Latest Posts Under: Hotel Industry News

AHIP to acquire dozen Premium Branded hotels for $191 million

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, Texas, Michigan, Pennsylvania, and […]

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 International provides turnkey solutions in Mexico, the US, Central America, and the Caribbean. The company is engaged in offering High-Speed Internet Access (HSIA) and […]

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 property formerly known as The Resort at Pedregal was acquired by affiliates of Walton Street Capital Mexico and rebranded as Waldorf Astoria […]

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 the brand’s Moda prototype design, which is expected to increase operational efficiencies, lower development costs for hoteliers and drive greater returns for […]

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 Eastern Company for Investment and Touristic Development, Rixos Hotels will takeover, renovate and relaunch an existing beachfront property as the Rixos Hurghada […]

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 as a social hub in Puerto Rico, Caribe Hilton was Hilton’s first property outside of the continental US, making Hilton the first international […]

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