VOCO’S INDIAN DEBUT: IHG Hotels & Resorts has signed a management agreement with India-based Satyadeo Hospitality Pvt. Ltd. to convert the Corbet Aamond Spa & Resort into India’s debut voco hotel. The new voco Jim Corbett will be rebranded by July 2024 and will add 100 rooms to IHG’s premium portfolio in India. The signing also represents the launch of the seventh brand from IHG’s global portfolio in the Indian market. Located near the leisure destination of Jim Corbett National Park in North India, the hotel will have an all-day dining restaurant and bar, a pool, gym, spa and banquet and meeting areas. IHG currently has 44 hotels across five brands in SWA and a pipeline of 37 hotels set to open in the next two to three years.
MARRIOTT BONVOY, MAN U OFFER: Marriott Bonvoy, Marriott International’s loyalty program, has launched exclusive offers for its members that will give them behind-the-scenes access to Manchester United for the rest of the 2022-2023 season. Members can bid on opportunities for exclusive access, including an overnight stay in Old Trafford Stadium, access to visit the pitch and the opportunity to travel to Barcelona with the team. This is the fourth year Marriott Bonvoy is teaming up with Manchester United.
HEI ADDS TO MANAGEMENT PORTFOLIO: HEI Hotels & Resorts, based in Norwalk, Conn., has assumed management of the 312-room Austin Southpark Hotel. Owned by London-based L+R Hotels, Austin Southpark Hotel participates in Marriott International’s reservation system and will become a Tribute Portfolio hotel once renovations are completed later this year. The hotel includes a restaurant, lobby lounge, swimming pool and 15 meeting rooms comprising over 21,000 square feet of meeting and event space. HEI owns or operates more than 95 luxury, upper upscale and upscale independent and branded properties in the U.S.
MINNESOTA MARRIOTT SELLS AT DISCOUNT: MN Opus VII LLC has acquired the 323-room Minneapolis Marriott Southwest in Minnetonka, Minn., for $23.6 million from Denver-based Sage Hospitality, according to a public filing with the Minnesota Department of Revenue. The sale included over $7 million in furniture, fixtures and equipment, along with “intangible property,” as per the public filing. The purchase price was $9.5 million less than the last time it transacted in 2014, a discount of 29%. The new owner paid around $73,000 per room in the deal, while Sage paid more than $102,000 per room when it purchased the hotel. The 17-story hotel has more than 14,000 square feet of meeting and events space and a restaurant and bar.