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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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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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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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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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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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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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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Hotel asset management is evolving at a fast pace, and it requires a new commercial approach, not to mention a different skill set…
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Hotel chains' earnings updates set to indicate UK travel and hospitality demand
Whitbread, which owns Premier Inn, as well as food brands including Beefeater and Bar + Block, will report its half-year results on Wednesday…
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Midland Hotel owner loses almost £60m despite sales nearly doubling
The renowned hotel was recently in the spotlight when it hosted senior Conservative politicians during the party's recent annual conference which was staged at nearby Manchester Central…
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