The Elanor Hotel Accommodation Fund, managed by Elanor Investors Group, has sold the Leura Gardens Resort just under 12 months after acquisition.
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. This new all-time high represents a 9% year-over-year (YOY) increase in projects and a 7% YOY increase in rooms compared to last year.
The signing marks Nobu's third venture in Egypt, following the unveiling of Nobu Hotel, Restaurant, and Residences in both West Cairo and North Coast Egypt last summer.
Dan Emert, Managing Principal of Prime Investment Properties and member of Hotel Brokers International, developed the marketing strategy and led the negotiations in the transaction. The Virginian Hotel has been acquired by JET Hospitality for an undisclosed price.
StayAPT Suites & Powerhouse Hotels Forge Partnership to Expand Presence with 30 New Locations
Weekly Hotel Industry Asia Pacific News Roundup from HVS
In partnership with Florida developers Fort Partners and CMC Group, latest Four Seasons luxury residential offering launches sales and invites homeowners to experience legendary living in one of Miami's most sought-after neighbourhoods
NH Hotel Group, part of Minor Hotels, will now operate as Minor Hotels Europe & Americas following a vote by NH Hotel Group's shareholders to change the company?s registered name at its Annual General Meeting held last Friday.
Construction is slated to begin by mid-2024
The company has acquired two Wyoming hotels - The Virginian Hotel in Medicine Bow, and the Park Motel in Powell.