The hotel has been acquired by a joint venture between Gencom and GD.
The first Holiday Inn Express hotel is expected to open by June 2025.
The former Larmont Sydney by Lancemore property will be renovated and rebranded to Hotel Indigo.
The company’s proposed investment plan includes a seven-star hotel in Dubai.
The company expects net rooms growth of approximately 6% for the full year of 2023.
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The company estimates adjusted EBITDA of $1.14bn to $1.17bn for Q2 2023 and $4.36bn to $4.54bn for full year 2023.
Omni Hotel and Resorts developed the resort in partnership with PGA of America and the City of Frisco.
The new hotel features five private cottages and 16 rooms.
JW Marriott Clearwater Beach Resort and Spa offers 62 guestrooms and 36 spacious residences.
The new island resort will include 225 guest rooms and suites as well as 52 villas.