Hyatt Hotels Corporation has officially opened Hyatt Place Jiaxing Nanhu, debuting the brand in the historic water town of Jiaxing, China. The new 241-room hotel expands Hyatt's presence in the Yangtze River Delta region, offering modern rooms, 24-hour dining and business amenities near South Lake.
Abu Dhabi developer Aldar has unveiled The Orchids, a new gated community within its established Yas Acres development on Yas Island. The project introduces 217 family homes, including townhouses and villas, designed around central parks and sports facilities. Residents will gain access to the wider masterplan, which features premium leisure options and sits close to local international schools and major entertainment hubs.
Hilton has launched Undergraduate by Hilton, a new upper-midscale hotel brand targeting university and college towns. Designed to complement the Graduate by Hilton chain, the brand features a flexible development model for new builds and conversions. Hilton aims to open the first property in 2027, with a long-term expansion target of 400 to 500 hotels globally.
Warren Buffett's investment conglomerate Berkshire Hathaway has agreed an all-cash takeover of American housebuilder Taylor Morrison. The deal values the firm at an $8.5 billion enterprise value, offering shareholders a 24% premium. Taylor Morrison will delist from the New York Stock Exchange and become a private entity, though the current executive team will continue to run the business operations.
Frasers Hospitality has announced the soft opening of Capri by Fraser in George Town, Penang. Located at 31 Jalan Magazine near the UNESCO World Heritage Site, the 22-storey property marks the brand's debut in the region. The hotel features 248 rooms and residences, integrated heritage architecture and partnerships with local artists and food brands to establish a new social hub.
Dubai South and Majid Al Futtaim have partnered to launch a massive AED 62 billion mixed-use community spanning 22 million square feet. Located near Al Maktoum International Airport, the project features residential areas, retail zones and a large shopping mall. The development aims to support the long-term economic expansion of Dubai by creating a future-ready urban hub.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
