He bought the world’s oldest passenger ship — and spent $18 million turning it into a hotel
In 1914, two years after the Titanic embarked on its ill-fated maiden voyage, the steam-powered SS Medina rolled off the shipyard at Newport News, Virginia.
read more
Hanwha Hotels buys debt-ridden Mount Bukhan resort, aims to transform it into premium stay
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…
read more
What hotel investors think about capex in 2025
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…
read more
Why leases struggle to please all stakeholders
Steep rises in operational costs and an uneven recovery after Covid have put leases under the spotlight. Do hotel leases still deliver the right balance of risk and reward for both owners and operators…
read more
The case for mixed-use hospitality
The evolution of leisure real estate is well underway, driven by shifts in consumer demand and an increasing desire for flexible spaces that combine multiple asset classes. As the middle class expands globally and remote working culture becomes…
read more
Non-hotel names muscle in on branded residences market
Non-hotel brands are increasingly leveraging the power of their names in the branded residences market and US retail giants Saks Global and Authentic Brands Group have become the latest to announce their intentions to diversify into hospitality and…
read more
Germany: why this may be the perfect moment to strike
After years of stagnation and subdued investor appetite, Germany’s hotel sector could finally be on the cusp of a rebound. Bolstered by government efforts to revive the economy and a slowly improving outlook for growth, the market is beginning to…
read more
When hotel owners secure a franchise or management agreement for a hotel with a carefully chosen global brand, they don’t always think about regulating the details of the future sale of the hotel. Unless you have negotiated the transfer approval…
read more
On the back of a record-breaking year, Adela Cristea, vice-president of business development UK & Nordics at Radisson Hotel Group, explains how the brand is developing its reach across the UK
read more
The evolving nature of the relationship between hotels and their tech partners
Family-owned Icelandic hospitality company Íslandshótel launched in 1992 when it opened Hotel Reykjavík in the capital with just 30 rooms. Today, with 18 properties and 2,000 rooms, the company is Iceland’s largest hotel chain…
read more
Shimao Cuts Asking Price for Hong Kong’s Second-Largest Hotel
Defaulted Chinese developer Shimao Group Holdings Ltd. has slashed the asking price for a Sheraton-branded hotel property near Hong Kong’s airport by a quarter, according to a person familiar with the matter…
read more