As part of a franchise agreement with Amapa Group, a historic palace building will be converted into a hotel with 55 rooms.

Recognized brands from the world of fashion, health and retail are creating their own hotels. Will they succeed?

Nationwide Reality Investors owns the 135-room hotel, which is managed by Columbus Hospitality Management.

The 224-room hotel is backed by AJ Capital Partners, The Berger Company, MarketStreet Enterprises, Geolo Capital and ERG Enterprises.

IHG says it will be taking its wellness brand Even, boutique brand Indigo and its Kimpton brand to Australia and New Zealand.

Excessive supply and the sluggish global economy are impacting hotel investment in the country.

The former Metropolitan Athens Hotel will undergo a $15-million renovation, and the new Athens Marriott Hotel will have 366 guestrooms when it opens in 2018.

The portfolio—which covers 40 states—includes 280 select-service hotels affiliated with a range of global hospitality brands.