M SOCIAL OPENS IN PHUKET: M Social Hotel has announced the opening of M Social Phuket in Thailand. Located in Patong, the hotel is close to the Patong Beach. The upscale hotel features 418 rooms and suites, two restaurants, two pool bars and a ballroom. This is the sixth M Social to open globally, joining other hotels in destinations like Singapore, New York and Paris. This also marks the first hotel by Millennium Hotels & Resorts.
MELIÁ HOTELS ADDS IN DUBAI: Meliá Hotels International has expanded its presence in Dubai with the signing of a new Gran Meliá hotel in Port de La Mer, a new luxury destination in the Jumeirah One Beach area, in collaboration with Albwardy Investment LLC. Owned by Albwardy Investment, Gran Meliá Dubai Jumeirah will have 380 rooms and suites with ocean and city skyline views. The beachfront resort will offer direct access to the marina, event spaces for up to 1,000 persons and wellness and fitness facilities. With architecture and landscape designed by MOMA, deserting & Lagranja, the resort is expected to have multiple dining options. Slated to open in Q4 2025, the resort will be the brand’s first hotel in the U.A.E. Meliá Hotels established its presence in Dubai in 2018 with the opening of Meliá Desert Palm. Meliá already manages seven properties owned by Albwardy Investment and is preparing for an upcoming opening in Seychelles. Currently, Gran Meliá has 17 operating hotels and seven more in the pipeline.
U.S. PERFORMANCE IMPROVES: Hotel performance in the U.S. improved from last week and YOY comparisons also stayed positive, according to CoStar’s data through October 7.
- Occupancy: 67.8% (-0.2%)
- ADR: $163.19 (+5.4%)
- RevPAR: $110.68 (+5.2%)
Percentage changes were positive on weekdays because of comparisons with the Yom Kippur period in 2022. Performance levels were noticeably higher during the long holiday weekend, but occupancy was still muted YOY. Among the top 25 markets, only Chicago witnessed a double-digit gain in occupancy (+11.2% to 74.9%). New York City saw the highest increase in ADR (+13.9% to $358.81). Boston posted the largest YOY gain in RevPAR (+23.1% to $242.49). Tampa registered the steepest declines in occupancy (-18.5% to 65.2%) and RevPAR (-18% to $102.38).
PALACE DES NEIGES SELLS: Monte-Carlo S.B.M. Group has acquired the Palace des Neiges in Courchevel, France. Other terms of the transaction were not disclosed. The hotel, located in the Jardin Alpin district in the French Alps, will undergo extensive renovations. The resort will be operated till the 2023-24 winter by the Alp’Azur group. The renovation will commence in April 2024. The acquisition was part of the strategy since Stéphane Valeri became chairman and CEO of Monte-Carlo.
ORLANDO EMBASSY SUITES COMPLETES RENOVATION: Embassy Suites by Hilton Orlando North has completed a multi-million-dollar renovation. The all-suite hotel underwent extensive renovations for 154 months, which included updates to all its rooms, lobby, atrium area, restaurant and over 7,200 square feet of event spaces. The hotel has also added a new open-concept breakfast area near Cranes Roost Lake, the hotel features 277 rooms. The hotel also consists of an open atrium, a fitness center, an indoor pool and a hot tub.