News

Goldman Sachs buys Seoul’s Mercure Hongdae Hotel

Goldman Sachs Alternatives has acquired the Mercure Ambassador Seoul Hongdae, a 270-room hotel and mixed-use retail property in one of Seoul’s busiest youth and tourist hubs, the firm said Thursday.

Tiki Bars Take Over At Omni Hotels From California To New York

The mysterious cult of tiki bar culture has made a comeback this summer. The thatched bars, wooden carvings, foreboding figures, aloha shirts and mesmerizing tropical drinks are at bars across Omni Hotels & Resorts, from New York to Florida to San Diego.

Wyndham Opens First Cave Hotel in Cappadocia

Marking the debut of the first cave hotel from an international hotel brand, Signature Cave Cappadocia, Trademark Collection® by Wyndham, recently opened its doors in the heart of the magical Cappadocia region.

LVMH Just Sold Its Only U.S. Hotel to Tinder’s Cofounder

The luxury conglomerate has just sold its only U.S. hotel, the five-star El Encanto resort in California. Nestled in an exclusive enclave in Santa Barbara, the historic accommodations previously fell under the Belmond hospitality umbrella. Now, though, Tinder cofounder Justin Mateen swiped right on the property, purchasing it alongside his brother Tyler and Culver Capital for $82.2 million.

Cyprus hotel industry into desalination

Eleven major hotel groups in Cyprus – across Limassol, Larnaca and Paphos – have filed formal applications to install small private desalination units on their premises, with state subsidies.

Are cruises the next big commercial win for hotel brands?

Last week, we saw Hilton's Waldorf Astoria announce its entry into the market with a limited, ultra-intimate Nile River cruise featuring just 29 suites. This approach seems to directly target the ultra-luxury segment's demand for privacy and personalized experiences.

The Britannic Explorer, a Belmond Train, Makes History as It Takes to the Rails

The Britannic Explorer, A Belmond Train – the first luxury sleeper train in England and Wales – will make history on 4th July 2025 for its maiden voyage. Set to become a new icon, the pioneering train embodies modern British identity through playing with history, style, and personality to create something unexpected and unconventional.

Indian tourists flock to Southeast Asia amid geopolitical tensions

In contrast to long-haul travel, which has seen some softening amid geopolitical tensions since summer, short-haul, easy-to-access destinations such as Thailand, Malaysia, Vietnam, Indonesia, Bhutan, Sri Lanka, and Nepal have remained relatively unaffected and continue to attract interest from Indian travellers, travel companies said.

Milan: Stolen Luxury Watches Returned With Note Claiming “They’re Fake”

 A bizarre twist has emerged in a high-profile theft case involving luxury watches allegedly worth €600,000. Less than 24 hours after an American tourist was robbed at a five-star hotel in Milan, the stolen items were mysteriously returned—along with a handwritten note from the thief claiming the watches were fakes.

Cloud One launches branded residences

The Cloud One, the European lifestyle brand launched by Motel One Group, has launched its first hotel project that includes branded residences.