Egypt is leading the Africa’s hotel chain development pipeline in 2025, with 143 hotels and nearly 34,000 rooms under various stages of construction, up Read More
Hotel room revenues in Dubai increased by 4.68% last year to reach $4.93 billion, compared with $4.71 billion in 2023, according to data from the Department Read More
ABN AMRO, The Netherlands’s third largest bank, said that the Dutch restaurant industry, which has recovered in the last couple of Read More
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PE Firm Creador Acquires Controlling Stake in MG Group
Creador, a prominent private equity firm in South and Southeast Asia, on Thursday announced that it has acquired a controlling stake in Read More
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PIF Launches New Hospitality Firm to Meet Tourist Demand
As Saudi Arabia’s tourism sector expected to witness rapid growth in the coming years and over 80 internationally reputed hotels coming up Read More
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Marriott International to Open Three Hotels in Madinah
As part its support to the ongoing transformation of the Saudi Arabia’s tourism sector, Marriott International, Inc. has signed an agreement Read More
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KKR-Baupost Group JV Buy 33 Marriott International Hotels
Leading investment firms KKR and The Baupost Group have formed a joint venture to purchase a portfolio of 33 Marriott International hotels across Read More
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Partners Group Acquires Majority Stake in Spain’s BLUESEA Hotels
Acting on behalf of its clients, Partners Group, one of the largest firms in the global private markets industry, has acquired a Read More
Wyndham Hotels & Resorts has teamed up with investment firm Lafayette Square to unveil a $100 million fund to provide diverse hoteliers with improved Read More
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GFH, Infracorp and Kempinski Plan Harbour Heights Kempinski
Bahrain-based GFH Financial Group, a leading investment bank, in partnership with Infracorp, on Tuesday that they have signed with Kempinski to launch Read More
