Mandarin Oriental Hotel Group is set to go private as the controlling shareholder, Jardine Matheson, is in the process of acquiring the remaining 11.96%. Plus more hotel deal news.
Melia Hotels International has partnered with Urban Network Capital Group to launch its first U.S. branded residences in Miami. Plus, more hotel deal and development news.
Choice Hotels launches MainStay Suites in Australia with seven hotels planned, marking the brand's first expansion outside North America. Plus, more hotel deal and development news.
Kam Sang bought Edition Clocktower for $250 million while Cain acquired Dominick Hotel for $175 million in separate Manhattan deals. Plus, more hotel deal and development news.
Horwath HTL reported New Zealand hotel market grew 10.7% in RevPAR in September, the highest since December 2023. Plus, more hotel deal and development news.
Kimpton and Extell announced Kimpton Era Midtown New York, a 33-story hotel with 529 rooms opening March 2026. Plus, more hotel deal and development news.
Radisson Hotel Group plans to open eight new hotels in Uttar Pradesh, including the 108-room Radisson Prayagraj. Plus, more hotel deal and development news.
U.S. hotel transaction volume dropped to $4.3 billion in Q3, according to CoStar, with over half of deals under $10 million. Plus, more hotel deal and development news.
Events like Formula 1 and the Milken Institute’s Asia Summit push Singapore luxury hotel occupancies to 88% after sluggish first half. Plus, more hotel deal and development news.