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The Urban Planning Department of Milos has blocked the construction of another five-star hotel on the island, suspending all works in the Agios Konstantinos area following judicial intervention.
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British hospitality giant IHG Hotels & Resorts is set to more than triple its open and in pipeline hotel portfolio in India to 400 over the next five years, according to the company’s top executive.
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Global Power City Index 2025 sees city rankings shift due to tourism gains in East Asia and inflationary pressures in the west, 48 major cities evaluated in Mori Memorial Foundation’s GPCI-2025 report…
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As luxury hospitality grows into a $166bn (€142bn) global market, IHG’s new head of luxury and lifestyle, Christophe Laure, shares how Intercontinental Paris Le Grand is refining its approach to stay ahead in an……
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The newly named Another Star also announced a $685 million hotel portfolio refinance with J.P. Morgan and KSL Capital Partners.
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Can this UNESCO World Heritage site grow its tourism economy without destroying its fragile environment? Here’s how resorts and operators are answering the question.
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Mori Trust is looking for overseas partners to launch condominiums in Japan that can be rented out like hotel rooms, its chief executive officer said, as the company seeks to profit from the nation’s tourism boom…
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Hotel management company Grand Metropolitan Hotels (GMH) has acquired London-based Signature Hotels for an undisclosed sum.
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Cushman & Wakefield has released its 2025 China Hotel Industry Market Investment and Value Insights report.
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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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Typically, major hotel owners had set aside four per cent of gross annual revenue for capital improvements (capex) and four to five per cent in reserves for repair, maintenance, and replacement of furniture, fixtures, and Equipment (FF&E), depending…
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Project led by the Hagag Group and Hollywood star secures final approval in Herzliya, expanding to 51,000 square meters with 365 rooms, a marina and eco-friendly design
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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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Outdoor hospitality in Europe – once seen as rustic or seasonal – is experiencing a major transformation.
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The hospitality industry is undergoing a “continuing morphing into other asset classes”, which might even see its major investment firms “follow peers into a living type strategy”, according to Mit Shah, CEO, Noble Investment Group…
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International development executives discuss the company’s recent Super 8 deal in Saudi Arabia, as well as APAC and Latin America development trends.
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After an initial investment in 2019, the PE firms exercised its right to convert securities to take the majority interest.
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A weaker dollar and the lack of major sporting events is placing pressure on room rates.
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