The 508-room Marriott in Stamford, Connecticut, was purchased for $15 million, less than the $31 million when it last traded in 2018. Plus, more hotel deal news.
Small Luxury Hotels is betting on India’s hinterland - bold, given even the tourism ministry is looking to crack this. But if anyone can send global elites road-tripping through Himachal, it’s those who built a business on charming tiny hotels in the middle of nowhere.
Ascott is doing what global chains often preach but rarely practice: sticking to markets it actually understands. The company’s Asia-first strategy isn’t bold so much as obvious.
Hyatt Place Butwal opened in western Nepal with 109 guestrooms, marking the third Hyatt-branded hotel in the country. Plus, more hotel deal and development news for APAC.
Independent hotels are winning over travelers who crave authenticity, but scale still matters. The Set bridges that gap, giving small luxury brands global reach without sacrificing their individuality.
Wyndham will open the Baymont Kunming Wuhua in the heart of the Yunnan capital’s commercial center. Plus, more hotel deal and development news for APAC.
Hotels keep saying loyalty matters, but Accenture’s latest research suggests many brands in Asia Pacific still treat it like a dusty filing system for points rather than a living, breathing revenue engine.
Favorable holiday shifts year-over-year, the World Cup, and 250th-anniversary tourism could all support hotel demand in 2026, says Truist. Plus, hotel deal news.