West Belfast-born property investor Paddy McKillen has reportedly been awarded more than £700 million arising from a dispute with the Qatari owners of three upmarket hotels in London.
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Luxury brands, global funds flock to Seoul hotels
Rosewood, Mandarin Oriental, Ritz-Carlton plan openings while Goldman Sachs, GIC target mid-scale deals
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Hanwha Hotels buys debt-ridden Mount Bukhan resort, aims to transform it into premium stay
Hanwha Hotels & Resorts acquired a five-star resort with 390 billion won ($282 million) in debt for 30 billion won, with an eye on turning it into one of its own premium hotel locations, the company said Thursday…
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Luxury hotels are more expensive than ever to build. It doesn’t mean they aren’t getting done
It’s easy to enjoy a luxury hotel. Building them is hard. According to the HVS U.S…
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Where to look for hotel supply (and why)
Nordic-focused private equity investor Slättö recently announced plans to expand its hospitality portfolio by acquiring a run down, 1960s office building. The property purchased, a sombre concrete and green glass monolith, was occupied by the…
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Portman shifts to acquisition mode
The prolific, big box project developer recognizes the need to acquire assets where their ability to execute complex renovations can drive better returns.
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Why leases struggle to please all stakeholders
Steep rises in operational costs and an uneven recovery after Covid have put leases under the spotlight. Do hotel leases still deliver the right balance of risk and reward for both owners and operators…
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China’s super-rich investors eye Shanghai hotels for scarcity value, tourism appeal
High-net-worth individuals and corporate investors accounted for 88 per cent of all property deals in Shanghai last quarter, according to JLL
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Italian investors seek the next resort
It might be a stretch to say that Rome has fallen out of fashion this year, but negative publicity around overcrowding – with millions of pilgrims expected in the Vatican’s Jubilee year – has definitely made some tourists hit pause on the Italian…
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Las Vegas Sands Doubles Down On Singapore Bet With $8 Billion Hotel Complex
Las Vegas Sands is doubling down on its bet in Singapore with an $8 billion investment to expand its footprint in one of Asia biggest financial centers to tap into travel boom.
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Hotel veteran tapped as chief executive of new cruise line Four Seasons Yachts
The companies behind Four Seasons Yachts have hired a hotel industry veteran to lead the luxury cruise line as it prepares to launch next year…
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Chinese hotel investment stabilises amid signs of upturn
With US President Donald Trump signalling that he has inked a new trade deal with China, and will soon visit the country with a delegation of business leaders, Chinese leader Xi Jinping may hope the news represents another strategic milestone…
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Bosphorus landmark waterfront hotel Les Ottomans sold for $80M
Les Ottomans, one of Istanbul’s most iconic waterfront properties, was sold for ₺3.2 billion ($80 million) on Monday in a court-ordered foreclosure auction to BLG Capital, a company led by prominent real estate investor Serdar Bilgili…
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Do serviced apartments have the edge over hotels?
With streamlined operations and high GOP conversion rates, serviced apartments can be an attractive asset class for institutional and individual investors alike.
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Africa’s hotel performance still a wild card
After two years of solid recovery, the global hospitality industry has moved into “steady, modest and expected” growth patterns but Africa presents a far more complex picture.
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Trump’s Name Could Adorn Tel Aviv Hotel, Becoming a Symbol or a Target
The Trump Organization’s preliminary talks this spring about affixing its brand to a tower near a recent missile strike highlight the complexities of its international deal-making.
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Chance to buy £2m hotel for £1, but there's a catch-you'll need £1m to finish it
A property developer who sunk £3.2 million into the doomed renovation of a historic Grade II-listed hotel is now selling it - for just a POUND.
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How insurance has become a disruptive force in hotel underwriting
After years of pandemic-driven disruption, RevPAR has largely returned to pre-2020 levels across many US hotel markets, particularly those with strong leisure demand. This metric increased by 1.8 percent last year, with CoStar noting it reached…
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