Hotel openings, signings, transactions and investment across the region.
Hotels & Investment
Turkish businessman Husnu Ozyegin is negotiating to acquire a 50% stake in the Aliee Hotel, part of the Tersane Istanbul mixed-use development, according to industry sources.
Hotels & Investment
US chains Marriott and Hyatt are set to operate hotels in Albania under franchise deals, supported by tax incentives including 6% VAT and 10-year corporate income tax exemption for high-end branded pr
Hotels & Investment
The additions span brands from Curio Collection to Hampton by Hilton, with openings scheduled through late 2027.
Hotels & Investment
The 4-star property will operate all-inclusive in summer and switch to room-and-breakfast off-season, aiming to extend the resort's tourism season.
Hotels & Investment
The Daktylides family's latest venture joins MGallery's growing Greek island portfolio, which now spans Mykonos, Crete, Samos and Athens.
Hotels & Investment
Cairo amended its Central Bank-administered tourism credit initiative to unlock pending loans and raise single-client limits, with banks given until end-June 2026 to complete activation.
Hotels & Investment
Banyan Tree Varko Bay on the Ionian coast of Aitoloakarnania is set to become the brand's European debut, with LEED Gold ambitions and 43 branded residences.
Hotels & Investment
The Rixos Hotels property in Istanbul's historic Tersane district debuted at a ceremony attended by President Erdoğan, with Turkey citing $56 bn in annual tourism revenue.
Hotels & Investment
Egypt's PM Madbouli backed the 87-room, 31-villa property as part of a state drive to turn the North Coast into a permanent tourism and economic hub.
Hotels & Investment
Management agreements with Misr Holanda and Avenue for Development mark the brand's debut in the southern Egyptian city, with openings slated for 2029 and 2030.
Hotels & Investment
voco Antalya Konyaaltı, IHG's debut voco in Turkey, was signed in partnership with Pınarlar Kurumsal Hizmetler Turizm and was expected to open in summer 2025.
Hotels & Investment
The Thai group's phased launch of Dusit Princess Al Majma'ah marks its Saudi debut as a record pipeline year adds more than 1,400 rooms globally.