Hotel Investors Sidestep Omicron
Skift Take
Hotel companies, developers, and investors all signaled this week with their various deals that they are all taking the long view on the hospitality industry. Omicron and the rest of the pandemic is a blip in the timeline of construction and brand expansion.
Daily Lodging Report
Skift’s Daily Lodging Report is a subscription-required, email-only newsletter read by anyone and everyone in the hotel investor, owner, and operator space, including CEOs of some of the industry’s top brands. It covers North America and Asia Pacific with two separate regional editions.Here’s a sampling of what the Daily Lodging Report provided to its readers this past week. If you’re not a subscriber, you should be. Don’t wait. Sign up now here.
Sunday, Dec. 12The shuttered Trump International Hotel & Tower Vancouver is reopening sometime in 2022. Daily Hive Urbanized confirmed the upscale hotel property’s second life will carry the brand of Paradox Hotel, a new international hotel chain, which is also planning to open locations in Phuket, Thailand and Singapore in 2022. Paradox Hotel is now also the operator of Summit Lodge Boutique Hotel. Both Summit Lodge and the former Trump-branded tower are owned by Holborn Group. It is not clear if Paradox Hotel is a new hotel division of TA Global Berhad, which is closely affiliated with Holborn Group under the same ownership and leadership. Holborn Group opened the Trump-branded Vancouver property in February 2017, with TA Hotel Management, the Canadian subsidiary of TA Global Berhad, operating
