Braintree Group, a privately held, vertically integrated, national real estate development and investment firm, announced today the acquisition of three properties, adding 330 rooms to their rapidly growing hospitality portfolio. Resolute Road Hospitality, a national third-party management company driven by a promise to provide owners with an increased return on their assets, will manage all three assets.
IHG continues to strengthen Egypt portfolio with two new signings in Cairo
IHG Hotels & Resorts, one of the world’s leading hotel companies, has strengthened its partnership with one of the leading developers in Egypt, Arkan Palm for Real Estate Investment, to build two more hotels in the capital city — InterContinental West Cairo 205 scheduled for a January 2028 opening and the voco West Cairo 205 Suites, set to open by June 2026.
Dusit International showcases expanding portfolio at the Arabian Travel Market 2023
Dusit International, one of Thailand’s leading hotel and property development companies, will showcase its expanding portfolio of international properties – including its first hotels in Europe, Japan, and Nepal – at the Arabian Travel Market (ATM) 2023, held from 1 – 4 May at the Dubai World Trade Centre.
HEI Hotels and Resorts adds 93-room Saranac Waterfront Lodge to portfolio of Third-Party Managed Hotels
Officials of HEI Hotels & Resorts, a leading hospitality investment and management company, today announced the addition of the 93-room Saranac Waterfront Lodge, bringing its portfolio of third-party managed hotels to 101.
Splendid Hospitality expands portfolio with Mercure
Splendid Hospitality, one of the UK’s fastest growing privately-owned hospitality management companies, has expanded its portfolio with the new Mercure Dumfries Cargenholm House, due to open 5 December 2022. Located close to the historic market town of Dumfries yet surrounded by countryside, the hotel offers an idyllic getaway for a break in coastal Scotland.
Principal confirms sale of 11 hotels to AXA
The portfolio being sold comprises over 2,300 rooms in 7 Hotels in Germany as well as 4 hotels in other major European cities.
Best Western broadens appeal to travelers and developers
Best Western boasts refreshed and expanded portfolio of hotel options.
Hilton overtakes Marriott in portfolio value
Hilton has extended its lead as the world’s most valuable hotel brand while the total value of its brand portfolio within the Brand Finance Hotels 50 ranking has overtaken Marriott’s, according to the latest report by Brand Finance, an independent brand valuation consultancy.
