Iconic Cape Town hotel set for major upgrade with foreign investments
One of Cape Town’s oldest landmark hotels is set for a major revamp thanks to foreign investments.
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Iconic Cape Town hotel set for major upgrade with foreign investments
One of Cape Town’s oldest landmark hotels is set for a major revamp thanks to foreign investments.
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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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He transformed S.F. hotels and helped Airbnb go public. Now he wants to redefine our ‘midlife’
In the 1990s and 2000s, Chip Conley shook up the hospitality industry in San Francisco and across California, developing a collection of colorful boutique hotels that embraced the state’s lure as a destination for counterculture creatives and…
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BT Tower to become luxury hotel in £275m deal
The BT Tower, at one point the tallest structure in London, has been sold for £275m to American hotel chain MCR…
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Surrenne, a luxury private members club gym and spa launches in London in April, with membership costing £10,000 a year. Spanning almost 2,000sq m across four floors, Surrenne is part of Maybourne Hotel Group’s new all-suite hotel, The Emory…
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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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Inside The Mind Of Hospitality Impresario Sharan Pasricha
As founder and co-CEO of Ennismore, Pasricha turned a small, indie hotel brand into a global hospitality conglomerate now valued at more than $2 billion. Here, he explains his business strategy and management style in a candid, in-depth interview…
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GIC Seeks to Sell Hilton Hotel in Japan for Over $580 Million
Singapore sovereign wealth fund GIC Pte is considering selling a 1,053-room hotel in western Japan, and has been marketing the property to potential investors since late last year, according to people familiar with the matter…
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Plans to build homes, hotel towers in Bal Harbour meet with fierce resistance
The owners of Bal Harbour Shops, a luxury shopping centerpiece for 60 years in the middle of a $550 million expansion, plan to build bigger. Armed with Florida's Live Local Act, developers revealed blueprints for towers more than 270 feet tall…
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Regal Hotels to develop properties in Saudi Arabia
Regal Hotels Group, Cosmopolitan International Group, and the Ministry of Investment of Saudi Arabia (MISA) have signed a Memorandum of Understanding (MoU) to jointly explore a strategic partnership in hotel development and management…
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Then & Now: Danville and Bristol prepare for permanent casinos to open in 2024
Temporary casinos have been operating in both cities and have brought in more than $270 million in gaming revenue in 2023…
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Receiver appointed for troubled Garibaldi at Squamish resort proposal
The $3.5 billion proposal for a major resort north of Squamish hits snag on disagreements on how to proceed an the operating firm's default on loans…
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Property developer Staple shifts to worker-owned model for hotels, to open across Japan
A property management brand describing itself as a 'soft developer,' focused on 20-minute neighborhoods in livable cities, is taking a major step to empower a key soft asset — its employees. Based in Setoda, Hiroshima, Staple Co., Ltd…
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Grand opening finally welcomes Fontainebleau Las Vegas
The Fontainebleau Las Vegas will host its grand opening Wednesday night, completing a development process that has spanned more than 15 years…
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Historic Chattanooga bank building to become new hotel
The long vacant and historic Chattanooga bank building will serve a new purpose as it is set to become a new hotel.
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New downtown Asheville hotel, Starbucks drive-thru approved by city planning board
If you are looking for a Starbucks to get your Iced Brown Sugar Oatmilk Shaken Espresso — it seems yet another may be coming to the area. During the Dec…
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Arrow Global, in collaboration with a Portuguese construction company, has invested in the Palmares Ocean Living & Golf tourist resort, in Lagos, Algarve…
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Fulton Market Could Get A New Sustainable Hotel
The 143-room hotel would incorporate circadian lighting, use no fossil fuels and ditch on-site parking in an effort to be a net-zero property…
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