Accor is stepping up its ambition in the lifestyle sector with TRIBE, a rapidly expanding midscale brand, which is exceeding initial expectations and planning to open more than 50 hotels globally.
Hospitality Technology Next Generation (HTNG), in partnership with the Hospitality Sales and Marketing Association International (HSMAI), launches a joint initiative to better align marketing and technology disciplines in hospitality organizations.
Total travel spending in the U.S. is predicted to drop 45% by the end of this year, spurring renewed calls for federal measures to support the industry that was one of the top U.S. employers and exporters prior to the pandemic.
Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, has assumed management of a four-hotel portfolio of upper-upscale and upscale independent and Hilton-branded hotels located in Fla., Okla., and Texas.
Royal Caribbean Cruises has announced that it has commenced a private offering of senior guaranteed notes to be issued by the company due 2023 for an aggregate principal amount of up to $1.0 billion and a concurrent private offering of senior convertible notes to be issued by the Company due 2023 for an aggregate principal amount of up to $1.0 billion.
Charlestowne Hotels, providing full-service hospitality management, has announced a formal agreement with The Thrash Group, a national hospitality development company, to oversee their entire portfolio of hotels. Under this new agreement, Charlestowne will add ten properties to its portfolio.
Al Rayyan Tourism Investment Company (ARTIC), the international hotel investment and hospitality subsidiary of Al Faisal Holding Company in Qatar has acquired the Viceroy Miami luxury boutique hotel and will now convert the property into a W hotel to be renamed W Miami.
Ashford Hospitality Trust, a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale hotels, has recently announced that it has entered into a definitive agreement to sell a 5-hotel, 1,396-room portfolio of select-service hotels for US$142 million in cash (US$102,000 per key) to Noble Investment Group.
Provenance Hotels Partners Fund I (PHPF I) has announced its acquisition of the Old No. 77 Hotel & Chandlery in New Orleans.
Commerz Real’s open-ended real estate fund hausInvest as part of its strategy to further expand its hotel investment portfolio. Its latest acquisition is the newly completed 11 Howard hotel, a 221 room boutique hotel on Howard Street in New York’s trendy SoHo district.
Tribute Portfolio, a collection of independent hotels and resorts from Starwood Hotels & Resorts Worldwide, Inc, has announced three new signings, bringing the brand’s footprint to 20 properties worldwide, exactly double the original growth projection for its first year.
Choice Hotels International, an American hospitality holding corporation based in Rockville, Maryland, in the United States, has recently celebrate the debut of two new Cambria hotel & suites projects in Chicago.
Nashville is about to gain 468 hotel rooms next to the Music City Center convention facility now that financing is set and construction nears on the first Marriott tri-branded property in the U.S.
Home2 Suites by Hilton, part of Hilton Worldwide's industry-first All Suites portfolio, has announced its newest property, Home2 Suites by Hilton Tulsa Hills.
RLJ Lodging Trust has recently announced that it successfully refinanced over $1.0 billion of debt consisting of a $400.0 million unsecured term loan, a $400.0 million revolving credit facility, $148.5 million in secured loans provided by Wells Fargo Bank, N.A., and an $85.0 million secured loan provided by PNC Bank, N.A.
HNA Tourism Group Co., Ltd., a division of HNA Group Co., Ltd., a Fortune Global 500 company with operations across aviation, tourism, hospitality, finance, and online services among other sectors, and Carlson Hospitality Group, Inc. today announced they have entered an agreement, for the acquisition of Carlson Hotels, Inc.
A joint venture between InSite Group, a boutique real estate investment and development company founded in 1996 and based in South Florida, and the New York-based EL Group has acquired the historic 93-room Sagamore Hotel, located in the heart of world-famous South Beach, a neighborhood in the city of Miami Beach, Florida, United States.
Starwood Hotels & Resorts Worldwide, Inc. has recently announced it will significantly expand its Element Hotels portfolio in North America.
Delta Hotels and Resorts announced the April 21st the official grand opening of the Delta Orlando Lake Buena Vista in partnership with JHM Hotels. This is Delta’s first branded hotel in the United States and signals the global expansion of the Delta brand.
Country Inns & Suites By Carlson, the upper-mid scale hotel brand, has recently announced the opening of Country Inn & Suites By Carlson, Harrisburg West, PA in the capital city of the U.S. state of Pennsylvania. The hotel is located 20 minutes from Harrisburg International Airport at 4943 Gettysburg Road.
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