Hilton (NYSE: HLT) has announced ambitious plans to double its lifestyle hotel portfolio to approximately 700 properties by 2028. This significant expansion includes the recent acquisition of Graduate Hotels and NoMad Brands, along with the appointment of a new Global Lifestyle President, Kevin Osterhaus. This move underscores Hilton’s strategic focus on the rapidly growing lifestyle […]
MGM Resorts International announced that Mandalay Bay Resort and Casino has completed a significant $100 million redesign of its 2.1 million-square-foot convention center in Las Vegas, tailored to elevate the experience for contemporary meetings and events. This extensive renovation includes upgraded technology infrastructure, additional dynamic digital signage, and a fresh design that aligns with the […]
Today marks the grand opening of Nujuma, a Ritz-Carlton Reserve, the first of its kind in the Middle East, located in the tranquil waters of the Red Sea on Ummahat Island. This exclusive retreat is set within the Blue Hole cluster of islands, renowned for their untouched beauty and vibrant marine life, offering guests an […]
Royal Orchid Hotels Ltd. (ROHL) announced today the signing of ‘Regenta Resort,’ a new luxury 5-star resort located near the world-renowned Statue of Unity in Kevadia, Gujarat. This marks the 15th ROHL branded hotel in Gujarat, strategically positioned to cater to the growing tourism market in the state. Regenta Resort is set to be the […]
Hyatt Hotels Corporation (NYSE: H), in collaboration with Interlink and Vivo Beach Club, has unveiled plans for the first Hyatt Centric branded hotel in Puerto Rico. Located in the vibrant Isla Verde neighborhood, the Hyatt Centric San Juan Isla Verde is set to become a prime destination for travelers seeking a luxurious and culturally immersive […]
In a significant expansion of its hospitality portfolio, Star Asia Group, an independent investment management group specializing in Japanese real estate, has entered into a definitive agreement to acquire 100% of the shares of Minacia Co., Ltd., a prominent domestic hotel operator. This strategic move underlines Star Asia Group’s commitment to capitalizing on the growing […]
Braemar Hotels & Resorts Inc. (NYSE: BHR), known for its strategic focus on luxury hotel investments, confirmed the sale of the 394-room Hilton La Jolla Torrey Pines in La Jolla, California for $165 million. This deal is part of a broader capital market strategy outlined by the company, which also includes the evaluation of selling […]
MCR, together with Building and Land Technology (BLT), a leading real estate firm with over 25 million square feet of developed real estate, has successfully closed a significant refinancing deal worth $632 million on a portfolio of 53 hotels across the United States. This three-year, fixed-rate financing underscores the strong asset quality and operational performance […]
Royal Orchid Hotels Ltd (ROHL) has expanded its presence in Eastern India with the opening of Regenta Central in Puri, Odisha. This new addition marks ROHL’s first venture into the state and its fourth property in Eastern India. Located just 50 meters from the Golden Beach, Regenta Central is set to become a prime destination […]
Royal Orchid Hotels Ltd. (ROHL) has announced the opening of its latest luxury hospitality offering, Velmore by Royal Orchid, located in the serene hill town of Kasauli, Himachal Pradesh. This move is part of ROHL’s broader strategy to contribute to the development of the hill state and enhance its Gross Domestic Product (GDP). The new […]