The Louis Group, a Mediterranean hotel group, has agreed to divest its five hotel assets located in the Greek Islands to Blackstone Real Estate Partners Europe for a total enterprise value of €178.6 million. The five assets with a total of 1,464 hotel rooms include Corcyra Beach and Grand Hotel in Corfu; Zante Beach and […]
Drivezy, a Bangalore based rental scooter, bike and car company, has forged a partnership with OYO Hotels and Homes to station its rental vehicles at the latter’s properties across India. OYO Hotels and Homes is a chain of hotels, homes, living and workspace in India, China and other South Asian countries. As part of the […]
Mews Systems, a cloud-based property management software provider based in the Czech Republic, has secured $33 million in investment in a Series B round to further speed up its expertise to transform how hotels operate and serve guests. The funding led by investment firm Battery Ventures will enable new technology players to find innovative ways […]
Microtel by Wyndham has entered into a multi-unit agreement with Pete Patel, president and CEO of RevPAR Development, for five new hotels, expanding the brand’s growing pipeline. The new properties are built under the brand’s Moda prototype design, which is expected to increase operational efficiencies, lower development costs for hoteliers and drive greater returns for […]
Accor’s Turkish luxury hotel chain Rixos Hotels has signed an agreement to manage an all-inclusive luxury resort on Egypt’s Red Sea Riviera as part of its Middle East expansion strategy. Partnering with the Eastern Company for Investment and Touristic Development, Rixos Hotels will takeover, renovate and relaunch an existing beachfront property as the Rixos Hurghada […]
Caribe Hilton hotel in San Juan, Puerto Rico, which was damaged by Hurricane Maria in 2017, has reopened following the completion of work by project development consultancy Project Development Services (PDSI). Served as a social hub in Puerto Rico, Caribe Hilton was Hilton’s first property outside of the continental US, making Hilton the first international […]
US cybersecurity company StrikeForce Technologies has launched a new cyber solution called Secure eTravelers to protect the personal devices like computers and cell phones of hotel guests from hackers while traveling and using Wi-Fi. The Secure eTravelers cyber solution has been developed to address the increased hacking incidences targeted at recreational and business travelers, with […]
US hospitality company Hyatt Hotels has opened Hyatt Centric Mountain View, a 167-room boutique hotel in Silicon Valley, California near Google headquarters. Located at 409 San Antonio Road in Mountain View’s Village at San Antonio Center, the new boutique hotel marks the first property of Hyatt Hotels in Silicon Valley, and its fourth in California. Currently, […]
Rivers Casino Pittsburgh, which is owned by Rush Street Gaming, said that it will begin construction on The Landing Hotel Pittsburgh in Schenectady, New York later this summer with an investment of $60 million. The seven-story, four-star hotel will have 219 guest rooms and will attach to the existing Rivers Casino Pittsburgh on the east […]
Malaysian hotel industry news : US hospitality company Hyatt Hotels Corporation and Malaysia-based investment holding company Hap Seng Consolidated Berhad have signed a management agreement to develop the first Hyatt Centric hotel in Malaysia. To be built in Kota Kinabalu in Sabah state, the Hyatt Centric hotel in Malaysia will offer convenient access to the […]