News

Vatican rents out 15th century guest house to hotel

The Vatican is giving up its traditional guest house in the center of Rome: The "Domus Paul VI" in Via della Scrofa, previously accommodation for cardinals, bishops and priests at moderate prices, will be converted into a four-star hotel in future.

American Hotel & Lodging Association Joins the U.S. Food Waste Pact

The American Hotel & Lodging Association (AHLA), the trade association that advocates for every segment of the hotel industry, has become the latest trade association to join the U.S. Food Waste Pact (Pact), a joint initiative led by ReFED and World Wildlife Fund (WWF) to reduce food waste across the food system.

Whitbread Secures Planning Permission for London's Dorset House Hotel Conversion

Whitbread has received planning consent to transform Dorset House, a former office building located on Stamford Street in Southwark, London, into a 421-room hotel under its hub by Premier Inn brand. This development marks the first hub by Premier Inn south of the River Thames and is part of Whitbread's recent expansion efforts in Central London.

World-first Harry Potter land and hotel to open in Germany

In a historical collaboration between Merlin Entertainments and Warner Bros. Discovery Global Experiences, a world-first Harry Potter land and accompanying hotel should open in Germany in the near future. The new universe will be part of Legoland Deutschland Resort in Gunzbürg.

IHG, LUSS Leisure agree to build Crowne Plaza hotel on Serbia's Zlatibor mountain

British multinational hospitality company InterContinental Hotels Group (IHG) and Serbia's company LUSS Leisure have signed a contract for the construction of a Crowne Plaza hotel on the Zlatibor mountain in western Serbia, one of the country's top tourist destinations, the town administration of Cajetina, where Zlatibor is located, said.

LOTTE Hotel Buys the Land of LOTTE New York Palace Hotel

LOTTE Hotel announced on Dec. 15 that it has signed a contract with the Catholic Archdiocese of New York to purchase the LOTTE New York Palace hotel site. The acquisition amount is approximately $490 million (about 7 billion won). LOTTE acquired The New York Palace Hotel, New York’s first five-star hotel and Manhattan landmark, in 2015 and reopened it as LOTTE New York Palace, but at that time, it only purchased the building while leasing the land.

Rebounding Park selling more non-core assets

Park Hotels & Resorts has updated its non-core disposition activity, which it said will included exiting another three properties that were on expiring ground leases, including the 266-room Embassy Suites Kansas City Plaza, the 850-room DoubleTree Hotel Seattle Airport, and the 245-room DoubleTree Hotel Sonoma Wine Country. Collectively, the hotels generated minimal EBITDA in 2025.