Hong Leong Group's City Developments has set its buyout bid for Millennium & Copthorne at approximately £1.8 billion.
Ikos Olivia is named Top Mediterranean Resort currently in operation, as Club Med Marbella claims the title while still in development.
After a challenging trading period, Middle East & Africa hotels raked in $48.40 in gross operating profit per available room this past August.
Global hotel groups rushing to enhance Poland and CEE's hotel industry discussed the path to investment.
Capsule hotels, a $159-million market in 2016, are quickly regaining force in the global hotel market.
Singapore's hotel prices are predicted to rise by 3.2 percent, contributing to the Asia Pacific region's 3.5-percent rise in hotel prices.
Cindat Capital Management and Aprirose are in talks to acquire 50-percent stakes in the QHotels Group portfolio, worth more than $660 million.
Hotel groups are jumping on investment opportunities as Iran gears up to welcome over 20 million visitors by 2025.
Marriott's Four Points by Sheraton Bangkok Sukhumvit and Accor's Novotel Phuket Karon Beach Resort & Spa are up for sale as investors fight for…
Hotels in the Middle East and North Africa reported record revenue lows in July, but Europe held steady amid declining demand.