Queensgate, which ran Generator hotels in the U.S., is changing the branding. The Sheraton Atlantic City hotel will halve its 500 rooms for apartments despite casino industry objections to the conversion. Plus, more hotel deal and development news.
Room00’s new expansion plan sees its asset selection process adapt to each market. The company is not chasing a fixed hostel-hotel mix, but matching each property to the format that fits best.
For years, China’s hotel story was concentrated in major cities like Beijing, Shanghai and Guangzhou. That’s where the demand was, and that’s where most branded supply clustered. But that’s changing now.
Radisson Hotel Group signs six hotels in India, Fiji and Tajikistan, as the Philippines moves to abolish its departure travel tax. Plus, more hotel deal and development news.
CBRE Hotels' Robert Webster called this the second best buying opportunity of his career, as the Hunter conference buzzed with transaction optimism. Plus, more hotel deal and development news.
IHG's Garner brand hits 100 hotels globally while Wyndham's Trademark Collection tops 100 U.S. properties, as Fusion Hotel Group changes hands. Plus, more hotel deal and development news.
There's little glamor in limited-service conversion brands and extended-stay hotels in secondary markets. But for Hyatt, this may be the fastest way to fix a U.S. location map full of holes.
Hotel demand across Asia is accelerating, and while China is still struggling to bounce back, in part due to policies inhibiting group travel, operators are cautiously optimistic that it will take a U-shaped rebound.
For Eight Continents, India is a key market. However, it is not investing significant capital, especially as India has a gold mine - a significant number of keys that still remain unorganized.