News

ActivumSG acquires luxury Spanish resort

 European real estate investment manager ActivumSG has completed the €175 million acquisition from Spanish REIT Millenium Hotels Real Estate of the newly developed Fairmont La Hacienda located in the exclusive San Roque waterfront enclave along Spain’s Costa del Sol.

Fattal to open eight new hotels in Israel

Fattal Holdings (1989) , one of the biggest hotel chains in Israel and Europe, will open eight new hotels in Israel over the next year at an overall investment of NIS 1.6 billion. The hotels will add more than 1,000 rooms to the chain in Jerusalem, Tel Aviv, Ramat Gan and Herzliya. 

Tatweer Misr launches first hospitality brand ‘Bay House’ in partnership with Brassbell

Egyptian real estate developer Tatweer Misr has announced the official launch of its first dedicated hospitality brand, Bay House, through a strategic partnership with Brassbell Hospitality Group—a leader in smart, tech-enabled hospitality solutions. This milestone reflects Tatweer Misr’s ongoing commitment to adding value and delivering elevated, integrated experiences across its flagship developments.

Billionaire indefinitely pauses plan to build 43-story hotel on Vegas Strip

A prime property on the Las Vegas Strip will remain an empty lot, filled only by parking, for the foreseeable future, its owner confirmed to multiple media outlets last week. Despite approvals for a 43-story tower, billionaire Tilman Fertitta’s plans for a new casino are on hold.

Skift Expands Business Offerings With 2 Acquisitions

Travel intelligence and marketing platform Skift announced the acquisition of two travel-adjacent platforms: Women Leading Travel & Hospitality, a women’s member organization, and Hospitality.fm, a podcast studio.

Virgin Hotels sells site which launched the brand in £57m deal

Virgin Hotels Chicago, which marked the debut property for the hotel brand 10 years ago, has been acquired in a £57m deal. The 250-room property has been purchased by an affiliate of Michigan-based firm Accelerated Assets, which specialises in converting properties to timeshare investments.

Hotel Equities founder Fred Cerrone to retire

Hotel Equities has revealed that its founder, Fred Cerrone, will retire effective Nov. 22, concluding a 58-year career in the hospitality industry. Upon his retirement, he will become chairman emeritus of the company.

Teldar Travel, an agent-only hotel booking platform, makes its U.S. debut

An advisor-exclusive platform, Teldar offers travel agents access to more than 2 million accommodations around the world. Teldar is a subsidiary of Accor and part of the Gekko Group. The platform has been operating in France, Belgium, the Netherlands, Luxembourg, the U.K., Spain and Portugal.

Nazuna Co., Ltd. Addresses High Employee Turnover

Nazuna has introduced an innovative hospitality recruitment approach that intends to address the persistent issue of high employee turnover in the sector. Partnering with 'in the HOTEL,' a specialized hotel industry recruitment service, the company now offers potential candidates a free stay at one of its luxury machiya inns in Kyoto before proceeding with formal interviews.

IIHM to Provide Structured Training to Pride Management Trainees

 In a defining moment for hospitality education and industry collaboration, Pride Hotels Ltd. and the International Institute of Hotel Management (IIHM) signed a landmark Memorandum of Understanding (MOU) to power the ‘Pride Hotels & Resorts presents DREAM Program – Powered by IIHM India’. This partnership combines Pride Hotels’ operational excellence with IIHM’s academic leadership to create a new generation of industry-ready hospitality leaders.

Carolyn Turnbull Appointed CEO of Nammos Hotels & Resorts

Nammos Hotels & Resorts is proud to announce the appointment of Carolyn Turnbull as CEO, effective immediately. A globally respected industry leader, Turnbull brings more than two decades of international experience and brand-building expertise to the role.

Austria's hospitality industry "survives" with the help of migrants

The hospitality industry and tourism in general in Austria are largely supported by people with a migrant background, according to a study by the Austrian sociological institute Dema, which was cited by the website of the Austrian Radio and Television. Almost half of the employees in the industry in Austria are either immigrants or children of immigrants, according to a study by sociologist Günter Ogris. 

Strong expansion planned for Emblems Collection in Italy

Emblems Collection continues its expansion in Italy with the addition of three new properties in 2026. These new openings in Siena, Umbria and Puglia mark an important milestone for the brand in the region, significantly enhancing its presence there.

Ennismore signs deal for Mama Shelter hotel in Bangkok

Ennismore has teamed up with Thailand’s Platinum Group to launch Mama Shelter Bangkok Platinum, the brand’s first property in Thailand. Scheduled to open in 2029, the hotel will be part of The Platinum Square, a new mixed-use development in the city’s Pratunam district.