IHG® Hotels & Resorts, one of the world’s leading hotel companies, is expanding its presence in Egypt with four new Hotel Indigo branded properties. As part of a Management Agreement signed with real-estate specialists Mountain View, IHG will introduce the world’s first globally branded boutique hotel brand, Hotel Indigo, to Egypt with Hotel Indigo Mountain View North Coast, Hotel Indigo Mountain View icity New Cairo, Hotel Indigo Mountain View icity 6th of October City and Hotel Indigo Mountain View Ain El Sokhna.
Dynamic City Capital (DCC), a Utah-based real-estate investment firm focused on acquiring and developing premium-branded hotels, today announced the acquisition of the AC Hotel by Marriott® Seattle Bellevue/Downtown (AC Hotel Seattle Bellevue).
Ascott Residence Trust Raises 1h 2021 Distribution Per Stapled Security By 95% To 2.05 Cents Through Active Portfolio Optimisation
Ascott Residence Trust (ART) raised its distribution per stapled security (DPS) for 1H 2021 by 95% to 2.05 cents compared to 1H 2020 through active portfolio optimisation. ART achieved S$360 million in net gains from its divestments from 2019 to 2021 to date.
Selina, the fast-growing hospitality and experiential brand targeting millennial and Gen Z travelers, today announced plans to open five new properties in Chicago, Washington D.C., Guadalajara, Jerusalem and Paros, Greece by the end of the third quarter 2021.
Outrigger Hospitality Group Acquires Three Thailand Resorts, Melco International and Agile Group to Build the Largest Mixed-use Development in Zhongshan, China, Taiwan Extends Special Visa Program for Six Countries, The Pavilions Launches New Hotel Brand Explorar in Thailand.
Azora acquires two Tivoli hotels in the Algarve from Minor, Boscalt acquires 15 Old Bailey in London to convert back into a hotel, Prodea acquires Hilton Garden Inn Malpensa outside Milan from Bain, Extendam acquires two French Best Western hotels.
"These are 3 ways that NDC will play a key role in the recovery of business travel", says CWT’s Erik Magnuson in conversation with Amadeus’ Paul de Villiers.
IHG Hotels & Resorts Continues Growth Of Avid Hotels With 40th Opening; Launches Dual-Branded Prototype With Candlewood Suites In Select Markets
IHG Hotels & Resorts (IHG) has unveiled a new, dual-branded prototype, combining the fast-growing avid hotels brand and industry-leading, extended stay brand Candlewood Suites. The release of the new prototype, targeted for select markets, offers a design that builds on the expansion and popularity of avid hotels since its launch in 2017.
Crestline Hotels & Resorts, LLC (“Crestline”) announced today that it has been selected to manage the Four Points by Sheraton San Jose Airport in California. The hotel is ideally situated one mile from the Norman Y.
FREO Group, the trusted operating partner of global investors that provides unrivalled access to on-the-ground real estate experts in Europe, the UK and the US, has launched a new platform aiming to invest €400 million in hotels in Spain on behalf of institutional capital.