Development

Cushman & Wakefield recorded a total transaction volume of EUR 1.5 billion for the hotel segment in 2023. This corresponds to a decline of around 23 percent compared to the previous year and is the lowest result of the past eleven years, falling…
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Three companies frequently favoured by the state have received most of the money allocated by the government as subsidies for the construction of new hotels to meet growing tourism demand.
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U.S.-based company Affinity Partners, led by Jared Kushner, the influential son-in-law of former President Donald Trump, aims to undertake two major tourism projects in Albania, along with another in Belgrade, with a combined value that could exceed…
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US-based hospitality company Marriott International has signed an agreement with Greek conglomerate Vasilakis to launch the JW Marriott brand in Greece.
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The 4-star Tmark Grand Hotel in Myeongdong, Seoul, originally served as an office building for an electric wire company. The building was then renovated into a hotel in 2016 to accommodate the rising number of Chinese tourists in Korea…
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We are seeing an exciting increase in hotels enhancing shopping malls and high streets and saving empty office buildings. This in turn is helping to uplift the local community.
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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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European hospitality property specialist Numa Group is expanding into the UK with the acquisition of a Central London asset in partnership with New World Hospitality.
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Aman Resorts’ first Janu hotel in Tokyo’s luxe Azabudai Hills costs half as much as its upmarket sibling. Here’s an exclusive first look inside.
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Scandic has entered into a long-term agreement with the developer SRV to launch a new Scandic Go hotel featuring 144 rooms in Oulu, Finland. Slated to open in the latter half of 2025, this hotel will occupy a prime location in Oulu, the largest city…
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The San Diego Housing Commission has acknowledged its appraisal mistake but says the property is working as planned and has since risen in value.
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Looking to diversify your commercial real estate portfolio? Now could be the moment to explore opportunities in Canada’s hospitality industry, particularly the hotel sector.
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In the world of real estate, hotel acquisitions stand apart, blending the intricacies of property deals with the dynamics of the hospitality industry. Here, we shine a light on the specialized factors that differentiate hotel acquisitions…
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One of Cape Town’s oldest landmark hotels is set for a major revamp thanks to foreign investments.
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New Zealand’s pipeline of new hotels is slowing to a trickle, and policy levers to attract new investment need to be introduced before it becomes a problem, an industry advocate says.
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A new Nordic hotel chain has been launched by partners, investor Slatto and experienced hotel operator Strawberry group.
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The “higher-for-longer” interest rate environment had a chilling impact on the U.S…
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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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After Aman Nai Lert Bangkok (Q3, 2024) and Aman Miami Beach (2026), Aman Beverly Hills is slated to be the next urban destination to open in 2027. Designed by Kerry Hill Architects, here are the first renderings of the forthcoming property…
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The number of projects in the global hotel construction pipeline at the end of 2023 reached nearly 15,200, up 7 percent year over year and a record high, according to a new Lodging Econometrics report…
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The resort, slated to debut in 2027, will reimagine mountainside hospitality at 7,545 feet. Raffles Hotels & Resorts and NEOM have unveiled plans for a year-round mountain resort in Trojena, Saudi Arabia…
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The opening of Scandic's first hotel in Nürnberg, the second largest metropolitan area in Bavaria. The new hotel is an important step in the company's expansion in Germany…
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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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Spaceship Neptune only travels at 12mph - allowing guests to walk around, sip cocktails, have a romantic dinner and even get married as they look down on Earth…
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