American Hotel Income Properties REIT LP announced the completion of the previously announced acquisition of a geographically-targeted portfolio of 18 premium branded Marriott and Hilton hotels containing 2,187 guestrooms and located in Maryland, New Jersey, New York, Connecticut and Pennsylvania (collectively, the “Eastern Seaboard Portfolio“) for approximately US$407.4 million, including brand-mandated property improvement plans …
Tag Archives: hotel news
Emaar Hospitality Group launches panoramic, 360 virtual tours of its hotels in Dubai
In another technology first, Emaar Hospitality Group, the hospitality and leisure business of Emaar Properties PJSC, has introduced panoramic, 360 virtual tours of its hotels in Dubai. The 360 virtual tours, captured in high-definition photographs and videos, offer visitors the opportunity to experience the unique value propositions of each hotel, discover its myriad facets and …
Hilton opens its 5000th property- the first-ever Tru by Hilton
Hilton celebrated the grand opening of the first-ever Tru by Hilton – the company’s 5,000th hotel – at Tru by Hilton Oklahoma City Airport. With more than 425 hotels in various stages of development, Tru by Hilton has achieved the fastest growing pipeline in the history of the hospitality industry, and has captured approximately 2/3 of …
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Marriott International opens Aloft Perth Hotel in Australia
Marriott International announced the official opening of the design-led Aloft Perth Hotel, the first Aloft to open in Australia. Aloft Perth is the centerpiece of an urban renewal project and will be the social hub of the Springs Rivervale community, which is located alongside the Swan River and on the doorstep of Perth Central Business …
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Nakheel releases construction tender for AED670 million RIU resort at Dubai’s Deira Islands
A joint venture between Dubai master developer Nakheel and leading Spanish hospitality group RIU Hotels & Resorts has moved a step closer with the release of a construction tender for an 800-room, beachfront resort and water park at Deira Islands. With an investment value of AED670 million, the resort – RIU’s first in the Middle …
Marriott International sells the 759-room Westin Maui Resort & Spa for $317 million
Marriott International announced it has completed the sale of its long-term leasehold interest in The Westin Maui Resort & Spa, Ka’anapali for approximately $317 million. Marriott will continue to manage the 759-room property under a long-term management agreement. The buyer is a joint venture among funds managed by Trinity Investments LLC and Oaktree Capital Management, …
Rotana signs agreement with RSG International for a new five star hotel and serviced apartment project in Dubai
Rotana, one of the leading hotel management companies in the Middle East, Africa, South Asia and Eastern Europe, today signed an agreement with RSG International, a UAE-based global conglomerate, with interests in the property development, automotive and industrial equipment sectors across the Middle East, North America and South Asia, for a new five star hotel …
Hilton Hotels&Resorts to open hotel in view of the Eiffel Tower
Hilton has announced that its flagship Hilton Hotels & Resorts brand will add a second property in central Paris, Hilton Paris Eiffel Tower. The plans were unveiled at MIPIM in conjunction with owner Compagnie de Phalsbourg with whom Hilton has signed a management agreement to operate the 118 guest room property. The renowned French visionary …
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Hilton completes spin-off of Park Hotels & Resorts and Hilton Grand Vacations
Hilton Worldwide Holdings Inc. has announced the completion of the spin-offs of Park Hotels & Resorts Inc. (“Park”) and Hilton Grand Vacations Inc. (“HGV”), resulting in three independent, publicly traded companies. Park and HGV will begin “regular way” trading on the New York Stock Exchange (NYSE) today, January 4, 2017, under the ticker symbols “PK” …
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CapitaLand’s Ascott makes first foray into Ireland with acquisition of prime property in Dublin for EUR55.1 million
CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited (Ascott), has expanded its global footprint to Ireland, one of the fastest growing economies in Europe. It has acquired an operating hotel in Ireland’s capital city Dublin, the 136-unit Temple Bar Hotel, for EUR55.1 million (S$83.6 million). Located within Temple Bar, the vibrant cultural …