Breaking news about development, deals, data and more.
Shinola to Indianapolis. Detroit-based Shinola will expand its hospitality footprint
with the opening of the second Shinola Hotel in downtown Indianapolis. The
170-room, 13-story hotel is being developed by Bedrock Manufacturing (Shinola’s
parent company), Sage Hospitality (operator of the Shinola Hotel in Detroit)
and Boxcar Development (an investment group led by the Herb Simon family, which
also owns Pacers Sports & Entertainment). Construction is expected to be
completed in 2027. The hotel is part of a $300 million development project
which will also house a 4,000-seat live entertainment venue at the
long-blighted corner of Pennsylvania and Georgia Streets in downtown
Indianapolis.
NLRB withdraws appeal. The National Labor Relations Board (NLRB) withdrew its appeal of a U.S.
federal court ruling blocking its joint-employer final rule. The rule would
have made it easier for the NLRB to declare joint-employment status in business
relationships and allowed unions to organize by company rather than property by
property. “Today marks a huge victory in our fight to
preserve the franchise business model for hoteliers across the country,” said American
Hotel & Lodging Association (AHLA) Interim President and CEO Kevin Carey. “The
NLRB’s decision to withdraw its appeal will provide our industry with the
certainty we have been asking for and protect the franchise business model that
has paved the way to the American Dream for tens of thousands of hoteliers. We
couldn’t have achieved this outcome without the support of our 30,000-plus
dedicated members, and AHLA stands ready to fight any further NLRB attempts to
change the joint-employer standard.”
Tivoli, NH to NW China. Minor Hotels (China) has signed a deal for a Tivoli and NH
dual-branded property in Yining, Xinjiang, China, marking the debut of the two
brands in Northwest China when the property opens in 2026. The project,
covering 1.6 million square meters, will include 200 guest rooms for each property.
Big investment in Indonesia. The Ministry of State-Owned Enterprises (SOEs) of the
Republic of Indonesia has entered into a partnership with UAE’s Eagle Hills to
invest up to $3 billion in Indonesia’s tourism ecosystem and infrastructure.
Key aspects of the collaboration include upgrading state-owned hotels to
international standards. The MoU will be effective for one year, with the
possibility of extension through mutual agreement. There is no fixed timeframe
for the $3 billion investment, allowing for flexibility in implementation. This
collaboration marks a milestone in Indonesia's efforts to attract foreign
investment and expertise to bolster its tourism industry, potentially reshaping
the country’s tourism landscape in the coming years. It is part of a broader
drive by the Ministry of SOEs to increase collaboration between Indonesian SOEs
and global companies to boost productivity and impact for Indonesia.