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CoralTree Hospitality To Manage Four Additional Tavistock Hotels In Lake Nona, Orlando, FL
DENVER––Tom Luersen, president of CoralTree Hospitality, today announced that the company is expanding its portfolio with Tavistock Development Company after the successful launch of the Lake Nona Wave Hotel, which opened in December 2021. CoralTree now also manages four of…
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IHG Brings Voco Brand To Mexico
ATLANTA–IHG Hotels & Resorts, one of the world’s leading hotel companies, today announced the signings of two new voco hotels in Guadalajara and Saltillo, Mexico. The signings mark the introduction of the voco hotels upscale hospitality brand to the Mexico…
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Sonesta Expands International Locations In Colombia With Sonesta Hotel Cali
NEWTON, MA–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…
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M3 Helps Launch $350k Ukraine Relief Initiative By Becoming A Founding Partner Of HospitalityforPeace.org
GWINNETT, GA— M3, along with other hotel tech providers, has successfully helped launch HospitalityForPeace.org. Through the alliance of these hospitality and hospitality-related companies, the hotel industry has come together to help provide Ukrainian with much-needed relief and aid. These donations, currently…
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CBRE Forecasts Continued Hotel Recovery In 2022 Despite Increasing Risks
DALLAS—CBRE Hotels Research has raised its forecast for 2022 average daily rate (ADR), Occupancy and Revenue per available room (RevPAR) to reflect the stronger-than-expected fundamental performance in the fourth quarter. Other factors contributing to the improvement include below-average supply growth,…
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The LCP Group & Safanad Acquire Postcard Inn, St. Pete Beach
NEW YORK—A joint-venture between The LCP Group, L.P. (“LCP”), a vertically integrated, private real estate investment firm specializing in hospitality investing, and Safanad, a real estate and private equity investment firm, announced it acquired the iconic Postcard Inn on the…