NH Hotel Group has planned to open a new nhow hotel in Frankfurt’s Europaviertel (European Quarter) in the exhibition center at the beginning of 2021.

Slated to open in the third quarter of 2018, the mixed-use project will include a newly built 357-room Courtyard hotel and a 147-suite Residence Inn.

The 91-suite property is owned by Las Cruces Hotel Partners and managed by Kana Hotel Group.

California's Big Sur will be home to North America's first Alila Hotels & Resorts property.

The joint venture with The Wardman Group purchased the 37-room Harbor Lights Motel and the 37-room Days Inn & Suites Key Islamorada.

Leonardo Hotels' presence in the UK will grow to seven hotels with 1,048 guestrooms, following a deal with Portland Hotels.

Total revenues and hotel franchising revenues for the second quarter increased 14 percent and 10 percent, respectively, compared to the same quarter in 2016. 

Prince Mohammed's Public Investment Fund will invest in a new project and begin partnership deals between the kingdom and international companies.