Hunsberger's newest hotels under the Appellation brand. The resort will be spread across 8 acres in a campus style setting … [Read more...]
The Château L’Hospitalet Wine Resort Beach & Spa joins the Small Luxury Hotels group
Nestled in the heart of vines on the Mediterranean coast, Château L’Hospitalet Wine Resort Beach & Spa ***** offers a sumptuous retreat in an exceptionally beautiful natural setting. Overlooking the sea and green hills, and surrounded by the garrigue’s delicate fragrances, this 5-star hotel is a paradise for wine enthusiasts, foodies and nature … [Read more...]
Madinat Jumeirah Launches ‘Wellness Escapes’ Offer Across Its Four Luxurious Hotels
Madinat Jumeirah is delighted to announce the launch of its latest Wellness Escapes offer, available to guests staying at any of the four hotels within the Madinat Jumeirah complex – Jumeirah Mina A’Salam, Jumeirah Dar Al Masyaf, Jumeirah Al Naseem and Jumeirah Al Qasr. Appeared first on: breakingtravelnews.com … [Read more...]
Chiva-Som Hua Hin Comes to Europe With Duo of Exclusive Five-Night Retreats at Weissenhaus, Germany
Pioneering transformative wellness destination Chiva-Som Hua Hin, Thailand, is set to bring a wellbeing premiere to the shores of the Baltic Sea with its first ever retreat residency in Germany, in partnership with acclaimed luxury resort, Weissenhaus. Appeared first on: breakingtravelnews.com … [Read more...]
The Pavilions Hotels & Resorts announces The First Hotel Cortina, Italy – Opening Q4 2025
Burgeoning luxury boutique hotel brand, The Pavilions Hotels & Resorts, has announced the signing of The First Hotel Cortina. Opening Q4 2025, the elegant five-star boutique hotel will bring exceptional dining experiences, world-class wellness from REVĪVŌ, and a modern Italian interpretation of circular architecture by Studio Marincola to Cortina … [Read more...]
Contemporary Lifestyle Destination ‘SAL’ Debuts New Location
Following its resounding success at Burj Al Arab Jumeirah where it has become one of the must-visit venues in the city, Jumeirah has officially announced the opening of a second location for its award-winning lifestyle experience, SAL, at Jumeirah at Saadiyat Island Resort. Appeared first on: breakingtravelnews.com … [Read more...]
Raffles to reimagine mountainside hospitality in Saudi Arabia
Expected to open in 2027, Raffles Trojena promises to reimagine mountainside hospitality while affording discovery of this scenic location pairing natural majesty with immersive experiences. A place for discovery The 2027 opening Raffles Trojena will be a part of this mountain destination’s Discover cluster, with six clusters making up Trojena as a whole. The Discover cluster inspires exploration … [Read more...]
Hyatt Regency Partners with Future to Enhance Guest Wellbeing with Customized Virtual Workouts
Hyatt Hotels Corporation announces an exclusive collaboration between its Hyatt Regency brand and Future, a personal training platform, aimed at enhancing guest wellbeing during their stays. Launching at 26 Hyatt Regency hotels and resorts in the U.S. Appeared first on: breakingtravelnews.com … [Read more...]
Here’s how Kathryn Bernardo maintains a ‘Tamang’ balance in life
Discover Kathryn Bernardo’s secrets to achieving the perfect balance in life. Kathryn Bernardo shows no signs of slowing down. The beloved actress has been on almost every Filipino’s screens since she was a young girl. Now, she has a long list of successful teleseryes and blockbuster hits under her belt. She also started her own business and delved into other projects in between. Kathryn has been … [Read more...]
LOTTE HOTEL SEOUL Chefs Win Gold and Silver at IKA Culinary Olympics in Germany
LOTTE HOTEL SEOUL announced that its Chef Sin Ji-hun and Pâtissier Bae Yeong-san won gold and silver medals, respectively, at the IKA Culinary Olympics 2024 in Germany. The IKA Culinary Olympics, held every four years, is a long-standing culinary competition that began in 1900. It is considered one of the world’s top three culinary competitions, alongside the Culinary World Cup in Luxembourg held … [Read more...]