Accor agreed to sell its stake in Essendi, formerly AccorInvest, to a Blackstone-led consortium for up to 975 million euros. Plus, more hotel deal and development news.
Centara Hotels and PTT Oil plan six budget hotels at Thai service stations, while IHG debuts Garner brand in Greater China. 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.
IHG's Garner Hotels hits 100 properties globally while Wyndham's Trademark Collection surpasses 100 U.S. hotels, as JPMorgan favors C-Corps. Plus, more hotel deal and development news.
Minor Hotels is to launch its first ever The Wolseley Hotels property in New York in 2027, with Dubai earmarked for its second location. Plus, more hotel development news.
Hilton's Q4 beat expectations with $757M in buybacks as the Mauna Kea Beach Hotel unveiled its $180M+ renovation in Hawaii Island. Plus, more hotel deal and development news.
MCR informed partners it can't deliver its $200M equity commitment by the expected closing date for Soho House's take-private deal. Plus, more hotel deal and developmen news.