Development

The Hotel has been acquired by an affiliated entity of Edgewater Group LLC (Edgewater) based in Naples, Florida.

Ennismore announced the signing of a Mondrian Hotels & Residences development in Tulum, Mexico, with Inzigna Capital. Mondrian Tulum Hotel & Residences will open in 2025 and be the second Mondrian in Mexico, following the opening of Mondrian Mexico City at the end of 2022.

IHG Hotels & Resorts continues the expansion of its Holiday Inn brand family in Southern Europe, as it signs 13 hotels and opens a further two, including a brand debut – Holiday Inn Express & Suites Portimão – and a market debut – Holiday Inn Express Sofia Airport in Bulgaria.

The Global Hospitality Group of Jeffer Mangels Butler & Mitchell LLP (JMBM) announced the completion of $172 million in C-PACE (Commercial Property Assessed Clean Energy) financing transactions for the year 2022.

The $20.75M non-recourse acquisition loan with a flexible floating rate priced over SOFR was provided by a portfolio lender to cover 73% of the overall total project costs.

YOTEL Debuts YOTELPAD in Europe with New Opening in Stratford, London

IHG Hotels & Resorts (IHG) today announced the first destination in the Americas for the reimagined Regent Hotels & Resorts on the beachfront of Santa Monica, Calif.

Weekly Hotel Industry Asia Pacific News Roundup from HVS

Renamed the MGM Tower, the new offerings will feature more than 700 completely reimagined guestrooms and add a collection of luxury Vista Suites located at the tower's corners with extraordinary wraparound views of the Atlantic City skyline.

Ennismor has reached a milestone in its branded residences business growth by signing its first standalone development in Dubai with SLS Residences The Palm Dubai with Roya Lifestyle Development LLC.