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Tag: real estate

Tourism & leisure industry private equity deals total $7.72 billion globally in Q3 2019

Chief Assignment Editor Chief Assignment Editor- November 26, 2019 16:15

Total tourism & leisure industry private equity deals worth $7.72 billion were announced globally in Q3 2019. The value marked a decrease of 14.2% over the previous quarter and a ... Read More

Four Seasons expands in Bay Area with second hotel in San Francisco

Chief Assignment Editor Chief Assignment Editor- June 14, 2019 18:30

Four Seasons Hotels and Resorts, the world's leading luxury hospitality company, has been selected by an affiliate of Westbrook Partners, a privately-owned, fully integrated real estate investment management company, to ... Read More

Timbers Resorts appoints Sean McLaughlin chief financial officer

Dmytro Makarov Dmytro Makarov- June 5, 2019 02:24

Timbers Resorts, the leading developer and operator of luxury boutique properties around the globe, announces today the appointment of esteemed finance and strategy professional, Sean McLaughlin, as the company's new ... Read More

Benchmark appoints new Vice President of Business Development

Chief Assignment Editor Chief Assignment Editor- May 29, 2019 16:35

Benchmark has appointed Mitch Garrett vice president of business development. Jarrad Evans, senior vice president, business development & strategy, made the announcement. “It is such a pleasure to welcome Mitch ... Read More

Performances Group and Knighthood Capital sign MOU to partner in Africa

Chief Assignment Editor Chief Assignment Editor- May 28, 2019 18:00

Performances Group and Knighthood Capital have signed a memorandum of understanding in which they have agreed to become strategic partners and collaborate in exploring projects of mutual interest in Francophone ... Read More

Dusit International to manage deluxe hot springs resort in Wugongshan, China

Chief Assignment Editor Chief Assignment Editor- May 22, 2019 15:43

Dusit International has signed a hotel management agreement with Jiangxi Honglv Real Estate Company Limited to manage Dusit Thani Hot Springs Resort Wugongshan, Jiangxi, the first internationally branded hot springs ... Read More

Wyndham Garden enters Philippines with first hotel in Quezon City

Chief Assignment Editor Chief Assignment Editor- May 14, 2019 00:30

Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,200 properties worldwide, is bringing a fresh approach to hospitality in the Philippines with the launch of the ... Read More

Caribbean citizenship by investment: Dominica’s five-star resort launches new opportunities in Dubai

Chief Assignment Editor Chief Assignment Editor- May 6, 2019 18:15

During an event held recently at Dubai's One&Only Royal Mirage Hotel, Caribbean hotel developers GEMS Holdings Limited presented The Residences at Secret Bay, a Caribbean citizenship by investment (CBI) opportunity ... Read More

India Tourism: Fore! on the golf course

editor editor- April 30, 2019 23:38

During a presentation by the Ministry of Tourism at the Indian golf & Turf Expo (IGTE), Mr. Venkatesan Dhattareyan, Deputy Director General at Incredible India, Ministry of Tourism, India, greatly ... Read More

Sietse Nabben named General Manager at Hotel Hendricks

Chief Assignment Editor Chief Assignment Editor- April 30, 2019 19:32

With over twenty years in the hospitality industry, Sietse Nabben brings his unique experiences and accomplishments to Midtown’s newest hotspot, Hotel Hendricks. As a native of the Netherlands, Nabben spent ... Read More

Mediterranean Resort & Hotel Real Estate Forum returns to Greece

Chief Assignment Editor Chief Assignment Editor- April 24, 2019 15:24

Now in its fifth year, the Mediterranean Resort & Hotel Real Estate Forum (MR&H) will return to Greece for the second year in succession this October. The event, hosted by ... Read More

Cambria Hotels opens second property in Charleston, SC

Chief Assignment Editor Chief Assignment Editor- April 23, 2019 21:11

Franchised by Choice Hotels International, Inc., the Cambria Hotels brand continues its South Carolina expansion with the opening of Charleston's newest hotel, the Cambria Hotel Charleston Riverview. The 126-room hotel ... Read More

Tallest modular hotel in the world will be built in New York City

Chief Assignment Editor Chief Assignment Editor- April 18, 2019 15:45

The world's tallest modular hotel – which will carry a brand of Marriott International – is on track to be stacked in late fall in New York City with prefabricated ... Read More

New team member at The Pod Hotels

editor editor- April 17, 2019 22:46

The Pod Hotels is striving to address the rapidly-increasing demand for affordable lifestyle hotels targeted at progressive-minded and budget-conscious travelers who are creative and ambitious and who maintain high expectations ... Read More

China launches world’s first 5G smart hotel

editor editor- April 17, 2019 01:48

A strategic cooperation agreement was signed today to create the world's first 5G smart hotel in China by InterContinental Shenzhen, Shenzhen Telecom, and Huawei. By introducing the hotel industry’s first ... Read More

Hong Kong remains world’s priciest housing market

Chief Assignment Editor Chief Assignment Editor- April 14, 2019 16:05

Hong Kong has kept the crown as the most expensive city to buy property in, while two other Chinese cities also made the top five list, according to new research ... Read More

South East Asia Hotel Investors’ Summit returns to Westin Grande Sukhumvit, Bangkok

Chief Assignment Editor Chief Assignment Editor- April 11, 2019 15:16

The South East Asia Hotel Investors’ Summit returns for its third edition in May and will again feature top executives from both hotel owning groups and management companies and a ... Read More

BD Hotels plans rapid expansion, hires Head Of Acquisitions & Development

Chief Assignment Editor Chief Assignment Editor- April 11, 2019 15:14

BD Hotels today announces the appointment of Rani Gharbie as the Head of Acquisitions & Development for The Pod Hotels, BD Hotel’s highly profitable micro-hotel concept. The Pod Hotels currently ... Read More

Arab Hotel Investment Conference is back: Why it’s so amazing

Elisabeth Lang - special to eTN Elisabeth Lang - special to eTN- April 11, 2019 03:44

Last year, the move of the 14th Arab Hotel Investment Conference (AHIC) from Dubai Jumeirah Madinat to the neighboring Emirate Ras Al Khaimah (RAK) was a huge challenge. Ras Al ... Read More

Saudi tourism sector worth over $70 billion in 2019

Chief Assignment Editor Chief Assignment Editor- April 10, 2019 13:30

Saudi Arabia’s travel and tourism sector is expected to contribute $70.9 billion (SAR 263.1 billion) in total to the country’s GDP in 2019, according to data from the World Travel ... Read More

Hotel History: Asian American Hotel Owners Association 

Stanley Turkel CMHS hotel-online.com Stanley Turkel CMHS hotel-online.com- April 6, 2019 20:45

The Asian American Hotel Owners Association (AAHOA) is a trade association that represents hotel owners. As of 2018, AAHOA has approximately 18,000 members who incredibly own about half the 50,000 ... Read More

Central Park: Not in New York – In Dusit Bangkok!

editor editor- April 3, 2019 02:35

Dusit Thani Public Company Limited and Central Pattana Public Company Limited (CPN) have officially revealed the details of their collaboration to create a new city landmark and transform Bangkok’s major ... Read More

Death for gay guests at Beverly Hills Hotel or Hotel Bel‑Air? Dorchester Collection issues a statement

Juergen T Steinmetz Juergen T Steinmetz- April 2, 2019 00:34

The Beverly Hills Hotel and Hotel Bel-Air are part of the Dorchester Collection group and upscale 5-star accommodation in Beverly Hills 2 miles from West Hollywood, known to be the Gayest ... Read More

Destinations need new resources to tackle the “invisible burden” of tourism

editor editor- March 26, 2019 00:42

A report published today by the Travel Foundation, Cornell University’s Centre for Sustainable Global Enterprise and EplerWood International describes how destinations must uncover and account for tourism’s hidden costs, referred ... Read More

New Cambria hotels planned for Detroit and Portland, Maine

Chief Assignment Editor Chief Assignment Editor- March 22, 2019 00:20

Choice Hotels International, Inc. inked agreements with Koucar Management to develop new Cambria hotels in Detroit and Portland, Maine. The upscale hotels are slated to open in 2020 and 2021, ... Read More

Fraport 2018 Fiscal Year: Revenue and Earnings Increase Significantly

Juergen T Steinmetz Juergen T Steinmetz- March 19, 2019 08:10

Boards propose dividend increase to EUR2 - Outlook remains positive In the 2018 fiscal year (ending December 31), Fraport AG continued on its growth path, achieving new records in revenue ... Read More

Kansas City International Airport to break ground on new $1.5 billion terminal

Chief Assignment Editor Chief Assignment Editor- March 15, 2019 16:55

Officials at the Kansas City International Airport (MCI), with partner Edgemoor Infrastructure & Real Estate, will break ground on a new $1.5 billion single terminal on March 25. The project ... Read More

Queensgate Investments acquires four Grange Hotels for £1 billion

Chief Assignment Editor Chief Assignment Editor- March 15, 2019 16:54

Queensgate Investments has completed the acquisition of the Grange St Paul's EC4, Grange Tower Bridge E1, Grange City EC3, and Grange Holborn WC1 for circa GBP 1 billion. The portfolio ... Read More

Pierre Dominique Prümm joins Fraport Executive Board

Chief Assignment Editor Chief Assignment Editor- March 14, 2019 16:30

In its meeting today (Thursday, March 14), Fraport AG’s supervisory board appointed Dr. Pierre Dominique Prümm to the company’s executive board, effective July 2019. Prümm will take over board responsibility ... Read More

United Airlines to keep its headquarters at Chicago’s Willis Tower

Chief Assignment Editor Chief Assignment Editor- March 13, 2019 16:30

United Airlines announced today it will keep its headquarters at the iconic Willis Tower in the airline's hometown of Chicago, while partnering with the building's owner, Blackstone, in making major ... Read More

‘Huge loss’: New York City’s iconic tourist landmark to be sold for $150 million

Chief Assignment Editor Chief Assignment Editor- March 9, 2019 19:15

Once the tallest building in the world, New York’s landmark Chrysler Building will be sold for a fraction of the price it was purchased for, according to media reports citing ... Read More

International developer of private boutique resorts welcomes industry experts to lead team

editor editor- February 25, 2019 22:04

Timbers Resorts, a luxury hospitality brand, announced the appointment of Damon Kolb as Development Manager and Ryan Bell as Corporate Director of Asset Management. The new additions are part of ... Read More

Shaza Hotels expands in Saudi Arabia with new hotel opening in Riyadh

editor editor- February 20, 2019 22:02

Shaza Hotels, a member of the Global Hotel Alliance, has announced the opening of Shaza Hotel Residences, Riyadh. The property is the first for the brand in Riyadh and its ... Read More

3 distinctive hotel openings highlight growth of Olympia Companies

editor editor- February 15, 2019 00:27

The Olympia Companies has just come off a year of remarkable growth and development with the completion of three extraordinary new hotels: SOPHY Hyde Park in Chicago, IL; The Glen ... Read More

KDG Capital acquires Snow King Resort Hotel in Jackson, WY

Chief Assignment Editor Chief Assignment Editor- February 12, 2019 18:08

KDG Capital, a Florida-based real estate private equity firm, has purchased the Snow King Resort Hotelin Jackson, Wyoming. Benchmark will continue to operate and market the 230-room property, located at ... Read More

A capitol transformation

Ted Macauley - special to eTN Ted Macauley - special to eTN- February 9, 2019 21:04

On the corner of Stamford Road and North Bridge Road, in the heart of Singapore's civic and cultural district, lies the newly-renovated Capitol Theatre. It is an art-deco gem which ... Read More