Gosford expands with new $375m complex and voco hotel
Sydney developer ALAND has joined IHG Hotels & Resorts to open a new premium hotel as part of its $375 million apartment project on the expanding NSW Central Coast…
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Gosford expands with new $375m complex and voco hotel
Sydney developer ALAND has joined IHG Hotels & Resorts to open a new premium hotel as part of its $375 million apartment project on the expanding NSW Central Coast…
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Blackstone buys Kyoto Moxy Nijo hotel for $54 million amid tourism boom
Blackstone (NYSE:BX) Inc. has acquired the Moxy Kyoto Nijo, a Marriott International (NASDAQ:MAR) hotel, for ¥8 billion ($54 million), tapping into the flourishing Japanese hospitality market fueled by a robust recovery in tourism…
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Saudi wealth fund to buy 49% of luxury hotel chain Rocco Forte
Saudi Arabia's PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the owner of Britain's Balmoral hotel said on Monday…
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HOTEL FINANCIAL PERFORMANCE INFLUENCED BY CHANGES IN F&B OFFERINGS
Beverage venue revenues, public-room rental and A/V revenue saw greatest POR revenue change - THE 2020 COVID-influenced lodging industry recession resulted in some noticeable changes to the way hotels provide F&B service…
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Choice to nominate directors for Wyndham Board
During the company's third-quarter earnings call in early November, Choice Hotels International’s new CFO Scott Oaksmith said that Choice had become a “nominal shareholder” of Wyndham Hotels & Resorts as part of its efforts to acquire Wyndham’s…
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ADB sees growing potential of alternative accommodations
MANILA, Philippines — Southeast Asian countries need to legally define alternative accommodations and simplify online registration systems and licensing requirements to strengthen the regulation of the growing sector and maximize its benefits to the…
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Lagos Implements Digital Revenue Collection for Hotels and Restaurants
The digitalization of the procedure for collecting the hotel occupancy and restaurant consumption taxes from owners of the state’s facilities—hotels and restaurants—has been announced by the Lagos State Internal Revenue Service…
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Grazzy, the digital tipping platform driving higher earnings for hotel workers, has been named a preferred technology provider by Hyatt Hotels…
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There is a lot capital on the sidelines waiting to be deployed, but European investors said that's likely where it will stay, at least for the foreseeable future…
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COVID-19 caused a major paradigm shift in where workers operate with many companies offering hybrid and remote work. This caused a shake-up in commercial real estate, rendering office spaces obsolete…
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Digital Nomad Startup Raises $325 Million For 150 Boutique Hotels
Traditional short-term rentals often don't work well for the digital nomad who also wants to socialize. Outsite is trying to fill that gap…
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CBRE: REVPAR REBOUND EXPECTED IN 2024 AFTER SUMMER DECELERATION
U.S. HOTELS REVPAR growth is likely to recover in 2024, as inbound international travel further improves and sector-specific headwinds moderate, according to CBRE…
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Lynette Montoya, a prominent figure in the hospitality and economic development sectors, has announced her investment in Dream Exchange, the first minority stock exchange, in formation…
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Doyle hotel group reports surge in profits due to ‘steady growth’ in business post Covid
Profits and income almost trebled for the Doyle Collection during 2022 as pandemic-related lockdown restrictions were lifted at its hotels in Ireland, the UK and the US…
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Singapore’s CapitaLand sells Parramatta, North Ryde hotels for $109m
Singaporean real estate giant CapitaLand has sold two Sydney hotels that form part of its $9 billion listed CapitaLand Ascott Trust for $109 million to local investors Frank and Wade Huang as it recycles capital into higher yielding investments…
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Chargebacks are a bigger problem than most hoteliers think
For hotel managers, dealing with unhappy guests is part of the job: you do your best to smooth ruffled feathers, address the underlying problems and make sure that you manage similar situations better in the future…
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With $2.3 Billion in Maturities Looming, Service Properties Focuses on Addressing Debt
Service Properties Trust President and Chief Investment Officer Todd Hargreaves said his company is open to buying hotels, but its immediate priority is dealing with a wave of debt that is maturing over the next two years…
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Real estate conversions are big business. For the large, branded hotel companies, the most recent earnings season revealed conversions now account for around a third of signings…
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