Alibaba’s new hotel runs on robot hospitality
Featuring human-less check-ins, facial scans and voice-controlled rooms, e-commerce giant Alibaba has unveiled its first “future hotel” in China. Grace Lee reports. Source: reuters
Hyatt Hotels opens Hyatt Regency Xuzhou in Jiangsu Province, China
Hotel industry news : Hyatt Hotels, an American multinational hospitality company, has opened its new global-branded five-star hotel Hyatt Regency Xuzhou in Xuzhou in the Chinese province Jiangsu. Located in the center of the city, Hyatt Regency Xuzhou occupies floors 43 to 59 of the 873ft International Finance Center, which, in turn, is part of […]
Pebblebrook to acquire rival hotel REIT company LaSalle for $5.2bn
Pebblebrook acquisition of LaSalle : Pebblebrook Hotel Trust has agreed to acquire 100% of rival Maryland-based hotel real estate investment trust (REIT) company LaSalle Hotel Properties in a deal worth $5.2 billion. Pebblebrook acquisition of LaSalle will create an enlarged hotel REIT that is expected to become the largest owner of independent hotels and the […]
AccorHotels to acquire 50% stake in US lifestyle hospitality company sbe
Hotel industry news : AccorHotels, a French multinational hospitality company has proposed to acquire a stake of 50% in US lifestyle hospitality company sbe Entertainment Group for $125 million from Cain International, in a move to expand its offering in the luxury lifestyle hospitality sector. Sam Nazarian, the founder of sbe will retain his stake […]
Hotel Okura to invest $1bn to renovate Hotel Okura Tokyo as The Okura Tokyo
Japanese hotel chain Hotel Okura said that it Hotel Okura Tokyo, a luxury grand hotel in downtown Tokyo will be renovated with an investment of ¥110 billion ($1.0 billion) into a 508-room The Okura Tokyo by September 2019. The Okura Tokyo luxury grand hotel will reprise the traditional Japanese looks of Hotel Okura Tokyo and […]
Hyatt Hotels opens Grand Hyatt hotel in Xi’an in China
US hospitality company Hyatt Hotels has opened a new Grand Hyatt hotel in Xi’an in the Chinese province of Shaanxi to continue its brand expansion in Northwest part of the country. The new Grand Hyatt hotel in Xi’an is located inside the Xi’an High-Tech Industries Development Zone, which houses over 200 Fortune 500 companies, while […]
DoveHill, Wurzak Hotel Group purchase Sheraton Reston Hotel in Reston, VA
Hotel industry news : DoveHill Capital Management, a real estate investment company and Wurzak Hotel Group have acquired the Sheraton Reston Hotel in Reston, Virginia for an undisclosed price. The acquisition done through their combined venture is to grow its vertically integrated investment platform. Sheraton Reston Hotel comprises 298 rooms and is the first investment […]
Starwood Capital to acquire Sofitel Budapest Chain Bridge Hotel from Orbis
Hotel acquisition news : US-based global private investment company Starwood Capital Group has agreed to acquire Sofitel Budapest Chain Bridge Hotel, a luxury hotel in Budapest, Hungary from hotel operator Orbis Hotel Group for €75 million. The Sofitel Budapest Chain Bridge Hotel is an eight-storied five star hotel located near the River Danube, Hungarian Parliament […]
Midtown Athletic Clubs opens new boutique hotel in Chicago, The Hotel at Midtown
Hotel industry news : Midtown Athletic Clubs has announced the opening of a new 55-room boutique hotel in Chicago named as The Hotel at Midtown, marking its foray into the hospitality sector. The new Chicago hotel is located between Bucktown, Lincoln Park and Logan Square neighborhoods, and is the final element of the $85 million […]