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Ladun Investment signs partnership agreement with Cheval Collection for the construction and operation of Ladun Cheval Living

Hospitality Net

Ladun Investment Company signed a partnership agreement with award-winning hospitality group, Cheval Collection featuring numerous contracts for the construction and operation of Cheval Ladun Living - a tower featuring luxury hotel apartments situated on King Fahd Road (near King Abdullah Financial Center) in Riyadh.

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Construction underway on 97-key Nu By Yoo hotel in Melbourne

Hotel Management

Construction is underway on DCF Property Group’s $180 million First Light development in Melbourne’s Domain Precinct, which will be home to branded residences and the first Nu By Yoo hotel in Australia. The post Construction underway on 97-key Nu By Yoo hotel in Melbourne appeared first on Hotel Management.

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Sonder to manage and operate New York City Property

Hospitality Net

(NASDAQ: SOND; "Sonder"), a leading next-generation hospitality company that is redefining the guest experience through technology and design, has partnered with Kalimian Equities to manage and operate the newly constructed property at 139 Orchard as The Merchant.

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OTO Development Promotes Dennis Mitchell to VP of Development & Construction

Lodging

SPARTANBURG, South Carolina—Dennis Mitchell has been promoted to vice president of development and construction for OTO Development. OTO Development, part of The Johnson Group, is a private hospitality company that develops, owns, and operates upscale select-service hotels throughout the continental United States.

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Hilton Breaks Ground on First Project H3 Hotel

Lodging

MCLEAN, Virginia, and KOKOMO, Indiana—Hilton announced the groundbreaking of the first Project H3 by Hilton hotel in Kokomo, Indiana, signifying the start of construction on its new studio apartment-style extended-stay hotel brand.

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NYC Extended Stay Forum Showcases Segment’s Resilience, Growth Outlook

Lodging

The inaugural Extended Stay Hotel Forum, held last Tuesday at the Union League Club in Manhattan, New York City, focused on development, ownership, and operation in the vibrant extended-stay segment, which comprises more than 51 percent of hotels currently being financed.

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Revival in hotel construction Australia-wide, Accommodation Australia reports

Hotel Management

Australia’s hotel industry has welcomed 20,000 new rooms and more than 200 hotels since the end of 2020, signalling a revival in construction in the wake of the pandemic. Hotel operators across the country – but particularly in our gateway cities – are seeing occupancies re-building to pre-pandemic levels. “We