Ciel Dubai Marina, the world’s tallest hotel, has officially opened as part of IHG’s Vignette Collection. The 377-metre landmark, developed by The First Group, features 82 floors and one of the world’s highest infinity pools. The hotel offers several destination dining venues, including the UK-born Asian restaurant Tattu, which culminates in the Sky Lounge & Terrace on Level 81. The property offers a spa, 24-hour gym, and a partnership with the International Centre for Culinary Arts (ICCA) to support culinary talent.
JLL Capital Markets announced it had arranged a $43.27 million floating-rate construction loan for 5400 South, a three-building industrial warehouse development in West Valley City, Utah. The project, totalling 470,334 square feet, is being developed by ViaWest Group and GEM Realty Capital. The scheme will offer flexible units from 19,500 to 218,499 square feet, with features including 32 to 36-foot clear heights and 110 dock-high doors.
IHG Hotels & Resorts has signed a dual management agreement with Mosa bin Abdul Aziz Al-Mosa and Sons Real Estate Holding Co. to launch two new hotels in Saudi Arabia. The hotels are the 232-key Crowne Plaza Al Khobar Al Bandariyah and the 106-key Holiday Inn Riyadh Rose Yard. The Crowne Plaza is expected to open in Q1 2027 near the Corniche, while the Holiday Inn, opening in late 2026, will feature the brand’s modern Open Lobby concept in Riyadh’s Al-Suwaidi district.
The Ascott Limited has launched a global, open-access Disability Inclusion Playbook for the accommodation sector, setting a new benchmark for inclusive hospitality. Developed with Colorful Earth and supported by SG Enable, World Sustainable Hospitality Alliance, and Valuable 500, the Playbook details guidance across five key pillars: Training, Spaces, Hiring, Digital Interfaces and Programmes. This initiative addresses the underserved market of an estimated 1.3 billion travellers with disabilities.
Efforts to deliver 100,000 mixed housing units across the South-East region of Nigeria have commenced following a major agreement in Enugu. The $10 billion (N15 trillion) Public-Private Partnership (PPP) is between the Igboebinie Plc consortium and Hand of God Construction Company Limited. The project will feature smart city designs and will create an estimated three million jobs. The development aims to tackle Nigeria’s significant housing deficit and redefine urban infrastructure, positioning the region as a hub for investment and sustainable living.
Verdion and Legal & General’s Industrial Property Investment Fund (IPIF) have secured a key urban logistics development site in the London Borough of Greenwich. The 2.6-acre brownfield site on Nathan Way has a GDV of £30 million. This deal marks the first collaboration between the two firms. Verdion will act as the developer, creating 78,987 sq ft of new floorspace across six small to mid-box units.
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