HARD ROCK HOTEL TO OPEN IN LONG BEACH: Hard Rock International has partnered with Steinhauer Properties to open the Hard Rock Hotel Long Beach. The hotel will be the first new-build full-service property to be built in Long Beach, Calif., after 30 years and the first new Hard Rock Hotel in Southern California in around 10 years, Hard Rock said in a statement. The hotel is expected to begin construction in the summer of 2024 and open in spring 2027. Located in downtown Long Beach, the upscale hotel will be adjacent to the convention center. The 31-story hotel will offer 427 rooms and suites, including a Rock Star Suite with an open rooftop bar with 360-degree views. The hotel will include an outdoor pool, a fitness center, two restaurants, a speakeasy with a concert hall for up to 250 guests and a Rock Shop featuring merchandise.
FOUR SEASONS ADDS TO CHINA PORTFOLIO: Four Seasons Hotels and Resorts is set to open its second hotel in Hangzhou, China, in partnership with Greentown China Holdings Limited, China Resources Land Limited and Hangzhou Metro Development Co. Ltd. Four Seasons Hotel Hangzhou at Hangzhou Centre will be located in the city’s latest mixed-use development, Hangzhou Centre Towers. The architecture of the luxury hotel will be led by Goettsch Partners and GAD, with interiors designed by Avalon Collective. AB Concept and Kokai Studio will lead restaurant and bar design, while P Landscape will lead landscape design. The hotel will offer 214 rooms and suites with views of the river and West Lake, along with multiple dining options, 2,855 square meters of event space, including a 1,290-square-meter ballroom, more than 1,000 square meters of recreation space, which will include an indoor pool, whirlpool, fitness center and a spa. The hotel will join Four Seasons Hotel Hangzhou at West Lake in the city. Currently, Four Seasons operates 127 properties and 53 residential projects across 47 countries, with over 50 under planning or development.
INDIAN HOTELIER PRS OBEROI DIES: Prithvi Raj Singh ‘Biki’ Oberoi, the chairman emeritus of India-based The Oberoi Group, died on Tuesday morning. He was 94. The Oberoi Group runs a chain of luxury hotels, such as Oberoi Hotels & Resorts and The Trident Hotels. A pioneer of the Indian hospitality industry, the iconic hotelier established a heritage of luxury hotels across India and placed Oberoi hotels on the map of the global luxury hospitality business. Under PRS Oberoi’s leadership, The Oberoi Group became one of the top three hospitality groups in India. Founded in 1934, the group currently owns and operates 32 luxury hotels and two river cruise ships across seven countries. In May 2022, Oberoi resigned as Chairman and Director of EIH Associated Hotels Ltd., the flagship company of The Oberoi Group. The son of the late founder of The Oberoi Group, Rai Bahadur M.S. Oberoi, has served as the chairman since 1988. Oberoi was awarded the Corporate Hotelier of the World in 2010 by HOTELS Magazine. He received several more awards and accolades, including the Padma Vibhushan, India’s second-highest civilian honor. He is survived by his son Vikram Oberoi, CEO and managing director of EIH, and two daughters.
ALIGNED HOSPITALITY SIGNS IN COLORADO: Aligned Hospitality Management has signed its first agreement in Colorado with the addition of the Comfort Suites Denver Tech Center to its portfolio. The hotel is owned by Colorado Hotel Group LLC and franchised by Choice Hotels and marks Aligned’s first hotel outside of the Arizona market and the 21st in its portfolio. Located in the suburb of Englewood, the hotel has 73 suites, a fitness center, a heated indoor pool, sundry shops and event space. Currently, Aligned has a portfolio of 20 properties.
RIYADH’S ADR, REVPAR TOUCH RECORD HIGHS: Riyadh’s hotel ADR and RevPAR touched record highs in October, according to preliminary October data from CoStar.
- Occupancy: 77.5% (+8%)
- ADR: SAR1,055.28/$281.17 (+38.3%)
- RevPAR: SAR818.05/$217.96 (+49.3%)
The performance was boosted by the World Combat Games, held between October 20-30, and the Future Investment Initiative 7th Edition (October 24-26). The four-day period between October 22 and 25 reported the highest daily ADR levels ever recorded, with October 24 taking the top spot (at SAR1,929.64/$514.15). The previous daily ADR record was seen in January 2019 (SAR1,415.20/$377.07). Occupancy levels touched the highest in October on October 23 (94.8%) and October 24 (94.4%). Overall, Riyadh’s occupancy levels were higher than 60% through October, barring three days.