Hyatt Hotels Corporation has finalised the sale of the Hyatt Regency Orlando for approximately $1.07 billion, a landmark transaction in its capital allocation strategy. This deal, executed by an affiliate of Hyatt, includes the sale of the 1,641-room Hyatt Regency Orlando and 45 adjacent acres to affiliates of RIDA Development Corporation and an Ares Management […]
Marriott International, Inc. has achieved a significant milestone with the grand opening of the St. Regis Longboat Key Resort in Florida, marking its 9,000th property. This luxury beachfront retreat, situated on 18 scenic acres in Longboat Key, offers an unparalleled experience with 168 elegantly designed guestrooms, including 26 suites, each providing stunning ocean views. The […]
Late Tuesday night, the picturesque town of Kröv in Germany was rocked by the collapse of the historic Reichsschenke Zum Ritter Götz hotel, claiming two lives and leaving one person trapped under the debris. This tragic incident occurred in a region renowned for its scenic beauty along the Mosel River, approximately 100 kilometers west of […]
Fairmont Hotels & Resorts, a luxury brand under the Accor group, in partnership with SOL Properties, a leading UAE developer, has announced the launch of Fairmont Residences Solara Tower Dubai. This ambitious project is set to redefine luxury real estate in the heart of Downtown Dubai, with completion targeted for the third quarter of 2027. […]
Blackstone Real Estate, through funds managed by Blackstone, has successfully completed the acquisition of Village Hotels, a prominent UK-based hotel owner, operator, and developer, from affiliates of KSL Capital Partners, a leading investor in the travel and leisure sectors. This acquisition sees Blackstone taking over 33 strategically placed assets across large regional cities and suburban […]
Royal Orchid Hotels Ltd. (ROHL) has taken a significant step in strengthening its leadership by appointing Arjun Baljee as the President of the company. As a co-promoter who has been integral to Royal Orchid since the inception of its first hotel in 2001, Arjun Baljee’s new role is poised to drive the company’s ambitious expansion […]
The signing ceremony for the Taicang Alps Resort Phase II project, a monumental event in the development of China’s winter sports and tourism sectors, was recently held at the Club Med Urban Oasis Taicang Resort. The project, which marks a significant expansion of the already successful resort, involves a total investment exceeding 5 billion yuan. […]
Apeejay Surrendra Park Hotels Limited (ASPHL) has announced the addition of a new luxury hotel under the renowned brand name THE Park, located in the picturesque foothills of Nainital, Uttarakhand. This new establishment is set to enhance the hospitality offerings in the region, providing a luxurious gateway to the Jim Corbett National Park, India’s first […]
Royal Orchid Hotels Ltd. (ROHL) has expanded its footprint in the National Capital Region with the launch of its latest establishment, Regenta Inn, Gurugram. This marks the fourth hotel by ROHL in the region and the second in Gurugram. Strategically located near Medanta – The Medicity, the new hotel caters primarily to medical tourists, providing […]
In a landmark agreement, Accor SA and LVMH Moët Hennessy Louis Vuitton SE have announced a strategic partnership aimed at accelerating the development of the Orient Express brand, a name synonymous with luxury travel for over a century. This significant collaboration involves LVMH’s strategic investment in the entities that will manage the future Orient Express […]