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USA | Access Point Financial and TMGOC Ventures inject €103m into New Orleans Fairmont/Element duo
Access Point Financial and TMGOC Ventures have co-financed the recapitalisation of the dual-branded Fairmont by Accor and Element by Westin complex in New Orleans to the tune of $120 million (approximately €103 million), via a bridge loan and a preferred equity investment. The scheme, led by local developer Kailas Companies, is the result of converting a former 31-storey office tower in the central business district. The Element opened in February 2026, while the Fairmont is due to follow in autumn 2026.
Development
Wanda Hotels & Resorts Surpasses 300 Hotels Worldwide
Chinese hotel group Wanda Hotels & Resorts passed the 300-hotel mark worldwide in August 2026, a milestone confirming its steady rise since its founding in 2007. Backed by a pipeline of more than 500 projects and a presence now spanning over 400 destinations, the group is stepping up its growth in Africa and Southeast Asia while consolidating its footing in the Chinese market.
Explorer
Development
Opening, France | Best Western unveils Le Clos de l’Aube Rouge, in Castelnau-le-Lez, on the edge of Montpellier
Best Western France announces the opening of the Best Western Le Clos de l'Aube Rouge, in Castelnau-le-Lez, in the Hérault department. Set in a former wine warehouse facing the garrigue and the banks of the Lez, the property combines accommodation, dining featuring local produce, seminar spaces and leisure facilities, midway between Montpellier's historic centre, the Pic Saint-Loup vineyards and the Mediterranean coast.
Development
Opening, Papua New Guinea | Sheraton makes its debut in the country with the Sheraton Port Moresby Stanley Hotel & Suites
Marriott International opens the Sheraton Port Moresby Stanley Hotel & Suites, marking the Sheraton brand's arrival in Papua New Guinea. The 394-key property, resulting from the conversion of the iconic Stanley Hotel & Suites, becomes the Group's second hotel in the country.
Headlines
360°, world tour of the day’s news | From Barcelona to New York via Bulle and Oyem
🔎 Today's trend: between technology expansion in Latin America, strategic appointments, upcoming openings and forced closures, global hospitality is moving at very different speeds depending on the region.
Development
Opening, Thailand | Canopy by Hilton debuts in Southeast Asia with Canopy Bangkok Sukhumvit
Hilton officially opens Canopy Bangkok Sukhumvit, the first property of its Canopy Hotels lifestyle brand in Southeast Asia. Located in the Asoke district, the 174-room property combines design by AvroKO, four dining concepts and a locally curated experience programme, developed by LLAN Asset.
Development
Opening, September 2026 | Minor Hotels brings Avani to Queenstown, the brand’s gateway to New Zealand
Minor Hotels announces the opening of Avani Queenstown from September 2026, a lakeside lifestyle property marking the Avani brand's first arrival in New Zealand's adventure capital. The former Oaks Shores Resort, fully repositioned, becomes the brand's New Zealand hub, alongside Avani Auckland Metropolis Residences.
Development
Opening, United Kingdom | The Queen at Chester joins Handwritten Collection, a first for Accor in the UK
The Queen at Chester Hotel reopens following an extensive renovation and becomes the first UK property in Handwritten Collection, Accor's portfolio of independent hotels. The agreement also marks the first franchise partnership between Accor and LGH Hotel Management Limited.
Development
Opening, India | IHG opens The Aarlis Hotel Panchkula, the first Vignette Collection in India and South West Asia
IHG Hotels & Resorts opens The Aarlis Hotel Panchkula, Vignette Collection, a 145-room property marking the brand's arrival in India and South West Asia. The property joins a global portfolio of 34 hotels across 17 countries, with 45 more properties to come.
Development
Development 2028, Thailand | IHG signs Kimpton Phang-Nga Natai Beach, a 150-room resort due in 2028
IHG Hotels & Resorts announces the signing of the Kimpton Phang-Nga Natai Beach, in partnership with Natai Venture Co., Ltd. This 150-room beachfront resort, due to open in 2028, marks the Kimpton brand's arrival in Phang Nga and brings the brand's number of open and pipeline properties worldwide to more than 150.
Development
Development, USA | Treasure Island Las Vegas officially joins Handwritten Collection, marking Accor’s arrival on the Strip
Hilton announces the signing of three new lifestyle hotels, including the first Tapestry Collection by Hilton in the Maldives, along with two new properties in Phuket and Chiang Mai. These signings form part of the Group's ambition to surpass 250 luxury and lifestyle hotels in Asia Pacific.
Development
Development, Southeast Asia | Hilton signs three new lifestyle properties in Thailand and the Maldives
Hilton announces the signing of three new lifestyle hotels, including the first Tapestry Collection by Hilton in the Maldives, along with two new properties in Phuket and Chiang Mai. These signings form part of the Group's ambition to surpass 250 luxury and lifestyle hotels in Asia Pacific.
Development
Opening, China | Banyan Tree Mount Emei, a new mountain sanctuary at the gateway to a UNESCO-listed site
Banyan Group opens Banyan Tree Mount Emei, in China's Sichuan province, at the foot of Mount Emei, one of China's Four Sacred Buddhist Mountains. The 130-room and villa complex, featuring private hot spring pools, strengthens the presence of the group's flagship brand in China.
Ouvertures & projets
Opening, Mexico | Aman unveils Amanvari, its new sanctuary between sea and desert in Baja California
Aman has opened Amanvari on the east coast of Baja California Sur, within the exclusive Costa Palmas community. This sanctuary of 18 Casitas, alongside a collection of Aman-branded residences, marks a new milestone in the brand's development in the Americas.
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Personnel Moves
Courchevel, France | Madeleine Munier appointed General Manager of Monte-Carlo One Courchevel
Madeleine Munier has been appointed General Manager of Monte-Carlo One Courchevel, the first property under Monte-Carlo Company des Bains de Mer's international brand outside the Principality. She takes up her role during the pre-opening phase, with the first guests expected for the 2026/2027 winter season. With nearly nine years at Airelles, including a spell leading La Bastide de Gordes, she brings solid experience in luxury hotel management and hotel openings to the project.
Development
USA | Access Point Financial and TMGOC Ventures inject €103m into New Orleans Fairmont/Element duo
Access Point Financial and TMGOC Ventures have co-financed the recapitalisation of the dual-branded Fairmont by Accor and Element by Westin complex in New Orleans to the tune of $120 million (approximately €103 million), via a bridge loan and a preferred equity investment. The scheme, led by local developer Kailas Companies, is the result of converting a former 31-storey office tower in the central business district. The Element opened in February 2026, while the Fairmont is due to follow in autumn 2026.
Personnel Moves
Amsterdam, Netherlands | Emmy Stoel Appointed General Manager of the Mandarin Oriental Conservatorium
Emmy Stoel, currently General Manager of the InterContinental Athénée Palace Bucharest, has been appointed to head the Mandarin Oriental Conservatorium in Amsterdam. The news, revealed by Dutch daily De Telegraaf, marks the seasoned hotelier's return to the Dutch capital, where she has already led two landmark properties. The appointment comes as the hotel continues its repositioning under the Mandarin Oriental banner.
Personnel Moves
Southlake, USA | Derek Sharp appointed SVP Lodging, Ground and Media at Sabre
Sabre (NASDAQ: SABR) has announced the appointment of Derek Sharp as Senior Vice President, Lodging, Ground and Media, effective 8 September 2026. He succeeds Chinmai Sharma and will be responsible for driving further growth in this strategic business, as the technology group expands its hotel distribution offering and its connectivity with agencies and suppliers.
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