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Swasti Sharma

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Marriott to Expand Luxury Portfolio in Peru with Two Hotel Conversions in Lima by 2028

📅 In 2028, Marriott International plans to expand its luxury portfolio in Lima, Peru, by converting two hotels. The JW Marriott Hotel Lima will transform into The Ritz-Carlton, Lima, and The Westin Lima Hotel & Convention Center will become JW Marriott Hotel Lima. This marks the second Ritz-Carlton in South America, highlighting Lima’s growing appeal in luxury travel. The new JW Marriott will enhance Paseo Begonias as a mixed-use destination, boosting Marriott's luxury presence in Peru.
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Kerzner International to Launch One&Only Resort in Courchevel 1850, French Alps by 2030

🏖 Kerzner International plans to open One&Only in Courchevel, the French Alps, in 2030. Located at Courchevel 1850 on the historic Courcheneige Hotel site, it will offer ski-in/ski-out access to the Bellecôte slope. The resort will feature guest rooms, suites, restaurants, bars, wellness facilities, event spaces, and private residences. Kerzner aims to enhance luxury hospitality in Courchevel’s exclusive market, continuing their global expansion following their Montana opening. Further details will be announced soon.
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Accor and Shoreline Group to Invest $300 Million in Nigeria's First National Hotel Platform by 2030

📈 Accor and Shoreline Group signed a Letter of Intent at the Africa Forward Summit 2026 in Nairobi to build Nigeria's first national hotel platform. Shoreline will invest $300 million to develop 10 hotels across eight cities, totaling over 1,200 rooms by 2030. This partnership will create about 1,000 jobs and includes a hospitality training academy. This project underscores Accor’s commitment to Nigeria, with a focus on talent development and enhancing Nigeria’s hospitality infrastructure.
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Aareal Bank Arranges €405.57 Million Financing for Pandox's 13-Hotel Portfolio Across Eight European Cities

💵 Aareal Bank AG arranged a €405.57 million financing for Pandox AB's 13 European hotel properties, totaling 3,458 rooms across eight cities, including Amsterdam and Vienna. The transaction, closed on March 31, 2026, supports Pandox's asset management strategy. Many hotels operate under long-term leases with NH Hotel Group, NUMA, and Radisson. Some properties have BREEAM “Very Good” or “Excellent” ratings, qualifying part of the loan as green financing. Pandox's portfolio is valued at approximately SEK 93 billion (€8.6 billion).
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Remington Hospitality Opens ONE|GT, a Luxury Hotel in Grand Cayman with Exclusive Small Luxury Hotels Membership

🏨 Remington Hospitality has opened ONE|GT, a luxury hotel in George Town, Grand Cayman, as the island’s only member of Small Luxury Hotels of the World. Developed by ONE|GT Hospitality Limited, it offers 97 condo-style suites and unique dining options, including Byū, the first rooftop restaurant with an infinity-edge pool. The hotel features a fitness center and event spaces. The strategy focuses on revenue and profitability through coordinated sales and marketing, catering to leisure, group, and business travelers.
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Stonebridge to Manage 179-Room Anthem Hotel in Los Angeles' Stadium District, Expanding Tapestry by Hilton Collection

🏨 Denver-based Stonebridge will manage The Anthem Los Angeles Stadium District, a 179-room Tapestry by Hilton hotel located in Inglewood, California. Situated along Century Boulevard, it's near the Intuit Dome, SoFi Stadium, Kia Forum, and YouTube Theater. The hotel features an outdoor pool, fitness center, event space, restaurant, and rooftop bar. Stonebridge aims to optimize performance using its integrated operating platform, enhancing revenue management and building long-term asset value.
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G6 Hospitality and Natson Hotel Group to Develop 18 Studio 6 Plus Extended-Stay Properties Across the U.S.

📍 G6 Hospitality and Natson Hotel Group signed an agreement to open 18 Studio 6 Plus properties in the U.S. Development starts this month, with the first openings in 2027. Studio 6 Plus, launched at G6’s convention in April, targets extended stay, with 60-80 rooms, full kitchens, and automated check-ins. Natson, with over 100 properties, currently operates 75 G6 hotels. Extended-stay RevPAR hit $78 in 2024, up 14% from 2019, as demand surged.
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OUTRIGGER Hospitality Group Opens 63-Suite Resort on Thailand's Phi Phi Island, Expanding to Fourth Location in Thailand

🏖 OUTRIGGER Hospitality Group opened the 63-suite and villa OUTRIGGER Phi Phi Island Resort on Phi Phi Island, Thailand, in Hat Noppharat Thara-Mu Ko Phi Phi National Park, accessible only by boat. Accommodations feature the Hilltop Ocean View Pool Villa, Beachfront Pool Villa, and Family Garden Villa. Dining includes Mala Kitchen and Edgewater Bar & Grill, while activities offer diving, eco-sensitive tours, and Thai classes. The resort emphasizes local materials and Urak Lawoi traditions. It's part of GHA DISCOVERY, linking to 35 million members in 100 countries.
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Red Roof to Launch First Canadian Property in Vancouver with 160-Room Red Roof PLUS+ by 2026

🏨 Red Roof is set to open its first Canadian location in Vancouver, British Columbia, by July 1, 2026, in partnership with Richmond Airport Enterprises Ltd. This involves converting the 160-room Travelodge Hotel near Vancouver Airport. The revamped Red Roof PLUS+ will feature a business center, fitness facility, hot tub, and indoor pool. Vancouver was chosen due to its leading hotel market trends and high RevPAR. The property will include modern amenities like 65-inch TVs and free Wi-Fi.
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IHG Hotels & Resorts Reports 4.4% Global RevPAR Growth and 7,000 Open Hotels in Q1 2026

📈 IHG Hotels & Resorts reported a 4.4% global RevPAR growth in Q1 2026, with average daily rate up 2.0% and occupancy up 1.5%. The company's net system size increased by 5.0% year-on-year, totaling 1,036,000 rooms. They opened 82 hotels with 14,900 rooms and signed 163 hotels with 21,400 rooms. IHG also completed $240M of its $950M share buyback program. EMEAA RevPAR grew 5.6%, while the Middle East declined by 2%.
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