A Ritz-Carlton, Westin, and JW Marriott are among the properties Marriott plans to open in Nepal. Plus, more hotel deal and development news from APAC.
Lotte Hotels & Resorts is moving away from direct ownership of overseas hotels in favor of management contracts. Plus, more hotel deal and development news from APAC.
Some takeaways from Truist include that the hotel transaction market is finally showing actual signs of thawing, instead of being talked about. Plus, more hotel deal and development news.
Hilton announced the launch of Undergraduate by Hilton, a new upper-midscale brand developed to serve a broader range of college and university markets. Plus, more hotel deal and development news.
Choice Hotels Asia-Pac is adding two Ascend Collection properties in Australia through established owner-operators. Plus, more hotel deal and development news from APAC.
Sixth Street has acquired the Park Hyatt Beaver Creek Resort & Spa, a 193-key resort in Colorado, for $176 million from Braemar Hotels & Resorts. Plus, more hotel development news.
Developers are building a $150 million Sports Illustrated-branded riverfront resort in Tuscaloosa, with 161 units and roughly 12,000 square feet of restaurant and retail space. Plus, more hotel deal news.
Marriott International plans to open four new hotels in Vietnam in 2026 and expects to open more than 50 additional projects. Plus, more hotel deal and development news from APAC.