Hotel conversions continue to have real momentum in the Caribbean and Latin America (CALA) region and in recent years have become an important growth driver for Marriott International. Hoteliers and investors are leveraging the efficiencies and advantages of renovating and rebranding existing properties, further expanding the breadth of Marriott’s portfolio, consisting of 31 global brands.
Mandarin Oriental publishes 2022 Sustainability Report
Mandarin Oriental, a global leader in luxury hospitality announces its latest sustainability achievements and strategic initiatives, as outlined in its annual sustainability report which is now available on the brand website in text and audio formats. Over the past year, the company has made significant enhancements to its Environmental, Social, and Governance (ESG) Policies, reinforcing its commitment to a more sustainable future.
Chiva-Som promotes sustainable weight management retreat with green season promotions
Pioneering and transformative wellness destination, Chiva-Som in Hua Hin, Thailand, has perfected the art of healthy long-term weight management. Its Sustainable Weight Management retreat can be enjoyed with special rates during the summer ‘green season’ until 30th September 2023.
Hyatt to strengthen its lifestyle brand presence in Europe with plans for Hyatt Centric Malta
Hyatt Hotels Corporation announced today that a Hyatt affiliate has entered into a franchise agreement with JUEL Hospitality Limited, part of the JUEL Group, to develop the 160-room Hyatt Centric Malta. The hotel is expected to open in early 2024, marking the second Hyatt-branded property in Malta, joining Hyatt Regency Malta in the heart of St Julian’s, a bustling resort town on the island’s northeast coast known for its thriving nightlife and stunning beaches. Hyatt’s thoughtful expansion of the Hyatt Centric brand represents its commitment to growing its lifestyle and leisure portfolio while increasing the World of Hyatt loyalty program value proposition by delivering meaningful experiences to members in more sought-after destinations.
TriO Capital to maximise growth opportunities for Ovolo and beyond
The launch of TriO Capital, the dedicated investment and asset management arm of the Ovolo Group, will facilitate the acceleration of its expansion efforts, with an initial focus on Asia Pacific. TriO, named after the three O’s in Ovolo, will have Tim Alpe, the group’s former COO for Hong Kong and Indonesia, at the helm supported by a dedicated team of acquisitions and investment experts including newly minted Vice President Kyu Baek Kim, a long-standing team member with an intricate understanding of feasibility and expert investment analysis across the region.
PMZ Realty Capital arranges over $60M financing for three Hilton branded properties
PMZ Realty Capital LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, announced today that it arranged over $60M in financing in the last few weeks for three separate Hilton properties.
Swiss-Belhotel International and CTG Hotel, China’s largest tourism enterprise sign an alliance
Swiss-Belhotel International, the rapidly expanding global hotel management group, has signed a memorandum of understanding (MOU) with CTG Hotel, part of the largest tourism enterprise in China – China Travel Group. The partnership is set to significantly boost the Swiss-Belhotel International’s portfolio.
Marriott International and MGM Resorts International announce long-term license agreement
Marriott International, Inc. (Nasdaq: MAR) and MGM Resorts International (NYSE: MGM) announced today an exclusive long-term strategic licensing agreement and the creation of MGM Collection with Marriott Bonvoy, which will launch in October 2023, and encompass 17 of MGM’s unrivaled resorts, representing more than 40,000 rooms in Las Vegas and other cities across the U.S.
VisitBritain kicks off football tourism campaign in lead-up to FIFA Women’s World Cup 2023
The FIFA Women’s World Cup Australia & New Zealand 2023 is fast approaching and VisitBritain is harnessing the opportunity to promote Britain as the home of football, kicking off a new campaign in Australia.
Accor empowers team at the Group’s first Pacific Leaders Conference
Accor, the largest hotel operator in Australia and New Zealand, hosted its first ever Pacific Leaders EMPOWERED Conference and Awards with more than 400 general managers and senior leaders from Accor attending from Australia, New Zealand, Fiji, French Polynesia, and across the world.
