Hyatt signs agreement with Knowledge Economic City for two new Hyatt&branded hotels in the Kingdom of Saudi Arabia Appeared first on: hotelnewsresource.com … [Read more...]
Archives for 03/05/2024
Asia Pacific Real Estate Investment Increases by 13% in Q124
Investment volumes in the first quarter of 2024 totalled US$30.5 billion, representing the only region globally to see year&on&year growth Appeared first on: hotelnewsresource.com … [Read more...]
HVS India Hospitality Industry Overview 2023 & By Mandeep S Lamba, Dipti Mohan and Dhwani Gupta
This report highlights the key trends in the Indian hospitality industry in 2023 along with the sector performance metrics, brand signings, and brand openings during the year. It also provides our outlook for the sector for 2024. Appeared first on: hotelnewsresource.com … [Read more...]
Global Hotel Investors Plan to Buy More This Year
CBRE Releases Global Hotel Investor Intentions Survey 2024 Appeared first on: hotelnewsresource.com … [Read more...]
Wendy Hollander Named Chief Administrative Officer for HVS Executive Search
HVS Executive Search announces the promotion of Wendy Hollander to Chief Administrative Officer. Appeared first on: hotelnewsresource.com … [Read more...]
Travel & Tourism Injected €215BN into Italian Economy
Employment and international visitor spend breaks all records Appeared first on: hotelnewsresource.com … [Read more...]
WTTC Hotel Sustainability Basics Reaches 3,400 Verified Properties
2024 set to be a historic year for the sustainability initiative Appeared first on: hotelnewsresource.com … [Read more...]
Hotel Industry Expert Predictions for Occupancy and ADR Hold Steady, Even with Declining Confidence in Demand
Compared to the previous iteration of this study in Q4 2023, overall business confidence for the next 12 months has held steady, with 35% of respondents rating their confidence at an '8' or higher on a 10&point scale. Appeared first on: hotelnewsresource.com … [Read more...]
InterContinental Hotels Group Reports Q1 Trading Results
InterContinental Hotels Group reported its first-quarter trading results, highlighted by global RevPAR gains and significant system-wide growth. Specific highlights include the following: ● Q1 global RevPAR +2.6 percent YOY, with Americas -0.3 percent, EMEAA +8.9 percent and Greater China +2.5 percent ● Average daily rate +2.3 percent, occupancy +0.2 percent pts ● Gross … [Read more...]
Source Acquires Berman Purchasing, Inc., Expanding the FF&E Procurement Firm
Portland, Oregon-based Source announced its acquisition of 20-year-old Jupiter, Florida-based Berman Purchasing, Inc. The move creates a bicoastal women-led procurement firm with decades of FF&E procurement experience in all types of projects. Nicole Schmidt, Source’s founder and CEO, explained the strategic move, “We were looking for a firm that aligned with our values and operating ethos: … [Read more...]
Lark Hotels opens Stilwell Hotel
Lark Hotels has opened the Stilwell Hotel in Carmel-by-the-Sea, CA. The property features 42 guestrooms, as well as several custom fountains, including a 20-by-18-ft. living water wall. “Carmel-by-the-Sea has an innate charm and a warmth that we have always been drawn to,” said Lark Hotels CEO Peter Twachtman. “We’re proud of Stilwell Hotel’s embodiment of that warmth and hope locals and visitors … [Read more...]
Omni Atlanta Hotel at Centennial Park Unveils Stunning Renovation and Rebrand with New Name
Guest Rooms & Suites Receive Timeless Refresh Highlighting the Hotel's Rich History in the Atlanta Market. Omni Atlanta Hotel at Centennial Park, an iconic landmark in the heart of downtown Atlanta, is thrilled to announce a comprehensive renovation and rebranding. Inspired by Atlanta's role as a hub for global travel, media and transformative meetings and conventions on a global scale, this … [Read more...]
IHG reports Q1 global RevPAR up 2.6%
InterContinental Hotels Group PLC (IHG), for the first quarter ended March 31, reported global RevPAR increased 2.6% compared to the same period last year, with the Americas down 0.3%, Europe, Middle East, Africa and Asia (EMEAA) up 8.9% and Greater China up 2.5%. “Global RevPAR in the first quarter of 2024 continued to grow, up 2.6%, reflecting the strength of our globally diverse … [Read more...]
The Best Urban Destinations in Spain for Traveling with Children
Discover the Best Urban Destinations in Spain for Family Travel Table of Contents Traveling with children presents a unique set of challenges, but choosing the right destination can turn a potential hassle into a delightful adventure. Spain offers a plethora of urban destinations that cater to families, blending cultural richness with child-friendly attractions and facilities. From interactive … [Read more...]
Walker & Dunlop closes $155M refi for NYC’s The Lexington Hotel
Walker & Dunlop Inc. (W&D) has arranged a $155-million refinancing deal for The Lexington Hotel, a historic landmark in Midtown Manhattan. Acting as the exclusive advisor to Lexington Hotel Owner LLC, a joint venture between MCR, Island Capital Group LLC and Three Wall Capital, Walker & Dunlop secured the financing through lender Hudson Bay Capital. Initially completed in 1929, The … [Read more...]
Gencom refinances Rosewood Bermuda with Blackstone, KSL
Affiliates of Gencom, an international owner, developer and manager of hospitality and residential properties, have refinanced the Rosewood Bermuda. The five-star resort is located in Tucker’s Point, spanning 240 waterfront acres and featuring more than 800 linear ft. of beachfront. The financing was originated by Blackstone Mortgage Trust Inc. and KSL Capital Partners LLC for an undisclosed … [Read more...]
Driftwood acquires Marriott Raleigh Durham Research Triangle Park
Driftwood Capital has acquired the Marriott Raleigh Durham Research Triangle Park, a 225-key, full-service, upper-upscale hotel located in North Carolina’s Research Triangle area. The company will carry out an extensive renovation project to enhance numerous features throughout the hotel. Franklin BSP Realty Trust originated a multimillion, two-year loan with three one-year extension options at a … [Read more...]
Room Mate adds collection brand
Room Mate Hotels has launched a refreshed look, and a new brand, as it looks forward to growth in 2024 after a year of consolidation. The company, which currently has 22 hotels across Europe, reported 2023 revenues of EUR106.5m, up 37% as business returned following the pandemic period. Having achieved ebitda of EUR15.7m in 2023, the company is targeting an improvement to EUR24.1m in fiscal year … [Read more...]
Is Belize Safe To Visit In 2024? Your Guide To Belize Travel Safety
Belize is gorgeous. We should know; we just returned from a two-week trip. The mainland is covered in a dense, tropical jungle, while offshore, it has the Belize Barrier Reef—an acclaimed spot to scuba dive and snorkel. As if that wasn’t enough, you’ve also got the history of Mayan ruins to experience at sites like Altun Ha. Basically, we totally understand why you want to visit. Belize is in a … [Read more...]
West Midlands hotel, The Belfry, embarks on major expansion
Expected to reach completion in autumn 2025, the significant development project will notably see the creation of an expansive new event space accommodating up to 920 people. A significant enhancement On completion of its renovation and expansion, The 319-key Belfry Hotel & Resort will unveil newly renovated areas alongside its flagship 852sqm new event space, named The Masters Suite, and a … [Read more...]
Uno Hotels acquires two UK country house properties
UK: The Hickstead Hotel in Bolney, West Sussex, and The Grovefield House Hotel in Burnham, Buckinghamshire, have been sold to hotel and serviced apartment company Uno Hotels for an undisclosed price. Uno will run the two assets through two new companies: Cumberland Assets Ltd and Four Hillside Assets Ltd. The Hickstead Hotel offers 52 bedrooms, a 60-cover bistro, a bar and lounge, as well as … [Read more...]
Tempo by Hilton Louisville Downtown NuLu Opens
Designed for the rhythm of life, Tempo by Hilton Louisville Downtown NuLu opens its doors May 1, as the third property to open nationally from Hilton's new stylish contemporary lifestyle brand. The 130-room hotel echoes the surrounding upbeat NuLu neighborhood with lively settings for social gatherings and events for locals and travelers alike, as well as stylish spaces to rest and recharge. … [Read more...]
Yada Xishan Hotel Yixing Officially Opens as New Addition of The Unbound Collection by Hyatt Brand
Blending natural beauty with contemporary Chinese aesthetics, the spiritual hideaway invites guests to enjoy elevated experiences. Hyatt Hotels Corporation (NYSE: H) announced today the opening of Yada Xishan Hotel Yixing, the first Hyatt-branded hotel in the charming city of Yixing and the latest addition to The Unbound Collection by Hyatt portfolio. Located in the heart of the Yangxian … [Read more...]
Hyatt Signs Agreement with Knowledge Economic City for Two New Hotels in The Kingdom of Saudi Arabia
Two Hyatt-branded hotels set to debut in Madinah as Hyatt House Madinah KEC and Hyatt Centric Madinah KEC. Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into management agreements with Knowledge Economic City (KEC) for two new Hyatt-branded hotels, Hyatt House Madinah KEC and Hyatt Centric Madinah KEC. Set to open in a highly anticipated development, … [Read more...]
Alejo at Citadines Roces Quezon City: The City’s Newest Culinary Adventure
Discover the Unique Fusion of Flavors at the Heart of the City Manila, Philippines – Citadines Roces Quezon City, The Ascott Limited’s flagship serviced residence in Quezon City, is widely known for its commitment to providing exceptional accommodations and amenities that cater to the discerning needs of modern travelers. Alejo Facade Citadines Roces Quezon City is situated in an excellent … [Read more...]
Highland Coast Hotels launches new travel itineraries on world-famous North Coast 500
Highland Coast Hotels has launched a series of new travel itineraries to help visitors plan the ‘trip of a lifetime’ on the world-famous North Coast 500 (NC500) in the Scottish Highlands from spring 2024. Appeared first on: breakingtravelnews.com … [Read more...]
New Zealand’s Aro-Hā Wellness Retreat Joins Bitcoin Revolution
Taking time out just got a whole lot easier with Aro Hā Wellness Retreat in New Zealand now accepting Bitcoin (BTC) payments. Guests can now eliminate the cost of currency conversion and intermediary fees. For the past ten years the multi award-winning Aro Hā has been providing serious rejuvenation for burnt out global guests from executives to … [Read more...]
The Standard, Huruvalhi Maldives Introduces Unforgettable Summer Camp for Kids
As the summer season approaches, The Standard, Huruvalhi Maldives is offering young explorers a summer unlike any other with the launch of its annual Summer Camp for children. Running from July 1 to August 31, 2024, the program will be hosted at the Lil’ Shark Kids Club and throughout the resort, a secure and stimulating environment where kids aged 4-12 can … [Read more...]
Rediscover the Power of One at Aleenta Resorts
Aleenta Resorts in Thailand has launched a series of wellness retreats designed to help guests discover the benefits of positive solitude in Chiang Mai, Phuket and Hua Hin. The ability to positively enjoy time alone without feeling lonely or needing to interact with others is just as important as socialising. Appeared first on: breakingtravelnews.com … [Read more...]
Radisson picks up the pace
Radisson Hotel Group is celebrating its continued fast pace of growth, as it drives forward Radisson, the fastest growing upscale brand in the sector in EMEA and South East Asia. In its upper upscale Radisson Blu brand, the group also has what is the largest brand in its segment, for the twelfth consecutive year. And in 2024, the pace of expansion has continued, with the British, Indian and … [Read more...]