KSL Capital Partners Takes Majority Stake in Soneva
Small private equity firm KSL Capital Partners took a majority interest in sustainable luxury hotel brand Soneva.
Darwin
Mandarin Oriental Refreshes Hotels in Hong Kong and Bangkok
The global hotel industry continues to expand, with IHG celebrating its 50th year in China while Mandarin Oriental plans a $100 million renovation in Hong Kong.
Minor Aims to Add 50 Hotels in India
Minor Hotels plans to open 50 new hotels in India over the next decade, focusing on luxury and upscale segments, while targeting specific opportunities in wellness, lifestyle, and historic venues, and emphasizing partnership-based management.
Tokyo Leads Asia with Record Occupancy and Rates
Notable are the predictions of 3% to 8% hotel rate hikes in 2024, with Asia leading in occupancy growth.
Accor's execution of management agreements for 69 properties across Asia, enhancing its portfolio with over 16,500 keys, is a major development.
The reopening of the Mandarin Oriental Singapore after a multi-million dollar transformation underscores significant refurbishment investments in the industry.
Mandarin Oriental's New CEO, Radisson's Deal With La Vie
Mandarin Oriental announced that Laurent Kleitman will be taking over for James Riley as group chief executive from September 1, 2023.
Radisson Hotel Group and La Vie Hotels & Resorts announced the signing of a Master Collaboration Agreement to add over 30 hotels to the Group’s portfolio over the next 10 years.
ONYX Hospitality Group has signed a business alliance agreement with Walton Asset Management Co., Ltd. to manage Shama Luxe Sukhumvit Bangkok .