Kathakali Nandi - 10 Minutes News for Hoteliers - Page 10

2 min

Accor to launch TRIBE and TRIBE Living in Saudi Arabia

🏡 Accor and Naif Alrajhi Investment are launching the first TRIBE and TRIBE Living properties in Riyadh, Saudi Arabia, as part of the King Salman Park development. The TRIBE Riyadh King Salman Park will feature 250 rooms, two restaurants, meeting spaces, a banquet hall, a gym, and a swimming pool. TRIBE Living will offer 150 apartments, from studios to three-bedroom units, with shared amenities such as a clubhouse. The urban park spans 290,000 square meters, offering residential, commercial, and community facilities. Accor currently operates 1,683 hotel keys in Riyadh, with another 2,740 in the pipeline.

2 min

Minor Hotels strengthens Italy presence with NH Collection hotel in the Alps

🏖️ Minor Hotels is set to open NH Collection Alagna Mirtillo Rosso in Italy's Pennine Alps in March, catering to ski enthusiasts with its proximity to 150 kilometers of slopes in Monte Rosa Ski Hotel. The renovated hotel will feature 56 rooms, a wellness center with separate 300 m² adults-only and 400 m² family areas, offering pools, saunas, and treatment rooms. The NH Collection marks its 10th anniversary in Italy, increasing its Italian portfolio to 17 hotels, while Minor Hotels Europe & Americas has 60 Italian properties.

3 min

Blackstone solidifies Japan portfolio with three hotel acquisitions

🏨 Blackstone acquires three hotels in Osaka and Okinawa, expanding its Japanese portfolio to $1.3 billion. The Ritz-Carlton Okinawa and Kise Beach Palace were reportedly purchased for $130 million. Japan's 2024 foreign visitor spending hit a record JPY 5.8 trillion by September, with a single-month peak of 3.3 million in July. First-half 2024 hotel investment volume reached $2.9 billion, a 30% increase over 2023. Japan anticipates 60 million annual inbound visitors by 2030.

2 min

Prima Asset Management partners with Schwartz Family Co. to boost London hotel investments

🏦 Singapore's Prima Asset Management partnered with Australia's Schwartz Family Co. to boost London real estate presence. Prima's hotel project in Paddington will see the Victorian-era hotel expand from 68 to over 80 rooms after renovations. Acquired in June 2024, financed by OakNorth Bank, the project is in collaboration with Capilon Group. Schwartz Family Co., with a portfolio of 15 hotels and over 4,300 rooms, invests in Prima's vision for sustainable hospitality. London, a top hotel investment destination, saw €2.6 billion in hotel deals in H1 2024, up 215% from H1 2023. Prima aims for another hotel acquisition by Q1 2025.

3 min

Dusit Hotels expands portfolio with new hotels in Thailand, India

🏕 Dusit Hotels and Resorts opened Dusit Princess Chiang Mai in Thailand after a 3-year renovation, featuring redesigned guestrooms and upgraded facilities reflecting Lanna culture. The property participates in Thailand's tourism revitalization campaign "Nuea… Phrom Tiew". In India, Dusit marked its market entry with dusitD2 Fagu, Shimla, inaugurated on December 15, boasting 80 guestrooms, a temperature-controlled pool, and a spa. Dusit International operates 301 properties across 19 countries, including 57 hotels and 244 luxury villas.

2 min

Hyatt debuts The Unbound Collection in Southeast Asia

🏦 Hyatt's The Unbound Collection expands to Southeast Asia with Keraton at The Plaza in Jakarta, offering 138 rooms and suites. The hotel, featuring traditional Javanese 'batik kawung' patterns, is connected to Plaza Indonesia mall and provides access to Grand Hyatt Jakarta's amenities. The Unbound Collection currently comprises 19 hotels, including the recently announced property in Nara, Japan, and the renovated The Bellevue in Philadelphia with 184 rooms and 38 suites.

2 min

Marriott to open Ritz-Carlton hotel in Xiamen, China

🏡 Marriott International partners with Xiamen Green Development Investment Group to launch The Ritz-Carlton in Xiamen Island, Fujian Province, China. The luxury hotel will feature 228 rooms, 35 suites, diverse dining options, and a 1,580-square-meter meeting space. Additional amenities include a 25-meter indoor pool, fitness center, and spa. The development includes a 340-meter office tower and Marriott Executive Apartments with 144 furnished units. The Ritz-Carlton, Xiamen aims to attract business travelers and tourists, enhancing Marriott's portfolio to six properties in the city.

2 min

Hilton Denver City Center joins Sage Hospitality’s portfolio

🏡 Sage Hospitality Group now manages Hilton Denver City Center, the first partnership with Park Hotels & Resorts. The hotel, featuring 613 rooms and 35,000 square feet of meeting space, joins Sage's 18-property Denver portfolio including The Crawford and The Oxford. Located near Larimer Square, the hotel provides mountain and city skyline views and Sage Restaurant Concepts oversees its dining venue. Sage's four companies offer comprehensive hospitality services in Denver.

3 min

Hyatt adds Bahia Principe resorts via JV with Grupo Piñero

🏡 Hyatt Hotels Corp. has completed a 50/50 joint venture with Grupo Piñero, adding 22 Bahia Principe resorts and 12,000 rooms to its Inclusive Collection. The strategic alliance is based in Palma de Mallorca, Spain. The venture includes properties across the Dominican Republic, Mexico, Jamaica, and Spain, and will expand Hyatt's all-inclusive offerings by about 30%. Julio Pérez is the JV CEO, and Encarna Piñero is the chairman. Hyatt aims to grow its Inclusive Collection to over 140 properties by the end of 2024.

2 min

Hilton expands in the Caribbean with Tapestry Collection resort in Bonaire

🏖️ Hilton launched Delfins Beach Resort Bonaire, its first hotel in Bonaire, to expand in the Caribbean with over 45 existing hotels and 35 in development. The resort boasts 148 oceanfront rooms, an on-site dive center, two pools, and dining options reflecting local cuisine. The property includes a beach spa, gym, meeting spaces, and a ballroom for 150 people. Hilton's Caribbean growth includes the opening of properties in Dominica, Guyana, and a 500-room resort in Playa Esmeralda by early 2025.

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