The Raleigh, one of Miami Beach’s most famous hotels, was sold by New York’s Michael Shvo after the developer spent years and millions of dollars attempting to restore the art deco icon.
City officials plan to appeal a court ruling that could scuttle or significantly delay a planned mixed-use redevelopment of the aging San Diego Sports Arena that is expected to include an entertainment district and more than 4,200 residential units.
Covivio has announced its financial results for the 3rd quarter. In this context, the group headed by Christophe Kullmann confirmed its 2025 outlook: recurring net income (adjusted EPRA Earnings) of around €515 million, representing an increase of around +8% on 2024 and +4% per share.
Hilton kicked off what promises to be a rocky earnings season for hotel companies by touting strong profitability growth amid a weak environment for travel demand and hotel revenue.
The theme of the 6th edition of BIG UP, held on October 14 at Comet Bourse (Paris2e), was: "Et si opérer ses actifs devenait incontournable". Over the course of an entire morning, speakers discussed the issue of operated real estate, a sector where value is measured not just in square meters, but in impact, flexibility and recurring income.
Outbound Hotels began with the intent to provide its guests with access to the great outdoors — while also elevating their trips with the experience and amenities of modern hospitality.
Schroders Capital, acting on behalf of several clients including Extendam, has sold a 4-star hotel located on Place Jean Rey in Brussels, in the heart of the European quarter. The hotel is the Aloft Brussels Schuman, offering 150 rooms, a bar, two restaurants, meeting rooms, a fitness room and a parking lot.
The hospitality industry has seen significant transformations over the past two decades, largely due to the rise of cruise tourism and short-term rental platforms such as Airbnb and Vrbo. While hotels once dominated the market for travelers and tourists, increasing competition from these alternative accommodations has reshaped demand patterns, pricing strategies and occupancy rates. Understanding how these industries influence hotel performance is crucial for hotel operators looking to navigate the evolving travel landscape.
Augur Group, the property investment and development company, has gained consent from North Northamptonshire Council to redevelop Pegasus Court Leisure Park in Kettering as an open storage site.
Already owner of two establishments in Provence-Alpes-Côte d'Azur - the Ibis in Aix-en-Provence and the Best Western in Aubagne - Kenatra Hospitality has acquired the Ibis Orange Centre hotel (3 stars, 72 rooms) and its integrated Courtepaille restaurant.
Eternam intends to double its assets under management and reach the €3 billion mark within five years. Jonathan Donio and Frédéric Maxwell, Deputy Managing Director and Assistant Managing Director respectively, talk about their plans.
MANCHESTER — With her retirement a few months away, Leeny Oberg, Marriott International’s chief financial officer and executive vice president of development, spoke at an industry conference, reflecting on her almost 40-year journey in the hotel and hospitality industry, including nearly 30 years at the world’s largest hotel firm.
As a team of project management professionals, we are often brought on board to assist investors as they look to plan and manage renovations of their select service hotels due to a brand-mandated property improvement plans. The success or failure of a capital project can be traced directly back to these early moments in a project timeline.