Minor Hotels to Debut in Singapore With Avani Hotels & Resorts Lifestyle Brand
Avani Hotels & Resorts | September 3, 2024
Brandt Hospitality Group Getting Great Results From Accounting Software Partner
Aptech | June 5, 2024
Finance & Development
Meet the Money Returns on May 1-3, 2023 in Los Angeles: Program Highlights and Registration Details
Meet the Money® | April 17, 2023
By Jim Butler and the Global Hospitality Group Hotel Lawyers | Authors of www.HotelLawBlog.com Meet the Money®, the national hotel finance and investment conference, returns for its 30th year on May 1-3, at the Hyatt Regency LAX. Attendees can look forward to three days of deal-making, networking, and high-level presentations from some of the best-known names in the hospitality industry. Meet the Money brings speakers, sponsors, and attendees together in an environment big enough to attract industry leaders, but small enough for meaningful and productive in-person meetings, where the focus is business and investment. “After a few...
Hilton Signs New DoubleTree by Hilton Jeddah Al Andalus Mall
Hilton | April 17, 2023
JEDDAH, Kingdom of Saudi Arabia – Hilton (NYSE: HLT) today announced the signing of a management agreement for a new hotel in Jeddah. The hotel is owned by AlAhli REIT Fund (1), a listed investment fund managed by SNB Capital. In the coming years, Hilton expects to grow its portfolio in Saudi Arabia to more than 75 hotels across multiple award-winning brands. “Saudi Arabia represents a significant opportunity for Hilton to grow its portfolio and, with the announcement of this DoubleTree by Hilton property in an exceptional location, we look forward to further expanding our full service footprint across the country,” said Carlos Khn...
Hilton Reveals 2022 Americas Development Awards Recognizing Achievements of Owners, Development Partners, and Hotel Teams
Hilton | April 17, 2023
Today, Hilton revealed its 2022 Americas Development Awards which recognize the achievements of owners, development partners, and hotel teams in the Americas across several categories. These annual awards celebrate the resiliency and commitment of our owners and team members who spread the light and warmth of hospitality. “As we continue to expand our portfolio around the world, Hilton’s ownership community is a critical partner in helping us deliver unforgettable stays for every guest, anywhere they want to be, for any stay occasion,” said Kevin Jacobs, chief financial officer and president, global development, Hilton. “Congrat...
LRE & Companies Reveals Plans for Mixed-Use Development in Rocklin, CA to Include Hilton Garden Inn
LRE & Companies | April 13, 2023
SAN RAFAEL, CA — April 13, 2023 — LRE & Companies, a real estate development, asset manager, construction, and hotel management company, has revealed the plans for University Square, a 10-acre mixed-use development project at the intersection of Sunset Boulevard and University Avenue in Rocklin, CA. With retail and hospitality components, University Square is the developer’s first project in the city but second in Placer County. The project is slated to be completed by year-end 2025. “University Square is another example of us following through with our approach of developing at dynamic intersections in growing market...
IHG Signs 231-Key InterContinental Bursa in Türkiye
IHG Hotels & Resorts | April 13, 2023
IHG Hotels & Resorts, one of the world’s leading hotel companies, today announces an exciting new signing for its leading luxury InterContinental Hotels & Resorts brand in Bursa, Türkiye. The 231-key InterContinental Bursa is being developed in partnership with owner Atis Yapi, a well-respected and highly proficient real estate company, which has completed numerous avant-garde business and residential construction projects since the company was founded in 2006. The new-build InterContinental Bursa is expected to open in late 2024, showcasing the brand’s signature style and bringing a luxury option to Türkiye’s fourth larg...
Thynk Raises $13 Million of Series A Funding to Drive Innovation in Verticalized CRM for the Hospitality Industry
Thynk | April 13, 2023
End-to-end provider of multi-property sales and operation solutions earns Series A funding for further investment in accelerated product development and global expansion strategies. Brussels & New York - April 13th, 2023 – Thynk, a global provider of advanced technology solutions for data-driven hotel sales and operations management, today announced details on its latest successful round of investment, resulting in $13 million received in Series A funding. The injection of capital combined with Thynk’s impressive revenue growth will further fuel the company’s accelerated R&D efforts as well as its ongoing global expansion, wi...
Accor to Debut Mantis Collection in Madagascar With Rebranded Hotel & Spa on Sainte Marie Island
Accor | April 12, 2023
PARIS, April 12, 2023 - Accor, a world-leading hospitality group, today announced plans to open Mantis Soanambo Hotel & Spa on Nosy Boraha (Ile Sainte-Marie) in Madagascar. The Mantis Collection, part of Accor, is a leading conservation-led hospitality company renowned for its commitment to preserving its surrounding communities, wildlife and the environment – and its arrival marks the first international hospitality brand in Nosy Boraha. The 48-room oceanfront hotel plans to re-open to guests in May 2023, flying the Mantis flag. Accor is partnering with the hotel's owner to bring the unique hospitality experience of Mantis h...
Radisson Hotel Group Signs With Lansum Properties for Radisson Collection Hotel, Hyderabad Financial District
Radisson Hotel Group | April 12, 2023
Radisson Hotel Group is pleased to announce the debut of its luxury lifestyle brand, Radisson Collection in India with the signing of the first hotel in Hyderabad. Among India’s biggest tech hubs and known for its regal heritage, historic monuments, and iconic food streets, Hyderabad offers a wealth of experiences to leisure and business guests alike. The 300-room hotel is close to the city’s financial district, which houses business centers, IT Parks, and Special Economic Zones (SEZs). The hotel would be operational by Q2, 2026. Radisson Collection is a luxury lifestyle collection of hotels and resorts, boasting unique locations in ea...
Hilton Partners With Dangayach Group to Bring Iconic Waldorf Astoria to India
Hilton | April 12, 2023
Scheduled to open in 2027, Hilton brings its global world-class luxury brand to Jaipur, India’s Pink City BENGALURU, India – April 12, 2023 – Hilton (NYSE: HLT) and Dangayach Group have announced the signing of a branding and management agreement for the launch of Waldorf Astoria Jaipur, marking the debut of Waldorf Astoria Hotels & Resorts in India. The exclusive signing ceremony, held at the Hotel Investment Conference South Asia (HICSA) in Bangalore, signals an exciting new phase of growth for Hilton as the company shapes the next golden age of travel. Globally renowned for defining the art of hospitality, unmatched person...
IHG Strengthens Presence in Nepal With Signing of Four Hotels
IHG Hotels & Resorts | April 11, 2023
11th April 2023: IHG® Hotels & Resorts, one of the world’s leading hotel companies, has signed a management agreement with Nepal based Shangri-La Hotel & Resort Group to develop four new hotels in - InterContinental Kathmandu Lazimpat, Hotel Indigo Pokhara Gharipatan, InterContinental Resort Pokhara Begnas Lake, and InterContinental Resort Chitwan, Meghauli. The signing will see IHG add close to 500 rooms to its portfolio in Nepal, and debut two of its global brands, InterContinental and Hotel Indigo in the market. With this signing, IHG has strengthened its footprint across the South-West Asia region, specifically in luxury...
IHG Signs With Mayapada Group for Two Properties in Bali
IHG Hotels & Resorts | April 11, 2023
Jakarta, Indonesia – 11 April 2023: IHG Hotels & Resorts has signed a two-property agreement with leading Indonesian conglomerate Mayapada Group that doubles the companies’ strategic partnership to four hotels in Bali. The collaboration will introduce voco hotels – IHG’s fastest growing premium brand – to Indonesia with the newly-built voco Bali Seminyak in 2024, and also open a second Holiday Inn Express property on the island following the conversion of an existing building to Holiday Inn Express Bali Sunset Road. It’s another milestone in the relationship between IHG, which has more than 6,000 hotels in over 100 ...
Accor and Archi to Open a New Mövenpick Property on the Black Sea Coast in Georgia
Accor | April 11, 2023
Accor, a world leading hospitality group, announces the signing of a cooperation agreement with the leading Georgian development company Archi to open the first Mövenpick in Georgia on the Black Sea coast in 2028. Mövenpick Kobuleti will deliver the best of Swiss hospitality, high-end gastronomy, exciting family offerings and children’s’ facilities thanks to the Mövenpick Family brand program as well as additional privileges and access to the global ALL - Accor Live Limitless loyalty program. "We are thrilled to present our premium Swiss brand Mövenpick on the Black Sea coast in Georgia. Kobuleti is rightfully considered one of the b...
Marriott International Signs Agreement to Debut the Iconic St. Regis Brand in Xiamen
Marriott International, Inc. | April 10, 2023
Marriott International, Inc. today announced it has signed a management agreement with Shengyuan Cultural Tourism to bring the iconic St. Regis brand to Xiamen in 2027. This highly anticipated signing will debut the first St. Regis hotel in Fujian Province, which is expected to feature the brand’s celebrated rituals, glamorous spirit, storied heritage, and signature Butler Service. As a key port city and popular leisure destination in Southeast China, Xiamen is recognized as one of the seven special economic zones in China. The St. Regis Xiamen will be located in the eastern part of Xiamen Island’s Huli District, part of the cross-stra...
What Opportunities Will You Find at Meet the Money?
Jim Butler | April 6, 2023
By Jim Butler and the Global Hospitality Group The energy is building as we prepare for Meet the Money’s return in May! Our registrants can look forward to an exciting conference structured around networking, dealmaking, and gathering insight from the industry’s best minds. There are plenty of opportunities in today’s hospitality industry for those seeking them, and Meet the Money is an ideal place to start looking. Who will you meet, and what possibilities will you find? Hotel owners, operators, developers, lenders and investors will come together at this year’s conference to build networks, resolve challenges, find financin...
She Has a Deal Announces 2023 Pitch Competition Finalists
She Has a Deal | April 6, 2023
McLean, Va., April 6, 2023 — Officials of She Has a Deal today announced the five finalist teams of the Early Career track selected to advance to the final round of SHaDPitch 2023. The annual hotel investment pitch competition allows teams of early career women to compete for the prize of $50,000 of equity in SHaD’s Prosperity Fund I, following the conclusion of a virtual, preliminary round of pitching. The goal of She Has a Deal is to increase the number of women owning and developing hotels. The organization is an ecosystem that offers inspiration and education through its EdTech platform to channel the power of collaboration and men...
Wyndham Hotels & Resorts and Grupo De Valle Sign La Quinta in Pedernales-Cabo Rojo, Dominican Republic
La Quinta by Wyndham Dominican Republic | April 5, 2023
SANTO DOMINGO, Dominican Republic, April 5, 2023 -- The Ocean Front La Quinta Pedernales - Cabo Rojo is signed and approved and is expected to begin construction during the Fall of 2023 and open in the Summer of 2025. A direct result of Fairmont, S.R.L leadership, represented by Mr. Guillermo Estrella of Estrella & Tupete's belief in both the presidents Luis Abinader and Minister of Tourism David Collado's vision to develop the area. The Cabo Rojo area has plans to build 12,000 resort hotel rooms over the next ten years. "The Ocean Front La Quinta Pedernales – Cabo Rojo adds value to the government's developme...
Rosewood Hotels & Resorts Selected to Operate Rosewood Amaala in the Red Sea Region of The Kingdom of Saudi Arabia
Rosewood Hotels & Resorts | April 5, 2023
Rosewood Hotels & Resorts®, a global leader in luxury travel and lifestyle experiences, has been selected by Red Sea Global, a responsible multi-project developer, to manage Rosewood Amaala in one of the world’s most pristine environments, the Red Sea Region of The Kingdom of Saudi Arabia. An area considered to be at the center of the world’s most ambitious regenerative tourism projects, the Red Sea is situated along the country’s west coast and is home to some of the most diverse and delicate natural environments. Rosewood Amaala will be part of Red Sea Global’s Amaala destination, an integrated wellness haven. Rosewood Hote...
The Alfond Inn at Rollins to Unveil Expansion in August 2023
The Alfond Inn at Rollins | April 4, 2023
April 3, 2023. Winter Park, Florida – The Alfond Inn at Rollins, the award-winning boutique hotel in the heart of historic Winter Park, has announced that its much-anticipated new wing will open for guests in summer 2023, beginning an exciting new chapter as it celebrates its 10th Anniversary this year. The 71 new guestrooms increase the capacity of the hotel to 183 rooms. The Spa at The Alfond Inn, which will be open for guests and day visitors, is an exciting addition that will offer a relaxing wellness component through signature treatments, steam, a sauna, a new fitness area, the hotel’s second swimming pool, with private cabanas, and...
UMusic Hotels Signs With Pescaderías Coruñesas for New Project in Madrid
UMusic Hotels | April 3, 2023
MADRID, April 3, 2023 – UMusic Hotels has announced a new project in Madrid's Plaza de Canalejas, one of the most prestigious areas of the capital. The hotel group has signed an agreement with the company Pescaderías Coruñesas, to manage the complex that will occupy about 10,000 square meters and will include the restoration of three historic buildings, the Reina Victoria Theater, the Meneses Building and the Casa Allende, as part of its commitment to recover historic buildings and return them to the city. UMusic Hotel Teatro Reina Victoria will combine high-level accommodations with entertainment, offering customers a unique and transfor...
H&LA’s Takeaways From the Hunter Hotel Investment Conference
Adam Zarczynski | March 31, 2023
By Adam Zarczynski, CHIA H&LA’s Adam Zarczynski attended the Hunter Hotel Investment Conference in Atlanta in March. Here are some key highlights from the conference: Optimism could be found, although many leaders cautioned the industry is still facing significant challenges. While hotels continue to achieve strong KPI’s in many markets, inflation and high interest rates have slowed down the construction pipeline in recent months. Additionally, hotel sales activity has also been impacted as sellers continue to search for strong returns and buyers are looking to acquire assets at lower prices due to the issues with financing. O...
Hunter Hotel Investment Conference: Revenue Strategy Panel Recap
Stephanie Smith | March 30, 2023
By Stephanie Smith Our team at Cogwheel Marketing attended the 2023 annual Hunter Hotel Investment Conference for a consecutive year and we wanted to be sure to share with our network the 10 Key Takeaways we extracted after packing in 3 days of education, collaboration and relationship building with hotel industry experts. The Hunter Hotel Investment Conference welcomed attendees to Atlanta in March 2023. The revenue strategy panel included: Isaac Collazo (Moderator) of STR Alex Cisneros of Red Roof Inn Casi Johnson of M3 Kate Burda of Kate Burda and Company Sarah Williams of Intermountain Hotels 10 Key Takeaways...
Hilton Announces Plans to Double Its Puerto Rico Portfolio
Hilton | March 30, 2023
MCLEAN, Va. – Leading global hospitality company, Hilton (NYSE: HLT) announced plans to more than double its portfolio in Puerto Rico, a destination that already represents Hilton’s largest collection of hotels in the Caribbean, with seven existing properties encompassing more than 2,350 rooms across four of Hilton’s industry-leading brands. Hilton’s pipeline of hotels under development in Puerto Rico also represents the largest of Hilton’s Caribbean growth markets by number of hotels. “Puerto Rico plays a critical role in Hilton’s history, as it kick-started the company’s global growth when it welcomed Hilt...
IHG Signs With Jurmaz Hotels Company to Bring New voco Hotel to Riyadh
IHG Hotels & Resorts | March 29, 2023
Riyadh, Saudi Arabia, 29 March 2023: IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a management agreement with Jurmaz Hotels Company to bring a new voco hotel to the centre of Riyadh. The voco Hotel and Suites Riyadh North is set to open its doors in 2026 as the next stride forward in IHG’s ambitious regional growth strategy for the premium brand. The voco brand has already seen notable expansion in the region, with the Riyadh North announcement following other recent signings and openings across the region. As a distinctive, lifestyle brand, voco offers a premium experience to...
Fusion Hotel Group to Launch Three New Hotels in Vietnam
Fusion | March 29, 2023
HO CHI MINH CITY (Mar. 29, 2023) - With hotel openings in Hanoi, Danang, and the launch of an exciting new brand in Binh Duong, Fusion is expanding its presence in Southeast Asia. Fusion began with a single property in Vietnam in 2008 and has since expanded its current footprint to 16 hotels throughout Vietnam and Thailand. Over the next twelve months, three new Vietnam properties will be added to its portfolio - Fusion Resort & Villas Danang, Fusion Suites Hanoi and HIIVE Binh Duong that will make its brand debut. “We are encouraged by the signs of positive recovery in travel as witnessed in our existing portfolio over the past six...
