IRHM, Your Global Window into Real Estate and Hospitality

January 2, 2026

Hospitality

The Social Hub has unveiled proposals for a £200 million hospitality and community complex in Edinburgh’s Fountainbridge, marking its second UK venture. The project would bring a 560-bed hybrid hotel, coworking areas, and public spaces to the long-derelict former Fountain Brewery site, aligning with wider regeneration plans for the neighbourhood.
OYO parent PRISM–backed OYO Assets has raised INR 125 crore in new investment led by InCred, strengthening its plans to acquire hotels across India’s premium and mid-premium segments. The funding will support expansion into key leisure and business destinations while reinforcing the company’s asset management strategy and ongoing hotel acquisition pipeline.
Brassbell Hospitality Group has launched Fanaya Hotel in Jeddah, its first property in Saudi Arabia and the foundation of a wider expansion strategy. The art-driven hotel features curated creative spaces, bespoke design collaborations, and 51 suites, reinforcing the Group’s commitment to culturally inspired hospitality as the Kingdom’s tourism sector continues to accelerate.
Global lifestyle operator Kerten Hospitality is expanding its presence in Saudi Arabia with the announcement of the Cloud 7 Al Murjan Island Resort - Dammam. Located on the Eastern Province waterfront, the resort is part of a visionary mixed-use development combining hospitality, leisure, entertainment, and wellness. The resort will introduce a distinctive coastal concept featuring 74 overwater chalets. It will also include Nyssa Beach, a ladies-only beach club offering extensive wellness, spa, and fitness facilities designed to support the Dammam women's community.
Travel technology company Amadeus is integrating SmartRyde, a leading Japanese provider of pre-booked airport transfers, into its platform. SmartRyde's service, which spans over 1000+ airports globally, will be available through Amadeus Transfers from next month. The initial launch will target travel sellers in Japan and South Korea. The partnership aims to simplify ground transportation, allowing travel agents to offer end-to-end itineraries.
UN Tourism has appointed influential digital creator Khaby Lame as its newest Ambassador during the General Assembly in Riyadh, Saudi Arabia. This partnership is aimed at engaging digital-first audiences globally. In his new role, Mr. Lame will use his platform to promote responsible tourism, advocate for sustainable practices, and support cultural heritage. His work will focus on showcasing tourism as a powerful vehicle for development, job creation, and unity.

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