Hilton announced the signing of a management agreement with Growthpoint Properties, one of South Africa’s largest REIT, to open a hotel under its lifestyle Canopy by Hilton brand.
Hilton Garden Inn, Hilton’s globally recognised upscale hotel brand, is celebrating strong growth in Africa with four open properties and an additional 14 in the pipeline just three years after opening its first hotel on the continent in 2016.
Hampton by Hilton, the largest brand in the Hilton portfolio, continues to lead the way in the upper-midscale segment, closing out the fourth quarter of 2018 with dozens of new openings around the world and the largest pipeline in brand history.
Global real estate intelligence provider Lodging Econometrics’ (LE) global construction pipeline trend report, which compiles the construction pipeline for every country and market in the world, states the total pipeline stands at 12,714 projects/2,139,002 rooms, up seven percent by projects year-over-year (YOY).
In their recent Hotel Construction Pipeline Trend Report for Europe, analysts at global real estate intelligence provider Lodging Econometrics (LE) listed AccorHotels, with 209 Projects/26,936 Rooms, as the top global hotel company.
In partnership with Azmonth Investments, Henry Wiltshire International has launched Portonovi project, a 26ha ultra-premium residential community on Boka Bay, located between Montenegro's mountains and the Adriatic coastline.