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The Star sells Sheraton Grand Mirage Resort to family consortium for $192 million

Hotel Management

Global luxury resort liquidity is at an all-time high, as investors and operators are increasingly attracted to hotels such as the Sheraton Mirage, which addresses consumer preferences for more authentic travel experiences post pandemic. With a land area of 3.45

Resorts 264
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Crown Resorts CEO heralds ‘exciting new chapter’ under revamped brand

Hotel Management

“Our reimagined Crown brand presents an opportunity to build a culture and character that enriches our cities through tourism, employment, world-class entertainment, hospitality, retail, and dining experiences. Over the last two years, we have worked very hard as a business to set Crown on a path to fundamentally change for the better.

Branding 278
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AHLA: Hotels face rising costs and flattening growth

Hotel Business

Liselotte De Maar, managing director, global strategy lead for travel, Accenture, added, Hoteliers will welcome the opportunity to tap into consumers growing demand for travel and evolving opportunities to harness live sports and entertainment as an additional revenue generator. Hotels are also expected to generate a record of $30.14

Revenue 64
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NYU Conference: Marriott launches new midscale long-stay brand as segment grows

Hotel Management

He said the affordable midscale extended stay brand is intended to deliver reasonably priced modern comfort for guests seeking longer stay accommodations in the United States and Canada. Marriott has long believed in having the right accommodations in compelling destinations at the right price point,” Capuano said.

Branding 130
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SEQ Tourism and Hospitality Development Opportunity, North Lakes Queensland

Hotel Management

City of Moreton Bay Mayor Peter Flannery predicts the 17,200sqm site will provide economic development for the region through delivering a true mixed-use development with a variety of potential uses including, but not limited to, hotel accommodation, residential apartments, restaurants, retail, commercial and recreation facilities.

Tourism 130
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Paramount JV to bring Nickelodeon hotel to Orlando

Hotel Business

“Nickelodeon Hotels & Resorts Orlando is poised to set the standard for family vacations, seamlessly blending world-class entertainment with forward-thinking accommodation options,” said Mario Mathieu, SVP, business development, design and construction, Karisma Hotels & Resorts. “As the exclusive U.S.

Resorts 111
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Exclusive: inside Accor’s approach to elevate midscale and economy

Hotel Management

Camil Yazbeck, Accor Global Chief Development Officer – Premium, Midscale and Economy Division Globally, we are witnessing a consumer trend toward ‘premiumisation’ in all sectors – cars, airlines, dining, retail shopping, and so forth. Here in the Pacific region, two of our most popular brands include The Sebel and Mantra.

Branding 200