AHIP to acquire dozen Premium Branded hotels for $191 million

(adsbygoogle = window.adsbygoogle || []).push({}); American Hotel Income Properties REIT (AHIP) has agreed to acquire a portfolio of a dozen Premium Branded hotels for $191 million in a move to boost its geographic footprint in Texas and the Midwest. The 12 hotels have a total of 1,203 guestrooms and are located across the states of Minneapolis, More...

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By businessnewstoday On Monday, November 11th, 2019
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Parity Technology acquires hotel solutions provider Hotspot International

Hospitality technology company Parity Technology Solutions has acquired Hotspot International, a hotel solutions provider for an undisclosed price, in a move to bolster its position in the hospital technology industry. Hotspot More...

By Raghuram Kadari On Wednesday, September 25th, 2019
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Waldorf Astoria Hotels & Resorts debuts brand’s first resort in Mexico

Waldorf Astoria Hotels & Resorts, a hotel brand of Hilton, has opened its first resort Waldorf Astoria Los Cabos Pedregal in Mexico, expanding the brand’s portfolio in the Caribbean and Latin America. The More...

By Raghuram Kadari On Monday, September 23rd, 2019
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Louis Group to divest five Greek hotel assets to Blackstone for €178.6m

The Louis Group, a Mediterranean hotel group, has agreed to divest its five hotel assets located in the Greek Islands to Blackstone Real Estate Partners Europe for a total enterprise value of €178.6 million. The More...

By Soujanya Ravi On Sunday, September 22nd, 2019
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Drivezy strikes partnership to park rental vehicles at OYO properties

Drivezy, a Bangalore based rental scooter, bike and car company, has forged a partnership with OYO Hotels and Homes to station its rental vehicles at the latter’s properties across India. OYO Hotels and Homes More...

By Raghuram Kadari On Saturday, August 31st, 2019
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Mews secures $33m in funding, eyes expansion in US

Mews Systems, a cloud-based property management software provider based in the Czech Republic, has secured $33 million in investment in a Series B round to further speed up its expertise to transform how hotels More...

By Raghuram Kadari On Wednesday, August 14th, 2019
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Microtel by Wyndham to construct five new hotels with Moda prototype

Microtel by Wyndham has entered into a multi-unit agreement with Pete Patel, president and CEO of RevPAR Development, for five new hotels, expanding the brand’s growing pipeline. The new properties are built under More...

By Raghuram Kadari On Friday, August 9th, 2019
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Rixos Hotels to operate all-inclusive resort on Egypt’s Red Sea Riviera

Accor’s Turkish luxury hotel chain Rixos Hotels has signed an agreement to manage an all-inclusive luxury resort on Egypt’s Red Sea Riviera as part of its Middle East expansion strategy. Partnering with the More...

By Raghuram Kadari On Wednesday, July 31st, 2019
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Caribe Hilton hotel in San Juan reopens after $150m restoration

Caribe Hilton hotel in San Juan, Puerto Rico, which was damaged by Hurricane Maria in 2017, has reopened following the completion of work by project development consultancy Project Development Services (PDSI). Served More...

By Raghuram Kadari On Friday, July 26th, 2019
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StrikeForce launches Secure eTravelers cyber solution for hotels

US cybersecurity company StrikeForce Technologies has launched a new cyber solution called Secure eTravelers to protect the personal devices like computers and cell phones of hotel guests from hackers while traveling More...