News
Kempinski buys first hotel in 50 years
19+ hour, 28+ min ago (233+ words) CEO Barbara Muckermann said the purchase of the Augustine Hotel, Prague signals a shift toward an asset-heavy, ultra-luxury approach going forward. PRAGUE " Geneva, Switzerland-based Kempinski Hotels has acquired the Augustine Hotel, Prague in the Czech Republic, the hotel company's first…...
Latest news: US hotels up again; Standard coming to Austin; $297M for Lake Tahoe resort
20+ hour ago (359+ words) Latest news: US hotels up again; Standard coming to Austin; $297M for Lake Tahoe resort'Hotel Investment Today US hotels way up last week hotel industry posted year-over-year gains, according to the latest data from CoStar For the week of March 22-28, occupancy…...
Accor considers US IPO for Ennismore
7+ mon, 3+ week ago (170+ words) The company has over 180 hotels worldwide under 16 lifestyle brands and could be the highest-profile hospitality IPO in years. ISSY-LES-MOULINEAUX, France " Accor is considering an initial public offering in the U.S. for its lifestyle hotel vertical Ennismore, according to multiple reports. A…...
Latest news: HHP acquires in South Carolina; first Hyatt in Chattanooga; London asset sells
1+ day, 18+ hour ago (222+ words) First Hyatt in Chattanooga. Chattanooga, Tennessee-based 3H Group Inc. is opening the 123-key Caption by Hyatt Chattanooga Downtown, the city's first Hyatt property. The hotel will be operated by Dothan, Alabama-based LBA Hospitality. London Radisson Blu sells. London-based CLI Dartiver has…...
Latest news: Omni adds 12th in Texas; Corinthia to Tuscany; loan for Salt Lake Kimpton
2+ day, 18+ hour ago (367+ words) Latest news: Omni adds 12th in Texas; new Corinthia in Italy; Room00 secures "330M'Hotel Investment Today Omni adds 12th in Texas Dallas-based Omni Hotels & Resorts has broken ground on the Omni Midland Hotel, marking the company's 12th property in Texas Developed in partnership with…...
Marriott jumps into luxury wellness
2+ day, 21+ hour ago (286+ words) Deal with Italy's Leali family gives the giant its 39th brand and opportunity to grow a dedicated wellness brand. BETHESDA, Maryland " Marriott International and the Leali family, founders of luxury, holistic wellness brand Lefay, have entered into a joint venture to…...
White Lodging buys Sheraton in Raleigh
3+ day, 15+ hour ago (322+ words) Property will be converted to a Westin after a renovation that will start early next year. RALEIGH, North Carolina " White Lodging, Merrillville, Indiana, has acquired for a reported $27.75 million the 353-room Sheraton Raleigh Hotel in North Carolina, near the Raleigh…...
Why ROI in East Africa often mispriced
3+ day, 18+ hour ago (489+ words) INTERNATIONAL REPORT " Hotel investors entering East Africa sometimes encounter return gaps that are not immediately explained by weak demand or operational inefficiencies. These gaps often emerge because investment assumptions are calibrated to market conditions that are larger, deeper, or more…...
Latest news: Vici buys Canadian portfolio; IHG adds in India, China; Marriott adds in Africa
3+ day, 20+ hour ago (334+ words) InterContinental to India. IHG Hotels & Resorts has signed a management agreement with Dubai-based Eros Group (Nehru Place Hotels Pvt Ltd) to open the 216-key InterContinental Eros New Delhi Nehru Place in India following a renovation in 2029. IHG currently operates 51 hotels…...
The 19:00 problem: Where luxury hotels lose control of dining
3+ day, 21+ hour ago (615+ words) Address family dining challenges with design; not something to manage but something to structure. GLOBAL REPORT " Luxury hotels invest heavily in their restaurants, dedicating lots of time and money to design, service, atmosphere, and menu offerings. Yet many lose control…...