hotel expansion
Stories tagged hotel expansion.
Centara Shifts to Asset-Light Hotel Growth With Large Investors
Centara Hotels & Resorts is moving toward an asset-light expansion model, seeking multi-property partnerships with large investors to grow internationally without expanding its own balance sheet. The Thai operator, part of Central Group, aims to double in size while adding managed hotels rather than owned assets.
Radisson Blu Cluj completes EUR 12m expansion with new wing, spa and dining venues
The five-star Radisson Blu Cluj in Cluj-Napoca has opened a new wing following a EUR 12 million expansion, adding 20 rooms, a spa, three conference rooms and a rooftop bar. The project also introduces a new restaurant and enlarges the hotel's Japanese eatery, Hikari.
EDITION Hotels Plans to Double Portfolio to 38 Properties Within Five Years
EDITION Hotels has 16 new projects in its pipeline that will nearly double its global portfolio to 38 properties over the next five years, with locations spanning Africa, Asia, the Middle East, and the Americas.