Scottish hotel market records £310 million in transactions
Scotland saw hotel transaction volumes (sales of £1 million+) reach £310m in 2023, up 98% on 2022’s figure of £156m, according to Savills…
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Scottish hotel market records £310 million in transactions
Scotland saw hotel transaction volumes (sales of £1 million+) reach £310m in 2023, up 98% on 2022’s figure of £156m, according to Savills…
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Hotel Investing Remains Cheap as Sector’s Recovery Continues, per Analyst
Morgan Stanley’s Bluhm notes that lodging deal activity is picking up amid lowering rates…
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The Private Jet Villa Is World's First Boeing 737 Hotel Conversion, Will Blow Your Mind
Airplane conversions are not rare, but they're not the norm, either. Upcycling decommissioned aircraft is a task only for the strongest of hearts and the deepest of pockets, no matter how low and attractive the price of the fuselage…
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Bobobox, Indonesia’s largest outdoor accommodation operator, is looking to expand into either Japan or the US this year, as it seeks to deploy its sleeping pods and cabins in two of the world’s most developed lodging markets, according to president…
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Talaat Mostafa's ICON completes acquisition of 7 Egyptian state-owned hotels
Egypt's leading real estate developer Talaat Mostafa Group (TMG) has completed the final acquisition contract for a majority equity stake of 51 percent with full management rights in seven state-owned hotels, the TMG said in a disclosure statement…
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Turning Tables - The Ritz-Carlton Opens a New Hotel and Restaurant in Oregon
The luxury hotel company makes its Pacific Northwest debut in Portland; plus, San Francisco restaurateur Shelley Lindgren brings a new wine program to Anguilla’s Malliouhana Resort.
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Tourists and business travellers alike hit the road again last year, boosting demand for hotel rooms by 11 per cent Canada wide…
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Aareal Bank Backs Starwood Capital with Financing for Premier London Hotel Portfolio
Aareal Bank has provided financing for the acquisition of a premier collection of ten hotels in London by a controlled affiliate of Starwood Capital Group…
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Libyan Investment Authority launches hostile takeover of South Africa’s Legacy Hotels
The Libyan Investment Authority, the country’s sovereign wealth fund, has launched a hostile takeover bid for one of SA’s premier hospitality groups, Legacy Hotels, following a bitter boardroom fallout, putting a multibillion-rand property portfolio…
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MCR Refinances 16 Hotels for $333 Million
NEW YORK, February 08, 2024--(BUSINESS WIRE)--MCR — the country’s 3rd-largest hotel owner-operator — has refinanced a 16-hotel portfolio for $333 million, generating $51 million of net proceeds…
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Jackson Hole Mountain Resort, WY, Owners Confirm Sale to Local Investors
The Kemmerer family announced today that it has officially closed the deal for the sale of Jackson Hole Mountain Resort (JHMR), Wyoming, ending a highly successful and transformative 32 -year run of ownership…
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Pet Resort Hospitality Group Announces Five Acquisitions of Leading Pet Resort Brands
Trivest Partners (“Trivest”), Queens Court Capital (“Queens Court”) and Pet Resort Hospitality Group (“PRHG”), announced today the addition of five leading pet resort brands to the company’s portfolio, bringing the total number of pet resorts across…
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THAILAND’S HOTEL INDUSTRY WILL ADD 10,000 ROOMS BY 2024
The Thai hotel industry is expected to grow by around 10,000 new rooms in 2024, according to Jasper Palmqvist, senior director for Asia Pacific at STR Global, a global provider of data, analytics, and marketing for the hospitality industry…
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How this beauty brand transformed its space into a luxury hotel of brands at the Ajio Luxe Weekend
From a lazy Sunday-inspired Maison Margiela suite to Huda Beauty’s “School of Snatch”, Laura Mercier’s immersive space and more, ‘The Tira Grand Hotel’ brought together an impressive line-up of luxury beauty brands at the Ajio luxe Weekend…
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Refined Maximalism: Designers Embrace More-Is-More
Step aside neutrals, bold patterns and vibrant colors are here to stay! Eager to relieve the housebound monotony of the pandemic and evoke emotion, designers are embracing playfulness, vibrancy, and variety in their hospitality projects…
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The world’s first 3D-printed hotel will soon be a reality, according to Architectural Digest…
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Thai hotel investments accelerate and Inflows approach pre-pandemic levels
Hotel investment in Thailand is ramping up at the same rate as prior to the pandemic, driven by more hotel conversions and an increase in lending among banks, based on an optimistic tourism industry, according to hospitality consultant C9…
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Strawberry Arena - Sweden National Stadium Renamed
ASM Global announced a naming rights partnership with Strawberry Hotel Group, one of the largest hotel businesses in Scandinavia…
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Shamal Holding breaks ground on exclusive Baccarat Hotel and Residences Dubai
In an exclusive ground-breaking ceremony, Shamal Holding, a diversified investment firm which manages a unique portfolio of investments, assets and experiences, has inaugurated the start of construction for the highly anticipated Baccarat Hotel and…
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Powerscourt Hotel gets planning for on-site staff accommodation facility
The Powerscourt Hotel Resort and Spa has secured planning permission to construct a staff accommodation facility at the five-star hotel in Wicklow, despite an objection from the owners of the Powerscourt Estate…
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Starwood Capital acquires portfolio of 10 hotels from Edwardian Group
LONDON – Starwood Capital Group, a global private investment firm with a primary focus on real estate, announced that a controlled affiliate has acquired a portfolio of 10 hotels from Edwardian Group for an undisclosed sum via an off-market…
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More than 1,800 new hotel rooms completed construction last year, bringing total stock to an estimated 66,200 as of December. According to Fáilte Ireland research, 12% of all registered tourism bed stock is under contract to the state…
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GIC Seeks to Sell Hilton Hotel in Japan for Over $580 Million
Singapore sovereign wealth fund GIC Pte is considering selling a 1,053-room hotel in western Japan, and has been marketing the property to potential investors since late last year, according to people familiar with the matter…
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Plans to build homes, hotel towers in Bal Harbour meet with fierce resistance
The owners of Bal Harbour Shops, a luxury shopping centerpiece for 60 years in the middle of a $550 million expansion, plan to build bigger. Armed with Florida's Live Local Act, developers revealed blueprints for towers more than 270 feet tall…
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