Pan Pacific Hotels Group has signed an agreement to enter Tokyo, Japan to market the five-star Cerulean Tower Tokyu Hotel as a Pan Pacific Partner Hotel through its distribution channels and its loyalty programme, Pan Pacific DISCOVERY. continue reading →
Accor and Arora Group announced the signing of a prestigious luxury hotel, Fairmont Windsor Park. The hotel is currently undergoing a substantial multi-million pound redevelopment and is set to open in the second half of 2020. continue reading →
The hotel, founded by Tonino Cacace, stands high above the Gulf of Naples and fully embodies the Italian Dolce Vita; with an authentic Capri style and sea views. continue reading →
Mira and Warner Bros. announced today that the world's first Warner Bros. branded hotel The WB Abu Dhabi is currently in development on Yas Island, Abu Dhabi. Set to open in 2021, construction of the USD 112 million hotel is well underway and is now 40% complete. continue reading →
Caesars Entertainment Corporation (NASDAQ: CZR) last week announced it has completed the previously announced sale of the Rio All-Suite Hotel & Casino to a company affiliated with Dreamscape Companies, which is owned and controlled by Eric Birnbaum, for $516.3 million. continue reading →
Analysts at Lodging Econometrics (LE) report that at the end of the third quarter of 2019, Chinas total construction pipeline has grown to 3,380 projects/628,972 rooms. continue reading →
The sales price, inclusive of buyer's estimated anticipated capex of $2.5 million, represents a trailing twelve-month cap rate of 5.9% on net operating income and a 14.3x Hotel EBITDA multiple as of October 31, 2019. continue reading →
Not only is the characterful city of Milan a prime location, but the hotels placement has been deliberately chosen for business and leisure travelers alike. It allows guests to easily access key hubs such as MiCo, Milans state-of-the-art convention center which hosts international events, as well as the Fiera Milano fairgrounds. continue reading →
Major hospitality chains are buying up independent boutique hotels, and it's creating a new challenge that's at odds with the main reason people travel in the first place continue reading →
The Red Lion Airport Hotel Atlanta was held in a joint venture. RLH Corporation will receive $4.8 million in net proceeds after closing costs and the repayment of property level mortgage. continue reading →