Asia Pacific hotel deals grew in tandem with resurgence of tourism: JLL
Hotel transactions grew in tandem with the uptick in tourism across Asia Pacific in the first half of the year, revealed latest data and analysis by JLL. Hotel deals jumped 19% YOY to touch $5.7 billion, led by major deals in Japan…
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Egypt approves of LE 50B financing toward tourism sector to boost hotel room capacity
To bolster the tourism sector, the government recently gave the go-ahead to a new LE 50 billion initiative for building and operating new hotel rooms, including expansions of existing projects or converting closed buildings into hotel facilities…
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New Hyatt partnership adds glamping options
Hyatt has partnered with Under Canvas to launch glamping at 13 locations across the U.S., including Under Canvas’ new outdoor resort, ULUM Moab. The alliance provides World of Hyatt members with access to camping experiences across many U.S…
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Why Cedar Capital wants to increase its Mediterranean exposure
Cedar Capital Partners is expanding its footprint in the Mediterranean and beyond, capitalizing on the post-Covid tourism boom and targeting key European and US markets.
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Radisson’s Tim Cordon on regional strategy, opportunities and innovation
The COO – MEA & SEAP, Radisson Hotel Group, delves into its ambitious regional expansion strategies, the distinct challenges and opportunities across different markets.
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Radisson Hotel Group boosts Türkiye presence
Radisson Hotel Group adds seven hotels, including six signings and one opening, in the Turkish market in the first half of the year. These development milestones bring the Group closer to reaching 100 hotels by 2030…
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Investors weigh global options for hospitality success
Despite the wider real estate industry feeling the effects of high interest rates and a sluggish transactions market, hospitality remains a “relative outperformer against other commercial real estate verticals”, according to Bill Grice, head of CBRE…
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Great expectations: The why, when, how and with what of entering a new hotel market
Aqua-Aston Hospitality, a management company that has been closely associated with Hawaii since 1948 and has 25 properties in the state, announced earlier this year that it would be opening a dual-branded Fairfield Inn & Suites and TownePlace Suites…
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Small Indian hotels dream big with foreign locales
In June, global hospitality technology company Oyo launched its first luxury hotel in Dubai—Palette Royal Reflections Hotel and Spa—to strengthen its premium property portfolio in the Gulf region.
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Wyndham opens first ECHO Suites extended stay property
Wyndham Hotels and Resorts has debuted its extended stay ECHO Suites brand, with a total of 270 properties now in the brand’s development pipeline.
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Inside European budget brand B&B’s entry into the US
France-based B&B Hotels, which launched into the U.S. lodging space this spring, intends to advance in the domestic market by keeping the same business model that works in Europe.
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Hybrid brand Kabannas expands across Europe
A new hybrid accommodation brand, with the look and feel of a lively hostel, is making ground as the well-backed Kabannas looks to acquire further sites in European city centres for conversion to its format…
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HotelREZ announces 74 new hotels amidst continued global expansion
HotelREZ, one of the world’s fastest growing hotel representation companies, continues to expand its client base in key international markets with the addition of several prestigious hotels.
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Spain’s Eurostars seeks committed, cooperative investors
Eurostars Hotel Company is on the lookout for long-term and “hands off” investment partners as it launches into fresh markets from Eastern Europe to the Americas and points in between, according to Clara Lopez, the Spanish group’s director of…
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UK Hotel investment totals £3bn in H1 as portfolio transactions drive activity
The return of portfolio transactions has bolstered UK hotel investment during the first six months of 2024 with investment totalling £3 billion, up from £990 million over the same period in 2023 and far beyond last year’s full year total (£2…
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Hyatt Snaps Up Small Lifestyle Hotel Brand in European Push
Hyatt has bought the “me and all hotels” brand from Germany’s Lindner Hotels, a minor expansion of its European portfolio. The deal for the lifestyle hotel brand, which closed Friday, adds a 29th brand to Hyatt’s collection of hotel, resort, and…
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Adagio expands with franchise deals
Adagio aparthotels, a joint venture project supported by Accor and Pierre & Vacances, is pushing for more international growth by increasing the number of franchise agreements in the portfolio.
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Generator built its business on the hostel concept. Just don’t call it that anymore.
In 2005, the film director Eli Roth made a movie that gave hostels a really bad name. Putting the ludicrous plot and gory violence aside, “Hostel,” a film about two college students and their bad travel choices, cast hostels in a very seedy light…
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