Development

Hotel CMBS Delinquency Down to Near Early Pandemic Levels

The Westin Hotel São Paulo expected to feature 187 rooms and suites in São Paulo's Itaim Bibi district

Bulgari Hotels & Resort announced that an agreement has been signed with owner and developer Gary Safady, for a new luxury resort in Los Angeles. The new Bulgari Resort, scheduled to open in 2025, is set to be the second Bulgari property in the US, following the opening of the Miami property in 2024. The Bulgari Resort Los Angeles is expected to be the twelfth property in the Bulgari Hotels & Resorts collection.

Accor and New Park Property Pte Ltd announced the launch of Pullman Singapore Orchard, a rebranded property occupying a prime location in the very heart of the Orchard Road shopping belt.

STR takes a look at how hotel supply has grown around the Summer Olympics during the past two decades. This provides an added layer to measure the impact from the most recent mega event in Tokyo.

New development will mark the second Arlington hotel for the company, adding 888 rooms and 266,000 square feet of function space

Brand to open in Bermuda, Mexico, Morocco, Aruba, China, the Dominican Republic, Oman and Qatar

voco Gangnam is located at the heart of Seoul’s energetic Gangnam district – one of its main tourist areas and economic hubs, renowned for its trendy restaurants, upscale and designer-brand shopping malls and nightlife.

A summary of European hotel transactions provided by HVS

Deutsche Hospitality and the Porsche Design Group launch a hotel concept and plan at least 15 hotels in metropolises right across the world