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Hospitality pros say Marriott will need to work hard to ensure CitizenM doesn’t cannibalize its other lifestyle brand, Moxy. CFO Leeny Oberg says that won’t be a problem.
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President and CEO Chris Nassetta said he sees a path to a positive second half of 2025 despite the current noise and economic uncertainty. He also sees new brands in the future.
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Branded residences have become the flavour of the year in the UAE and the wider Middle East. Developers have embraced the idea that attaching a brand – any brand – can boost both price tags and investor appeal…
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UAE billionaire Khalaf Al-Habtoor is considering hiring a Chinese company to deconstruct his five-star hotel in Beirut and move it to another country, following a decision in January to end all investment in Lebanon…
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Marriott International announced it has reached an agreement to acquire the lifestyle brand citizenM, a unique and innovative offering in the select-service segment. The transaction is expected to accelerate Marriott’s global expansion of its…
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The purpose-built student accommodation (PBSA) sector is one of real estate investments fastest growing sectors, with funds increasingly drawn by its high yielding models and favourable demand dynamics…
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Paris-based Accor posted strong revenue, RevPAR, net unit growth and pipeline numbers as part of its first-quarter earnings.
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It’s not a match made in heaven, at least according to shareholders of Tongcheng Travel Holdings Ltd. (0780.HK), which last week announced it would buy the hotel management, construction and design business of Wanda Hotel Development Co…
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Following the $800 million recapitalization for their Space Coast portfolio, this transaction allows for some added leverage and liquidity for investors.
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Revo Hospitality has been born, as a rebrand and repositioning of the HR Group, reflecting its recent growth as a major European hotel manager
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Israeli-backed Leonardo Hotels is growing in central Europe, supported by a series of strategic partnerships and new investments.
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Tongcheng Travel Holdings, a Chinese online travel services provider, has agreed to acquire Wanda Hotel Management Hong Kong for about CNY2.5 billion (USD342 million), beefing up its hotel assets and competitiveness…
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Greece’s leading role on the global tourism map, combined with the relatively small penetration of major foreign hotel brands compared to other developed destinations, continues to attract large foreign hotel management chains…
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This development helps the partners to expand their Dubai presence while boosting midscale hospitality.
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At an event for Marriott’s millionth open room in the U.S., Anthony Capuano talked exclusively to Hotel Investment Today about NUG, tailwinds and the power of conversions.
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A popular all-inclusive resort brand hitting the market might seem like catnip for major hotel companies like Marriott International, Hilton, Hyatt, Accor and IHG Hotels & Resorts — each of which has shown significant interest in expanding in this…
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THE UK could be about to become home to Europe's biggest theme park, with a deal set to be confirmed next week…
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Marriott Hotels, in collaboration with The Secret Little Agency (TSLA), has unveiled its latest campaign in the Asia Pacific region (excluding China), aimed at celebrating the 24-hour hospitality experience offered by properties at the company…
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