New World Development

City Express by Marriott announced the brand’s debut in the Asia Pacific region by way of Japan. Plus, more hotel deal and development news from APAC.

Minor Hotels unveiled Colbert Collection, a global soft brand debuting in Italy this spring and expanding to the UK, Spain, and UAE. Plus, more hotel deal and development news.

Dallas leads U.S. hotel construction with 193 projects, while Ghoman Hotels plans a $185M JW Marriott conversion in downtown Louisville.

Service Properties Trust sold five hotels for a combined sales price of $75.5 million. New World is selling the Rosewood London. And other hotel deal and development news.

Vietnam is expected to have 25 million tourists in 2025, up from 17.6 million last year, and it's been building hotels to keep up. Plus, other hotel development news.

Waterford Hotel Group and Maverick Hotels & Restaurants have merged in a strategic partnership. Together, they have 50 hotels. Plus, more hotel development stories.

India is poised to lead Asia Pacific's hotel market in 2024, with record-breaking hotel investments and signings, particularly in Tier-2 cities.

Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, is in discussions to lead a $400 million funding round for OYO Hotels & Homes Pvt.

STR said China hotel RevPAR the week ended 12/24  was down -21.9% year over year and down -38.9% versus the same week in 2019. Marriott International said its transformation of the Sheraton Hotels & Resorts brand  continues to build momentum across the globe. TFE Hotels  will launch into 2023,  opening three new-build hotels  in the first half. The  Adina Apartment Hotel Pentridge Melbourne  will open in Australia in February.