IRHM, Your Global Window into Real Estate and Hospitality

January 2, 2026

Hotels & Resorts

IHG Hotels & Resorts has announced the signing of InterContinental Prague, bringing the iconic luxury brand back to the Czech capital. The 137-key property, set to open in the first half of 2029, is a partnership with Generali Real Estate and involves the extensive transformation of a historic building in Prague’s Old Town dating back to 1839. This key signing strengthens IHG’s luxury portfolio in Central and Eastern Europe.
Hyatt Hotels Corporation has debuted an integrated hospitality destination in Shanghai's Lingang district with the grand opening of three new hotels. The complex includes the Hyatt Regency Shanghai Lingang, Hyatt Place Shanghai Lingang Xinchen International Conference Center, and Hyatt Place Shanghai Lingang. The properties share an "artistic exploration" design theme, referencing the region's maritime heritage. The offering is tailored to business travellers, leisure guests, and those requiring extended stays.
Hyatt Hotels Corporation is planning a major expansion across Portugal and Cape Verde with four new hotel openings by 2027. The expansion includes two lifestyle brands in Lisbon: Andaz Lisbon and The Standard, Lisbon. The Hyatt Regency brand will add properties in Vilamoura Algarve, targeting sports tourism, and in Cape Verde, on the island of Sal. These planned openings reflect Hyatt’s strategy to meet increasing demand for high-quality accommodation in key global markets.
Pan Pacific Hotels Group has signed a management agreement for PARKROYAL Serviced Suites Manila Bay, marking another step in its long-stay expansion across Southeast Asia. The 169-suite project, located within a mixed-use development in Metro Manila, is expected to open in the first half of 2027 as demand for extended-stay accommodation continues to rise in the region.
Brassbell Hospitality Group has launched Fanaya Hotel in Jeddah, its first property in Saudi Arabia and the foundation of a wider expansion strategy. The art-driven hotel features curated creative spaces, bespoke design collaborations, and 51 suites, reinforcing the Group’s commitment to culturally inspired hospitality as the Kingdom’s tourism sector continues to accelerate.
Global lifestyle operator Kerten Hospitality is expanding its presence in Saudi Arabia with the announcement of the Cloud 7 Al Murjan Island Resort - Dammam. Located on the Eastern Province waterfront, the resort is part of a visionary mixed-use development combining hospitality, leisure, entertainment, and wellness. The resort will introduce a distinctive coastal concept featuring 74 overwater chalets. It will also include Nyssa Beach, a ladies-only beach club offering extensive wellness, spa, and fitness facilities designed to support the Dammam women's community.

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