JLL has arranged a €49 million ($57 million) refinancing for the Sofitel Philadelphia at Rittenhouse Square, a 306-key luxury hotel in the heart of Center City Philadelphia. The deal was concluded on behalf of Clearview Hotel Capital, the property's owner, with Simmons Bank. It underlines the strength of the US hotel refinancing market for distinctive urban assets.

From cabaret to hospitality, a new chapter is being written in Kirrwiller. As the Royal Palace unveils its very first four-star property, international hospitality continues its openings and expansions across the globe — not without a few controversies and sanctions along the way.Hospitality news of the day, 26 August 2026: openings, strategic expansions, appointments and air connectivity — here's what you needed to know today in the sector.

The catering and facilities group plans to eliminate 963 positions, or 4% of its French workforce, along with a further 134 head office roles, amid intensifying competition.

A memorandum of understanding to prepare for 42 million visitors and strengthen Franco-Saudi tourism expertise exchange

The Cloud One (Motel One) Still Named as Operator for Altius Real Estate's London Scheme

The Philippine developer commits to new development in Palawan and Ilocos Norte and organises its portfolio under two dedicated entities

The Spanish start-up will offer second-hand furniture from four Madrid hotels online from 3 to 6 September

After five years leading Rixos operations in Doha, the Italian hotelier takes charge of the brand's first all-inclusive resort in Southeast Asia.

The group partners with developer Ceerose to bring its lifestyle brand to Haymarket, at the gateway to Sydney's central business district.

Accor has entrusted the general management of Admiral Hotel Manila, MGallery Collection, to Alessandro Mortillaro. The Italian-British executive, who brings more than twenty-five years' experience across Asia and Europe, takes the helm of the Philippines' first MGallery property following four years at Sofitel London Heathrow. The appointment forms part of Accor's strategy to strengthen its presence in the Philippine luxury and lifestyle market.

Accor and Al Qimmah Hospitality, a subsidiary of BinDawood Investment, are expanding their hotel partnership in Saudi Arabia with the signing of a new 850-key Novotel in Makkah. Announced in Paris during the French-Saudi Investment Roundtable, the agreement takes the joint portfolio to five properties and more than 4,000 keys, against a backdrop of strong growth in religious tourism driven by the Kingdom's Vision 2030.

Invesco Real Estate has sold the Andaz Amsterdam Prinsengracht, a 122-room five-star hotel in the heart of the canal district, to a consortium led by Singapore's First Sponsor Group for approximately €93.5 million. Acquired in 2019 as the flagship asset of its European Hotel Fund, the property continues to be operated by Hyatt under a long-term lease running to 2042. The transaction reflects Invesco's portfolio rotation strategy, as Amsterdam confirms its appeal to international hotel investors.