management agreement
Ennismore Signs With ActivumSG to Open SLS Barcelona, the First SLS Hotel in Europe
ENNISMORE | April 11, 2022
NEW YORK - April 11, 2022 - Ennismore and ActivumSG Capital Management have signed a long-term management agreement that will bring Ennismore's lifestyle brand SLS to Europe for the first time, opening a 490-room hotel on the seafront of Barcelona in the second half of 2024. The 31,326 sqm development is next to the beach and fronts the marina on the northeast side of Barcelona's [email protected] district - the former industrial area revitalized under a major regeneration program. It is the last seafront plot in metropolitan Barcelona available for hotel development, with the main structural work scheduled to be completed in the coming m...
Hilton Expands Presence in Japan’s Cultural Capital With Signing of Hilton Kyoto
Hilton Hotels & Resorts | April 6, 2022
TOKYO, Japan and MCLEAN, VA - April 6, 2022 - Hilton (NYSE: HLT) today announced the signing of a management agreement with Tokyo Tatemono Co., Ltd. to launch Hilton Kyoto in 2024. The property will be Hilton’s first flagship-branded hotel in Japan’s cultural capital, a popular destination for both international and domestic travelers. “We are delighted to partner with Tokyo Tatemono Co., Ltd. to bring Hilton’s flagship brand to Kyoto. This is the third hotel development inked by Hilton in Kyoto, following the opening of ROKU KYOTO, LXR Hotels & Resorts last year, and Hilton Garden Inn Kyoto Shijo Karasuma which i...
Centara Signs With Chiangmai Riverside Plaza Hotel Co. to Manage Centara Riverside Hotel Chiang Mai
Centara Hotels & Resorts | April 6, 2022
Bangkok, Thailand – April 6, 2022 – Centara Hotels & Resorts, Thailand’s leading hotel operator and Chiangmai Riverside Plaza Hotel Co., Ltd. announce the signing of a Hotel Management Agreement (HMA) for Centara Riverside Hotel Chiang Mai. Senior management teams from the two companies officially executed the agreement at a signing ceremony held at Centara Grand at CentralWorld recently. The latest signing is the first following the announcement by Centara of its bold expansion plans, which will help the group reach its goal of becoming a top 100 global hotel operator within five years. Located next to Ping River close t...
Salter Brothers’ Recent Travelodge Portfolio Acquisition to Join Accor in 2023
SALTER BROTHERS | April 1, 2022
In one of Australia’s largest hotel management portfolio agreement deals for over a decade, Salter Brothers has announced that its portfolio of hotels, acquired as part of the recent Travelodge acquisition, will be joining the global hotel giant Accor at the start of the 2023 financial year. The management agreement, which includes an industry-leading link to ESG outcomes, will see its hotels (2000+ rooms) rebranded to ibis Styles, Mercure and Novotel hotels when they join the 340+ Accor network of hotels, apartments and resorts across Australia. Paul Salter, Managing Director of Salter Brothers confirmed that the signing was an excitin...
Oakwood Partners With A&D for Oakwood Hotel Cheongju in South Korea
Oakwood | March 23, 2022
SINGAPORE – March 23, 2022 – Oakwood® cements its leadership position among the world’s top serviced apartment brands with sustained expansion in South Korea. The signing of a management agreement for Oakwood Hotel Cheongju, in the capital of North Chungcheong province, will increase the brand’s footprint in South Korea to three properties, joining Oakwood Premier Coex Center Seoul in the capital and Oakwood Premier Incheon. In partnership with A&D Partners Limited, Oakwood will manage the 250-key property comprising 150 hotel rooms and 100 apartments at the city’s new Cheongju Millennium Town landmark, scheduled for openin...
IHG Signs With Al Rabea Hotels and Trading Co. for Holiday Inn Najran in Saudi Arabia
IHG Hotels & Resorts | March 9, 2022
IHG®Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a Management Agreement with Al Rabea Hotels and Trading Co. for Holiday Inn Najran – a conversion property in Najran city in the Kingdom of Saudi Arabia. The hotel is returning to the IHG family having operated as a Holiday Inn hotel from 1995 to 2015. With this signing, IHG is continues to diversify its portfolio in the country to cater to a new segment of travellers, while aligning with the government's growth plan for secondary cities across the Kingdom. The new hotel is expected to be fully rebranded by end of 2023, with completion...
Hyatt Unveils Plans for Hyatt Regency London Blackfriars
Hyatt Hotels Corporation | February 24, 2022
CHICAGO, IL – February 24, 2022 –Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Blackfriars Hotels Limited for Hyatt Regency London Blackfriars. Anticipated to open in July 2022, the 204-room Hyatt Regency hotel will join nine additional Hyatt-branded properties in London, marking another milestone in Hyatt’s ambitious brand growth strategy for the U.K. in one of London’s busiest districts. With global corporations, businesses and law firms calling the surrounding area 'home,' Hyatt Regency London Blackfriars will be intuitively designed with productivity in m...
Service Properties Trust Amends Management Agreements With Sonesta
Service Properties Trust | January 4, 2022
NEWTON, MA - January 4, 2022 - Service Properties Trust, or SVC, today announced that it reached an agreement with Sonesta International Hotels Corporation, or Sonesta, to amend their existing management agreements effective January 1, 2022. SVC currently owns 262 hotels that are managed by Sonesta and 68 of these hotels are expected to be sold, or the sale hotels. Among other terms, the changes to the agreements between SVC and Sonesta for 194 hotels, or the retained hotels, are as follows: The term for the retained hotels will expire on January 31, 2037 and includes two 15-year renewal options. All retained hotels are subject to a ...
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