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.
The JW Marriott Ranthambore Resort & Spa in India marks Marriott’s 10,000th property worldwide. Plus, more hotel deal and development news from APAC.
CoStar expects demand growth to continue across all price points, with luxury outperforming and the high-end customer showing no pushback on higher ADRs. Plus, more hotel deal and development news.
Major hotel groups are betting a domestic tourism boom in India can withstand a broader consumer spending slowdown and stock market slump. Plus, more hotel deal and development news from APAC.
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.
Colliers expects the overall US lodging demand to grow at 1.3%, mostly on pricing power rather than occupancy. Plus, other hotel deal and development news.