PineStone Asset Management Inc. recently raised its position in Hilton Worldwide by 39.4%, according to an SEC filing. This significant purchase expanded the fund’s total shares to 844,534, reflecting a notable move within the hospitality sector.
Safestay has signed a lease for a new 300-bed hostel located in a historic monastery in Naples. This move marks a significant expansion for the company, combining heritage with modern hospitality to offer unique accommodations for travelers.
Visit The Woodlands plans to reassess its hotel and convention spaces as international conventions increasingly choose the area for events, according to President Nick Wolda. The last study was conducted in 2020, and growing demand now necessitates a fresh evaluation.
Melco Resorts & Entertainment has achieved its goal of sourcing 100% cage-free eggs across its global portfolio ahead of its 2025 target. This milestone underscores the company’s commitment to sustainable sourcing and animal welfare in its food and beverage operations worldwide.
JW Marriott has officially opened its first property in New Zealand, the reimagined JW Marriott Auckland, following a multi-million-dollar renovation that blends indigenous design with modern wellness. This launch marks a significant milestone for the brand and introduces world-class hospitality to Auckland.
Tata Group’s Indian Hotels Company Limited (IHCL) is poised to expand its portfolio to 380 hotels by launching properties at 100 new locations in FY2025. This significant expansion marks a major milestone for the hospitality giant.
Just 200 meters from Jaipur Airport, the newly opened Cygnett Inn Airport offers travelers unparalleled convenience and luxury with 45 stylish rooms and a rooftop bar overlooking the runway. This marks Cygnett Hotels & Resorts’ third establishment in the Pink City, reinforcing its commitment to growth and exceptional hospitality.
Tata Group’s IHCL is charting a robust growth path, focusing on strong markets and balancing capital-light and capital-heavy investments under Chhatwal’s leadership. The company aims to optimize growth strategies to strengthen its market position.