Red Sea Global (RSG) has secured SAR 6.5 billion ($1.73 billion) in green financing from a consortium of Saudi banks to accelerate the development of AMAALA, its flagship luxury wellness destination on the Red Sea coast. Led by Riyad Bank, the facility aligns with RSG’s Green Loan Framework and marks the company’s latest milestone in sustainable tourism investment.
The Weitz Company has broken ground on the new Four Seasons Resort and Residences Telluride in Colorado, marking the start of construction on Mountain Village’s last snow-front development site. The 532,000 sq ft project will deliver 52 hotel rooms, 43 hotel residences, and 26 private residences, setting a new benchmark for luxury mountain living.
Hilton has announced plans to double its presence in Oman with the signing of three new hotels at Muscat’s Barr Al Jissah, including the Sultanate’s first Waldorf Astoria. Opening in January 2026, the Waldorf Astoria Muscat Al Husn, Hilton Muscat Al Bandar, and DoubleTree by Hilton Muscat Al Waha will introduce 680 new rooms, 15 dining venues, and extensive leisure facilities to Oman’s tourism landscape.
Hyatt Hotels Corporation and Homeinns Hotel Group have signed a master franchise agreement to launch 50 Hyatt Studios hotels across China’s emerging cities. The collaboration expands Hyatt’s upper-midscale footprint and reinforces its long-term growth strategy in one of its key global markets.
Hilton has announced the launch of its Tapestry Collection by Hilton brand in Sub-Saharan Africa, with new signings in South Africa, Kenya, and Rwanda. The expansion supports Hilton’s plan to nearly triple its footprint across the continent to more than 160 hotels.
IHG Hotels & Resorts has launched InterContinental Residences Bangkok Asoke, its first standalone branded residences project in Bangkok. Scheduled for completion in 2029, the development will feature 88 luxury units and is a joint venture with CG Capital, marking a significant step in IHG’s expansion into the standalone branded residential market.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
