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Indonesia group partners with Spain's Melia in Malaysia project   15 Sep, 2015

Indonesia-based real estate group Podo Joyo Masyhur inked a deal on Sept. 10 with Spanish hotelier Melia Hotels International to build two luxury hotels in Malaysia for the Iskandar City project, in a move that will push forward the Indonesian company’s oversea expansion plans. The deal, which...More>>

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Vietnam: Land of opportunities, and challenges   14 Sep, 2015

Foreign direct investment (FDI) in Vietnamese real estate is experiencing strong growth in the past year, and hotel investment is riding that wave. In the first eight months of this year, FDI in real estate was up 58 percent year-on-year, accounting for 13.7 percent of total FDI inflows, according...More>>

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Millennium & Copthorne to expand in UAE with Deyaar Development   14 Sep, 2015

Millennium & Copthorne Hotels signed an MoU with Deyaar Development, a UAE-based real estate developer. The MoU will result in Millennium developing and operating new hospitality projects in the UAE for an estimate of 1,000 rooms.More>>

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How I learned to stop worrying and love the Chinese   14 Sep, 2015

For decades, U.S. presidents have stayed at the Waldorf Astoria in Manhattan when the UN General Assembly meets in September. But that tradition is set to end. And, while the U.S. won't give the real reason why, it's well believed that it's because the hotel is now Chinese-owned. Do they have...More>>

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Edinburgh's Crowne Plaza goes up for sale following Prima collapse   14 Sep, 2015

JLL Hotels and Hospitality Group has been appointed by joint administrators at AlixPartners to dispose of the 100-room property, which was among five hotels called into administration when Prima collapsed in May this year.More>>

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Swiss International Hotels strengthens Taiwan business   11 Sep, 2015

Swiss International Hotels (China) Group announced it has signed a franchise agreement with YOKO International Corporation of Taipei to develop their business in the Taiwan region. The agreement is part of the companies' shared strategy to build a solid presence in the Taiwan hospitality market...More>>

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Prince Alwaleed bin Talal's firm sells stake in Kenyan safari hotel   11 Sep, 2015

Kingdom Hotel Investments, the investment firm owned by billionaire Prince Alwaleed bin Talal, has announced the sale of its 75-percent interest in the Fairmont Mount Kenya Safari Club for $18 million. KHI will continue to be stakeholders in the property through its interest in the management...More>>

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As oil prices ebb, Middle East investors double down on real estate   11 Sep, 2015

As oil prices continue to tank, Middle East investors are focusing on real estate outside their home to prop up their balance sheets. Hotel assets are their biggest focus, accounting for almost 60 percent of spend in the first half of 2015. More>>

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Palazzo Versace Dubai developer turns attention to Europe and Asia   10 Sep, 2015

Enshaa, the master developer behind the Palazzo Versace resort in Dubai Creek, is currently exploring sites in Europe and Asia to develop more Versace-branded development. Palazzo Versace Dubai was launched in 2006 by Emirates Sunland Group, a 50:50 joint venture between Enshaa's subsidiary firm...More>>

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Dalata expects Ireland's Gresham hotel to go to market   10 Sep, 2015

Dalata chief executive Pat McCann said he expected the Gresham, currently owned by Precinct Investments and controlled by Nama, to be put on the market within three to four weeks. Precinct Investments, which is owned by builder Bryan Cullen, is the vehicle that was used to take the Gresham Hotel...More>>

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