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Slate Property Group and RiseBoro Community Partnership have acquired the shuttered JFK Hilton hotel in Jamaica, Queens, for $64 million, with plans to start converting the site into supportive housing next month, the developers and city officials…
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The tallest hotel in Las Vegas has finally opened its doors after a sitting empty and unfinished for more than 10 years.
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An increase in foreign travel following the reopening of all international borders earlier this year is positively impacting the hospitality industry, with global urban markets such as London, New York and Tokyo emerging as the most appealing for…
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Sydney developer ALAND has joined IHG Hotels & Resorts to open a new premium hotel as part of its $375 million apartment project on the expanding NSW Central Coast…
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Blackstone (NYSE:BX) Inc. has acquired the Moxy Kyoto Nijo, a Marriott International (NASDAQ:MAR) hotel, for ¥8 billion ($54 million), tapping into the flourishing Japanese hospitality market fueled by a robust recovery in tourism…
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Saudi Arabia's PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the owner of Britain's Balmoral hotel said on Monday…
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The Sedona Hotel Yangon in Myanmar is set to reopen Friday after an extended shutdown due to COVID-19 and the military's 2021 takeover of the government, with limited demand expected from business travelers and well-off domestic customers…
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Industry leaders explore the intricate balancing act of maintaining brand consistency while allowing room for the individuality and uniqueness that hotels need to flourish in an ever-evolving market.
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During the company's third-quarter earnings call in early November, Choice Hotels International’s new CFO Scott Oaksmith said that Choice had become a “nominal shareholder” of Wyndham Hotels & Resorts as part of its efforts to acquire Wyndham’s…
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“Even though there will be a lot of challenges for doing business between you and us, we are willing to comply with your demands and your guidance,” said Jung Won Ju. The FCT Minister, Mr…
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However, it has also emerged that the former player has also made the unusual move into the hospitality industry in Iceland, with his own hotel around a one-hour drive from his team's ground…
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There is a lot capital on the sidelines waiting to be deployed, but European investors said that's likely where it will stay, at least for the foreseeable future…
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COVID-19 caused a major paradigm shift in where workers operate with many companies offering hybrid and remote work. This caused a shake-up in commercial real estate, rendering office spaces obsolete…
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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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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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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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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, 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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