IRHM, Your Global Window into Real Estate and Hospitality

July 3, 2026

Hotels & Resorts

Modon Holding has partnered with Montage Hotels & Resorts to launch a luxury resort and residential development on Egypt's Mediterranean coast. The project will feature 200 rooms alongside 96 exclusive branded villas for purchase within the Wadi Yemm precinct. Serving as part of the USD 35 billion Ras El Hekma mega project, the development introduces high-end international hospitality to the region.
Marriott International is set to transform Lima’s hospitality sector with two major luxury hotel conversions by 2028. The Ritz-Carlton will debut in Miraflores while a new JW Marriott will open in the San Isidro business district. These developments highlight Lima’s rising status as a premier global destination and reflect Marriott’s continued investment in high-end tourism across South America.
Marriott International has launched its City Express brand in the Asia Pacific region with the opening of two hotels in Osaka, Japan. The City Express by Marriott Shin-Imamiya and City Express by Marriott Osaka Namba South offer 243 rooms combined. These properties aim to provide affordable, high-quality stays for travelers. Located near major transport hubs, they offer easy access to Osaka’s famous shopping and dining districts.
Hyatt Hotels Corporation has signed a major master franchise agreement with Dossen Group to launch the Hyatt Select brand in the Chinese mainland. This strategic partnership focuses on the upper-midscale sector, combining Hyatt’s international reputation with Dossen’s extensive local network. The move aims to meet rising demand for affordable quality among modern travellers while providing flexible, high-value development opportunities for hotel owners across the region.
Marjan Group has appointed new senior executives to lead its development, hospitality, and lifestyle sectors in Ras Al Khaimah. Key hires include Sheikh Saqr bin Omar Al Qasimi, Alison Grinnell, and Donald Bremner as CEOs of their respective divisions. The restructure supports the Emirate’s accelerated growth and global investment strategy.
Construction has officially commenced on the EcoSapa Eco-Resort Township at the Ô Quy Hồ Tea hill in Lào Cai Province. The project is a joint venture between Ecopark Hải Dương Investment JSC and Hồng Phong Investment and Development Co., Ltd. Designed by enCity, the development aims to integrate tourism, tea culture and luxury resort living into the natural mountain landscape of northern Vietnam.

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