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InterContinental Hotels Group (IHG) has acquired premium urban lifestyle brand, Ruby, for 110.5 Established in 2013, the Ruby brand 20 th brand in the IHG portfolio currently operates 20 hotels (3,483 rooms) in major cities across Europe and has another 10 pipeline hotels (2,235 rooms).
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The brands current pipeline includes three under-construction hotels totalling over 600 rooms that are anticipated to open by mid-2026, with the prospect of significant additional growth across Marriotts global regions over the next decade. Europe, and Asia Pacific, including gateway cities like New York, London, Paris, and Rome.
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Marriott International has reached an agreement to acquire the lifestyle, select-service brand citizenM. At closing of the transaction, Marriott will pay $355 million to acquire the brand and related intellectual property. “I envisage this relationship will greatly enhance citizenM’s global reach and brand impact. .
Judi Blakeburn , brand director, Another Place , Watergate Bay and Beach Retreats [FC] With a career spent in hospitality marketing, Blakeburn is an expert on both the sector and the role of marketing in medium-sized businesses, and is a passionate advocate of the importance of brand and marketing at board level.
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InterContinental Hotels Group PLC (IHG) has announced the acquisition of premium urban lifestyle brand Ruby, its 20th brand, as it targets global expansion… Established in 2013, the Ruby brand currently operates 20 hotels (3,483 rooms) in major cities across Europe and has another 10 pipeline hotels (2,235 rooms).
That said, we remain confident in the resilience of our asset-light business model, the strength of our brand portfolio and our ability to adapt to evolving market conditions. We are excited about the momentum in our pipeline and the continued strong demand we’re seeing for our brands around the world.”
All three hotels reside in prime realestate locations within urban, high barrier-to-entry markets with strong demand drivers, according to the company. We are looking forward to bringing our vision and creativity to the ZaZa brand, building on what was started. The hotel has 166 rooms and 5,528 sq.
He brings nearly 25 years of experience in commercial realestate and hospitality investment to the organization, including evaluating and executing high-value transactions and conducting market analysis. He will also oversee operational analytics, as well as feasibility studies across branded and independent properties.
Located near Omonia Square, the project is being developed in collaboration with realestate partner Primetown Development… The launch marks Ruby Group’s first step into the Greek market, further expanding its presence across the Southern Europe region with a new Lean Luxury hotel in central Athens.
Terra and Turnberry , two South Florida realestate development firms, have secured $392 million in construction financing that will help advance the development of Grand Hyatt Miami Beach, an 800-room, 17-story property adjacent to the Miami Beach Convention Center.
BWH Hotels is expanding its footprint across the ditch with new development, partnerships and brand growth in New Zealand. The global hospitality giant has been concentrating on fostering relationships with New Zealand owned and operated brands to gain local insights into the region.
Operating in partnership with High Boy Ventures, a residential realestate development company, Placemakr Salt Lake City at Brix offers a blend of residential and hospitality-style stays catering to both short-term visitors and long-term residents.
This deal marks the 16th Windsor Aughtry development project awarded to Hospitality America, expanding the third-party management company’s portfolio in Northern Arkansas and bringing its number of managed hotels to 21 (14 of which are Hilton-branded properties). He added, “Hotel Avail will be unique.
The Germantown Chamber of Commerce hosted the ribbon-cutting ceremony, which featured comments from developer Spence Ray of McNeill Commercial RealEstate to an audience that included corporate clients, investors, the local community and representatives of the Memphis Convention & Visitors Bureau and the City of Germantown.
In the recently released China Construction Pipeline Trend Report from Lodging Econometrics (LE) , analysts report that the country’s total hotel construction pipeline, at the close of the fourth quarter, stands at 3,581 projects/675,074 rooms. Throughout 2022, there were 469 new hotels that opened in China.
The agreements include the first voco hotel in Belfast, Northern Ireland, which is set to open its door to the public later this year – the latest milestone for IHG’s fastest-growing premium brand which has a number of new hotels set to welcome guests throughout 2024 and 2025.
The Luxury and Lifestyle brand – IHG’s first Collection brand – will make its debut in 2027 with a 50-room hotel in the heart of the city, occupying the top seven floors of 45-storey Odom Tower. Odom Board Chairman and Founder of realestate developer ULS, Kim Leang Kean, said the hotel will be a further draw card to the city.
billion in 2023, with the first quarter of 2024 seeing hotel construction pipeline at an all-time high and record-high levels seen in the luxury, upper upscale, and upscale segments. Currently, we have 58 hotels trading and 47 in the pipeline. Hotel investment volumes in the region this year are projected to reach US$10.4
Hotel renovation and conversion pipeline activity, at the end of the fourth quarter of 2022, is at the highest totals Lodging Econometrics (LE) has ever recorded. Renovations and conversions account for more projects and rooms than those that are currently in the under construction stage of the new construction pipeline.
Together, theyll unpack how the luxury hospitality brand is scaling with precision, purpose and soul, offering rare insight into a growth model that balances global ambition with a deep commitment to boutique values.
Hilton has signed an agreement with Adventurous Journeys Capital Partners (AJ Capital) to acquire the Graduate Hotels brand, adding a significant growth opportunity in the lifestyle hotel market. With thousands of colleges and universities around the world, we believe the addressable market for the Graduate brand is 400-500 hotels globally.”
The Radisson RED brand is known for its playful twist on conventional hospitality and bold interior design. It combines an innovative upscale select-service model with service flexibility, creating operational efficiencies and unlocking realestate value as a result.
TORONTO — Clifton Blake, a real-estate investment and asset-management firm, has merged with Metropolitan Commercial Realty Inc., now re-branded as CB Metropolitan Commercial Ltd. (CB Clifton Blake offers the leading full-cycle solution for optimizing and managing real-estate assets,” says KC Daya, CEO of Clifton Blake. “By
Amenities include an onsite garage parking, meeting spaces and a fitness center mirroring the standards of the Mint House brand. All units are equipped with full kitchens with modern appliances, in-room washer/dryers, and living areas.
The hotel, which will be part of the JdV by Hyatt soft brand, is being developed by a joint venture between DSM RealEstate Partners and Garage Cap. Swinerton has been chosen as the general contractor for the construction of the Chambray Hotel, a five-story property in Roswell, GA.
Hyatt Hotels Corporation has revealed plans for the 168-room Thompson Palm Springs, which will mark the brand’s second property in California. Thompson Palm Springs will add to the growing number of properties within our Thompson Hotels brand portfolio throughout California and globally.
It is the brand’s first hotel in The Badger State. Jeff Lenz, CEO, NCG Hospitality, said, “At NCG Hospitality, our mission is to be recognized as a premier hospitality and realestate leader by our team members, guests, investors and communities. event room; and free WiFi.
Shifts in the real-estate market, such as declining demand for office and strata developments, have created a rare window of opportunity for hotel development. There are 22 projects currently in the development pipeline, representing approximately 4,200 rooms, which is encouraging.
The current portfolio comprises 546 rooms, and plans are in place to grow the pipeline with expansion projects and further acquisitions in prime European destinations over the coming years. Beaumier, owned by KSL Capital , consists of 12 lifestyle hotels located in France, Switzerland and Spain.
IHG Hotels & Resorts has opened the dual-branded voco Chicago Downtown and Holiday Inn Chicago Downtown – Wolf Point. Previously a Holiday Inn, the newly opened hotel underwent a full transformation to become IHG’s first dual-branded voco hotel and Holiday Inn property.
“We are excited to have him on the team, and we believe his expertise will allow Omni to further strengthen our unique owner-operator-brand position in the industry.” In this role, he led enterprise-wide financial performance and the new development pipeline.
RobertDouglas has, as exclusive advisor, represented The Mirbeau Companies , developer/operator of Mirbeau Inn & Spa resorts and the Mirbeau wellness brand, in arranging a strategic capital partnership with EPR Properties , a realestate investment trust (REIT) specializing in select experiential properties in the realestate industry.
Before joining Placemakr as the SVP, operations in 2022, he had more than a decade of experience working for retail brands including L’oreal, Kate Spade and Bonobos. Placemakr is partnering with AREA RealEstate to bring this product offering to the state of Texas.
IHG will collaborate on the new property with owner and developer ASI Diaz Doral Hotel Investment Group LLC (an affiliate of Miami-based residential and commercial realestate company ASI Global), architect Tony Rodriguez-Tellaheche and interior designer Kathy Kesler. The brand plans for upcoming openings in the U.S.
Worldwide: Hospitality realestate group PPHE Hotel Group has announced the inclusion of its lifestyle brand art’otel in Radisson Hotel Group’s portfolio. In May 2022, PPHE and Radisson announced a partnership extension which allowed both companies to leverage respective brand strengths across portfolios.
Co-founder Suzanne Mahoney explains: “Opportunities to experience physical products are shrinking as shopping moves online – but the hospitality industry offers huge potential for brands to tell their stories and reach their consumers… It’s the ultimate ‘try before you buy’ model”. Herein lies the potential value of digital twins.
The hotel was developed by Spence Ray and Mark Layne for McNeill Commercial RealEstate, with McNeill Hotel Company as property manager. McNeill Commercial RealEstate also developed the Hampton Inn & Suites Memphis/Germantown for the MHC portfolio. of ground-floor retail.
which is expected to add more than 9,000 rooms to Marriott’s portfolio by year-end and approximately 1,500 rooms to its pipeline. The Sonder pipeline rooms are anticipated to be added to Marriott’s system over the next few years. Marriott International Inc. has entered into a long-term licensing agreement with Sonder Holdings Inc.
The anticipated openings will feature approximately 4,400 rooms across eight of the company’s brands – The Ritz-Carlton, JW Marriott, Marriott Hotels, Westin Hotels & Resorts, Le Méridien Hotels & Resorts, Four Points by Sheraton, Aloft Hotels, and Courtyard by Marriott.
The brand was cofounded by Rick Hayduk, a hospitality veteran; Rich Davies, a third-generation realestate developer; and Dabo Swinney, Clemson University’s head football coach. The first Shepherd Hotel opened in downtown Clemson, SC, in September of 2022.
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