Development

Nobu Hospitality has announced plans to open new hotel, restaurant, and residence locations in Baku, Azerbaijan, and Montenegro, in partnership with Sea Breeze Resort.

Huafa Snow Bonski will open a ski dome in Shenzhen on September 29, featuring five ski slopes and a 4,000-square-meter Ice & Snow Wonderland.

This development marks Marriott’s first entry into the Mongolian market. The hotel is expected to open in 2027.

JTB Corp. has entered into a definitive agreement to acquire Northstar Travel Group from EagleTree Capital, with Northstar continuing as an independent subsidiary.

DoveHill has acquired the White Barn Inn in Kennebunk, Maine, with plans for targeted enhancements while maintaining the property’s character.

The travel & tourism sector witnessed a notable decline in deal activity in the first half (H1) of 2025, reflecting a shift in market dynamics and investor sentiment.

Marriott International has completed the acquisition of the citizenM brand, adding 37 hotels and over 8,789 rooms to its global portfolio.

Wyndham Hotels & Resorts has entered a strategic alliance with Cygnett Hotels & Resorts to introduce over 60 hotels in India, Bangladesh, Sri Lanka, and Nepal over the next decade.

While venture financing and private equity deals declined, mergers and acquisitions saw modest growth, highlighting investor selectivity and regional resilience as key themes amid the evolving macroeconomic conditions and shifting strategies across global markets.

The Chicago Hotel Collection, an independent boutique hotel portfolio, has announced its acquisition of the Ambassador Chicago Hotel, a historic property in the Gold Coast neighborhood, as part of its strategic expansion.