Dual hotel development set to open in London’s Nine Elms
Investor and developer Dominvs Group has received planning permission from Wandsworth Council for its 837-room dual hotel development in London’s Nine Elms.
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FASHION PUBLISHING ICON ELLE BREAKS INTO HOTEL BUSINESS
Looking to leverage its global reputation in fashion publishing and with a goal to advance the empowerment for women, ELLE has launched ELLE Hospitality with two boutique brands, Maison ELLE and ELLE Hotel…
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MGM acquires operations of The Cosmopolitan for $1.625B
MGM Resorts International has closed on its transaction with Blackstone to acquire the operations of The Cosmopolitan of Las Vegas for cash consideration of $1.625 billion…
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THE CASE FOR URBAN, BIG BOX HOTEL INVESTMENT
The question of the day for many hotel investors is, “Where do we go next?”
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BUYING INTO A REBOUNDING MARKET
Capital seeking reasonable returns is in love again with the recovering hotel business. However, the issue for anxious buyers is a lack of appealing assets on the market…
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HVS Report - Unlocking the Potential of Heritage Tourism in India
World Heritage Day, also known as the International Day for Monuments and Sites, is celebrated on the 18th of April every year to raise awareness about the importance of preserving our heritage and culture…
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Investors weigh up changing criteria for successful urban regeneration
Investors are increasingly thinking about urban regeneration schemes in terms of neighbourhoods rather than buildings as social impact becomes more of a focus.
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China Government Buys a Hyatt Property From Struggling Developer
Chinese property developer Shimao Group said on Friday it would sell a hotel in Shanghai to state-owned Shanghai Land Group for 4.5 billion yuan ($707.83 million), as it seeks to reduce its debt amid a crisis in the country’s property sector…
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PROS, CONS OF DIGITAL ART INSTALLATIONS
Digital art can heighten visual impact, set a mood and offer the simple ability to change content frequently.
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Camping, glamping sector builds beyond pandemic popularity
Campgrounds, glamping sites, recreational vehicles and anything else that offered fresh air, physical distance and a decreased chance of cancellation due to Covid-19 regulations saw significant boosts in bookings in 2020…
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New Hotel Accounting Metrics Designed To Benchmark Sustainability Efforts
Energy, Water and Waste a Focus of 12th Edition of Uniform System of Accounts for the Lodging Industry
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5 reasons why to start a business is during a recession
Despite the setbacks of the pandemic, 2021 actually looks brighter regarding economic projections and business possibilities…
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Travel advisor sales are in hyperdrive for Disney's Galactic Starcruiser
The Force is strong with travel advisors when it comes to selling Disney's new Star Wars-themed hotel, Star Wars: Galactic Starcruiser.
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Meet Yahya Jan, the architect building the world's tallest hotel, Dubai's Ciel Tower
If you look out onto the Dubai skyline, you're likely to be admiring the work of Yahya Jan…
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This $1.5 Billion Deal Signals a Major Hotel Brand Trend
Wyndham’s move to terminate its management contracts with an acquired CorePoint has significant implications around where major companies want to focus their resources in a post-pandemic hotel environment…
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SELFBOOK RAISES $25M IN QUEST TO REINVENT HOTEL PAYMENTS
New York-based Selfbook, a hotel payment software startup, has raised $25 million in Series A funding at a valuation of $125 million.
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Sustainability in hospitality: Putting construction issues first
Hospitality firms are increasingly keen to jump on the sustainability bandwagon. However, too often they get lost in the complexity of the subject and limit their engagement to unimaginative solutions such as towel reuse in bathrooms…
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Cascade Investment affiliate to acquire controlling stake in Four Seasons for $2.21B
An affiliate of Cascade Investment LLC, a longstanding shareholder, has entered into a definitive agreement to acquire a controlling interest in Four Seasons Hotels and Resorts.
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