Digital Nomad Startup Raises $325 Million For 150 Boutique Hotels
Traditional short-term rentals often don't work well for the digital nomad who also wants to socialize. Outsite is trying to fill that gap…
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Rapid Expansion of Hotels in Athens Signals Growing Tourism Boom
New hotels are growing rapidly in Athens, particularly in the historic centre. In an area encompassing Koukaki, Syntagma Square, Omonia, and Monastiraki, there are now over 350 hotels boasting more than 30,000 rooms…
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Singapore’s CapitaLand sells Parramatta, North Ryde hotels for $109m
Singaporean real estate giant CapitaLand has sold two Sydney hotels that form part of its $9 billion listed CapitaLand Ascott Trust for $109 million to local investors Frank and Wade Huang as it recycles capital into higher yielding investments…
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‘Final curtain call for Kings Cross’: Theatre to become new hotel
One of Kings Cross’s last surviving art deco theatres is to be converted into a boutique hotel and cabaret room despite the last-minute intervention of the state’s former arts minister…
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With $2.3 Billion in Maturities Looming, Service Properties Focuses on Addressing Debt
Service Properties Trust President and Chief Investment Officer Todd Hargreaves said his company is open to buying hotels, but its immediate priority is dealing with a wave of debt that is maturing over the next two years…
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Public outcry over construction near Vietnam’s Ha Long Bay
HANOI – A huge residential complex being built on the borders of Vietnam’s Ha Long Bay prompted a public outcry in the South-east Asian country on Monday, as concerns mount over human impacts that have degraded the Unesco World Heritage Site…
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Efcee Hotels and Uttarakhand Government partner for Eco-Friendly Hotels at Four Locations
Efcee Hotels, the hotel investment arm of the Leela Group of Companies, has signed a Memorandum of Understanding (MoU) with the Government of Uttarakhand…
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Some people buy a car during a midlife crisis. This man bought a small-town hotel instead
For the past two years, property developer Matt Rogatz made a weekly five-hour round trip from his home in northern Chicago to Green Lake, Wisconsin — population 1,005…
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CapitaLand Ascott Trust divests two hotels in Australia for AUD109.0 million - CBRE Hotels
Transaction is part of CLAS’ active portfolio reconstitution strategy to deliver sustainable returns to Stapled Securityholders.The Courtyard by Marriott Sydney-North Ryde and Novotel Sydney Paramatta sold by Michael Simpson and Vasso Zographou of…
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Diamond Strip hotel and bar approved by Newcastle City Council
Plans to open a six-storey hotel and bar in Newcastle have been approved. Boardwalk will open at Metropolitan House on Collingwood Street and will feature a bar in the basement and on the ground floor…
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EOS Investors identified as buyer for Hotel Zoe Fisherman’s Wharf
New York investor bought the 221-room hotel from Pebblebrook Hotel Trust for $68.5M - EOS Investors was identified as the mystery buyer that paid $68.5 million for Hotel Zoe Fisherman’s Wharf in San Francisco…
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BKMY IMPEX, Hilton partner to transform city’s skyline with luxury Double Tree Hotel
Addis Ababa, Ethiopia’s capital city, will soon welcome another global h ospitality brand to its thriving hospitality sector…
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Mogul Capital has pulled back on its plan to build a 396-room hotel in Santa Clara…
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I reluctantly agreed to do this end of the year preview in that the uncertainty barometer is near the top of the scale…
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Australia attracts nearly US$10 billion of upper segment hotel projects
Hotel development is looking up in the Land Down Under, with almost US$10 billion of high end sites planned for Australia. According to the latest figures from THP, a minimum of 173 premium projects are underway, comprising 28,430 keys…
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Mauna Kea Beach Hotel plans $180 million renovation
Located on the Big Island of Hawaii, Mauna Kea Beach Hotel, Autograph Collection, has announced a $180 million renovation that will begin in the second quarter of 2024…
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Bangkok-based hotel to launch new property in Finland
Bangkok-based hotel owner, operator and investor, Minor Hotels announced the launch of the five-star “NH Collection Helsinki Grand Hansa” in Helsinki, Finland as a part of its expansion plans in the Nordic region…
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IOGR Group Aiming to Acquire Multi-room Hotel Units as Part of Expansion
As part of its ongoing expansion plan, IOGR Group, owner of Greek airline Sky Express, announced that it would be acquiring multi-room hotel units at destinations with air connectivity…
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