AccorHotels
Building a $400M Hotel During a Pandemic: Q&A With the Team
The Saunders Hotel Group’s Gary Saunders and The Noannet Group’s Jordan Warshaw explain how the coronavirus outbreak has impacted the development of the 33-story Raffles Hotel & Residences in Boston.
California Landmark Eyes High-Tech Efficiency Effort
A century-old Bay Area hotel will employ artificial intelligence to model an upgrade without upfront costs.
Carey Watermark Announces $4.6B Merger
The company’s two hospitality REITs will combine through an all-stock deal to form Watermark Lodging Trust.
Boston Mixed-Use Lands $315M Construction Loan
Madison Realty Capital will provide the financing, while Cain International will contribute most of the equity for the $400 million Raffles Hotels & Resorts tower in the Back Bay neighborhood.
sbe, Byzantine Team on Downtown Detroit Mixed-Use
The $72 million project will redevelop a nearly century-old, 190,000-square-foot office building into a 100-key hotel, plus 70 residential units. The property reportedly will be the first hotel in Detroit’s Cass Corridor.
AccorHotels to Buy Majority Stake in 21c Museum Hotels
The Paris-based hospitality investor and operator, which has made several deals to expand its brands in the U.S. and abroad in recent months, will bring its MGallery brand to North America.
Novotel’s 500th Hotel Opens in Seoul
Located in the heart of the city’s shopping district, the Ambassador Seoul Dongdaemun also marks the brand’s first mixed-use flagship development that offers both hotel and residential space.
AccorHotels to Buy $319M Stake in sbe
The partnership deal calls for the French travel and lifestyle group to acquire a 50 percent interest in the Los Angeles-based luxury hospitality company.
AccorHotels, Algeciras to Buy Chilean Hotel Group Atton
The partnership expects to close the deal in the second half of the year, with AccorHotels retaining the option to sell its share in the transaction after five years.
AccorHotels to Buy Mövenpick Hotels for $560M
The acquisition will enhance the Paris-based global hospitality company’s presence in Europe, as well as its footprint in emerging markets of the Middle East, Africa and Asia-Pacific.