The group will implement a comprehensive development strategy with retail as the main driver, launching over 200 mall, residential, and hotel projects.
Meanwhile, Japan’s tourism industry is facing a record labor shortage.
With its prime location, this hotel has become an iconic landmark of Paris and one of the most sought-after real estate assets in the area.
Recovery was primarily driven by domestic guests, with levels exceeding those of 2019. Whereas international travelers, even whose number grows sharply, failed to return to the level of 2019.
At present, InterContinental Hotels Group has 12 brand hotels in Greater China, with a total of more than 1,000 hotels in operation or under construction.
Marriott said it is well-positioned for strong growth over the coming years as people around the world further embrace their love for travel.
The two hotels are called Hotel Romazzino and Hotel Pitrizza, both located in the heart of Costa Smeralda.
This transaction is one of the largest hotel acquisitions in the United States since August 2021 and the eighth investment by Trinity Fund Advisors LLC since June 2021, with a total transaction value of $2.1 billion.
Raffles Sentosa Resort and Spa is an all-villa resort center occupying an area of more than 100,000 square meters in a tropical garden setting, and guests can enjoy a beautiful view of the South China Sea.
After this transaction, Accor no longer owns any stake in H World Group Limited.