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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Hotel 'Broker' versus Trusted Advisor
When I first started out in hotel brokerage back in the late 1980s, the market was unsophisticated and had not adopted the fiduciary focus that was required to establish trust.
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The fundamentals of success in hospitality with Evgeny Kuzin
Evgeny Kuzin moved to Dubai when he was 21 years with a dream of building an empire from the ground up…
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Travelodge targets UK local authorities in expansion push
Budget hotel brand Travelodge has approached local authorities across the UK as it looks to secure 300 sites for new properties
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Major hotel franchises companies move forward with construction projects in Europe
In the year-end 2022 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the fourth quarter, Europe’s total construction pipeline stands at 1,711 projects/260,911 rooms…
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BWH Hotel Group is expanding its upscale, chic boutique brand, Aiden, as the brand is set to grow by over 200% in the years ahead with the portfolio doubling in 2023 alone. Highlights of the brand growth include the upcoming launch of Aiden in India…
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‘Timelines for hotel projects in India longer than elsewhere’
IHG expects current infrastructure growth to result in the proliferation of hotels
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Hilton’s Curio Collection Diplomat Resort Sold For More Than Any Hotel In Last 4 Years
In the largest single hotel transaction in nearly four years, The Diplomat Beach Resort in Hallandale, Florida is being sold to Honolulu-based Trinity Investments and Credit Suisse Asset Management for $835 million…
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First-time Buyers Account for 16% of Global Hotel Investment Volume in 2022 According to JLL
As the world continues to find a new normal post-COVID, consumers have placed heightened importance on travel and experiences, which has accelerated lodging demand, and resulted in RevPAR reaching or exceeding 2019 levels in some markets…
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Hard Rock says Mirage, and its volcano, will live on into 2023
A guitar-shaped room tower will eventually replace it, but the iconic volcano in front of the Mirage on the Las Vegas Strip is getting a bit of a reprieve…
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European Hotel Leaders Expect More Distressed Sales
What's ahead for hotel investment in Europe? A survey of more than 100 hotel leaders points to both risks and a window for opportunistic acquisitions.
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LE: Europe hotel conversions reach all-time high
According to the Q3 2022 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the third quarter, Europe’s hotel construction pipeline stands at 1,660 projects/258,476 rooms…
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On the up: mapping out east Africa’s potential
It’s true that East Africa’s travel, tourism and hospitality sectors have experienced numerous ups and downs in recent years. However, there are positive signs of growth, as Thuku Kimani, manager of hotels MENA at Colliers International, points out…
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