portfolio expansion
Compass by Margaritaville, Brand’s Boutique Hotel Collection, Announces Expansion
Compass by Margaritaville | March 26, 2024
Orlando, FL (March 26, 2024) – Following the highly-anticipated opening in Naples, Margaritaville announces an expansion of the brand’s Compass by Margaritaville collection of boutique hotels. Offering the same lifestyle guests know and love in a smaller, more intimate footprint, openings include: Naples, FL (Opened March 2024) – The brand’s first conversion (formerly Staybridge Suites) and all-suite property with 119 suites in one of the Sunshine State’s most desirable locations, features an outdoor pool experience, live entertainment, cozy fire tables, multiple social gathering areas, a complimentary breakfast buffet,...
Radisson Hotel Group Targets 50% Portfolio Expansion in West and Central Africa by 2030
Radisson Hotel Group | February 29, 2024
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Marriott International Announces Robust Growth Across the Caribbean and Latin America in 2023
Marriott International | February 26, 2024
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BWH Hotels Prioritizes Growth and Development in Latin America
BWH Hotels | February 16, 2024
Phoenix, Arizona (February 16, 2024) As the hospitality industry in Latin America continues to see rapid growth, BWH Hotels is dedicated to expanding current offerings in the region through a series of new development projects in the pipeline. As a leading global hospitality company, BWH Hotels is comprised of three families of hotels – WorldHotels™, Best Western® Hotels & Resorts, and SureStay® Hotels. With properties all over the world, there are 19 brands across every chain scale segment, from economy to luxury, allowing BWH Hotels to strongly impact the hospitality sector in Latin America. Industry projections indicate a gro...
Marriott International and Delonix Group Announce Strategic Cooperation Agreement in Mainland China
Delonix Group | January 25, 2024
Collaboration includes opportunity to affiliate over 100 full service Delonix hotels with Marriott’s Tribute Portfolio Marriott International and Delonix Group, one of the leading China-based hospitality companies, today announced a long-term cooperation agreement under which the two companies will work together to grow Marriott’s Tribute Portfolio brand in mainland China. The Delonix portfolio currently includes ten hotel brands with over 1,400 hotels open or in the development pipeline. The parties anticipate that at least 100 properties could become part of the Tribute Portfolio over the coming years. Through this collaboration, Ma...
Hyatt Teams Up With Be Live Hotels to Expand Inclusive Collection in the Caribbean
Hyatt Hotels Corporation | March 15, 2023
CHICAGO (March 15, 2023) – Hyatt Hotels Corporation (NYSE:H) today announced a multi-property collaboration with Be Live Hotels that will include the growth of the Sunscape Resorts & Spas brand in the Caribbean. The deal is expected to expand Hyatt’s Inclusive Collection, which was introduced following Hyatt’s acquisition of Apple Leisure Group in 2021, by nearly 2,000 rooms. Two Be Live Hotels properties in the Dominican Republic, owned by Spanish hospitality company Globalia, will be renovated and transformed into Sunscape Resorts & Spas. The renovated hotels are expected to open in 2023, bolstering the family-friendly b...
Hyatt to Acquire Dream Hotel Group
Hyatt Hotels Corporation | November 29, 2022
CHICAGO (November 29, 2022) – Hyatt Hotel Corporation (NYSE: H) and Dream Hotel Group announced an agreement for a Hyatt affiliate to acquire Dream Hotel Group’s lifestyle hotel brand and management platform including the Dream Hotels, The Chatwal Hotels and Unscripted Hotels brands, with properties in some of the world’s most prominent hotel markets across the Americas, Europe and Asia. This asset-light acquisition will include a portfolio of 12 managed or franchised lifestyle hotels, with another 24 signed long-term management agreements for hotels expected to open in the future. Upon closing, this expansion will add over 1,...
Sonesta Expands International Portfolio in South America With Sonesta Hotel Cali
Sonesta | April 6, 2022
Newton, MA – April 6, 2022 – Sonesta International Hotels Corporation (Sonesta) is expanding its international portfolio and footprint in South America with the addition of Sonesta Hotel Cali, the brand’s seventh property in Colombia. The hotel is located 12 miles north of the Alfonso Bonilla Airport and just north of downtown Cali. The hotel features 148 fully equipped guest rooms and 33 executive suites. Guests benefit from a variety of onsite amenities, including two restaurants, a lobby bar, a business center, a fitness center, a swimming pool and a spa. Sonesta Hotel Cali also has 10 meeting rooms totaling 11,646 square feet to ...
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