Radisson Hotel Group has signed Atiara Ubud Bali, A Radisson Collection Resort, marking the entry of its luxury lifestyle brand into Indonesia, with the property set to open in 2027.
Naumi Hotels has opened its first Middle East property with a 237-room hotel in Dubai’s Barsha Heights. The Singapore-based boutique group, which operates eight properties globally, says the move marks the start of a wider regional expansion.
Dubai Holding Investments and Brookfield Properties have launched Solaya, a luxury residential development in Jumeirah 1. The beachfront project, unveiled under Dubai Holding’s Meraas brand, will feature 234 homes designed by Foster + Partners, with amenities ranging from private pools to a residents’ lounge.
Fermi, co-founded by former U.S. energy secretary Rick Perry, has raised $682.5 million in a U.S. IPO, reflecting strong demand for AI-driven data infrastructure. The Texas-based company, valued at $12.46 billion, is building a massive energy and data campus set to supply 11 GW of power by 2038.
Apaleo has become the first hospitality property management platform to launch a Model Context Protocol (MCP) Server, giving AI agents the ability to perform hotel operations across multiple systems without custom integrations.
Dubai’s FIVE Holdings has secured a $460m revolving credit facility to fuel global growth and repay debt early. The group plans to invest $500m over the next two years, expanding in Dubai and Ibiza while moving into the US and Asia.
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