Accor announced the expansion of the international SLS Hotels & Residences brand to the Middle East with the opening of SLS Dubai. Developed in partnership with World of Wonders Real Estate – the new property is one of Dubai’s tallest buildings and is set to officially welcome guests and residents on April 5, 2021.
Hotel Companies News
Wyndham Hotels & Resorts, the world’s largest hotel franchising company with over 8,900 hotels across nearly 95 countries, announces the opening of Hotel Avenue Louise Brussels, its first Trademark Collection by Wyndham hotel in Belgium. The new property is situated in the heart of Brussels, close to many of the capital’s landmarks and attractions.
Radisson Hotel Group announce the opening of its first serviced apartment property and eighth operating hotel in the Dutch capital. The 227 all-suite aparthotel Radisson Hotel & Suites Amsterdam South offers the perfect base for families and long-stay visitors. Nestled amidst a maze of canals in a leafy neighborhood, guests will have a quintessential Amsterdam experience with easy access to the city’s central business district.
Marriott Bonvoys Portfolio of Longer Stay Brands Announces the Debut of Marriott Executive Apartments in Doha
Marriott Executive Apartments, part of Marriott Bonvoy’s portfolio of 30 leading brands, has announced its debut in Qatar with the opening of Marriott Executive Apartments City Center Doha. Owned by Al Rayyan Tourism Investment Company (ARTIC), the elevated serviced apartments answer the rapidly growing demand for longer stay accommodations that offer a sophisticated experience with amenities and services that mirror the comforts of home.
IHG Hotels & Resorts is thrilled to announce that its luxury InterContinental brand will come to Sorrento in Victoria’s Mornington Peninsula as part of the redevelopment of the Hotel Continental. It follows the signing of a management agreement with the Consortium behind the iconic Hotel Continental redevelopment on the state’s famed coastal strip.
Wyndham Hotels & Resorts, the world’s largest hotel franchising company by number of properties with over 8,900 hotels across nearly 95 countries, continues to cement its presence across Europe, Middle East, Eurasia and Africa (EMEA) with a series of recent hotel launches and a strong line-up of openings for 2021.
Hyatt Hotels Corporation announced plans to grow its brand footprint in India – one of Hyatt’s top three growth markets globally – by more than 70% by 2023. With over 20 executed managed and franchised agreements, Hyatt will add more than 3,600 keys to its existing portfolio of 32 Hyatt-branded hotels across eight distinct brands in the country, including the Andaz, Alila, Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt, Hyatt Centric, and Hyatt Place brands.
Hyatt continues to expand brand presence of independent hotels in Canada with new hotel joining JdV by Hyatt brand and another slated to join later this year
voco Hotels grows to over 50 openings and signings, marking IHG Hotels and Resorts fastest ever global expansion
IHG Hotels & Resorts’ premium voco Hotels brand has officially reached the milestone of 50 signed and open hotels in more than 20 countries across the globe – marking IHG’s fastest ever global expansion.
Marriott International, Inc. announced it has signed an agreement with Al Saedan Group, a leading real estate company in the Middle East, to open three hotels across Saudi Arabia. The multi-project agreement includes the country and territory’s first Renaissance Hotel, the world’s largest Aloft Hotel and a Courtyard by Marriott in the Holy City of Makkah. All three properties are projected to open by 2025.
Hilton has announced its commitment to convert up to 2,000 rooms in 24 months in Thailand, with a focus on its full service brands Hilton Hotels & Resorts and DoubleTree by Hilton, as well as focused service brand Hilton Garden Inn.
Sonesta Now Has 1,200 Hotels And More Than 100,000 Rooms Diversified Across 15 Brands. Keith Pierce Joins Sonesta As Executive Vice President, President Of Franchising
Hilton Demonstrates Resiliency During Unprecedented Year, Conversions, Extended Stay Drive Sustained Growth and Address Evolving Guest Needs
Despite the challenges that the travel and tourism industry faced in 2020, Hilton continued to deliver positive net unit growth, with further global expansion projected in 2021.
Residence Inn by Marriott Announces the Opening of Its First Hotel in the United Arab Emirates (UAE)
Residence Inn by Marriott, part of Marriott Bonvoys portfolio of 30 extraordinary brands, has announced its debut of the longer stay brand in the United Arab Emirates (UAE) with the opening of Residence Inn by Marriott Al Jaddaf.
RIU is reopening in Cape Verde, on Sal Island to be precise, following several months of closure, by launching its new hotel, Riu Palace Santa Maria.
Hilton Grand Vacations Inc. announced that it has entered into a definitive agreement to acquire Diamond Resorts International, Inc. from funds managed by affiliates of Apollo Global Management, Inc., funds managed by affiliates of Reverence Capital Partners (“Reverence”), and other Diamond stockholders, in a stock-based transaction with an equity value of approximately $1.4 billion. Under the terms of the agreement, the Apollo Funds and other Diamond stockholders will receive 34.5 million shares of HGV common stock, subject to customary adjustments.
Marriott is set to significantly expand its portfolio of properties in Japan, with the opening of three new Fairfield hotels this month, and a further three by the end of summer 2021.
Premier Inn, the UK’s largest hotel business, is readying itself for summer with five new seaside locations set to open this spring / summer. Together the hotels add 545 bedrooms to Premier Inn’s expanding network in popular coastal and leisure locations across the UK.
Accor strengthened its presence in South Korea with the opening of Fairmont Ambassador Seoul and the signing of four new hotels.
VICI Properties Inc. (NYSE: VICI) announced it has entered into definitive agreements to acquire from Las Vegas Sands Corp. (NYSE: LVS) (“LVS”) all of the land and real estate assets associated with the Venetian Resort Las Vegas and the Sands Expo and Convention Center, located in Las Vegas, Nevada, for 4.0 billion in cash, representing a 6.25% cap rate.