Swasti Sharma - 10 Minutes News for Hoteliers - Page 7

2 min

Banyan Group Enters U.S. Market with 88 Luxury Residences in West Palm Beach, Partnering with Mast Capital

🏠 Banyan Group enters the U.S. market with Banyan Tree Residences in West Palm Beach, featuring 88 luxury units, including penthouses. Collaborating with Mast Capital and Curated JCZM Development, the project involves OMA, Yabu Pushelberg, and Enzo Enea for design. Located downtown near CityPlace and Worth Avenue, amenities include a pool, wellness center, and exclusive access to 100+ global resorts. This marks a significant expansion for Banyan Group, highlighting West Palm Beach as a global residential destination.

2 min

Sofitel Launches First Branded Residences Project in Argentina with 43-Floor Complex in Buenos Aires Madero

🏠 Sofitel, in collaboration with Northbaires, is launching its first branded residential project in Argentina, the Sofitel Residences Buenos Aires Madero, expected by 2030. Located in Puerto Madero's Dique four, the development will feature 43 floors, 188 apartments, and 343 parking spaces. As Sofitel's third global residential project, it offers high-standard residences, blending French and local cultures, with luxury services. Accor One Living supports the project, enhancing the ultra-exclusive real estate market in Argentina.

1 min

Capstone Hotel Management and Marsden Group Merge, Forming New Zealand's Largest Locally Owned Hotel Platform with 45 Properties

🏨 Capstone Hotel Management and Marsden Group merged to form New Zealand's largest locally owned hotel management platform, overseeing 40+ properties nationwide. The merger combines Capstone’s management services with Marsden’s capital strength, managing five brands including Ramada and Wyndham. The new entity has 45 properties and 2,500+ rooms. Sajad Bassam was appointed CEO, while Clare Davies remains COO and board member. The focus is on strategic growth through acquisitions and partnerships.

COTERIE Collection to Launch First Hotel, LENSCAPE Coterie, in Porto with 41 Rooms by 2026

🏨 In 2026, the COTERIE Collection will launch the LENSCAPE Coterie boutique hotel in Porto, near the Fernandina Wall. Founded by João Pedro Tavares and Ingrid Koeck, it will feature 41 rooms with an additional 11 planned. Designed by Christian Haas, the hotel includes a garden, heated pool, and spa. The Italian restaurant, Cucina di Toscani, is advised by Michelin-starred chef Vitor Matos and executed by Carlos Marques. Photography by Luís Espinheira and Inês Silva Sá enhances the design.

2 min

Capella Hotels and Resorts Opens First Japan Location with Capella Kyoto in Historic Miyagawa-cho District

📍 Capella Kyoto opens in the Miyagawa-cho kagai district, Kyoto, Japan, marking Capella Hotels' first Japanese venture. The 89-room hotel, designed by Kengo Kuma & Associates, is near Kenninji temple. The development includes the Miyagawa-cho Kaburenjo Theatre and community center. Dining is highlighted by SoNoMa by SingleThread, partnered with the three-Michelin-starred Sonoma restaurant. Bookings begin March 22, 2026, with opening packages offering JPY 10,000-20,000 hotel credits.

2 min

Vinarosa Resort & Spa Joins Preferred Hotels & Resorts’ Lifestyle Collection in Sonoma County's Russian River Valley

🏨 Vinarosa Resort & Spa joins Preferred Hotels & Resorts’ Lifestyle Collection. Located in Sonoma County’s Russian River Valley, it features 78 rooms and suites on a 92-acre property. Guests enjoy private patios, fireplaces, and vineyard views. Amenities include a spa, outdoor pool, and dining venues like John Ash restaurant. Owned by Ensemble, the resort offers I Prefer loyalty benefits. Executive VP Kristi Allen highlights its blend of sophistication and wine country charm.

1 min

Avion Hospitality to Manage Hilton DFW Lakes, Expanding Portfolio to 40 Hotels Nationwide

🏨 Avion Hospitality will manage the Hilton DFW Lakes Executive Conference Center in Grapevine, Texas, expanding their portfolio to 40 hotels. Recently acquired by Highline Hospitality, the 397-room hotel is near Dallas/Fort Worth International Airport and offers over 60,000 square feet of meeting space. This strategic move enhances Avion's presence in the Dallas–Fort Worth metroplex, leveraging the area's business travel demand and connectivity.

2 min

One Beverly Hills Secures $4.3 Billion Financing for Mixed-Use Development Led by J.P. Morgan and VICI Properties

🏡 In 2026, One Beverly Hills secured a $4.3 billion financing package for its mixed-use development, led by J.P. Morgan's $2.8 billion senior loan and VICI Properties' $1.5 billion mezzanine loan. Spanning 17.5 acres, the project includes Aman Beverly Hills, retail, and hospitality spaces. Construction started in 2024, with phased delivery by 2028, generating $40 billion in local economic activity and creating over 2,700 construction jobs. Notable brands like Dolce&Gabbana and Casa Tua Cucina will join.

IHG and Harisons Sign Agreement for Crowne Plaza Resort Near Delhi, Scheduled for 2029 Opening

🏨 IHG Hotels & Resorts has partnered with Harisons Hotels for a new Crowne Plaza Resort in Gurgaon Sohna, NCR, opening Q1 2029. Located 70 minutes from Delhi Airport, it targets weddings, leisure, and corporate events. Crowne Plaza has over 400 global properties. The resort will feature 150 rooms, four dining venues, a health club, spa, pool, and event spaces, expanding IHG's presence in Southwest Asia.

2 min

Auberge Collection to Open Fifth Colorado Property, The Stockman, in Steamboat Springs by 2030

🏖 Auberge Collection will open The Stockman in Steamboat Springs, Colorado, marking its fifth Colorado property in 2030. The nine-story development will feature 59 guestrooms and suites, 95 private residences, and provide ski-in, ski-out access. Groundbreaking is set for 2026, with residential sales starting the same year. Designed by OZ Architecture, with interiors by Nunzio Marc DeSantis Architects, it will include three dining venues, a spa, and a pool. Residences range from one to five bedrooms, including 13 rooftop "Barn" units.

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