Accor opened its 800th hotel in China and plans to add 800 more in five to six years, focusing on midscale and premium brands. Plus, more hotel deal and development news.
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.
Barclays believes in the American exceptionalism thesis, expecting U.S. RevPAR momentum to override international weakness this year. Plus, hotel deal and development news.
Investment analysts say the Iran conflict's effects will be offset by continued optimism around U.S. tax refunds and a potential positive impact from the World Cup. Plus, hotel deal and development news.
IOI Properties Group plans to launch a real estate investment trust seeded with assets valued at about US$1.9 billion. Plus, hotel deal and development news.
Hyatt Hotels is actively looking at opportunities to introduce its The Standard and UrCove brands in India, including through the help of partners. Plus, more hotel deal news.