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.
Marjan and RAK Hospitality Holding have announced a landmark merger to create one of the UAE’s largest integrated real estate and hospitality developers. The combined entity will operate under the Marjan brand, leading key projects including Al Marjan Island, RAK Central, Marjan Beach, and a new Jebel Jais masterplan, driving Ras Al Khaimah’s Vision 2030 for sustainable tourism and investment.
LuLu International Holdings and Mulk International have joined forces to develop Mirkaaz Mall by LuLu, a mixed-use Freezone retail hub in Ajman. The 2.5 million-square-foot project, part of the T10 Mirkaaz City development, aims to establish a new benchmark for shopping and community living in the Northern Emirates.
REMAX® has expanded into North Africa with the sale of REMAX Morocco, a new master franchise headquartered in Casablanca. Led by Rachida Khalil and Bilal Dabri, the venture aims to establish more than 100 franchises and recruit over 1,000 agents, further strengthening REMAX’s position as the world’s most productive real estate network.
Riyad Capital has partnered with the Saudi Railway Company (SAR) to establish a SAR 6 billion real estate fund for a mixed-use Transit Oriented Development project in Makkah. Located near the Haramain High-Speed Railway Station, the 90,000-square-metre site will feature hotels, commercial centres, and residences, supporting Saudi Vision 2030’s goals of urban growth and investment diversification.
Global real estate investment manager Invesco Real Estate and Logistics Capital Partners have announced a £250 million logistics and industrial park in Thamesmead, London. Covering 67 acres, the project will provide 800,000ft² of new industrial space and is expected to generate 1,500 jobs, alongside meeting top-tier sustainability standards.
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