07 April 2026
07 April 2026
Middle East hotel performance has fallen sharply due to the Iran war, with occupancy in Dubai and Abu Dhabi dropping to Covid-era levels.
The project will be financed with a $28m EB-5-backed construction loan and is expected to create 538 jobs.
The agreements add two brands to the country and expand Marriott’s pipeline across Athens, Crete, Paros, Zakynthos and Milos.
The redevelopment is being co-led by Realberry in partnership with Kor Real Estate Partners.
The 300-room development will expand IHCL’s Bengaluru portfolio and include conference facilities near the city’s airport corridor.
MIMARU Osaka Shinsaibashi Central is scheduled to open on 1 September 2026.
The deal increases HPP's portfolio to 19 hotels with over 5,200 guest rooms and hospitality assets under management exceeding $1.6bn.
The project is developed in collaboration with Orascom Development Egypt and Arabian Peninsula Hospitality.
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