Isrotel’s hotel chain Aluma acquires Rome’s Savoy Hotel for $75m
The hotel is now set to undergo a substantial renovation, with a €30m investment planned before its reopening.
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Massive investment in luxury Algarve hotels
Following the official inauguration of the renovated Governor's Palace, Highgate Portugal is preparing to invest almost €50 million to renovate four hotels in its portfolio in the Algarve, namely the São Rafael Atlântico and the three hotels and…
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Global Hotel Alliance adds four new hotel brands to its portfolio
The UAE-headquartered Global Hotel Alliance (GHA) has added four new prestigious regional hotel brands to its portfolio, expanding its presence in some of the world’s most popular tourism destinations…
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New projects: international hotel brands in Turkey
Turkey is a highly popular tourist destination, attracting millions of visitors yearly with its rich history, cultural heritage, and beautiful coastal areas. In addition to its vital tourism industry, Turkey is also a hub for business travel due to…
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Sam Nazarian and Tony Robbins Are Launching Longevity Clubs and Hotels
The Estate is the latest entrant in the $5.6 trillion-per-year global wellness industry and will include hotels, residences and longevity centers with $35,000-a-year memberships.
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Hyatt appoints Stephen Ansell as managing director for Middle East and Africa
Stephen Ansell is Hyatt’s new Managing Director in its fast-expanding Middle East and Africa (MEA) region. In his role, Stephen will oversee the MEA regional portfolio, currently comprising 38 hotels, more than 9,000 rooms, and eight brands spanning…
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The improving economies of Armenia, Georgia and Azerbaijan present opportunities to grow tourism and hotel projects.
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A vast continent full of opportunities, Africa is proving a region where Hilton is finding new markets for its hotel brands.
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Forte dynasty takes next steps
Charles Forte talks about investment from Saudi fund, pipeline and maintaining Rocco Forte Hotels’ classic luxury position.
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Hoxton hotels owner is betting on Americas and Middle East as it plans to open 27,000 new rooms
Ennismore, the group behind the Hoxton hotel chain, is betting on the Middle East and the Americas for its growth after warning that Europe is becoming “challenging” for hotel development.
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InterGlobe forays into international hospitality
InterGlobe Enterprises recently announced the launch of Miiro, a new lifestyle hotel brand with a distinctive collection of individually designed hotels in the heart of Europe’s most vibrant cities, each with its unique culture, history, and…
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Hilton aims to double African hotel portfolio
Hilton, the US multinational hospitality company, has ambitious plans to expand in Africa, as Andreas Lackner, vice president, operations, Africa and Indian Ocean, tells African Business.
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The global hotel industry is experiencing a significant surge in development, with the United States and China at the forefront. According to Lodging Econometrics’ (LE) Q2 2024 Global Construction Pipeline Trend Report, the worldwide hotel…
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RedDoorz Eyes IPO to Build Southeast Asia’s Largest Hospitality Firm
While the Indian IPO market is strong right now, global markets aren't as friendly, as a result RedDoorz is taking a measured approach with its IPO plans.
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6 big trends for hospitality real estate in Q3
We recently gathered together a select group of investors to discuss the ins and outs in our Q3 Investor Council meeting. Below are a selection of the key nuggets from that discussion. We’ll be developing some of these themes further over the next…
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IHIF Asia Preview: How Hilton plans to grow
Asia is fast becoming one of the most important battlegrounds for the major hotel brands. Most have evolved out of the US and Europe meaning there is more real estate to chase elsewhere. The potential of markets like India and China is well…
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Strawberry Launch New Hotel Chain Stopover
Next year, the first of around 20 hotels in the new Stopover hotel chain will open. These climate-smart hotels focus on electric vehicle travelers and, in addition to a comfortable bed, digital and efficient guest solutions, also offer exciting…
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Worldwide Hotels makes it big with modest lodgings
The opening of the 989-room Mercure Icon in Singapore this spring, marking the launch of the largest Mercure hotel in the world, was another bold move from hospitality group Worldwide Hotels.
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