Wyndham and Kamah Sign $70M Multi-Hotel Deal

The Philippines had a 10% year-over-year rise in tourist arrivals in the first nine months of 2024. The total number of visitors reached 4.4 million, up 9.89% from 2023. Overseas Filipinos accounted for 8% of the number, with foreign tourists totaling 4.08 million arrivals, up 10.36% from the same period in 2023. South Korearemains the top source of foreign tourists, with 1.19 million arrivals, up 12.1% year over year. The US rose by 1.65% to 694,142 arrivals. Vietnam had a notable decline, down -10.5%.

The Link Seoul, a Tribute Portfolio Hotel, is now officially open in Guro District, Western Seoul. Marriott International said the hotel has 141 rooms, including 16 suites and a Presidential Suite, across 19 floors. The property includes an all-day casual restaurant, a modern pub, lounge bar and a bakery-café. The grand ballroom is 760 square meters and there are two smaller meeting rooms and a board room. The hotel is located just a 45-minute drive from Incheon International Airport.

Lotte Hotel & Resort announced it will officially open Lotte Hotel & Resort Gimhae, built on the Gimhae Tourism Distribution Complex in South Gyeongsang Province, in southeast South Korea. This is Lotte's first business in South Gyeongsang Province, built with a total floor area of about 40,000 square meters with nine floors, including underground floors. The total number of rooms is 250 with a selection of deluxe, family and suites. There is also a character room where you can choose from two characters – Malangi and Pepero with children's items provided. Click Island is an auxiliary facility set up for children. Other amenities include indoor and outdoor swimming pools and tennis courts, screen golf practice ranges and screen tennis facilities, and more. An 86,000-square-meter garden-type theme park will be held in front of the hotel.

Frasers Property unveiled its holistically integrated development in Bangkok. One Bangkok, with an investment value of US$3.2 billion, features world-class facilities, including premium office towers, luxury and lifestyle hotels and residences, and dynamic retail experiences. The hotels include Thailand's first Ritz-Carlton and an Andaz. The development is located in the heart of Bangkok's Central Business District and will open on October 25th. The development comprises three retail experiences, five premium office towers, the Ritz-Carlton and Andaz and three upscale residential towers.

Kamah Hotels & Resorts has partnered with Wyndham Hotels & Resorts for the development of four new hotels in Dubai, UAE and India. The parties signed a US$70 million deal which includes one hotel in Dubai and three in India under the Trademark Collection by Wyndham brand. This follows a successful collaboration between the two at Wyndham Grand Jaipur last year. The first set of properties will be in Dubai, Coorg, Jawai, and Udaipur with further expansions planned in global destinations across North America, Australia and Europe as well as prominent leisure locations in the Indian subcontinent, such as Goa, Lonavala, and Dharamshala. The partnership aims to fill a niche in the global wellness hospitality sector by combining a luxury lifestyle with holistic wellness. The Trademark Collection hotels will be named Kamah Resort in Coorg, Jawai and Udaipur, India and Kamah Hotel at Al Jaddaf Waterfront in Dubai.

Samhi Hotels said it secured its board's approval and acquired Innmar Tourism and Hotels Private Limited. The company said its board of directors approved the investment of funds to acquire 100% of the share capital of Innmar Tourism and Hotels Private Limited. Innmar Tourism owns a hotel with 142 rooms in Whitefield, Bengaluru along with surplus land for the development of an additional 200-220 rooms in the upper upscale segment. Samhi is a branded hotel ownership and asset management platform based in India.

The newly opened Holiday Inn Resort Kathmandu Budhanilkantha is the first Holiday Inn Resort property in Nepal. The hotel has 104 rooms and suites, a gym, outdoor swimming pool, spa and a Kids' Club as well as a choice of restaurants and bars. The resort also offers versatile event spaces with a total of 9,300 square feet.

Lemon Tree Hotels announced its latest signing – Lemon Tree Hotel, Udaipur. The property will be managed by Carnation Hotels Private Limited, a unit of Lemon Tree Hotels Limited, and is expected to open in FY2027. The hotel will feature 54 rooms, a restaurant, bar, meeting room, a swimming pool and a fitness center.

TreeHouse Hotels & Resorts, a hospitality chain owned by Karma Hospitality, LP, announced the signing of a new hotel in Hubli, Karnataka in India. This is the brand's second property in the state, strategically located in the heart of Hubli. TreeHouse Vedanta Price will open in November 2024 with 56 rooms, catering to both business and leisure travelers. The property will include banquet halls, conference room, all-day dining restaurant and more.

Aman unveiled plans for its first hotel in the Maldives, located in the Vavuu atoll. The Aman Maldives will have 52 guestrooms and 16 branded residences. The private island resort will offer standalone pavilion accommodations ranging in size from one to three bedrooms. Each will have a private pool. The property will have multiple dining venues and a beach club as well as private dining areas. The Aman Maldives will be home to an 8,655 square-foot spa on a separate island, featuring two private spa houses. Construction has commenced, and the opening date will be announced in the future.