Hotel Openings

🏝 CoralTree Hospitality now manages Poco Diablo Resort in Sedona, Arizona. The 137-room resort, to be rebranded as Outbound Sedona, will experience renovations including an enhanced spa, renovated rooms, and reimagined public spaces. It offers amenities like Willows Kitchen & Wine Bar, a heated pool, and 8,500 sq ft of meeting space. Nearby, guests have access to Sedona Golf Resort's par-71 course. CoralTree, founded in 2018, has over 35 properties and is a subsidiary of Lowe.

🏨 Accor partners with Technotun to launch Pullman brand in Yerevan, Armenia. Agreement signed at Yerevan International Hospitality Forum, 2024. Two projects: Pullman Residences Yerevan and Pullman Living Yerevan, expected to open by 2027, enhancing local hospitality offerings.

🏡 New Waterloo opened Albert Hotel in Fredericksburg, Texas on January 3. The company will launch Fidelity Hotel in Cleveland on January 27. The Albert Hotel, with 105 guest rooms, includes the historic Albertina House and offers dining, a spa, and event spaces totaling 3,600 sq ft. Michelin-starred Chef Michael Fojtasek leads The Restaurant at Albert Hotel. The Spa will open later in the week, featuring seven treatment rooms. Event capacities are up to 220 guests indoors and 90 outdoors.

🍗 Chef Johnny Lee launched Rasarumah in collaboration with Last Word Hospitality on November 24. Lee previously operated Side Chick and Pearl River Deli, which closed in February, in Los Angeles. Located in Historic Filipinotown, the restaurant occupies a former brassiere factory's ground floor. Rasarumah offers a 40-seat space with a menu featuring Malaysian and Southeast Asian cuisine, including dishes like rojak salad, satay skewers, and banana leaf steamed black cod. The design echoes Penang's cafes, and the wine list includes global selections.

🏠 Hyatt Hotels Corp. has introduced Hyatt Centric in Nepal, transforming Hyatt Place Kathmandu into Hyatt Centric Soalteemode Kathmandu. The hotel offers 153 guestrooms, over 8,600 square feet of event space, and two new dining venues: NOON and ZING Sky Pool Bar & Deck. The property features a redesigned lobby and amenities for modern travelers, aiming to weave Kathmandu's essence into every aspect of the guest experience.

🏡 Amy, a stay-at-home mom with 3 kids and Bryant, an unsatisfied engineer, bought 34 acres in Hocking Hills in 2018 for top dollar at $10,000/acre. They renovated a 1920s cottage on the property within four months at a cost of $120,000. They now rent it out to cover the mortgage, financed by a local community bank.

🏙 Shangri-La Group launches in Cambodia with a waterfront hotel in Phnom Penh's Koh Pich district, opened December 28, 2024. The 303-room Shangri-La Phnom Penh is part of a 228-meter tri-tower, one of the tallest in the city, offering views of the Mekong, Tonle Sap, and Tonle Bassac rivers. Interiors feature a mix of Art Deco, neo-classical, and Khmer styles. Facilities to include a large ballroom, infinity pool, and spa. Cambodia's hotel market is expected to reach $93.85 million by 2025. Shangri-La operates over 100 hotels worldwide.

🏖️ Minor Hotels is set to open NH Collection Alagna Mirtillo Rosso in Italy's Pennine Alps in March, catering to ski enthusiasts with its proximity to 150 kilometers of slopes in Monte Rosa Ski Hotel. The renovated hotel will feature 56 rooms, a wellness center with separate 300 m² adults-only and 400 m² family areas, offering pools, saunas, and treatment rooms. The NH Collection marks its 10th anniversary in Italy, increasing its Italian portfolio to 17 hotels, while Minor Hotels Europe & Americas has 60 Italian properties.

🏦 Singapore's Prima Asset Management partnered with Australia's Schwartz Family Co. to boost London real estate presence. Prima's hotel project in Paddington will see the Victorian-era hotel expand from 68 to over 80 rooms after renovations. Acquired in June 2024, financed by OakNorth Bank, the project is in collaboration with Capilon Group. Schwartz Family Co., with a portfolio of 15 hotels and over 4,300 rooms, invests in Prima's vision for sustainable hospitality. London, a top hotel investment destination, saw €2.6 billion in hotel deals in H1 2024, up 215% from H1 2023. Prima aims for another hotel acquisition by Q1 2025.