Breaking
news on deals, development, data and more.
Blackstone acquires 2 in Japan. Blackstone has
acquired a Ritz-Carlton resort in Okinawa and is purchasing another hotel on
the Japanese island in a deal worth about JPN 20 billion ($130 million),
according to a Bloomberg report. Blackstone acquired the 97-key Ritz-Carlton,
Okinawa from Okinawa, Japan-based Kanehide Holdings Co., and it will also
acquire the 162-key Kanehide Kise Beach Palace, which will undergo renovations.
Hyatt aligns with Venetian. Hyatt Hotels
Corp. and The Venetian Resort Las Vegas have signed a long-term licensing
agreement to make the Las Vegas Strip property bookable in the near future
through Hyatt channels. The licensing deal adds 7,000 rooms and 2.25
million square feet of meeting space to Hyatt’s inventory. The partners will
work together in the MICE and convention space to complement each other’s
strengths in group business. The Venetian is home to two all-suite hotels – The
Venetian and The Palazzo – and is in the process of completing a $1.5 billion refresh.
Hilton adds Conrad in Los Cabos. Hilton has signed an
agreement with Raleigh, North Carolina-based Parks Hospitality Holdings for a 175-key Conrad Hotels & Resorts hotel with private residences within OLEADA Pacific Living & Golf in Los Cabos, Mexico. It will mark the brand’s
debut in the Baja California peninsula.
High-profile add for Auberge. Auberge Resort
Collection has been selected by The Bastion Collection to manage The Woodward
in Geneva, Switzerland, beginning February 1. With just 26 suites, the hotel
includes Geneva’s only Two Michelin Star restaurant, L’Atelier Robuchon.
MB Signature Properties adds Orlando. Mérida,
Mexico-based developer MB Signature Properties is building the 199-key MB
Resort Orlando, a luxury hotel scheduled to open in the winter of 2028. The
resort will be built in front of Lake Bryan, about five miles from the Disney
Springs dining/shopping district.
New boutique in Louisiana. Puyallup, Washington-based
Sans Souci Properties, Hattiesburg, Mississippi-based The Thrash Group and
Lexington, Kentucky-based Tandem Hospitality Group are developing a new
boutique hotel in Lafayette, Louisiana. The 83-key Hotel Lafayette will be managed
by Tandem and is scheduled to be completed by summer 2026.
ART acquires in Liverpool. St Peter Port, U.K.-based
Alpha Real Trust Limited (ART) announces it has acquired a hotel in Liverpool
from an undisclosed seller for £6.5 million in a cash-only deal. The 100-key
property, built in 2005, is leased to Travelodge Hotels Ltd. with a 17-year
unexpired lease term.
WorldHotels adds 3 in Europe. WorldHotels, which is
part of Phoenix-based BWH Hotels, has expanded its presence in Europe after
adding three independent properties across the continent. The new additions for
the soft brand are City Hotel Gouda in the Netherlands ;The Flaner Hotel in
Warsaw; and Saga Hotel Oslo, Norway. WorldHotels has also added
more members in North American destinations, including Hotel Croydon in Miami
and Elm Hurst Inn & Spa in the Canadian province of Ontario.
Sofitel is coming to Vietnam. Accor is partnering
with Hanoi, Vietnam-based DOJI Group to develop the Sofitel Diamond Crown Hai
Phong, which is scheduled to open in 2026. The hotel will have 231 rooms and
180 serviced apartments and join two other Sofitel hotels in Vietnam.
Hilton to debut Waldorf in Bahrain. Hilton and Abu
Dhabi-based Al Sorouh Hospitality Development Real Estate has signed the
Waldorf Astoria Bahrain Bay in Manama, marking the brand’s debut in Bahrain.
The 120-key hotel is scheduled to open in 2028 and will be one of three Hilton
properties in Bahrain.
Accor adds 2 in Goa. Accor is partnering with Jaipur,
India-based Dangayach Group to develop two new luxury hotels in Goa. The
120-villa Raffles Goa Shiroda will be set on 27-plus acres and share a
beachfront club with the 56-plus-acre, 400-key Fairmont Goa Shiroda. Both properties
are scheduled to open by 2030.
New CC for Marriott in KSA. Riyadh, Saudi
Arabia-based alrajhi bank and Marriott Bonvoy are launching the Marriott Bonvoy
alrajhi bank Credit Card in Saudi Arabia. The new cobrand credit card will
provide benefits and rewards to travelers for their and experiences in Saudi
Arabia and across the globe.