IHG Hotels & Resorts (IHG) today announced that it has signed a management agreement with AXA IM Alts to open Holiday Inn Kyoto Gojo by early 2025.
Four Seasons Resort and Residences Cabo San Lucas at Cabo Del Sol now open
The all-new Four Seasons Resort and Residences Cabo San Lucas at Cabo Del Sol is now open.
Avani debuts in the Netherlands with the opening of Avani Museum Quarter Amsterdam
Avani Hotels & Resorts, the upscale lifestyle brand of Minor Hotels, continues its European expansion with the launch of Avani Museum Quarter Amsterdam. Housed in a refurbished mid-century building in the heart of the city’s museum district, the 163-room canal-side property offers a relaxed stay for both business and leisure travellers, as well as access to some of Amsterdam’s most unique experiences through a series of innovative partnerships.
COTE Korean Steakhouse announces first location in Las Vegas at The Venetian Resort
Gracious Hospitality Management announces plans to open COTE Vegas, the brand’s first West Coast concept in 2025. Located at The Venetian Resort Las Vegas, the Michelin-starred Korean steakhouse, recently named North America’s Best Steakhouse by World’s 101 Best Steak Restaurants, will debut early next year as a part of the resort’s $1.5 billion reinvestment project, which will touch nearly every facet of the legendary resort – from groundbreaking entertainment venues to new culinary concepts to renovated suites.
Hilton set to double lifestyle portfolio to 700 hotels within next four years
With nearly 350 existing lifestyle hotels and another 350 expected to join the portfolio by 2028, Hilton is set to double its presence in the fast-growing lifestyle category in the next four years. The recent addition of Graduate Hotels and NoMad to Hilton’s portfolio, coupled with increasing guest and owner demand, has positioned the company to further accelerate lifestyle category growth.
IHG Hotels & Resorts adds almost 1,000 rooms to Portuguese pipeline
IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, announces the signing of nine hotels across Portugal, adding 976 rooms to the country’s growing and strong pipeline, as it continues to benefit from rapid growth. The signings cover two IHG brand collections including luxury and lifestyle, with the announcement of Kimpton Lisbon, Hotel Indigo Albufeira and Hotel Indigo Faro – and its Essentials Collection which comprises six signings across the Holiday Inn and Holiday Inn Express brands – including suites offerings.
CapitaLand Ascott Trust fully acquires student accommodation property Standard at Columbia to boost income resilience
CapitaLand Ascott Trust (CLAS) has acquired the remaining 10% stake in Standard at Columbia, a freehold student accommodation property in South Carolina, United States of America (USA). The earnings before interest, taxes, depreciation and amortisation (EBITDA) yield on total development cost is expected to be approximately 7%. This is higher than the 6.2% EBITDA yield that was projected in 2021 on the basis that the property has achieved stable performance. The acquisition is funded by proceeds from CLAS’ earlier divestments.
Marriott International announces three conversions to bring iconic luxury properties in the United States
Marriott International, Inc. announces plans to convert three iconic luxury properties in the U.S. to brands within the Marriott Bonvoy portfolio. Located in some of the most sought-after destinations in the country, The Resort at Pelican Hill, Turtle Bay Resort, and a luxury Midtown hotel in New York City are all expected to join Marriott Bonvoy’s luxury brands this summer.
IHG Hotels & Resorts heats up in Mexico, Latin America and the Caribbean with exciting openings and upcoming debuts across its luxury and lifestyle brands
IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today celebrates its exceptional luxury and lifestyle growth in Mexico, Latin America and the Caribbean (MLAC). Already one of the largest luxury and lifestyle portfolios in the world, this expansion underscores IHG’s strategic focus, significant investment, and ambitious growth plans in the region for this important segment. With five openings to date in 2024 and 32 properties currently in the regional pipeline, IHG is expected to more than double its MLAC luxury and lifestyle presence in the coming years.*
Furama Hotels International to open its first Australian address at rebranded Darling Harbour property
Singapore-based hospitality company, Furama Hotels International (FHI) is poised to debut its eponymous hotel brand in Australia this winter, announcing the arrival of the Furama Darling Harbour in Sydney on 1 July 2024.
