CoStar said Phu Quoc's hotel occupancy exceeded 90% in early 2026, closing the gap with Southeast Asian rivals Bali and Phuket. Plus, more hotel deal and development news.
Warburg Pincus will buy APG's 41% stake in Fleur Hotels and invest $106M for growth as Lemon Tree restructures into two platforms. Plus, more hotel deal and development news.
Kamah Hotels & Resorts has partnered with Wyndham Hotels & Resorts in a $70 million deal to develop four new hotels in Dubai and India, focusing on luxury and wellness hospitality under the Trademark Collection by Wyndham brand.
OYO is acquiring G6 Hospitality from Blackstone for $525 million, adding 1,500 U.S. and Canadian locations while keeping Motel 6 and Studio 6 brands independent.
Wyndham Hotels & Resorts will open their first luxury hotel in India next year in Udaipur, while expanding their presence in the country with more hotel openings and strategic alliances.