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Merivale adds three hotels to Sydney portfolio   8 Oct, 2015

The new hotels are The Paddington (formerly The Paddington Arms); Newport Arms, purchased from Bayfields Hotel Group in March this year; and Queen Victoria Hotel. The purchase of the Queen Victoria Hotel is Merivale’s first foray into Sydney’s Inner West.More>>

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W Hotels expands into Egypt's Sharm El Sheikh resort region   8 Oct, 2015

Starwood Hotels & Resorts Worldwide will bring its W Hotels brand to Egypt in 2020 with the opening of W Sharm El Sheikh and The Residences at W Sharm El Sheikh. Owned by Tower Prestige for Hotels SAE, the hotel will be located at Nabq Bay in the resort town of Sharm El Sheikh, overlooking the...More>>

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Boutique Tel Aviv hotel sells for more than $3 million   8 Oct, 2015

The boutique Alma Hotel in Tel Aviv was purchased by Rothschild’s Friends after high rent reportedly hurt the profitability of the venture.More>>

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Mövenpick to launch in Nigeria with conference center hotel   7 Oct, 2015

The company has signed a deal with Queen Amina Garden Ventures, a wholly owned subsidiary of Urban Shelter, a Nigerian property development company, to manage the 250-room Mövenpick Hotel and Conference Centre Abuja.More>>

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Will China help solve Russia's World Cup hotel shortage?   7 Oct, 2015

While Russia considers a range of solutions facing its possible lack of sufficient hotel rooms for the 2018 World Cup, China may be in a unique position to rush in and speed some international development along. More>>

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Belfast Telegraph building may become boutique hotel   7 Oct, 2015

The landmarked building, which would retain some historic elements, could be turned into a 45- or 69- room hotel if a proposed sale goes through.More>>

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Saudi Arabia to get six new Rotana hotels by 2017   6 Oct, 2015

The properties, which will be located in Riyadh, Jeddah, Khobar and Dammam, will create an additional 1,500 rooms and suites in the Kingdom.More>>

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London hotel on the market for more than £350 million   6 Oct, 2015

Savills and CBRE have reportedly been appointed to sell the Kensington Close Hotel, which was purchased 13 years ago from IHG.More>>

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Wyndham to open 50 Indian hotels by 2018   6 Oct, 2015

Today’s announcement of 10 new deal signings includes two conversions under the company’s Howard Johnson and Ramada Plaza brands with the Unique Mercantile Group. It also signifies expansion for the first time beyond India under the Ramada and Days Inn brands with Intraco Limited based out of...More>>

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Australia, Vietnam leading investment destinations   6 Oct, 2015

Solid business fundamentals and a weak currency have made Australia the top destination for hotel investment in Asia Pacific so far this year, with Japan and Vietnam the bright spots among East and Southeast Asian markets. Australia’s appeal has been boosted by strong and steady growth in Asian...More>>

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