Development

Stay Open creates pod hotels in vacant or underutilized office and retail space, while contributing proceeds to help unhoused people. Travelers join Stay Pass, the company’s membership and rewards program, by purchasing an NFT (non-fungible token)…
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Giving it a greater presence in the upscale and core upper-midscale segments, particularly in the West Coast and Midwest of the United States, Choice Hotels International has acquired the Radisson Hotel Group Americas franchise business, operations…
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What will hotels of the future look like and how will they function? The Hotel of Tomorrow Project (HOT Project), a global think tank of industry leaders, seeks to answer that question…
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Stagflation, or a mix of slow growth and high prices, would be an unfamiliar crisis. Even the shrewdest hotel executives and investors would need to be on guard.
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According to the most recent Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), Europe ends 2022’s first quarter with 1,781 projects/277,290 rooms. An 8% decrease by projects and an 11% decrease by rooms year-over-year (YOY)…
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According to the latest Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of Q1 ‘22, China’s total hotel construction pipeline reached record high project and room counts, standing at 3,711 projects/704,101 rooms and up…
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Located in historic Hanover Square, the Mandarin Oriental Mayfair will house 50 rooms and suites, an 80-foot pool and more.
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MGM Resorts International has closed on its transaction with Blackstone to acquire the operations of The Cosmopolitan of Las Vegas for cash consideration of $1.625 billion…
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The question of the day for many hotel investors is, “Where do we go next?”
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Capital seeking reasonable returns is in love again with the recovering hotel business. However, the issue for anxious buyers is a lack of appealing assets on the market…
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IHG Hotels & Resorts today announces the extension of its multi-property development agreement for the DACH region (Germany, Austria and Switzerland) and expands the growth ambition to Italy and Poland…
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Accor, a global hospitality leader, today announced that it is accelerating its expansion in the all-inclusive market with the launch of its multi-branded All-Inclusive Collection – an attractive offering that will see the Group double down on this…
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Marriott International, Inc. has celebrated the launch of The Westin London City, its 1,000th hotel in Europe, Middle East and Africa (EMEA)…
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Serviced apartment brand Cove has opened two properties in the Netherlands. Edyn launched the Cove brand in the UK in June 2021, adding to its portfolio of brands such as Locke and Saco.
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Choice Hotels International Inc. has entered into a strategic agreement with Circus Circus Hotel & Casino for the Las Vegas property to join the Ascend Hotel Collection…
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Incorporating the great outdoors indoors comes at a high cost — but ultimately with a high return on investment for hoteliers, and their guests.
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Accor and joint venture partner Ennismore have announced plans to open more than 1,000 properties under the Jo and Joe brand in China.
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Hilton will open its first net-zero hotel in the US next month, with bookings from mid-May. The hotel is in a building which was originally opened in 1970 as the Armstrong Rubber Company Headquarters…
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Serviced apartment group Ascott has set an ambitious target of opening 150 properties under its “co-living” Lyf brand by 2030.
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Wyndham Hotels and Resorts has unveiled plans for a new extended-stay brand, and says it already has 50 properties in the initial pipeline.
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Accor opened 288 hotels and resorts and 41,000 rooms in 2021 and plans to debut more than 300 new properties this year.
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I had my first camping experience when I was about 10 years old. My dad, who had a car dealership, acquired a luxurious camper, or what I thought was luxury in 1979…
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Investors are increasingly thinking about urban regeneration schemes in terms of neighbourhoods rather than buildings as social impact becomes more of a focus.
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Construction of the world’s tallest hotel tower, Ciel in Dubai Marina, has reached its halfway point, with work on the megastructure continuing beyond its 52nd floor.
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