Wynn and Related unveil renderings of proposed Hudson Yards casino development
Wynn Resorts and Related Companies have unveiled plans for the next phase of development at Hudson Yards, which includes a proposed resort and casino.
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Wynn and Related unveil renderings of proposed Hudson Yards casino development
Wynn Resorts and Related Companies have unveiled plans for the next phase of development at Hudson Yards, which includes a proposed resort and casino.
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€38m geothermal spa and leisure centre to revitalise Croatian city of Bjelovar
A multi-million-euro geothermal spa and leisure centre, called Terme Bjelovar, is scheduled to open in the Croatian city of Bjelovar in Q3 of 2025.
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Hotel Transaction Downtrend: Interest Rates Played Major Role in Soft 2023 U.S. Market
The “higher-for-longer” interest rate environment had a chilling impact on the U.S…
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Strawberry is entering a new market - first hotel in Turku, Finland
Strawberry continues their expansion on the Finnish market. In autumn 2028, a new full-service hotel will open in one of Finland's, biggest development projects at the moment, Ratapiha Arena. The area is located in the middle of the city…
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Talaat Mostafa's ICON completes acquisition of 7 Egyptian state-owned hotels
Egypt's leading real estate developer Talaat Mostafa Group (TMG) has completed the final acquisition contract for a majority equity stake of 51 percent with full management rights in seven state-owned hotels, the TMG said in a disclosure statement…
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Baltimore Hilton hotel faces ‘catastrophic structural failures’ if pipes aren’t fixed
The plans called for copper. Instead, steel was used. Now, the city-owned Hilton Baltimore Inner Harbor hotel claims it could face “catastrophic structural failures” if the hotel doesn’t replace its pipes…
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Los Angeles City advances restrictions on new hotel development
A proposal to force hotel developers to replace housing lost in the development process advanced out of the Los Angeles City Planning Commission last week as part of a deal between the city and a local labor union. On Nov…
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US$42.7 billion in hotel development fuels Chinese tourism recovery
The Chinese tourism industry bore the brunt of covid closures, but the country’s hotel developers are now helping to rally the sector as it posts a positive recovery…
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IHG Hotels & Resorts, one of the world’s leading hotel companies with more than 6,000 hotels across 19 brands, announces a slate of voco™ hotels properties across its European markets as the brand’s fast-paced growth continues…
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Erkka Hirvonen The Long Way Home
What Erkka Hirvonen would do with his life was never really in question. When he was a boy, his parents inherited a manor house from his grandfather and converted it into an events space and catering business…
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Feds sue developer over unfinished Bear Lake resort in Garden City
Just off the main drag in Garden City, Water’s Edge Resort bills itself as a luxury retreat on the shores of Bear Lake. But the Securities and Exchange Commission, or the SEC, says the resort’s developer illegally used investor funds to pay himself…
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IHG says funding challenges holding back new hotel development
Holiday Inn owner IHG (IHG.L) said on Friday short-term funding issues were holding back development of new hotels, as it reported a quarter-on-quarter slowdown in its net room supply, a key revenue driver…
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Denmark’s record visitor levels backed by US$1.6 billion high end hotel investment
Denmark’s tourism industry has bounced back to record levels, post-pandemic, which has helped to attract nearly US$1.6 billion in upper segment hotel financing, according to the latest THP information…
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Why Saudi Arabia’s Red Sea coast could be the next big luxury tourism destination
Travelers are running out of new places to discover, but there could be one treasure hidden in plain sight…
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US billionaire to bring ultra-luxury Baccarat hotel to Australia
SH Hotels & Resorts, the highly environmentally conscious global hotel chain backed by billionaire US investor Barry Sternlicht – founder of Starwood Hotels – has plans to bring its ultra-luxury Baccarat brand to Australia, as part of a major…
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New economic reporting compiled by Yardi Matrix suggests that apartment conversions will yield 122,000 or more new units in the United States in the coming years despite a recent turndown that’s been recorded in the market since January 1st…
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Branded residences extend hotels’ marketing reach into multifamily sector
Two Roads Development in Florida has at least three such projects in the works. The line separating hospitality and residential living keeps getting thinner…
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OLD TO BOLD: HOW HOTEL ADAPTIVE REUSE TRANSFORMS COMMUNITIES
Much of the aging building stock that populates our cities’ skylines resides in or near obsolescence—particularly older, and sometimes historic, office and bank buildings…
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