Alila Sengokuhara Hakone is scheduled to open in 2028 as part of an agreement with Fujita Corporation. Plus, more hotel deal and development news from APAC.
Indonesia’s state investment agency has launched a plan to consolidate state-owned enterprise hotels under InJourney. Plus, more hotel deal and development news from APAC.
New York hotels see average daily rates rise 38% on World Cup match days. Marriott will exit W South Beach ahead of Reuben Brothers renovations. Plus, more hotel development news.
Scheduled to open in late 2027, W Apartments Cleveland will let renters sign as tenants of units at the Erieview Tower. Plus, more hotel deal and development news.
JLL said long-term owners are holding onto trophy properties, creating a tight luxury hotel investment market in Thailand. Plus, more hotel deal and development news from APAC.
CoStar expects demand growth to continue across all price points, with luxury outperforming and the high-end customer showing no pushback on higher ADRs. Plus, more hotel deal and development news.