IRHM, Your Global Window into Real Estate and Hospitality

June 5, 2026

Hotels & Resorts

Hilton has announced plans to introduce its premium economy brand, Spark by Hilton, to Italy following an agreement with ELE Spa. The 118-room Spark by Hilton Milan Linate Airport is scheduled to open later this year, situated near the terminal. This property will be the eleventh Hilton brand to establish a presence or enter the development pipeline across Italy.
Frasers Hospitality has announced the soft opening of Capri by Fraser in George Town, Penang. Located at 31 Jalan Magazine near the UNESCO World Heritage Site, the 22-storey property marks the brand's debut in the region. The hotel features 248 rooms and residences, integrated heritage architecture and partnerships with local artists and food brands to establish a new social hub.
Marriott International is set to transform Lima’s hospitality sector with two major luxury hotel conversions by 2028. The Ritz-Carlton will debut in Miraflores while a new JW Marriott will open in the San Isidro business district. These developments highlight Lima’s rising status as a premier global destination and reflect Marriott’s continued investment in high-end tourism across South America.
Marriott International has launched its City Express brand in the Asia Pacific region with the opening of two hotels in Osaka, Japan. The City Express by Marriott Shin-Imamiya and City Express by Marriott Osaka Namba South offer 243 rooms combined. These properties aim to provide affordable, high-quality stays for travelers. Located near major transport hubs, they offer easy access to Osaka’s famous shopping and dining districts.
Hyatt Hotels Corporation has signed a major master franchise agreement with Dossen Group to launch the Hyatt Select brand in the Chinese mainland. This strategic partnership focuses on the upper-midscale sector, combining Hyatt’s international reputation with Dossen’s extensive local network. The move aims to meet rising demand for affordable quality among modern travellers while providing flexible, high-value development opportunities for hotel owners across the region.
The St. Regis Budapest has officially opened within the historic Klotild Palace. This marks the luxury brand's first entry into the Hungarian market. Located near the Danube, the hotel restores a Belle Époque landmark to offer high-end accommodation and signature butler services. The development features over 100 guestrooms and suites alongside exclusive dining venues, further strengthening the presence of the St. Regis brand in Europe.

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