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6Oman Signs $1.04 Billion Deal for 'Modana' Tourism Complex in Dhofar
Oman's Ministry of Heritage and Tourism signed an agreement worth over 400 million Omani Rials ($1.04 billion) with Dhofar Tourism Company to establish the 'Modana' Integrated Tourism Complex.
Blackstone to List 'Hotel Investment Partners' at a Valuation of Up to 7 Billion Euros
Blackstone and GIC target a valuation between 6 and 7 billion euros for the stock market listing of 'Hotel Investment Partners', compared to 4 billion when GIC entered in 2023.
LRO Buys 240-Room Courtyard Hotel in Edinburgh
LRO Hospitality completed the acquisition of the 240-room Courtyard by Marriott hotel in Edinburgh from a fund managed by CVC, with Iconic taking over its management.
CPP Investments Acquires 27% Stake in Prestige Hospitality for 30 Billion Rupees
CPP Investments has acquired a 27% stake in Prestige Hospitality in India for 30 billion rupees, in its first direct investment in the Indian hotel sector.
Blackstone Prepares to List 'Hotel Investment Partners' in Madrid at €6 Billion Valuation
Blackstone is reportedly preparing to list Hotel Investment Partners on the Madrid Stock Exchange at a valuation of around €6 billion, with a portfolio covering 61 hotels.
Africa Hotel Pipeline Hits Record High of 675 Hotels and Nearly 124,000 Rooms
Africa's hotel development pipeline has reached a record high of 675 hotels and nearly 124,000 rooms, an increase of about 19%, with Egypt and Morocco accounting for more than 45% of it.