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.
The federal government sold Washington, D.C.,'s former Old Post Office building, now a Waldorf Astoria hotel, to BDT & MSD Partners. Plus, more hotel deal and development news.
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.
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.
Hotel Clark, a 1914 landmark in Downtown LA, returns this summer as a 348-room full-service lifestyle property. Plus, more hotel deal and development news.
Barclays believes in the American exceptionalism thesis, expecting U.S. RevPAR momentum to override international weakness this year. Plus, hotel deal and development news.
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.