Emaar Hospitality Group, the hospitality and leisure subsidiary of global developer Emaar Properties, today announced its expansion plan, highlighted by 35 new hotels and serviced residences to open under its three flagship brands Â â€“ The Address Hotels + Resorts, Vida Hotels and Resorts and Rove Hotels - Â in Dubai, the UAE and key international markets.Â
Urban - Luxury News
Starwood Hotels & Resorts Worldwide, Inc. has announced it has reached an agreement with Eastonâ€™s Group of Hotels to open the second Element Hotel in the Greater Toronto Area and renovate Four Points by Sheraton Toronto Airport. The eight-story Element Toronto Airport will open in summer 2018 adjacent to the seven-story Four Points Toronto Airport, which will remain open throughout the US$4 millionrenovation.
An Oxford Capital Group, LLCÂ led venture with Angelo, Gordon recently announced theÂ $315 millionÂ sale and 25 year lease-management back of LondonHouse Chicago, at the corner of North Michigan Avenue and Wacker Drive, toÂ Germany'sÂ Union Investment Real Estate.
LaSalle Hotel Properties hasÂ announced the appointment ofÂ Kenneth G. FullerÂ as Executive Vice President, Chief Financial Officer, Secretary, and Treasurer, effectiveÂ April 25, 2016. Mr. Fuller succeedsÂ Bruce A. Riggins, who will leave the company to pursue other opportunities. Mr.Â Riggins will continue to serve as the Companyâ€™s Chief Financial Officer for the transitional period.
MeliĂˇ Hotels International is set to launch Gran MeliĂˇ de Mar on theÂ Palma de Mallorca Bay in April 2016. Following an extensive renovation, theÂ property, previously a MeliĂˇ hotel, has been upgraded to become the brandâ€™s flagship couples-only resort.
QG Africa Hotel LP, a Mauritius-based fund managed by QG Investments Africa Management Ltd, a company of the Quantum Global group, has acquired 100% interest in the InterContinental Hotel Lusaka from Kingdom Hotel Investments for a gross consideration of USD 35.9 million.
JLL's Hotels & Hospitality group has advised Portuguese Sodim SGPS SA on the sale of the five-star, 150-bedroom Hotel Villa Magna, Madrid, Spain, to Turkish Doğuş Group.
InterContinental Hotels Group (IHG), one of the worldâ€™s leading hotel companies has announced the signing of InterContinental Sofia, the first for the brand in Bulgaria. The hotel will operate under a management agreement with InterHotel Grand - Hotel Sofia AD.
InterContinental Hotels Group (IHG), one of the worldâ€™s leading hotel companies, has announced the signing of its first InterContinental hotel in Venice - InterContinental Venice â€“ Palazzo Nani. The hotel will operate under a franchise agreement.
Starwood Hotels & Resorts Worldwide, Inc. announced on February 15, 2016, that it has closed on the sale of Hotel Imperial, a Luxury Collection Hotel, Vienna to Al Habtoor Investment - the investment arm of UAE conglomerate Al Habtoor Group for $78.8 million USD. As part of the transaction, all rooms and suites of the iconic hotel will be renovated over the next four years. Hotel Imperial will continue to operate as part of The Luxury Collection brand under a new long-term management agreement.
Starwood Hotels & Resorts Worldwide, Inc.Â announced yesterday that the company has reached a management agreement with Rajawali Property Group to open TheÂ St. RegisÂ Jakarta and The Residences at TheÂ St. RegisÂ Jakarta.