Dart Real Estate acquired The Ritz-Carlton, Grand Cayman, as well as nearly 3,000 acres of the nearby Dragon Bay.
Despite the additional 1,800 guestrooms, Dubai hotels reported RevPAR plummeted.
The property is the first AC Hotel in Texas and the first AC Hotel anywhere that brings together two Marriott brands.
Organic development efforts are not as effective as large-scale acquisitions for brand development, and industry fragmentation is going to lead to more big…
Onyx is set to develop and manage the first Yoo Asia hotels in Phuket and Bali.
The 159-room property is expected to open in 2019, directly across from the Massachusetts Bay Transportation Authority's Red Line T station.
The new property is going up in Davie, Fla., and is expected to open in late 2018.
Construction on the property began in September 2017, with a targeted opening date in second quarter 2019. HRI Lodging will manage the property.
Most phases of the renewal are already complete, with only the final guestrooms left to finish.
The winning design will be produced and featured at BDNY in November.