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- ⚡ LuxUrban Hotels Announces Global Partnership with HotelRez
⚡ LuxUrban Hotels Announces Global Partnership with HotelRez
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LuxUrban Hotels has announced a partnership with HotelRez to enhance its Global Distribution Systems connectivity, extending its reach to over 500,000 agencies worldwide. This strategic collaboration aims to increase sales and broaden LuxUrban’s global market presence starting in late Q3 and Q4 of 2024. Read More.
Commonwealth Hotels has appointed Jon Gustin as VP of Operations, where he will oversee operational excellence and strategic growth. Gustin brings over 15 years of senior leadership experience, including roles at Placemakr, Blue Water Development, Dimension Development, TPG Hotels and Resorts, and White Lodging. Read More.
Kimpton Hotels & Restaurants has opened the new Kimpton Claret Hotel in South Denver's Belleview Station neighborhood. The 19-story boutique hotel features 190 minimalist guestrooms, a ground-floor Italian restaurant, and a rooftop bar, aiming to become a cultural hub in the vibrant area between Downtown Denver and Cherry Creek State Park. Read More.
Equinox Hotels has announced plans to open Equinox Resort Treyam in Magna, part of the NEOM development in northwest Saudi Arabia. The resort, set between the mountains and the Gulf of Aqaba, will feature luxurious accommodations, a 450-meter pool, world-class dining, a spa, and a signature Equinox Fitness Club, aiming to provide an unparalleled high-performance lifestyle experience in a stunning, undiscovered location. Read More.
A new City Council bill proposes that New York City hotels must obtain licenses to ensure safety and sanitation standards, requiring features like 24-hour front desk coverage and direct employment for core staff. While Council member Julie Menin argues that the measure will protect guests and employees, the hotel industry criticizes it as an indirect push for unionization and a threat to jobs and operations. Read More.
⚡In the first half of 2024, hotel transactions were slow due to high interest rates, but the market showed improvement in the second quarter. Notably, the $705 million sale of the Arizona Biltmore was the most expensive U.S. hotel deal this year. While the first quarter saw declines in deal volume and pricing, the second quarter experienced increases in both the number of transactions and total dollar volume, with a notable rise in deals for select-service and extended-stay hotels. Read More.
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