CAPE TOWN, South Africa — As global hotel brands have proliferated across the world via the franchise model, hotel experts in Africa view the continent as the final franchising frontier.
NEW YORK CITY — Now two years removed from devastating wildfires in West Maui, Outrigger Hospitality Group President and CEO Jeff Wagoner believes Hawaii is fully back, driven in part by efforts of the state's tourism authority.
Dual-branded hotels have been popular for more than a decade as the hospitality industry seeks to streamline operating models and cater to different guest segments.
Spanish hotel firm Spring Hotels Group acquired the 1,037-room Mare Nostrum Resort Tenerife from Brookfield Asset Management for €430 million ($506.7 million). Business advisory Colliers helped broker the off-market deal and called it the largest single-hotel deal in Spanish history.
CAPE TOWN, South Africa — Africa believes in the hotel business model of franchising, and Valor Hospitality Partners believes it's at the forefront of the trend across the continent.
Roughly two weeks after closing the deal to buy it, Hyatt Hotels Corp. will sell $2 billion in owned real estate from its recently closed acquisition of Playa Hotels & Resorts.
NEW YORK CITY — One of the hallmarks of Sonesta International Hotels since its transformation into a company more focused on franchising has been its owner-centric mindset, given its parent company Service Properties Trust was its biggest owner by far.
CAPE TOWN, South Africa — Africa’s population is set to boom between now and 2075, but if the continent’s hotel and room supply is to mirror that growth, hoteliers should probably think resorts, not urban hotels.
NEW YORK — Fresh off of the closed acquisition of Playa Hotels & Resorts and a new brand launch, Hyatt Hotels Corp. has growth plans for its loyalty program.
Hyatt Hotels Corp. has officially closed the $2.6 billion deal to acquire Playa Hotels & Resorts, an all-inclusive resort developer, owner and operators in key Caribbean and Latin American markets.
CAPE TOWN, South Africa — Dubai-based white-label management firm Aleph Hospitality has signed a deal with African Hotel Development to manage 26 hotels in 14 African countries under the Onomo brand family.
NEW YORK — Marriott International's Noah Silverman believes that 2025, so far, is best described as a "story of two quarters" when it comes to investor sentiment in hotels.