The 1,921-room Hilton Union Square, the city’s largest hotel, and the 1,024-room Parc 55 are expected to be sold to an unidentified buyer. Plus more hotel and development news.
Chengdu has the greatest number of projects in China's total hotel construction pipeline, with 25,331 rooms under construction. Outside of China, India has the most hotel rooms under development (99,195 rooms) in Asia Pacific.
Braemar Hotels & Resorts Inc. has closed on the previously announced sale of the 369-room Marriott Seattle Waterfront in Seattle, Washington, for $145 million. Plus, other hotel news.
IHG Hotels & Resorts has surpassed one million open rooms across the globe, and reported earnings. Hyatt and Apple Hospitality also reported earnings. Accor might run an IPO for Ennismore. And other news.
Prestige Hospitality Ventures Limited received the Securities and Exchange Board of India's approval for its initial public offering. And more hotel and development news from Asia Pacific.
International expansion is gaining ground at Choice, with full control in Canada and rising overseas openings. Plus more hotel deals and development news.
OYO said they have recorded a 20% year-over-year rise in summer bookings in India, driven by family travel, religious tourism, and strong demand during long weekends.
Marriott International beat second-quarter expectations but did what most of the others have not been doing: lowered the 2025 RevPAR outlook. Plus more hotel deals and development news.