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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
Development, Germany | Odyssey Hotel Group reaches new milestone with Covivio, surpassing 5,400 rooms under management
Odyssey Hotel Group (OHG) signs management agreements with Covivio covering four major hotels in Germany, including The Westin Grand Berlin and The Westin Leipzig. The deal, which adds more than 1,200 rooms to the Dutch group's portfolio, confirms the rising strength of independent operators serving European institutional investors.
Development
India | Accor and Treebo end negotiations on Ibis and Mercure master licence
Accor and Treebo Hospitality Ventures have mutually ended talks on a master licence agreement that would have brought the Ibis and Mercure brands to the Indian mid-market segment through Treebo's network, according to Sidharth Gupta, co-founder and CEO of Treebo, cited by Destination.com. The setback deprives Accor of a key partner in accelerating its goal of 300 hotels in India by 2031.
Development
Egypt | Marriott formalises agreement with Misr Italia Properties and People & Places: EGP 56.7 billion investment
Marriott International details its development agreement with Misr Italia Properties and People & Places: nine projects representing more than 1,500 keys across Egypt's most sought-after coastal and urban destinations. Combined investment exceeds EGP 56.7 billion, for a portfolio that now totals more than 1,800 rooms and branded residences.
Development
Development, UK | PRISM, OYO’s parent company, bulks up its premium offering ahead of IPO with 40 additional hotels
PRISM, OYO's parent company currently preparing for an initial public offering, is expanding its premium hotel portfolio in the UK with the addition of 40 properties, including 16 Sunday Hotels and 24 Belvilla properties. This development illustrates the Group's strategy to move beyond its historic budget positioning and strengthen its presence in the upscale segment.
Development
Development, Portugal | Vertu Hospitality Group unveils luxury residences project in the Algarve
Vertu Hotels and Resorts announces the development of VERTU Residences Algarve, a mixed-use hospitality and residential destination in southern Portugal. The project, developed under the VERTU Residences brand, will comprise up to 64 luxury residences and marks a new milestone in Vertu Hospitality Group's international expansion.
Development
Signing, Italy | ACHM Hotels by Marriott and the Bettoja family to merge two Rome hotels into a single Autograph Collection property
The Bettoja family, a fixture of Italian hospitality for nearly 150 years, partners with ACHM Hotels by Marriott to bring the Hotel Atlantico and Hotel Mediterraneo into its Rome portfolio. The two properties will become Italy's first Autograph Collection hotels, following a two-phase integration.
Development
World | Fattal Group completes the Dilly acquisition in London and unveils THE YACHT launch campaign
Fattal Group closes a three-year-old file while simultaneously opening a new lifestyle chapter. Ronen Nissenbaum, CEO UK, Ireland, Benelux, Spain, Portugal and US Development for the Group, announced the completion of the leasehold acquisition of the iconic Dilly hotel in London, while also unveiling the launch campaign for THE YACHT, the latest addition to the Fattal Limited Edition collection.
Fusac
France | Leonardo Hotels gains a foothold on the shores of Lake Geneva with the former Hilton Évian-les-Bains
Leonardo Hotels Central Europe continues its growth in the French market with the acquisition of the former Hilton Evian-les-Bains, an iconic property on the shores of Lake Geneva. The deal marks a new milestone in the Group's growth strategy across France.
Development
Transaction, France | Capital Hospitality Europe acquires Hôtel Antin Saint-Georges, in Paris
Capital Hospitality Europe announces, alongside private investors, the acquisition of the Hôtel Antin Saint-Georges, a 36-room property located in Paris's 9th arrondissement. Repositioning works are set to transform the address into an upscale boutique hotel.
Development
Development, USA | Valor Hospitality enters Mississippi through partnership with Bellamare Development
Valor Hospitality Partners launches its Mississippi operations through a strategic partnership with real estate company Bellamare Development, taking over management of eight hotels totalling 685 rooms. The agreement confirms Valor as Bellamare's preferred operator for its full-service and lifestyle hotel projects across the Americas.
Development
Signing, Portugal, 2029 | Nobu and Norfin announce new project at Monte Rei, in the eastern Algarve
Nobu Hospitality unveils a luxury complex project at Monte Rei, in partnership with Norfin: a 100-room hotel, a signature restaurant and branded villas and residences. This second Nobu property in Portugal is due to open in 2029.
News
360°, world tour of the day’s news, 31 July 2026 | From Palma to Havana via Rome and Tunis
🔎 Today's trend: between forced closures, heritage takeovers and new signings, global hospitality absorbs geopolitical shocks while continuing to grow.
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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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