Meliá in Indonesia; Four Seasons restorative tents in Mexico –

Invest Islands unveils Meliá in Indonesia: Invest Islands, Lombok, Indonesia, has announced its new project – Gran Meliá Lombok Resort & Spa at Torok Bay in South Lombok. Overlooking the Indian Ocean, the resort will feature 110 pool villas, including beachfront duplexes, more than 80 one-, two-, and three-bedroom hillside sanctuaries, all with private pools and a health club. beach and a restaurant on two floors. The complex is expected to open in 2024.

Tents at Naviva, A Four Seasons Punta Mita, Mexico

Four Seasons grows in Mexico: Four Seasons Hotels and Resorts has announced a new resort – Naviva, A Four Seasons Punta Mita, Mexico. Scheduled to open later this year, the property is an extension of the existing Four Seasons Resort Punta Mita and will offer 15 luxury tents in the forests of Riviera Nayarit overlooking the Pacific Ocean. Prior to arrival, resort guides will be assigned to guests to create a personalized itinerary. The restorative complex will include a swimming pool, private beach access, spa modules, a cliffside yoga pavilion, an outdoor gym and the on-site restaurant, Copal.

China shows higher rates than in 2019: The hotel industry in mainland China topped its 2019 ADR comparables at Lunar New Year despite significantly lower occupancy, according to preliminary data from STR. The ADR reached CNY 766.95 (USD 120.60) during this year’s holiday season (January 31 to February 6), up 9.6% from the pre-pandemic comparison in 2019 ( CNY699.47/USD109.99). This year, while the occupancy rate increased by 31.6%, the RevPAR reached 242.46 CNY (38.12 USD). While Lunar New Year traditionally has less demand in Tier 1 cities, as most travelers are visiting family or vacationing in suburban or rural areas, this year overall rates have been driven by the upper classes with the Beijing Olympics and ongoing COVID restrictions. On February 2, the market’s ADR peaked at 830.21 CNY (130.55 USD). Daily occupancy in the market hovered around 30% for most of the holiday period, then hit 36.6% on February 4, which was up from the comparable day in 2021 (34.5 %) but significantly lower than 2019 (71.4%) .

ASAP International Secures Funding for Hawaii Agreement: ASAP International Hotel has reportedly secured $58.1 million in bridge financing to acquire the 191-key Maui Seaside Hotel in Kahului, Hawaii. Stonehill originated the senior non-recourse three-year loan. ASAP International plans to transform the hotel into an upscale Tapestry Collection by Hilton property. Once the renovations are complete, the hotel will be Maui’s only Hilton property.

Northwestern acquires Chicago Hyatt: Northwestern Memorial Healthcare has acquired the 419-key Hyatt Centric Chicago Magnificent Mile for an undisclosed price from a real estate trust company Sunstone Hotel Investors. The deal for the hotel next to Northwestern’s flagship hospital campus brings a significant property into the fold of the 11-hospital system. In 2012 Sunstone acquired the hotel, then known as Wyndham Chicago for US$88 million. Sunstone is also selling its two remaining hotels in Chicago – Embassy Suites by Hilton Chicago and the Hilton Garden Inn Chicago Downtown/Magnificent Mile. Together, these two properties consist of 725 keys and are expected to sell for approximately US$130 million.

Sotherly completes the sale of the Sheraton Louisville: Sotherly Hotels, Williamsburg, Virginia, has completed the sale of the Sheraton Louisville Riverside Hotel in Jeffersonville, Indiana, for US$11.5 million. The company said the hotel had been identified as an asset that no longer aligned with its long-term strategic goals. The sale will allow Sotherly to “streamline its management efforts and focus on growing its core portfolio to maximize shareholder value.” According to its 2019 earnings report, Sotherly plans to use the proceeds from the sale to pay off the outgoing mortgage on the hotel and for other business purposes.

Ovolo is committed to plant-based menus: Ovolo Hotels, Hong Kong, is committed to providing a vegetarian offering, Plant’d, in all of its restaurants. The news comes after the success of its “Year of the Veg” campaign, launched in October 2020, where sites switched to a vegetarian-only offering for 365 days. “We believe the world is changing, which is why we continue to evolve – we want to make sure we are doing our part to help preserve our environment, promote healthy eating and improve the image of vegetarian and vegetable-based cuisine. of incredible plants,” said the founder of the Ovolo group. and CEO Girish Jhunjhnuwala. To share its knowledge, Ovolo has created a Plant’d Playbook white paper, which will be available through Ovolo’s Plant’d webpage at

International arrivals to Asia-Pacific will increase: According to PATA Asia Pacific Visitor Forecasts 2022-2024 Full Report. The increase in the number of international visitor arrivals is expected to be between 72.5 million and 175.7 million under the severe and mild scenarios respectively, bringing the total volume of visitor arrivals between 159 million and 315 million, according to these same scenarios respectively. However, projected increases in arrivals this year will revert to 23% to 45% of the level of foreign arrivals received in 2019. International arrivals in 2024 are expected to turn positive, with the volume being the same as in 2019.

Bayshore and Crescent team up in Florida: Bayshore Capital and Crescent Hotels & Resorts will introduce the Max Beach Resort in Daytona Beach Shores, Florida in April as a short-term rental with upgraded resort amenities. The property will offer 72 one-, two- and three-bedroom residence-style suites. It is a newly constructed 12-story building, wholly owned by Bayshore and managed by Crescent Hotels & Resorts. All accommodation styles will include private bathrooms and functional outdoor living space. Facilities will include a full-service restaurant, an oceanfront pool with private cabanas, a sky-level training center and a lifestyle lounge.

The legendary sponsors of the El Paso affair: Legendary Capital, Fargo, ND, sponsored the acquisition of the 90-room Courtyard El Paso Airport in a US$15.2 million deal. The deal materialized in a 721 UPREIT in which the previous owners of the property contributed their capital in exchange for limited partnership units. Through its affiliated entities, Legendary Capital acquired 30 hotels, primarily targeting 80-200 room limited-service, select-service, full-service and extended-stay hotels in America’s Heartland.

DelMonte acquires in Saratoga: Rochester, NY-based DelMonte Hotel Group has acquired the 123-room Hampton Inn & Suites Saratoga Springs Downtown near the Saratoga Racetrack from Turf Hotels. The purchase price was not disclosed. The hotel was built in 2008, remodeled in 2019, and features over 2,649 square feet of event space. It is integrated into a larger mixed-use development which includes 45 apartments.

Westgate is launching a new loyalty program: Westgate Resorts launched World of Westgate, a ‘Holiday Plus. Get More’ themed loyalty program with perks for its timeshare owners and resort guests. Free membership sign-up provides enhanced status and rewards with eligible owners at the higher levels of the program. Loyalty tiers are automatically assigned based on combined purchase prices for active timeshare accounts. Benefits include redeemable experiences and privileges after registration. Elite Members vacationing at Westgate Las Vegas Resort & Casino are invited to an annual Executive Meet & Greet event. Program offers on-site food and beverages, discounts on spa services, free annual credit, discounted free resort and destination fees, water park admission and up to 40% cashback on additional trips.

Search windows are getting longer, accommodation bookings are increasing by 50%: Although global search volume in the fourth quarter was flat quarter over quarter, it was up more than 70% year-on-year, indicating that consumers are eager to travel, the report revealed. Q4 2021 Travel Recovery Trends Report from Expedia Media Solutions. Search windows have lengthened as new international borders reopen, according to the report. Around 40% of global searches occurred within the 31+ day search window, a 15% increase from Q3, with EMEA seeing the largest shift to longer search windows (the of +31 days of search increasing by more than 30% compared to the third quarter). There is sustained demand for long-haul destinations, with travelers researching and booking international destinations. Paris, Dubai, Mexico City, Tokyo and Madrid all saw double-digit quarter-over-quarter growth in hotel bookings. The popularity of vacation rentals remained the same, with global accommodation bookings (for hotels and vacation rentals combined) increasing by more than 50% year-over-year. Latin America had a strong quarter for vacation rental bookings, which grew more than 100% quarter over quarter.

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