Hyatt signs agreement with Knowledge Economic City for two new Hyatt-branded hotels in the Kingdom of Saudi Arabia
Investment volumes in the first quarter of 2024 totalled US$30.5 billion, representing the only region globally to see year-on-year growth
A summary of European hotel transactions provided by HVS
First Major Hotel Sale in the Market Since Early 2023 Signals Rebound of Hotel Market Sales
During its 68th Annual Convention in Las Vegas, Nevada, Choice Hotels International, Inc. (NYSE: CHH) announced the relaunch of Park Inn by Radisson. As part of the strategy with Choice's acquisition of Radisson Hotels Americas in 2022, Park Inn by Radisson is being strategically repositioned into the premium value conversion space.
Starwood Capital Group, Crescent Real Estate LLC and High Street Real Estate Partners today announced that controlled affiliates have completed the sale of the 1 Hotel and Embassy Suites in Nashville, Tennessee, to Host Hotels and Resorts, a lodging real estate investment trust and owner of luxury and upper-upscale hotels. Terms of the transaction were not disclosed.
Twenty-five years ago, The Venetian Resort Las Vegas made waves when it pioneered the convention-hotel concept and delivered Venice's canals to the Las Vegas desert, gondoliers and all. Today, coinciding with this momentous birthday, the iconic resort unveils a new era ushered in by its $1.5 billion reinvestment project.
Accor participated in the Future Hospitality Summit, which returned to Saudi Arabia this year, bringing together the Kingdom's leading industry experts. From 2022 to 2032, the growth rate in the GCC's tourism sector is projected to be 13.6% with a potential market value of 65.5 billion USD.
Indian Hotels Company (IHCL), India's largest hospitality company, today announced the signing of a hotel in Sarnath, Uttar Pradesh. The Greenfield project will be branded a Gateway hotel.
Towering above the city's dynamic Dojima district, the all-new Four Seasons Hotel Osaka is now accepting reservations ahead of its grand opening this summer.