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Stocks that were in focus included names like EIH, which rose 20%, Gensol Engineering, which elevated 10%, and Trent, whose shares jumped 19.48% on Wednesday. Shares fell on Tuesday, dragged by high-weightage financials and data technology stocks and as consolidation continued within the holiday-truncated final week of the monetary 12 months. History has proven when there are corrections in world stock markets, Australian property turns into a port within the storm. The Australian hotel industry remains cautiously optimistic about medium-term investor appetite amid the COVID-19 pandemic, based on CBRE Research’s latest Hotel Market Survey. Essential trade news for hospitality and lodging executives in North America and Asia-Pacific. NEWTON, Massachusetts—Sonesta International Hotels Corporation announced the opening of two new upper-midscale Sonesta Essential hotels in March.

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The redesign has been developed in collaboration with builders, house owners and operators to extend guests’ chance to remain and keep low construct and operating costs while delivering a novel midscale experience. Australian hotel investment group Pro-invest has agreed a green mortgage with Aareal Bank, refinancing a portfolio of five Holiday Inn Express properties throughout Australia. The association refinances Holiday Inn Express properties in Brisbane, Adelaide metropolis centre,…

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Remington Hospitality, a dynamic and growing hotel administration company, today declares its administration agreement for Crowne Plaza San Antonio Airport. Crowne Plaza San Antonio Airport is conveniently positioned three miles from San Antonio International Airport, and alongside Remington, it’s going to turn into the choice hotel for vacationers on the lookout for lovely and handy accommodations deep in the heart of Texas. Prior to becoming a member of Remington in 2021, Reader served as chief operating officer at Magna Hospitality. Reader additionally spent 15 years at Pyramid Hospitality, the place he oversaw 50+ hotels and was answerable for the lifestyle/independent division, along with other full- and select-service properties beneath prime lodging brands. The connections made by way of his previous experiences shall be invaluable as Remington continues to develop partnerships and set up itself as a third-party administration chief. With the Marriott Bonvoy app, members enjoy a stage of personalization and a contactless expertise that enables them to travel with peace of thoughts.

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  • The program is part of the brand’s dedication to improving the lives and resiliency of the native communities by which …

“We are thrilled to add Senna House Scottsdale to our portfolio, especially with the rising reputation of lifestyle hotels,” says Keith Oltchick, Chief Development Officer of Remington Hospitality. The newest addition to Curio Collection by Hilton, Senna House brings a high-end boutique way of life hotel to Scottsdale’s entertainment district that includes a modern design with an area aptitude. The property boasts 169 spacious chic bedrooms that includes trendy facilities for luxurious consolation. Guests will have entry to the second-floor Sonora Swim Club with hanging views of Camelback Mountain, that includes a rooftop pool, cabanas and lounge chairs, and an outside bar with a signature cocktail expertise.