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Deal making activity in the travel and tourism sector has been slowing this year. The sector recorded a 10.9% YOY decrease in the number of merger & acquisition (M&A), private…

The William Vale Hotel in Brooklyn has finally got a new owner, ending a long, fierce bankruptcy battle. The iconic towering, luxury lifestyle hotel in Brooklyn’s Williamsburg neighborhood has sold…

ICONIC LUXURY HOTELS NAMES SVP Iconic Luxury Hotels has announced that Francisco Macedo, the current general manager of Cliveden House and group operations director of Iconic Luxury Hotels, has been…

ACCOR ANNOUNCES FIRST MGALLERY IN THE CARIBBEAN: Accor has partnered with Terres de Légendes to announce the first MGallery hotel in the Caribbean. Whimsy Hotel & Spa Saint-Martin — MGallery…

JLL has arranged $575 million in financing for the Diplomat Beach Resort, a beachfront property located in Hollywood, Fla. JLL’s Hotels and Hospitality group represented the borrower, a joint venture…

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…