Accor Group, in partnership with Katara Hospitality, announced the opening of Rixos Gulf Hotel Doha. This hotel is a key milestone for the Rixos Hotels brand as it is the first 5-star All-Inclusive hotel in Doha.
IHG Hotels & Resort has announced the signing of a management agreement with the Owners of Carlton Al Moaibed Hotel in Al Khobar, in order to transform the hotel into Saudi Arabia’s first Vignette Collection Hotel. The new property will be refurbished and is scheduled to be rebranded by 2024.
Although current capital market terms are putting downward pressure on values, the full impact of these conditions is tempered by the expectation of a return to more favorable terms in the relatively near future. The opportunity to refinance in the near-to-mid term provides an equity investor with a return of a portion of their initial investment, which supports a lower blended discount rate—and higher value—than indicated by a weighted average cost of capital based on current mortgage terms.
Caska joined Hilton in 2014, serving as director of restaurants & lounges at New York Hilton Midtown before moving across town to Millennium Hilton New York One UN Plaza as director of food & beverage, hotel manager and most recently, general manager.
The Morrow Hotel, Curio Collection by Hilton, officially opens its doors today. The hotel acts as an anchor tenant for the neighborhood, featuring dining by Michelin-starred Chef Nicholas Stefanelli, nearly 12,000 square feet of meetings and events space to the heart of NoMa, one of the city’s fastest-growing creative districts.
Hotels.com analyzed average hotel rates in the app from July through January to pinpoint the two best times to take advantage of season-low lodging rates below $150 a night.
The first hotel for the SIRO brand will sit in the heart of Dubai's iconic One Za'abeel development. One Za'abeel is being developed by Ithra Dubai, a fully owned subsidiary of Investment Corporation of Dubai.