OakNorth has completed a loan that will help Z Hotels turn an office into a 123-room property.
Developed by Suzhou Zheng He Investment Co., the new-build hotel is part of a mixed-use development that has an office tower.
Hotels in London reported supply growth of 2 percent to support demand growth of 4.6 percent year-over-year, with occupancy, ADR and RevPAR also on the rise.
Developers are racing to meet Dubai's goal of reaching 164,000 guestrooms by October 2020, but one leading player is set to sell five luxury hotels.
YTL Hotels & Properties has acquired a company that owns a Madrid hotel, which the Malaysian company plans to rebrand as an Edition.
The 151-room Hyatt Regency Tirana is expected to open in late 2019.
The Radisson Red Vienna is scheduled to open in 2021.
The SureStay Plus Hotel by Best Western Roanoke Rapids, N.C., and the SureStay Hotel by Best Western Phoenix Downtown are the newest to join the portfolio.
IHG has inked a management agreement with Acico Gulf Real Estate to turn the Nassima Royal Hotel into the Voco Dubai.
Naguib Sawiris reportedly invested more than $125 million to build the Silversands Grenada—and he's planning to open more.