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One year on from the launch of Trilogy Hotels, the independent management company is rounding out 2024 with 13 hotels under management totalling over 2,500 rooms and overseeing $165 million in revenue. Add to that, a growing team of experienced hotel industry leaders. Tell us about how you all came together on this.
hotel industry maintains a steady development pipeline, though current activity reflects a more cautious approach amid near-term challenges. Hotel Construction Pipeline Trend Report, the total pipeline has expanded to 6,376 projects encompassing 749,561 rooms—representing a 5% increase in projects and 7% growth in rooms compared to Q1 2024.
Landmark WA hotel Hyatt Regency Perth is set to close its doors next month after 36 years in operation with its Singapore-based owner Tuan Sing Holdings Limited seeking to embark on a new hospitality direction.
MIAMI, Florida—Driftwood Capital announced the successful initial closing of its latest fund, Driftwood Florida Space Coast Portfolio, LP, focusing on the acquisition and development of existing and soon-to-break-ground hotel assets in Florida’s Space Coast.
Castle Peak Holdings , the investment firm behind the Trailborn hospitality brand, has closed on its second vehicle with total committed capital of $315 million raised over a four-month period. The post Castle Peak closes on $315M opportunistic vehicle appeared first on hotelbusiness.com.
TFE Hotels has signed a multi-property management agreement with New Zealand’s Heritage Hotels, which will see half of the Heritage portfolio refurbished and rebranded under the Adina and Rendezvous brands. Tang said Heritage Hotels will also benefit from TFE Hotels’ global distribution systems and centralised service model.
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. At the close of the third quarter, there are 1,185 projects/148,716 rooms under construction, marking an 11% increase in projects and a 6% increase in rooms YOY. The upscale chain scale follows with 1,407 projects/174,127 rooms.
The Veriu Group is making its mark in Australia’s apartment hotel landscape with over 3,000 rooms operating across 21 sites and a further 17 sites in development across both the Veriu Hotels and Suites and Punthill Apartment Hotels brands. This has, in turn, created enormous opportunity for hotel conversion.
EVT-operated Hotel Telegraph in Singapore is preparing to relaunch as a QT Hotels and Resorts property this September, marking the brand’s first location outside Australia and New Zealand. Since securing the management contract in December 2023, EVT has been operating the hotel at full capacity.
The hotel development pipeline across the Asia-Pacific, excluding China, region (APEC) continued its notable growth trajectory through the third quarter of 2024, according to the latest Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE).
Their attention to detail and ability to deliver a project of this scale on time and to such a high standard has been exceptional. With this refurbishment, we worked closely with the team at Accor Vacation Club to ensure every detail was thoughtfully executed.
Shaking up the mid-scalehotel market, Hilton has announced the acquisition of Graduate Hotels for a cool $210 million. Graduate Hotels, known for its youthful vibe and focus on local university connections, boasts 33 properties across the United States and United Kingdom.
“The transaction is aligned with our asset-light strategy and allows us to monetise our existing business and enhance recurring fee streams, supporting the continued growth of our franchised hotel network across Asia Pacific,” said Accor’s Chief Executive Officer Accor MEA APAC – Premium, Midscale and Economy Division, Duncan O’Rourke.
As seen in the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) , at the close of 2025s first quarter, the region’s total pipeline stands at 1,683 projects/247,472 rooms. LE analysts forecast a total of 355 new hotels/47,549 rooms to open by year-end 2025.
According to the latest China Construction Pipeline Trend Report from Lodging Econometrics (LE) , China’s total hotel construction pipeline remained stable at 3,779 projects/681,915 rooms at the close of the fourth quarter of 2024, showing minimal change year-over-year (YOY).
Hilton Laval, a flagship hotel of Groupe Hôtelier Grand Château, is about to undergo a full-scale renovation and re-branding. In March 2026, OMAGE, a distinctive boutique hotel in the heart of Laval, Que. An homage to Laval’s unique and evolving identity as a destination, OMAGE is more than just a hotel. LAVAL, Que.
Driftwood Capital has revealed the successful initial closing of its latest fund, Driftwood Florida Space Coast Portfolio LP, focusing on the acquisition and development of existing and soon-to-break-ground hotel assets along Florida’s Space Coast. With 111 launches expected in 2024, according to Florida Lt.
Accor’s French luxury brand Sofitel is set to expand and upgrade its network of hotels in Australia and New Zealand among 30 destinations globally in the coming years as the brand seeks to win favour with guests and owners 60 years on from its launch. “We It’s a powerful luxury brand. 26% of our Sofitel network is under renovation.
Forever challenging its own standard of excellence, Velaa Private Island will close for a month in September for a complete renovation of The Kids Club, known as “Lha Velaa”, or “Little Turtle” in Dhivehi. Inspired by the owners daughter’s imagination, the new area will bring everything a child could wish for.
As seen in the Q1 2025 Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total pipeline in the Asia Pacific region, excluding China, (APEC) stands at 2,074 projects/408,213 rooms, representing a 3% year-over-year (YOY) increase in projects and a 1% YOY increase in rooms.
Canary Technologies has closed an $80 million Series D round of funding to accelerate the company’s global expansion as a leader in hospitality AI. Through intelligent, enterprise-grade solutions, we’re helping hotels run smarter, deliver faster service and create more personalized guest experiences at scale.
The developer-friendly model offers a range of flexible monetisation options, allowing developers to scale and refine their innovations based on real-world use cases. With a single prompt, it provides instant guest insights, allowing hotels to generate guest briefings, track repeat OTA bookers and export data in seconds.
According to the recent Construction Pipeline Trend Report by Lodging Econometrics (LE) , the Asia Pacific, excluding China (APEC), hotel construction pipeline hit an all-time high at the Q4 2024 close, climbing 5% year-over-year (YOY) to reach record counts of 2,085 projects/412,358 rooms.
Accor’s French luxury brand Sofitel is set to expand and upgrade its network of hotels in Australia and New Zealand among 30 destinations globally in the coming years as the brand seeks to win favour with guests and owners 60 years on from its launch. “We It’s a powerful luxury brand. 26% of our Sofitel network is under renovation.
This has led to our Deputy Prime Minister declaring Fiji needs 5000 new hotel beds to cater for demand. The post Exclusive: Tourism Fiji CEO Brent Hill talks record results in a thriving market appeared first on Hotel Management. We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy.
As the brand expands to destinations such as Bali, Penang, Sydney and Frankfurt, Ascott has evolved the brand to deliver a “multifaceted hospitality experience” with flexible typologies that range from co-living accommodation and city hotels to full-service resorts. “In
Charlestowne Hotels has appointed Alicia Carr as VP, finance. She will lead financial operations across the company’s collection of hotels and food and beverage outlets, overseeing strategic planning, budgeting and performance analysis. Joining Charlestowne feels like a natural next step,” said Carr.
The Q1 2025 Hotel Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE) reveals that at the close of Q1, the hotel construction pipeline in the region increased to 634 projects/158,656 rooms, up 4% by projects and 10% by rooms year-over-year (YOY).
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the second quarter, there are 6,095 projects with 713,151 rooms in the pipeline. At the close of the second quarter, there are 1,171 projects comprising 147,611 rooms under construction, marking a 10% increase in projects and a 4% increase in rooms YOY.
Lodging Econometrics (LEs) Q1 2025 Hotel Construction Pipeline Trend Report for China reveals that the construction pipeline stands at 3,704 projects/670,185 rooms, which is down slightly from the peak project total Chinas pipeline reached in Q3 2024.
The latest Lodging Econometrics (LE) data from Q3 2024 reveals unprecedented growth in Canada’s hotel development pipeline, with key indicators suggesting an expansion phase is underway. This disproportionate growth between project count and room numbers suggests a trend toward smaller-scale developments. increase in supply.
LAS VEGAS Choice Hotels International, Inc. Its upscale and above-brand portfolio grew rooms by 44 per cent last year and with more than 7,500 hotels worldwide, the company is leveraging its growing size to strengthen value for owners, helping to increase revenue opportunities, reduce operating costs and fuel long-term business success.
Projects in early planning also experienced significant growth at Q4 with a 19% increase by projects and 9% by rooms YOY, to close the quarter with 170 projects and a record-high 21,273 rooms. By chain scale, upper-midscale hotels dominate with 132 projects/14,039 rooms, representing 40% of the total projects and 32% of rooms in the pipeline.
“The hospitality industry is embarking on a long-overdue digital transformation, driven by hotels’ growing reliance on technology to deliver seamless and personalized guest experiences,” said Mackintosh. Hospitality Solutions is leading this evolution with a suite of purpose-built tools that empower hotels to thrive in a tech-enabled era.
Vision Hospitality Group is planning to have an active 2025 as it expects to open five new hotels, break ground on four hotels and complete renovations on four others. Additionally, the company has begun selectively seeking strategic partnerships with other hotel ownership groups.
Yet, despite the scale, much of the market still relies on on-premises property management systems. For RMS , the entry point was the budget and mid-scale segment a space less dominated by global tech giants and more open to change. But convincing large hotel chains to make the shift to cloud technology wasnt straightforward.
Radisson Hotel Group, Chief Development Officer, APAC, Ramzy Fenianos, spoke exclusively to HM about the group’s SEAP strategy. How has Radisson Hotel Group performed in the SEAP region over the last 12 months? What SEAP markets are a key focus for Radisson Hotel Group and why?
The future of AI in hospitality is no longer a distant realityit’s starting now, transforming how hotels communicate with travelers, drive direct bookings, and streamline key functions in daily operations. Its a strategic asset for hotels seeking to scale personalized service and optimize commercial performance.
Its mobile-friendly interface and intuitive setup empower lean teams to automate pricing decisions and scale operations effectively. Its mobile-friendly interface and intuitive setup empower lean teams to automate pricing decisions and scale operations effectively. GameTime is already in use.
Specialist hotel operating company, Resident Hotels , announced it has signed a franchise agreement with Marriott International to convert its four Sleeperz Hotels to the Four Points Flex by Sheraton brand. The portfolio of midscale hotels is purposely located in the epicentre of their cities and close to mainline rail stations.
Hunter Hotel Advisors advised on the sale of the Courtyard and Residence Inn Roanoke Airport. Less than a mile from Roanoke Blacksburg Regional Airport, these Marriott-branded hotels are close to the Roanoke Valley, the largest metropolitan area in the western region of Virginia.
The Cavendish Hotel in London is among the major refurbishment projects soon to get underway with the property set to become the first in the UK to join The Crest Collection when it relaunches in 2026. The post Creativity and innovation: how Ascott is redesigning hotels for the modern traveller appeared first on Hotel Management.
In the Q3 2024 China Hotel Construction Pipeline Trend Report by Lodging Econometrics (LE) , at the end of the quarter, China’s total hotel construction pipeline reached a record-high project count of 3,853 projects with 703,312 rooms, up 4% by projects and 3% by rooms year-over-year (YOY).
At the Q4 close, projects currently under construction stand at 946 projects/210,559 rooms, up 5% by projects YOY. Projects in early planning reached a record count at Q4, closing the quarter at 640 projects/127,918 rooms, up 20% by projects and 14% by rooms YOY.
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