Hotel brand Ruby will launch in Budapest with a new hotel fashioned from the historic Corvin Palace department store building
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The evolving nature of the relationship between hotels and their tech partners
Family-owned Icelandic hospitality company Íslandshótel launched in 1992 when it opened Hotel Reykjavík in the capital with just 30 rooms. Today, with 18 properties and 2,000 rooms, the company is Iceland’s largest hotel chain…
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A luxurious members-only 'doomsday' bunker featuring swimming pools, AI-driven healthcare and glamorous suites is set to open in 2026.
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Barry Sternlicht Is Reviving the Starwood Hotel Brand
Twenty years ago, the hotel magnate stepped down from Starwood, which later sold to Marriott for $13 billion. Now, he wants to give it another go.
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Despite a backdrop of political and economic uncertainty as well as difficult financing conditions, 2024 witnessed a resurgence in hotel transaction volumes. A we settle into 2025, stakeholders are optimistic on increased deal activity by the end of…
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Mind the transactions gap: What’s moving the markets in 2025?
The year 2025 could be the year that hospitality transactions move closer to pre-pandemic volumes, according to experts in the sector. Yet with total European hotel deals for 2024 expected to touch €20 billion, recent volumes are still some way off…
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Preferabli acquires Libation Labs to ‘revolutionise’ personalised wine and hospitality experiences
Preferabli, the AI-driven product discovery platform for wine, spirits, and food, has announced its acquisition of Napa-based Libation Labs, a direct-to-consumer loyalty platform known for its app, Cuvée…
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Building a business is not for the faint of heart, and many of those who dare to take the chance share one trait: self-confidence.
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Billionaire to sell infamous Las Vegas Strip hotel Circus Circus
Billionaire Phil Ruffin is looking to sell one of the Las Vegas Strip’s most infamous properties, but whether or not this spells the end of Circus Circus remains to be seen.
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Portugal’s hotel market has a strong development pipeline, as investors see consistent growth in the country’s tourism sector. A report from agent Christie & Co details the opportunities, and the development pipeline in the country…
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Canada’s first Hard Rock Hotel set to open in London
BRISBIN BROOK BEYNON ARCHITECTS — A former cereal factory in London, Ont. has been transformed into a Hard Rock Hotel that is nearly complete. It will open with 164 rooms in its first phase, with plans to expand to 353 rooms in the second phase. It…
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Mohari CEO Smith talks growth plans
Mohari Hospitality is not a big institutional investor, but CEO J. Allen Smith said as it continues to develop more partnerships, it is certainly creating institutional-like capital firepower.
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How Machine Learning Can Help Hotels Via Segmentation Recommendations
Into 2025, this is going to be the ‘year of data’ wherein hotels now have the tools to develop real-time data flows and structured data warehouses to conduct proper AI-driven analyses. Lucrative and alluring in theory; the reality here still far…
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Management challenges, changes for 2025
Addressing labor costs and retention, as well as F&B profitability top of mind for managers who are creating more incentive-based deals.
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Review of 2024: The year in APAC hospitality deals
The appeal of hospitality has driven a surge in transactions across Asia-Pacific in 2024, with JLL forecasting that the region will reach a record $12.2 billion in hotel deals by year end…
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Jeremy McCarthy: 2024 marked watershed moment for wellness in hospitality
For three decades, the wellness trend in hospitality has been gradually gaining momentum. Yet, according to Jeremy McCarthy – group director of leisure, spa and wellness at Mandarin Oriental – the industry shattered an “atmospheric ceiling” in 2024…
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Shimao Cuts Asking Price for Hong Kong’s Second-Largest Hotel
Defaulted Chinese developer Shimao Group Holdings Ltd. has slashed the asking price for a Sheraton-branded hotel property near Hong Kong’s airport by a quarter, according to a person familiar with the matter…
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Billionaire property developer Sam Arnaout buys two hotels in Sydney
Sam Arnaout bought the Cabramatta Hotel in west Sydney and the El Cortez Hotel in Canley Heights in a deal worth close to $200 million.
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