Accor to double presence in Saudi Arabia by 2027
Lauren Jade Hill
24 May 2023
Accor now has an impressive portfolio of 42 hotels in Saudi Arabia and another 56 property developments are underway across the kingdom.
Accor now has an impressive portfolio of 42 hotels in Saudi Arabia and another 56 property developments are underway across the kingdom.
The eclectic design-led Elkonin Tel Aviv is now welcoming guests in Tel Aviv’s Neve Tzedek neighbourhood following the reimagining of this historic property.
Fairmont Hotels & Resorts has signed The Mere in Cheshire as the fifth Fairmont property in the UK and Ireland.
Banyan Tree Group has announced the signing of its first property in Europe – Banyan Tree Varko Bay, which is expected to open in 2026.
Banyan Tree Group has revealed its progress in meeting the previously set target of doubling its global hotel portfolio, which spans 23 countries, over the next five years.
Accor and Georgian development company Archi are collaborating on the creation of the new skyline, 120-key hotel, Mövenpick Kobuleti in Georgia.
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Saudi Arabia is leading the pack in a lively and growing high end hotel supply market in the Middle East, according to the latest data from THP.
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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.
Accor has announced the signing of the Philippines’ first ever MGallery Resort, South Palms Resort Panglao Bohol, which is set to open in 2024.
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.
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Egypt is heading the country table for hotel development across Africa, according to this year’s African Hotel Chain Development Pipeline report.
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.
Accor’s Mercure Hotels brand is continuing its strong expansion in Romania with the signing of a site in capital city Bucharest.
Accor’s Ennismore division is bringing its recently-launched luxury strand, Maison Delano, to Asia with a planned site in Seoul, South Korea.
Fairmont will make its Thailand debut with the 2024 opening of the first hotel to be developed under a multi-property agreement, Fairmont Bangkok Sukhumvit.
Accor’s Ennismore division will debut its luxury Mondrian brand in Saudi Arabia thanks to a deal with developer Olayan Financing Company (OFC).
Accor has revealed a new flagship destination for its newest luxury brand, Emblems Collection, in Phu Quoc.
Saudi Arabian capital Riyadh is due to be transformed thanks to a megaproject which will encompass major hotel development.
For our latest Project of the Week, we return to a luxury New York City development which changed ownership and hotel branding in the last 12 months.
Banyan Tree Group has signed an MOU with La Quinta Real Estate Group to open the first Angsana Resorts & Spa site in Spain.
Accor’s continual hotel expansion is progressing apace according to the latest figures from its 2022 accounting.
French high end hotel developments have attracted more than US$2.5 billion in financing, according to the latest data from THP.
Accor has signed a deal with Grupo Paragon to operate what was formerly known as The Presidente InterContinental Santa Fe Mexico.
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Accor is expanding its portfolio in south east Europe with the signing of the first Swissôtel in Serbia.
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Accor has appointed a new senior vice-president development, Europe and north Africa for its economy, midscale and premium brands.
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Accor has made significant strides over the past year in expanding its presence in Eastern Europe and western Asia.
Accor’s premium Pullman Hotels & Resorts brand is continuing its Asian expansion, with particular focus on Greater China.
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At least US$1.2 billion of investment is boosting the Israeli high end hotel portfolio over the coming years, according to data from THP.
Our latest Project of the Week is a sumptuous five star Swissôtel resort taking shape on the Yokusbasi hills overlooking Bodrum, Türkiye.
Accor has introduced soft brand Handwritten Collection, with 13 global sites already on its books.
Sub-Saharan real estate private equity platform Kasada is to build the first internationally-branded hotel in the district of Angré in Abidjan, Côte d’Ivoire.
Accor is expanding its Fairmont Hotels & Resorts portfolio in India with the signing of a new 105-key luxury resort in Fagu, Shimla.
Accor is planning a new flagship destination for its latest luxury brand, Emblems Collection, at the West Lake of Hangzhou, a UNESCO-designated world heritage site in China.
Accor has appointed Omer Acar as CEO of its luxury Raffles Hotels & Resorts and Orient Express brands, with his role beginning on 1 March.
Accor’s four star hotel brand Mercure is continuing its development pace, adding to its international network of more than 900 hotels in over 60 countries.
Accor has signed its first Mercure property in Kathmandu, Nepal, with an expected opening in 2026.
Accor’s Ennismore division is planning two new hotels on the Spanish island of Ibiza, set to open in June 2023.
Accor is bringing another Grand Mercure site to Thailand’s capital after it signed a management agreement to rebrand an existing hotel.
Accor has signed a cooperation agreement with SRG Projects LLC to build a new Mercure in Khiva in Uzbekistan.
Major German city Munich is due to continue to top up its premium hotel provision in the next few years, according to the latest THP data.