Latest HITs: Fattal loan for UK; Hyatt adds in Bulgaria; IHCL grows Vivanta

Fattal loan for Brighton hotel. Fattal Hotel Group, Tel Aviv, has secured a £43.7 million loan from lender Leumi UK to finalize its $72 million acquisition of the 210-room Grand Brighton Hotel in the U.K. The company is planning an extensive renovation of the property, which will join its other U.K. properties, including the Midland Manchester Hotel and the Dilly Hotel in London Picadilly.

IHCL growth. Indian Hotels Co. Ltd. signed a 160-key Vivanta-branded hotel in New Gurugram, Haryana, India. The Brownfield project will be a part of a mixed-use development. There will be over 650 square meters of meeting space featuring a large ballroom and meeting rooms.

Rotana adds in KSA. UAE-based Rotana signed in Saudi Arabia four Edge by Rotana and one Rayhaan by Rotana property in partnership with Memar Development & Investment, one of the companies paving the way for real estate development in the hospitality and entertainment sector in the Kingdom of Saudi Arabia. The new hotels will add 618 keys to Rotana’s portfolio across the Kingdom. This is in line with the group’s target of adding triple the number of rooms it currently runs in the Kingdom to 6,000 over the next four years. The new Edge by Rotana properties will be interconnected.

Marriott dividend. Marriott International announced that its board of directors declared a quarterly cash dividend of 52 cents per share of common stock, which represents a 30% increase over the previous quarterly dividend amount of 40 cents per share and reflects the company’s earnings growth and strong cash generation. The dividend is payable on June 30, 2023, to shareholders of record as of the close of business on May 26, 2023.

Hyatt Inclusive Collection growth. Hyatt Hotels Corp. has opened in Bulgaria the Secrets Sunny Beach Resort & Spa, Dreams Sunny Beach Resort & Spa, AluaSun Helios Beach, and Alua Helios Bay, representing the entry of the Inclusive Collection into a third European country, complimenting the existing presence of Hyatt’s all-inclusive resort brands in Spain and Greece. The new coastal properties bolster Hyatt’s brand presence in Bulgaria, joining the existing Hyatt Regency Sofia as well as Hyatt Regency Pravets Resort, which is slated to open later this year.