Myanmar's hotel and tourism sector has received foreign investment of more than $2.687 billion.

The new owner is transforming the shuttered Hotel Savoy into a 120-room boutique hotel with a contemporary art museum.

The Chinese company is seeking more mid-market hotels in India and is reaching out to "several hotel chains."

Rwanda had been seeking an investor to acquire the property for the past four years.

Room rates in Australia are growing, and hoteliers are snapping up assets in prime markets. 

The Threadneedles Hotel is also YTL’s second Autograph Collection hotel in the country.

The sale of the property drew 13 qualified offers from hundreds of interested investors.

Bidding is open for a hotel and hospitality-focused real estate portfolio in the Mariborsko Pohorje ski resort.