MANDARIN ORIENTAL OPENS SECOND LONDON HOTEL: Mandarin Oriental has added another hotel in London with the opening of Mandarin Oriental Mayfair on the Hanover Square. The boutique sister property to Mandarin Oriental Hyde Park features 59 rooms and suites, 77 residences, a restaurant (marking the London debut of Chef Akira Back), two bars and a spa. The hotel is among the first new-build hotels to open in Mayfair in more than 10 years. Designed by Rogers Stirk Harbour + Partners, the hotel showcases a Vierendeel structure, one of the first in the U.K. The rooms and residences have been designed by British-based Studio Indigo. The property has been developed and owned by Clivedale London, an independent, Mayfair-based developer. Mandarin Oriental currently operates 40 hotels, 12 residences and 23 exclusive homes across 26 countries, with more projects under development.
PARK PLAZA BANGKOK TO REBRAND: Radisson Hotel Group is bringing its Radisson RED brand to Bangkok with Radisson RED Bangkok Sukhumvit 18. Park Plaza Bangkok Soi 18 will be reimagined and rebranded to open as the Radisson RED-branded hotel. Located in Sukhumvit, the art-inspired lifestyle hotel will open in Q4 2025. The hotel will offer 125 redesigned rooms equipped with RED beds, a fitness center, rooftop pool and bar and meeting spaces. The hotel is owned by Park Royal Co. Thailand is one of Radisson’s key markets, with a portfolio of 14 hotels in operation or under development.
$41M LOAN FOR ALOFT BROOKLYN: BHI, the U.S. arm of Bank Hapoalim and a full-service commercial bank, has provided a $41 million term loan to the Lam Group to refinance Aloft by Marriott New York Brooklyn. Lam Group has been managing and operating the 24-story, 176-key hotel in Brooklyn since 2011. Founded by the Lam family in the 1970s, the Lam Group is headed by CEO and Chairman John Lam. The group has several hotels in Manhattan, with developments in SoHo, Chelsea and midtown and downtown Brooklyn.
AENDRE LAUNCHES, SECURES FINANCIAL BACKING: AENDRE Group, a real estate platform focused on the development and conceptualization of lifestyle aparthotels, has officially launched. The group secured financial backing from the newly created private equity firm, JuneX Capital Partners, and co-investor New End to execute on its plan on creating and scaling disruptive hospitality brands. AENDRE will be transforming office buildings and hotels in London and gateway cities across Europe into lifestyle extended stay hotels. The group was founded by Eric Jafari, the former co-founder and chief development officer at Brookfield-backed edyn. Prior to this, Jafari was the co-founder and MD of Union Hanover Securities.