Hotel Openings

🏨 In 2022, Tribeca's Fouquet’s New York debuted, becoming a celebrity hotspot. Developed by Joshua Caspi and APW Avenue Group, the hotel showcases a Parisian-New York blend with 97 rooms designed by Martin Brudnizki. The Barrière Group, a French hospitality pioneer, operates it. Construction faced challenges, including a 100-year lease and deep excavation. Revenue is boosted by amenities like Brasserie Fouquet’s and a private club. Plans include a 2030 Fouquet’s in Miami and potential locations in Aspen and Cabo San Lucas.

🏨 Olea All Suite Hotel in Zakynthos reopens on 1 May 2026, featuring a new outdoor pool and expanded wellness program. Located on the island's northeast coast, the 89-suite hotel includes a fitness centre, yoga shala, three restaurants, and two bars. Culinary updates feature guest chef collaborations. Managed by SWOT Hospitality, the resort offers excursions like private boat trips. Nightly rates start at €493 (£425). The company portfolio is valued at €600m (£518m) across Greece and Southeast Europe.

📈 Essendi's fiscal year 2025 revenue reached €3.428 billion, a 0.8% increase, amid challenging economic conditions. Fourth-quarter RevPAR grew by 4.4%, driven by strong Q2 and Q4 results. The hotel portfolio expanded to 87,199 rooms across 535 hotels, valued at €7.5 billion. Despite a decline in MICE events, geographic diversification in Europe bolstered performance. Strategic focus on discipline, resilience, and sustainability aims to maintain long-term growth and profitability.

🌴 Located in Olhos de Água, Algarve, Masana Algarve integrates 33 diverse accommodations with amenities such as pools and wellness areas, targeting long-stay tourists. Hyatt aims to triple its Portugal presence by 2027, focusing on all-inclusive and hybrid models. The expansion aligns with Europe's growing leisure market, with Portugal's hotel sector gaining international investor interest. Hyatt's strategic growth includes standardizing all-inclusive offerings and expanding its European footprint, particularly in Portugal, Spain, and Greece.

🏨 Virgin Limited Edition will open a 37-suite hotel near Marrakech in 2027, as part of a collaboration with Sazanes Immobilier. Located 25 minutes from central Marrakech, the hotel sits on a 10-hectare estate with an organic farm and features three restaurants, a speakeasy bar, a 40-meter swimming pool, and a hammam. Bookings start in September 2026. The first 22 rooms will open early 2027, with the remaining 15 suites by early 2028.