IHG Hotels & Resorts signs four properties in Spain
This move will expand IHG's presence in Spain to nearly 13,000 open and signed rooms.
20 September 2024
20 September 2024
This move will expand IHG's presence in Spain to nearly 13,000 open and signed rooms.
The total transaction of the two deals is valued at $26.5m, including a $7.1m cash component and the assumption of debt.
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The 16th-century palace has been restored to offer guests a blend of Renaissance grandeur and contemporary comfort.
The new hotel in Vijayawada will offer 44 rooms, a restaurant, a meeting room, and banquet facilities.
The newly opened hotel features suites, a grocery delivery service, a swimming pool and other amenities.
Peachtree Group has acquired six new hotels, including Marriott and Hilton properties, so far this year amid a market slowdown.
The overhaul offers a redesigned lobby, refreshed guest rooms and suites, and enhanced meeting and event spaces.
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