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Houston
hotel rebrands. The
Blossom Hotel Houston has joined Hilton’s Curio Collection. The hotel is owned
by Charlie Wang and will now be managed by Fairfax, Virginia-based Crescent
Hotels & Resorts.
RIU
reopening in Jamaica. Palma, Spain-based RIU Hotels & Resorts is ready to reopen all seven of its
hotels in Jamaica before the end of the year. The reopening is accompanied by
the return of charter flight operations from key markets such as Canada, the
U.K. and the Netherlands. Operation is currently being reactivated in phases.
The Riu Ocho Rios, located in one of the destinations least affected by the
storm, has remained open and has already recovered all its services. The Riu
Montego Bay reopened its doors on Sunday, and the Riu Palace Jamaica opens on
Monday. The four remaining establishments: Riu Reggae, Riu Negril, Riu Palace
Tropical Bay, and the Riu Palace Aquarelle have tentative opening dates
scheduled from November 30 to December 15.
JW
Marriott debuts in Portugal. Portugal-based Norfin is opening the first JW Marriott and
Missoni projects in Portugal. The forthcoming JW Marriott Residences at
Palmares in Portugal’s Algarve region is scheduled to open in early 2028.
Italian fashion house Missoni is also making its debut in Portugal with Aroeira
Collections by Missoni, a residential project with 138 hotel apartments and an
additional 40 apartments. The project has an anticipated total investment of
€200 million and includes two golf courses that will be Portugal’s first PGA
National golf courses following extensive renovations and rebranding in late
2024.
New
Social Hub in Scotland. A £200 million hospitality project is being developed at a former
brewery site in Edinburgh, Scotland. The project would see The Social Hub
expand its growing European footprint with a second U.K. hotel. The hospitality
group is in advanced negotiations for a plot of land at the former Fountain
Brewery site in the Fountainbridge area of the city, which has been vacant for
around 20 years. The project would include a new 560-key Social Hub with
extended-stay rooms and accommodation targeted at students.
New
IHG-branded residence in Bangkok. Bangkok, Thailand-based CG Capital Advisory Ltd. (CG
Capital) is partnering with IHG Hotels & Resorts on the 88-key
InterContinental Residences Bangkok Asoke, a THB 5.5 billion freehold
hospitality-branded residence located in Bangkok. The project is scheduled for
completion in the second quarter of 2029.
Centara,
NUO expanding in APAC. Bangkok-based Centara Hotels & Resorts and Beijing-based NUO
International Hotel Management Co. Ltd. recently signed an agreement to
collaborate on brand development and international expansion across China,
Thailand and Southeast Asia. The partnership introduces a two-way brand
licensing approach with NUO bringing its brands, such as Jianguo and Brilliant,
to Thailand and Southeast Asia and Centara introducing its brands, including
Centara and Centara Grand, to mainland China.
Metro
Hotels adds in Peru. Bogota, Colombia-based Metro Hotel is opening the $20 million, 120-key Hampton
by Hilton Cusco, its first property in the historic capital of the Inca Empire
and the brand’s third hotel in Peru. Hilton has more than 290 hotels in
operation and around 140 projects in development in the Caribbean and Latin
America.
New Swiss
hotel collection opening. A new collection of independent Swiss hotels, Seiler Constantin, is
launching with its first property, the 105-key Le Clay, opening in the summer
of 2026. Founded by hotelier André Seiler, Four Seiler Constantin hotels are
planned across Lavaux, Crans-Montana, Saas-Fee and Lugano.
Far East
Orchard expanding. Singapore-based Far East Orchard (FEOR) is scaling up its lodging platform with
a five-year plan to expand its asset-light strategy while eyeing strategic
disposal of its non-core real estate assets. The company announced it was
targeting S$3 billion in assets under management by 2030, up 50% from its S$2
billion core-asset goal for 2025. It also plans to expand to 25,000 hotel rooms
and 85,000 purpose-built student accommodation beds by 2030. The addition would
bring FEOR’s total lodging inventory to 110,000 rooms and beds, roughly a 50%
increase of its current portfolio. FEOR said it plans to deepen its
asset-management and fund-management capabilities, expand its lodging
portfolio, and allocate capital to priority assets while recycling out of
lower-yielding or non-core positions.
TUI Group
adds in Africa. Hanover,
Germany-based TUI Group is continuing its strategic expansion across Africa
with the addition of seven new hotels to its regional clusters. In North
Africa, four resorts joined the portfolio in November and the first TUI Blue
hotel in The Gambia has also opened its doors, strengthening the group’s
presence in West Africa. Looking ahead, two additional hotels are set to open
in Zanzibar by early 2026. The group is adding the 93-key The Mora Sahara
Tozeur in Tunisia; the 521-key TUI Magic Life Redsina Sharm el Sheikh in Egypt;
the 140-key TUI Blue Tamala in The Gambia; and the 211-key JAZ Amaluna, a
500-plus-key Riu Palace Swahili in Tanzania, in the coming year. With the new
hotels, TUI Hotels & Resorts in Africa will grow to 106 hotels with over
34,000 rooms in nine countries.
Oyo
Assets secures new funding. Oyo Assets, the hotel acquisition and development arm backed by Oyo’s
parent Prism, has secured 125 crore in a new funding round led by InCred and
supported by a mix of institutional and private investors. Also known as Sunday
PropTech, Oyo Assets focuses on acquiring premium and mid-premium hotels across
India. With this capital boost, Oyo Assets is targeting the acquisition of 12
hotels in the current financial year, with seven in advanced stages of
negotiation. The hotels will operate under Prism’s brand portfolio, including
Sunday Hotels, Palette Hotels, Townhouse and select U.S. brands.