Accor in partnership with Alesayi Holding has announced plans for the opening of a new hotel and residences development, Abraj Omar Hotel & Residences Makkah & MGallery Collection, located in the heart of the Holy City of Makkah, Kingdom of Saudi Arabia.
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Rentyl Resorts, Davidson partner to manage first Embassy Suites condo/resort
Rentyl Resorts and Davidson Hospitality Group have partnered on a first-of-its-kind condominium project with Embassy Suites. Embassy Suites by Hilton Orlando Sunset Walk is a five-building condominium project being developed by Sunset Walk Residences LLC. Rentyl and Davidson are responsible for the onsite management, sales, marketing, revenue and call center management of the units. The project … [Read More...]
DiamondRock promotes Stephen Spierto to chief accounting officer
DiamondRock Hospitality Company, a lodging-focused real estate investment trust that owns a portfolio of 36 hotels and resorts in the U.S., has promoted Stephen Spierto to chief accounting officer. Spierto joined the company in November 2023 and previously served as VP, corporate controller from November 2023 until his promotion. In that role, he was responsible for overseeing corporate … [Read More...]
Wyndham names Amit Sripathi chief development officer
Wyndham Hotels & Resorts has appointed Amit Sripathi as chief development officer, replacing Chip Ohlsson, who will depart the company in June. “Amit’s deep experience in mergers & acquisitions and capital markets focused on the real estate and hospitality sectors at Deutsche Bank and RLJ Lodging are instrumental as we increase our focus on growing our midscale-and-above portfolio while … [Read More...]
The Last Hotel STL Names Maverick Hotels and Restaurants Manager
CHICAGO, Illinois—Maverick Hotels and Restaurants announced that it is now managing The Last Hotel STL in Saint Louis, Missouri. Maverick founder and CEO Robert Habeeb made the announcement. The Last Hotel STL has an architectural history and shows the preservation, restoration, and reinvention of the International Shoe Company. Originally opened in 1909, the building has stone carvings, … [Read More...]
CBRE forecasts RevPAR growth to improve in H2
CBRE expects RevPAR growth to improve in the second half of the year, following a weaker-than-expected first quarter. The company’s latest forecast projects a 2% increase in RevPAR growth for 2024, down from the 3% estimated in February. RevPAR is now expected to grow by 3% for the remainder of the year, driven by international tourists, holiday travel and limited supply growth. CBRE … [Read More...]