Subdued Tone Among Hotel REITs at Nareit Conference
Hotel REIT executives at Nareit showed caution due to transaction market weakness and uncertainty, with Truist citing stock frustration.
Ares Management
Marriott Opens First City Express Hotel in the U.S.
Marriott International is set to make an entry into the U.S. midscale hotel segment.
Minor Plans to Float a REIT in 2025
Minor International plans to reduce $7 billion in liabilities by launching a real estate investment trust, while expanding its global hospitality portfolio, including new ventures in Japan and Singapore.
China Expands Visa-Free Policy to More European Travelers
China has introduced a visa-free policy for citizens of 17 European countries, allowing short stays of up to 15 days to boost tourism and business travel until the end of 2025.
Marriott International Expands Canadian Pipeline
Marriott International has significantly strengthened its presence in Canada, experiencing a 36% increase in hotel-level leisure revenue in 2023.