Sun Group and Marriott International have signed a major agreement to develop 10 new hotels and resorts in Vietnam by 2030. The partnership will add nearly 4,500 rooms in Phu Quoc and Vung Tau, introducing brands like W Hotels and Moxy to the country. This expansion supports Vietnam's goal of becoming a top global destination and strengthens its infrastructure ahead of international events like APEC 2027.
Minor Hotels has launched the Colbert Collection, a new global premium brand debuting in Italy in spring 2026. Inspired by iconic European bistros, the collection focuses on independent hotels that prioritise cultural and culinary expression. This move marks a shift towards asset-light growth, allowing independent owners to access global distribution systems while maintaining their unique local identity across future sites in the UK, Spain, Austria and the UAE.
Global hospitality firm Banyan Group has announced its first US project with the launch of Banyan Tree Residences West Palm Beach. Developed alongside Mast Capital and Curated JCZM Development, the luxury tower features 88 homes designed by a collective of world-renowned architects and designers. The project marks a major milestone for the brand as it brings its signature wellness-focused residential model to the South Florida market.
REEP Residential has appointed industry veteran Debbie Waitrek as its new Vice President. With over 30 years of experience, Waitrek will oversee operations and team mentorship across the firm's Texas portfolio. The move signals a strategic push to improve resident services and operational efficiency. Waitrek joins from a background of high-level leadership roles and significant advocacy work within the national and state apartment associations.
UN Tourism has taken a significant step toward modernising how the sector is tracked within the global economy. During the 57th session of the United Nations Statistical Commission, new standards were backed to better measure tourism's role in international trade and environmental sustainability. The move aims to provide governments and businesses with reliable, comparable data to guide future economic policy and green reporting.
EQT Real Estate has acquired a nine-building industrial portfolio in Southern New Jersey through its Logistics Value Fund VI. The 2 million square foot acquisition is situated along the vital I-95/I-295 corridor, providing access to over 130 million consumers. The firm plans to modernise the assets through targeted capital improvements and leasing initiatives to meet the high demand for infill logistics space in the Northeast.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
