Apple Hospitality REIT, Inc. (NYSE: APLE) today announced the acquisition of the 234&room AC Hotel by Marriott Washington DC Convention Center for approximately $116.8 million, or $499,000 per key.
Source: hotelnewsresource.com
LE: APEC construction pipeline breaks all-time record
According to the Q1 2024 Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total pipeline in the Asia-Pacific region, excluding China, (APEC) reached a record-breaking project total of 2,021 projects/402,312 rooms. This new all-time high represents a 7% year-over-year (YOY) increase in projects and a 2% YOY increase in rooms. At the close of the first quarter, there are … [Read More...]
Oliver Hospitality names Chett Abramson president
Nashville-based hospitality development and management company Oliver Hospitality has appointed Chett Abramson as president. He brings three decades of senior leadership experience to the company, with his background in hotel, food and beverage operations. Previously serving as COO, Abramson played a pivotal role in Oliver Hospitality’s expansion and operational efficiency, according to the … [Read More...]
Hunter Hotel Advisors arranges sale of Boston-area hotels
Hunter Hotel Advisors has arranged the sale of the Hampton Inn Boston/Peabody and Homewood Suites by Hilton Boston-Peabody to Giri Bar Harbor Kebo Inc. and Giri Peabody 57 LLC, respectively. Hunter SVPs Spencer Davidson and Sophia Pittaluga represented the institutional seller. Offering a combined total of 205 keys, the two adjacent properties are positioned along US-1 near the intersection of … [Read More...]
Hyatt reports Q1 global RevPAR increased 5.5%
Hyatt Hotels Corporation, for the first quarter ended March 31, reported comparable systemwide hotel RevPAR increased 5.5% compared to the same period in 2023. In the U.S., RevPAR was up approximately 2%, excluding the impact of Easter. “The year is off to a great start with gross fee revenue reaching a record of $262 million in the quarter,” said Mark S. Hoplamazian, president/CEO, … [Read More...]
The George Hotel opens in Georgetown, SC
The Indigo Road Hospitality Group has opened The George Hotel, a 56-key boutique property in historic Georgetown, SC. The George represents milestones for both The Indigo Road and the city of Georgetown—it is the first hotel to open and operate on the city’s historic Front St. in more than 50 years, according to the company, as well as The Indigo Road’s first property to open in the company’s home … [Read More...]
Arabian Travel Market: Boutique Group showcases game-changing ultra-luxury concept
Boutique Group, a pioneering ultra-luxury hospitality group fully owned by Saudi Arabia’s Public Investment Fund, marks its first independent participation at the Arabian Travel Market (ATM), one of the most significant tourism industry events in the world. Source: breakingtravelnews.com … [Read More...]
Luxury hoteliers must prioritise authenticity, personalisation and guest experience
Industry professionals explored ways to stand out in the Middle East’s oversaturated luxury travel segment at Arabian Travel Market (ATM) 2024, which concludes today at Dubai World Trade Centre (DWTC). Panellists speaking during the exhibition’s luxury summit said authenticity, personalisation and the guest experience were among the key considerations for … [Read More...]
Gewan Hotels & Resorts announces portfolio expansion across UAE
Gewan Hotels & Resorts (GHR), a subsidiary of Gewan Holding, has announced the addition of three five-star hotels and two hotel apartment complexes to its portfolio. This announcement was made during the Arabian Travel Market 2024 (ATM), a travel and tourism event in Dubai. Source: breakingtravelnews.com … [Read More...]
Millennium set for debut 252-key Jeddah property opening
Global hospitality group Millennium Hotels and Resorts has announced that it is all set to open its inaugural five-star property in the Saudi city of Jeddah later this month. The unveiling of the 252-key Millennium Jeddah hotel, marks a significant expansion of the group’s presence in Saudi Arabia, further solidifying its commitment to the region Source: … [Read More...]
Accor introduces HERA – a new loyalty and rewards program for travel advisors
The new and enriched program provides access to 270+ Accor and Ennismore hotels and resorts across 11 remarkable luxury and luxury lifestyle brands including Orient Express, Raffles, Fairmont, Sofitel, SLS, Delano and more. Pascal Visaintainer – Senior Vice President Global Sales Luxury & Lifestyle, Accor talks exclusively to BTN in a video you can … [Read More...]