Rendering of Kerten Hospitality's The Cloud7 Residence AlUla in Saudi Arabia Latest HITs: Kerten grows in KSA; Cordish deal in Louisiana; HGI to BangkokBy Jeffrey Weinstein | April 5, 2023Share The latest development and M&A news from around the world. Kerten grows in KSA. Saudi Arabia’s Royal Commission for AlUla (RCU) and the AlUla Development Co. (UDC) have chosen Kerten Hospitality to manage and operate a new facility in AlUla under one of the groups’ lifestyle brands: Cloud7. The Cloud7 Residence AlUla will be home to 150 serviced bungalows by the end of 2023. Cloud7´s vision is to create a unique and affordable community, led by local talent which will contribute to the mission of the Royal Commission for AlUla to create employment locally and to accelerate the development plans for AlUla (providing 5,000-plus keys within the destination by 2030) and position the region as a global tourism hub while preserving the heritage sites in the area. Kerten has 12 lifestyle brands and 11 operational projects, part of a global footprint of 50 projects across three continents and in key destinations: Egypt, Georgia, Italy, Jordan, the Kingdom of Saudi Arabia, Morocco, Kuwait, Turkey, the United Arab Emirates, etc. Kerten Hospitality´s operations in the Kingdom are tripling in 2023.Cordish moves into Louisiana. The Cordish Companies, Baltimore, Maryland, has agreed to acquire Diamond Jacks Casino & Hotel in Bossier City, Louisiana, with the intent to work with Foundation Gaming & Entertainment to redevelop the property, which has been closed since March 2020, into a Live! casino resort and entertainment destination. The project will include the construction of a land-based casino to replace the existing casino riverboat. The company currently has over $1 billion under construction adjacent to its Texas Live! development in the Arlington Entertainment District in North Texas, along with new developments in Florida, Alabama, Georgia, North Carolina and Tennessee.Club Med out in Utah. Club Med will not develop its Utah mountain resort, which in 2021 was announced as the brand's first new all-inclusive in the United States in more than 20 years, according to Travel Weekly. Developer Snowbasin Resort's parent company, Grand America Hotels & Resorts, said that the decision to halt the project came as Snowbasin "felt it right to reassess the path ahead." Club Med also stated it still plans to pursue a return to the U.S. market with a year-round resort.ELLE to Amsterdam. Dutch developr Extendam has signed a deal with Black Label Hospitality to operate what will become after a renovation the first Dutch Maison ELLE-branded hotel in Amsterdam. The transaction is being financed by a debt from the Dutch bank ABN Amro. ELLE magazine opened its first lifestyle Maison ELLE hotel in Paris in 2022. Valotel is the master licensee of ELLE Hospitality for Europe, China and Southeast Asia.HGI to Bangkok. Hilton has signed a franchise agreement with Siamese Asset PCL for the 224-room Hilton Garden Inn Bangkok Ram set to open in 2025. The hotel will be part of a mixed-use development in the Ram-Intra - Khan Na Yao neighborhood, home to several key international schools and medical institutions.McKinsey offers staffing solutions. McKinsey has published a report identifying three staffing practices to help overcome staffing issues and restore service. The article highlights the value of adopting a flexible and agile staffing model that aligns with dynamic demand. Among the suggested innovations: using standardized, activity-based metrics to forecast frontline coverage needs; redesigning roles to combine jobs; and creating job networks across properties. Click here to read the full report.HGI sells in Tampa. Hunter Hotel Advisors announced the sale of the 152-room Hilton Garden Inn Tampa East Brandon, Florida. MIG Real Estate sold the property to Mike Desai and Bruce Patel for an undisclosed amount.