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Boutique Tel Aviv hotel sells for more than $3 million   8 Oct, 2015

The boutique Alma Hotel in Tel Aviv was purchased by Rothschild’s Friends after high rent reportedly hurt the profitability of the venture.More>>

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Mövenpick to launch in Nigeria with conference center hotel   7 Oct, 2015

The company has signed a deal with Queen Amina Garden Ventures, a wholly owned subsidiary of Urban Shelter, a Nigerian property development company, to manage the 250-room Mövenpick Hotel and Conference Centre Abuja.More>>

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Will China help solve Russia's World Cup hotel shortage?   7 Oct, 2015

While Russia considers a range of solutions facing its possible lack of sufficient hotel rooms for the 2018 World Cup, China may be in a unique position to rush in and speed some international development along. More>>

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Belfast Telegraph building may become boutique hotel   7 Oct, 2015

The landmarked building, which would retain some historic elements, could be turned into a 45- or 69- room hotel if a proposed sale goes through.More>>

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Saudi Arabia to get six new Rotana hotels by 2017   6 Oct, 2015

The properties, which will be located in Riyadh, Jeddah, Khobar and Dammam, will create an additional 1,500 rooms and suites in the Kingdom.More>>

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London hotel on the market for more than £350 million   6 Oct, 2015

Savills and CBRE have reportedly been appointed to sell the Kensington Close Hotel, which was purchased 13 years ago from IHG.More>>

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Wyndham to open 50 Indian hotels by 2018   6 Oct, 2015

Today’s announcement of 10 new deal signings includes two conversions under the company’s Howard Johnson and Ramada Plaza brands with the Unique Mercantile Group. It also signifies expansion for the first time beyond India under the Ramada and Days Inn brands with Intraco Limited based out of...More>>

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Australia, Vietnam leading investment destinations   6 Oct, 2015

Solid business fundamentals and a weak currency have made Australia the top destination for hotel investment in Asia Pacific so far this year, with Japan and Vietnam the bright spots among East and Southeast Asian markets. Australia’s appeal has been boosted by strong and steady growth in Asian...More>>

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Hotel company to purchase central business district plot in Perth   5 Oct, 2015

GP Hotel Perth WA has been nominated to exercise the option to purchase the properties located at St Georges Terrace and Pier Street in Perth, Australia, which had originally been granted by the vendors to a third party.More>>

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Ethiopia to get new-build Hilton hotel in 2020   5 Oct, 2015

Hilton Worldwide has signed a management agreement with Sunshine Business PLC for the upscale Hilton Awassa Resort & Spa, Ethiopia, which is expected to open in 2020. Construction is set to begin later this year. More>>

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