APA Group to Push Deeper into North America
APA Group's goal is to double its overseas hotel room count to 10,000 and increase revenue by more than 30% by fiscal year 2030. Plus, more hotel deal and development news from APAC.
W Hotels
Marriott and Hilton Stocks Hit Record Highs
Invel Real Estate secured a EUR 65 million UniCredit facility to expand its Yellow Square hybrid-hotel brand across Italian cities. Plus, more hotel deal and development news.
W New York Completes Final Chapter of Reopening
W New York - Union Square just opened a rooftop bar. Plus, more hotel deal and development news.
Sun Group and Marriott Sign Major Deal in Vietnam; Capstone and Marsden Merge
Sun Group and Marriott plan 10 new hotels in Vietnam, bringing W and Moxy brands to the country for the first time. Plus, more hotel deal and development news.
Hotel Groups Join Sun Group's Project in Phu Quoc
Accor, Hilton, and Marriott will operate multiple brands at Sun Group's $2.47 billion Phu Quoc resort complex, adding around 6,500 five-star rooms.
Armani Seeks to Scale Up Hotel Brand
The Armani Group announced a new joint venture to develop more Armani hotels. Plus, other hotel development news.
Memphis Finalizes $22 Million Purchase of Sheraton Memphis Downtown
The City of Memphis closed on the $22 million deal to buy the Sheraton Hotel Downtown. Plus, more hotel deal and development news.
New York City Hotel Is Sold for $125 Million
Dan Hotels expands into the U.S. market by acquiring New York’s NoMo SoHohotel for $125 million from Sapir Corporation, which has filed for insolvency.
Seibu Holdings to Buy Ace Group's Parent Company
Japan's Seibu Holdings will buy Ace Group International for $90M, acquiring the Ace Hotel brand and creative agency Atelier Ace. Plus more hotel deal and development news items.
W New York Union Square Reopens After $100 Million Renovation
W New York Union Square reopened following a $100 million re-imagination of its 256 rooms and facilities. Plus other hotel deal and development news.