New Riyadh megaproject treasures luxury hotel
Clare Nicholls
20 Apr 2023
A new 7 billion riyal mixed use development with a gemstone theme in Riyadh, Saudi Arabia will feature a luxury hotel onsite.
A new 7 billion riyal mixed use development with a gemstone theme in Riyadh, Saudi Arabia will feature a luxury hotel onsite.
Citadines, the aparthotel brand of CapitaLand Investment Limited’s The Ascott lodging business, will welcome at least US$1.2 billion worth of new sites, according to calculations from the THP database.
Mexican hotel group Pueblo Bonito Golf and Spa Resorts will unveil its new luxury brand with a site scheduled for San Miguel de Allende in November.
Accor has signed an agreement to open a new Mercure hotel în Chișinău, Republic of Moldova, under a franchise agreement with a local partner, Coriap SRL.
Hilton Worldwide has signed a management agreement for a new hotel in Jeddah, Saudi Arabia, as part of its strategy to rapidly grow its portfolio in the country.
Hyatt Hotels Corporation is planning strategic growth of its brand portfolio in Mexico, with new luxury and all-inclusive hotels and resorts that reinforce its commitment to thoughtful growth in key markets.
UMusic Hotels, a joint venture between Universal Music Group and Dakia U-Ventures, is planning a second site in Madrid, Spain.
IHG Hotels & Resorts has signed a new site for its luxury InterContinental Hotels & Resorts brand in Bursa, Türkiye.
Wyndham Hotels & Resorts has signed an agreement to launch the first Wyndham Alltra in Asia Pacific in the form of a moored luxury yacht resort.
US high end hotel supply is in rude health for the coming years, with a pipeline worth at least US$109.8 billion, according to the latest data from THP.
Accor has signed for its first Pullman Hotels & Resorts site in Montenegro thanks to a partnership with the Liko-Soho Group.
Our latest grand Project of the Week is a twin tower site that marries Italian design with Chinese tradition in Chengdu.
Independent hotel portfolio Aparium Hotel Group and private investor Rockbridge have teamed up to take over and renovate a historic property in Portland, Oregon in the USA.
IHG Hotels & Resorts has signed a management agreement with Jurmaz Hotels Company to bring a new voco hotel to the centre of Riyadh.
Marriott International’s premium brand, Autograph Collection, is continuing to go from strength to strength with its North American focus.
Accor has signed an agreement with hotel investor and owner Grathon Business for a Swissôtel Hotels & Resorts site in the east of the Czech Republic.
BWH Hotel Group, the parent company of the Best Western stable of brands, is expanding its global presence with upcoming new hotels in North America, Europe and Asia.
Spain-headquartered Meliá Hotels International is further heightening its presence across the Mediterranean with the creation of a new hotel in Montenegro.
IHG Hotels & Resorts’ upscale voco brand has reached the milestone of 100 opened or signed properties globally.
UK capital London remains a highly active premium hotel market, with more than US$5.6 billion of projects underway, according to current THP records.
Hilton Worldwide has signed an agreement to bring its Canopy by Hilton lifestyle brand to the Moroccan city of Tangier for the first time.
Accor has announced the signing of the Philippines’ first ever MGallery Resort, South Palms Resort Panglao Bohol, which is set to open in 2024.
Extended Stay America is teaming up with BASK Development to open eight new Extended Stay America Premier Suites sites throughout Florida, USA.
Our latest spectacular project of the week is the One&Only brand’s US debut with a remote luxury ski retreat in Montana.
IHG has signed an agreement with Arabella Group to open three hotels across its InterContinental, voco and Crowne Plaza brands in Egypt.
Marriott International has signed an agreement with Asset World Corporation to develop a Ritz-Carlton resort on the Thai island of Phuket. The property is expected to open in 2025.
Hotel management and development firm Highgate has teamed up with luxury resort owner Flynn Properties to acquire and restore an iconic San Francisco property.
Minor Hotels is expanding its Tivoli Hotels & Resorts brand in the Middle East region, with the upcoming addition of a property in Oman.
Hyatt Hotels Corporation’s upper upscale brand, Hyatt Regency, is headed east, according to the latest pipeline data from THP.
The signing of Mondrian Tulum Hotel & Residences follows on from the December 2022 launch of Mondrian Mexico City Condesa. The Tulum hotel is expected to open in 2025.
IHG Hotels & Resorts has had another year of solid growth, with its pipeline topping 281,000 rooms as at the end of 2022.
Rosewood Hotels & Resorts is to create a sustainable wellness sanctuary in Saudi Arabia’s Amaala development on the scenic Red Sea coast.
Marriott International’s Courtyard by Marriott brand is looking east to add to its global portfolio.
MGM Resorts International’s Borgata Hotel Casino & Spa in Atlantic City, USA, is embarking on a US$55 million redesign and rebranding.
One of the world’s largest waterparks, Tropical Islands resort near Berlin, Germany, is planning a 500-bed hotel onsite.
Mandarin Oriental’s Singaporean site is temporarily closing its doors to undergo a six-month transformation.
Nearly US$1.5 billion in premium hotel investment is heading to Ireland over the next few years, according to the latest THP data.
Accor’s Ennismore division is bringing its Mondrian brand to the UAE for the first time with a hotel planned for Abu Dhabi.
IHG Hotels & Resorts has signed a management agreement with Palau Coral Club to open a Hotel Indigo on Malakal Island in Palau.
Hyatt Hotels Corporation has entered into a multi-property collaboration with Be Live Hotels that will include the growth of the Sunscape Resorts & Spas brand in the Caribbean.
Our current luxury Project of the Week is Rosewood Hotels & Resorts’ dazzling conversion of a historic listed building in London, UK.
Egypt is heading the country table for hotel development across Africa, according to this year’s African Hotel Chain Development Pipeline report.
Radisson Hotel Group will introduce its Radisson Red brand to Thailand with a signing in Phuket.
A pair of Hampton Inn & Suites sites in the Carolinas, USA, is to receive a comprehensive facelift after changing hands.
2023 is seeing a more settled UK hotel investment market, according to the latest research from global property adviser Knight Frank.
Kasada Hospitality Fund has purchased the iconic Cape Grace Hotel in Cape Town, South Africa, with a view to bringing it under Accor’s Fairmont Hotels & Resorts brand.
IHG Hotels & Resorts and Asset World Corp Public Company Limited (AWC) have partnered up for the development of the newbuild Kimpton Pattaya in Thailand.
Wyndham Hotel Group is linking up once again with Playa Hotels & Resorts for the rebrand of a four star site in the Dominican Republic.
Munich-based Ruby Group is partnering with ECE Group to convert a former office building with a historical façade in Rome into its second Italian hotel.
Marriott International has signed an agreement with Rua Al Madinah Holding Company to open eight hotels in Madinah, Saudi Arabia.