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Corinthia joins Kuwaiti group to acquire prime US hotel propertiesCorinthia Group, a major owner and developer of real estate and hotel assets across Europe, Middle East and Africa and US markets, has announced that it has teamed up with Kuwait-based Action Real Estate Company to acquire two boutique hotel p More… |
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Madinah's licensed hospitality facilities up 93pc in 2024Saudi Arabia's Ministry of Tourism has reported a remarkable 93% increase in the number of licensed hospitality facilities in the Madinah Region, reaching over 450 by the end of 2024. Madinah ranks th More… |
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GE to sell $1.4bn US hotel franchise loan portfolioGeneral Electric said it had agreed to sell GE Capital's US hotel franchise loan portfolio to a unit of Western Alliance Bancorp. The business, which includes outstanding loans of about $1.4 billion, provides real estate finan More… |
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St. Regis Doha set for grand launchLeading US hotel brand St. Regis is gearing up for opening of its first property in Qatar, the 336-room St. Regis Doha which boasts of spectacular sea views and personal butler service. The Doha hotel, being built as part of the Al Gassar More… |
