The acquisition includes an initial investment of $215 million for the Miraval brand and the resorts in Tucson and Austin. Hyatt expects to invest an additional $160 million over the next two to three years to fund the expansion of the Tucson resort, the redevelopment of the Austin resort and the acquisition and redevelopment of the Lenox resort.
InterContinental Hotels Group (IHG) announced Mike Robinson as General Manager of the upcoming Kimpton De Witt, set to open in Spring 2017 as the first Kimpton Hotel & Restaurant (Kimpton) outside of the Americas.
These newly announced properties contribute nearly 1,200 rooms to the hotel companys pipeline and will join the portfolio of more than 45 existing hotels in Mexico.
W Hotels Worldwide, now part of Marriott International, Inc. (NASDAQ: MAR), today announced an agreement with QPR Properties Kft, part of Constellation Hotels Holding Ltd., to debut the W Hotels brand in Hungary with the opening of W Budapest.