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Prima Asset Management, the Singapore-based private equity real estate company, has acquired a freehold hotel in London’s Paddington submarket. The acquisition was made through Prima’s VCC Investment Fund, managed by…

In 2005, the film director Eli Roth made a movie that gave hostels a really bad name. Putting the ludicrous plot and gory violence aside, “Hostel,” a film about two…

In a real estate cycle, not long ago, boutique hotel operators emerged to satisfy unmet guest needs for a non-commoditized guest experience. It was also an opportunity to convert and…

MARRIOTT’S LUXURY COLLECTION OPENS IN GERMANY: The Luxury Collection, part of Marriott Bonvoy’s portfolio, has forayed into Germany with the opening of Koenigshof, a Luxury Collection Hotel, Munich. Located neat…

Accor has joined forces with French luxury conglomerate LVMH to accelerate the development of the iconic Orient Express brand and speed up its revival. LVMH has entered into a partnership…

$200M CONSTRUCTION LOAN FOR HILTON’S HAWAII HOTEL: Civitas Capital Group, the Dallas-based alternative investment manager, has closed a $150 million senior loan to fund the construction of a Hilton hotel…

Ace Hotel Downtown Los Angeles has been revitalized to open with a new identity. The historic hotel located in downtown Los Angeles has been relaunched as STILE Downtown Los Angeles…

The wellness sector has been growing at an impressive rate, especially after the pandemic. Hotels have been quick to tap into the potential of wellness offerings and have ramped up…

CAPELLA UNVEILS WELLNESS RETREAT AT NEOM: Capella Hotels and Resorts will soon open its first coastal destination in Saudi Arabia. Located in NEOM at Elanan, one of Magna’s destinations, against…

The U.S. House of Representatives has passed the No Hidden FEES Act, helping to establish transparency in extra fees for travelers booking any type of accommodation in the U.S. Introduced…