Development

Radisson Hotel Group the the signing of three new hotels on the Vietnam’s coastline.

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with H176 Reykjavík ehf, a fully owned subsidiary of Icelandic real estate company Reitir fasteignafelag hf, to open the first Hyatt branded hotel in Iceland.

The hotel, founded by Tonino Cacace, stands high above the Gulf of Naples and fully embodies the Italian Dolce Vita; with an authentic Capri style and sea views.

Mira and Warner Bros. announced today that the world's first Warner Bros. branded hotel – The WB Abu Dhabi – is currently in development on Yas Island, Abu Dhabi. Set to open in 2021, construction of the USD 112 million hotel is well underway and is now 40% complete.

BENCHMARK To Operate First Margaritaville Resort in TX-Margaritaville Lake Resort, Lake Conroe-Houston

Caesars Entertainment Corporation (NASDAQ: CZR) last week announced it has completed the previously announced sale of the Rio All-Suite Hotel & Casino to a company affiliated with Dreamscape Companies, which is owned and controlled by Eric Birnbaum, for $516.3 million.

Marriott International, Inc. (NASDAQ: MAR) announced that it has completed its acquisition of Elegant Hotels Group plc. The announcement from Elegant and International Hotel Licensing Company S.à r.l. was issued over London's Regulatory News Service earlier today.

Openings planned from Tokyo to Mexico City and Reykjavik to Melbourne

Accor and Huazhu will continue to develop their partnership and growth dynamic initiated 4 years ago, which has enabled the openings of 200 economy and midscale hotels in China, mainly under the ibis, Novotel and Mercure brands. An additional 250 properties in the pipeline are scheduled to open over the next 3 years.

Azerai Ke Ga Bay, a luxurious and secluded oceanfront retreat in southeastern Vietnam, is set to launch in early 2020 as the third property in Azerai Resorts' growing portfolio.