Tongcheng Travel to buy Wanda Hotel Management for $342m
The deal is currently awaiting approval from Wanda Hotel Development's shareholders' meeting and relevant government departments.
23 April 2025
23 April 2025
The deal is currently awaiting approval from Wanda Hotel Development's shareholders' meeting and relevant government departments.
The 87-room property will be developed from an old commercial office building.
The property is part of a larger Mitsui Fudosan led mixed-use redevelopment project.
The property is the first to open within the Punta Cacique community.
Eid coinciding with school holidays spurred domestic travel, boosting tourism and hotel performance across the UAE.
The installation of solar panels across the company’s properties has been instrumental in reducing energy consumption.
The funding reinforces ROH’s efforts to modernise how payments are managed in the hospitality industry.
Guests of the Hilton Garden Inn Faroe Islands can now enjoy a wellness bag from Gympak upon their arrival.
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