According to the most recent Construction Pipeline Trend Report for the U.S. by Lodging Econometrics (LE), at the close of Q3 2023, the total U.S. construction pipeline stands at 5,704 projects/672,676 rooms, up 7% year-over-year (YOY) by projects and rooms. The hotel construction pipeline continues to grow at a moderate pace with current project counts 3% below and rooms 14% below the all-time … [Read more...]
Access Point appoints James Reivitis managing director, head of business development
Access Point Financial, a direct lender focused exclusively on the hospitality industry, has appointed James Reivitis as managing director, head of business development. “We’ve worked with James on several projects, and we’re thrilled to have him join our team,” said Ankur Shah, CFO, Access Point Financial. “James is highly respected throughout the industry, and his … [Read more...]
Revitalize Your Stay: Westin Hotels & Resorts Washington, DC Hotel Sets New Standard for Wellness Travel
The Westin Washington, DC downtown is poised to become a hospitality wellness leader with focus on holistic well-being experiences and the largest hotel fitness studio in DC. Westin Hotels & Resorts, part of Marriott Bonvoy's portfolio of over 30 extraordinary hotel brands, today unveils its latest offering in Washington, DC - Westin Washington, DC Downtown. After a nearly $80 million … [Read more...]
Bain Capital, Smith Hill Capital launch $1B private-lending platform
Bain Capital Special Situations and Smith Hill Capital, an affiliate of Procaccianti Companies, have formed a joint venture to originate debt and preferred equity to serve the financing needs of companies and assets in the hospitality sector. The platform launches with the objective of deploying $1 billion of gross capital over the next several years. The joint venture will initially focus on new … [Read more...]
Sandals unveils St Vincent site
Sandals Saint Vincent and The Grenadines will be the ninth Caribbean destination and 18th Sandals Resort for the group when it opens on the island of Saint Vincent at the end of March 2024. Brand firsts The resort is situated on a 50-acre site, offering a new island experience for guests with two-storey overwater villas, meandering rivers, and other firsts for the brand. Belonging to the lesser … [Read more...]
Sweden or Switzerland? Swedish tourist board launches campaign to explain the difference
They are both countries in Europe that begin with S and 120,000 people a year mix them up, Google searches show. Sweden’s tourist board has decided it is time to make it clear that the nation is not, in fact, the same country as Switzerland.According to Visit Sweden, the two countries are constantly being mixed up.To dispel confusion, the tourist board has launched a humorous new … [Read more...]
Handwritten Collection Debuts in Phuket, Thailand
Introducing the New Andaman Beach Hotel Phuket - Handwritten Collection: Pioneering, Modern and Authentic Hospitality in the Heart of Patong Beach. Accor, the largest hospitality Group in the Middle East, Africa & Asia Pacific, is pleased to unveil its first property under the Handwritten Collection brand in Thailand: Andaman Beach Hotel Phuket - Handwritten Collection. This charmingly curated … [Read more...]
Terra Unveils Plans for Mr. C Hotel & Residences in West Palm Beach
Douglas Elliman tapped to lead sales for the development's 146 branded residences. Construction is estimated to get underway in early 2024, with completion slated for 2026. West Palm Beach will soon welcome its first branded luxury real estate development. Terra, one of South Florida's most active real estate development firms, and the Palm Beach-based Morrison family's Sympatico Real Estate, … [Read more...]
Aspire continues development drive with new director
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Rosewood opens debut hotel in Germany
Germany: Luxury hotel group Rosewood Hotels & Resorts has opened its first German property located in Munich, housed in the former Bavarian State Bank. Rosewood Munich offers 73 rooms and 59 suites. Five signature suites provide a residential vibe with various options that can accommodate up to four bedrooms. Five food and beverage venues include the lobby lounge, a full-service brasserie, the … [Read more...]
Rosewood Munich: A Fusion of Timeless Elegance and Bavarian Culture in the Heart of the City
A harmonious fusion of historical charm and unforgettable experiences, the Rosewood Munich opens its doors and welcomes guests to explore the vibrant city. Source: breakingtravelnews.com … [Read more...]
New Saudi development reserves space for high end hotels
Ardara’s flagship destination will be AlWadi, in the country’s southwestern Aseer region, which is aiming to be a first of its kind urban lifestyle precinct for local and international tourists. High end hotel selection AlWadi is being developed according to PIF’s strategy to create experiences across the nation, in line with Vision 2030. In the heart of Abha, the destination will feature five … [Read more...]
Minor Hotels to Debut in Finland with NH Collection Helsinki Grand Hansa
Minor Hotels, an international hotel owner, operator and investor with more than 530 hotels in 56 countries in Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe, South America and North America, announces the upcoming launch of its first property in Finland – the five-star NH Collection Helsinki Grand Hansa – as part of its expansion plans in the … [Read more...]
Hurricane Otis batters Acapulco leaving almost a million people without power
The storm brought down power lines, damaged buildings and left almost a million people without electricity or communications. It is not yet known how many people have been injured. A day after Hurricane Otis roared ashore in Acapulco, Mexico, unleashing massive floods and setting off looting, the resort city of nearly 1 million descended into chaos, leaving residents without electricity or … [Read more...]
US: At least 22 dead in Maine shooting as police hunt for suspected gunman
Police say as many as 50-60 people were injured in two separate attacks at a restaurant and bowling alley on Wednesday making it the deadliest shooting in the US this year. A man opened fire at a bar restaurant and bowling alley in Lewiston, in the US state of Maine, Wednesday, killing at least 22 people, wounding scores more and throwing the state's second-largest city into chaos as … [Read more...]
Asian advances beckon for Novotel
The French-headquartered group’s latest figures state that there are 165 Novotels in its global pipeline, comprising 31,794 keys. Slow living concept The four star line is designed around the concept of ‘slow living’, giving both business and leisure travellers the opportunity to connect with family, friends, colleagues and themselves, while also taking time to unwind. Novotel hotels’ design and … [Read more...]
Russian President Putin oversees Russian nuclear test drills from Moscow
The upper house of the Russian parliament has voted to rescind Russia's signing of a 1996 international nuclear test ban treaty. The treaty was never ratified by the US, China, India, Pakistan, North Korea, Israel, Iran or Egypt. Russia's military conducted a simulated nuclear strike in a drill Wednesday overseen by President Vladimir Putin, hours after the upper house of parliament voted to … [Read more...]
The rebellion begins! 'The Hunger Games' stage adaptation coming in 2024
Break a leg! Actually, if you want the odds to be in your favour, probably best not. Get your Mockingjays out and start whistling!It has been announced that London's West End will host the first-ever stage adaptation of Suzanne Collins' novel and Lionsgate's blockbuster film franchise. The world premiere will take place in Autumn 2024.'The Hunger Games' is the latest in a growing trend of … [Read more...]
Israel carries out targeted raids in Northern Gaza
On Wednesday, Israeli Prime Minister Benjamin Netanyahu confirmed his country was preparing a ground invasion of Gaza, The Israeli army says it has carried out an operation in Northern Gaza in preparation for the next stages of combat.In a post on social media site X, it said IDF tanks and infantry struck "numerous terrorist cells, infrastructure and anti-tank missile posts."Soldiers are said … [Read more...]
Lava lamp inventors celebrate 60th anniversary with five new designs
As the lava lamp celebrates its 60th birthday, we take a look at the groovy history of this iconic piece of decor. A symbol of counterculture and psychedelia, the lava lamp was born in the swinging sixties, a year before Beatlemania burst forth. It quickly became a staple of university rooms and basements, casting its soft, mesmerizing glow around the world.The story goes that … [Read more...]