Luxor Rotana resort will feature 319 rooms including 48 suites and a presidential suite.
The latest purchase comes as Hotel Lotte resumes its US expansion strategy that was hampered by Covid-19.
Marriott International’s St. Regis Hotels & Resorts has opened its new 39-storey hotel in the Egyptian capital of Cairo.
Hyatt Hotels has opened a new hotel in the Cambodian capital of Phnom Penh, marking its first property in the city.
Choice Hotels International has reached franchise agreements with Gulf Coast Hotel Management for the conversion of 15 MainStay Suites hotels in the US.
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Avani Hotels & Resorts, a part of Minor Hotels, has opened Avani Palm View Dubai Hotel & Suites in the UAE.
Hyatt has opened the first five properties under UrCove Hotels brand in China to target the country’s upper-midscale segment.
Crown Sydney has opened its luxury hotel Crown Towers and restaurant line-up including a’Mare, Woodcut, Nobu and Yoshii’s Omakase.
Hospitality giant Hyatt Hotels has bolstered its presence in China by opening Andaz Shenzhen Bay in Shenzhen.