Development

Bangkok-based hotel owner, operator and investor Minor Hotels has signed a memorandum of understanding with Funyard Hotels and Resorts to its expand its portfolio of hotels in mainland China.
read more

Accor is kicking off the year with an encouraging development outlook and a full schedule of new hotel openings around the world…
read more

The European hotel transactions picture was dire in 2020 as hotel firms saved cash and two of the largest deals took place before COVID-19 erupted, but deals volume could grow in 2021 as more distress hits the market…
read more

Marriott International, Inc. (Nasdaq: MAR) continues to expand its portfolio, expecting to open 100 properties in Asia Pacific in 2021, bringing more brands and experiences to new destinations for guests across the region…
read more

Marriott International has announced what it is referring to as “the largest hotel-branded residential project announced to date worldwide”, located in the Vietnamese hub of Ho Chi Minh City.
read more

The hotel investment narrative since March is one of dried-up bank lending, and the only deals getting done are ones that were underway since well before the pandemic began.
read more

Radisson Hotel Group has added the first property under its premium Radisson Collection brand in Africa.
read more

Hyatt has opened its largest property to date in the Asia-Pacific region, with the unveiling of the 1,600-room Grand Hyatt Jeju.
read more

The global hotel industry continues to expand its footprint, even in the worst year on record for travel demand.
read more

Wyndham Hotels & Resorts has continued to cement its presence across Europe, Middle East, Eurasia and Africa (EMEA) with new openings and a series of strategic measures to support its hotel partners to respond to changes in demand and transition…
read more

Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,000 properties across 90 countries, is ramping up its plans for expansion in Australia with the announcement of Wyndham Grand® Adelaide, a major new…
read more

Hilton has announced plans to open three new hotels in Portugal, thereby doubling its portfolio in the country…
read more

Radisson Hotel Group plans to more than double its serviced apartments portfolio over the next five years across Europe, the Middle East and Africa.
read more

IHG and Radisson Hotel Group have added properties abroad in Poland, Hungary, the U.K. and Russia. They are:
read more

As part of its simplification and asset-light strategy, and with the ambition of accelerating its momentum in the fast-growing lifestyle hospitality sector, Accor has signed binding agreements on a new sbe Group’s ownership structure…
read more

According to the latest China Construction Pipeline Trend Report, analysts at Lodging Econometrics (LE) report that China's total hotel construction pipeline remains robust at 3,409 projects/634,119 rooms, up 1% by projects and rooms year-over-year…
read more

Kempinski Hotels has announced that it will open a luxury hotel in Switzerland’s ski resort village of Engelberg in spring 2021.
read more

By James Houran, Managing Director at AETHOS Consulting Group, Co-authored by Saree Mansbach
read more

Hilton has opened its first hotel in the Faroe Islands, the archipelago of 18 isles located between Iceland and Norway. The Hilton Garden Inn Faroe Islands is the first internationally branded hotel on the islands…
read more

Although the coronavirus pandemic brought the tourism industry to a grinding halt, certain areas of the hotel development sector have continued to progress despite the disruption brought on by the virus…
read more

The latest Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) states that the global hotel construction pipeline stands at 14,779 projects/2,412,736 rooms…
read more

In the coming months, a true gem of a site in the heart of Hong Kong will be sold. Located in front of its iconic skyline, Site 3 measures 4.76 hectares between Jardine House (the one with the round windows) and the Star Ferry pier…
read more

According to the latest “Europe Hotel Construction Pipeline Trend Report” from Lodging Econometrics (LE), analysts report that at the close of the second quarter of 2020, Europe’s hotel construction pipeline increased 9% by projects and 13% by rooms…
read more

No matter how much finances you have, the property must have a fair market price and must be able to carry itself financially ones put into operations. There are lots of good opportunities out there and if you work right, you can make it happen…
read more