Ennismore has signed The Hoxton, Madrid, marking its first property in the Spanish capital and the brand’s second in Spain following Barcelona. Opening in 2026 on Plaza de Santa Ana, the hotel will feature 192 rooms, a rooftop bar, and Il Bambini Club, extending The Hoxton’s distinctive lifestyle offering across Europe as part of Ennismore’s growing pipeline.
The Energy & Environment Alliance has launched a global consultation to develop the first sector-wide sustainability accounting standards for hotels and lodging. Backed by members representing over 50,000 hotels and £360bn in capital, the initiative aims to produce audit-grade disclosure rules aligned with IFRS S1 and S2, shaping how hospitality assets are financed, insured and valued.
Aleph Hospitality has expanded its footprint in Saudi Arabia with new hotel management agreements and projects, bringing its national portfolio to 11 properties totalling 2,354 keys. Announced at the Future Hospitality Summit in Dubai, the growth spans major cities including Riyadh, Jeddah, Makkah, the Eastern Province and Abha, with the group targeting 20 hotels in the Kingdom by 2030.
NG Bailey has secured a 115,000sqft industrial unit near Leeds to support Tata Group’s £4bn battery gigafactory, the UK’s largest electric vehicle battery plant. The refurbished Shawcross 115 facility, leased from Crossbay, will serve as a key production and engineering hub, providing enhanced capacity for the project and strengthening the region’s strategic role in the EV supply chain.
Lovett Industrial, a Houston-based real estate investment firm, has officially broken ground on Hermitage Logistics Hub, a 213,840-square-foot Class A industrial facility on 52.64 acres in Hermitage, TN. This marks the company’s second industrial development in the Nashville market, reinforcing its commitment to meet growing demand for premium logistics space in the region.
The New York City Economic Development Corporation (NYCEDC) has appointed RYBAK Development to lead the next phase of housing development at Coney Island West. The project, named Tilyou Towers in honour of Steeplechase Park founder George C. Tilyou, will transform “Parcel A,” an 80,000-square-foot city-owned lot, into more than 500 mixed-income residences, including 25 percent affordable units, alongside retail space and modernised public parking facilities.
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