ASFAR, the PIF-backed Saudi Tourism Investment Company, has opened Gamra Mountain Resort in Saudi Arabia’s Al Baha region. Spanning 21,000 square metres, the 30-room luxury property supports Saudi Vision 2030 by expanding hospitality infrastructure outside major hubs. Operated by Accor’s Mantis brand in partnership with IHCC, the resort incorporates local products and community engagement to drive sustainable regional economic growth.
Southern Land Company will construct a 1,271-acre master-planned community inside Chatham Park in Pittsboro, North Carolina. The development features a private golf club designed by Tom Fazio, offering an 18-hole main course, a 9-hole short course and modern practice facilities. Located 30 miles from Raleigh, the project combines residential and mixed-use spaces, representing a major real estate investment for the Research Triangle region.
KKR and its European industrial platform, Mirastar, have acquired an eight-property UK logistics portfolio from Ares Real Estate funds. Spanning 2.7 million square feet across key distribution hubs like Milton Keynes and Doncaster, the fully occupied assets feature a nine-year weighted average lease term to break. Supported by strong sustainability ratings and investment-grade tenants, the acquisition expands Mirastar’s European presence.
Hunt Sports Development has partnered with Peak Curated Development and VENU to build a mixed-use district on the east side of Frisco's Toyota Stadium. Set for a 2027 groundbreaking, the project features a 290-room hotel, a flexible convention centre, and dining outlets. The scheme complements a planned west-side office expansion and supports ongoing stadium renovations, cementing the venue as a year-round entertainment hub.
Sun Group, Vietnam National Petroleum Group (Petrolimex) and National Commercial Bank (NCB) have signed strategic cooperation agreements in Phu Quoc. The deal expands linkages across energy, finance, aviation and tourism ahead of the APEC 2027 summit. The alliance includes sustainable aviation fuel research, electric vehicle charging rollout and dedicated banking solutions, strengthening operational capacity and green transformation initiatives across the region.
Frasers Hospitality has launched Fraser Suites Reserve, a new luxury serviced living brand aimed at discerning extended-stay global travellers. The brand’s initial location, Fraser Suites Reserve Bangkok, will begin a phased opening in December 2026 at One Bangkok. Featuring 255 units, integrated kitchenettes, dining concepts and an extensive wellness hub, the development combines home-like independence with upscale hospitality standards.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
