Modon has successfully sold out Bashayer, its first waterfront residential community on Hudayriyat Island, generating AED 3 billion in sales within one day of its launch. The development consists of 157 villas and 330 premium apartments located in low-rise terraced buildings. The exceptional demand reinforces Hudayriyat Island's position as a highly desirable residential destination for both local and international investors.
Chedi Hospitality, a global curator of design-led hotels, resorts, and branded residences, has appointed Stephan Schupbach as its new President & Group Chief Executive Officer. With over three decades of international experience in the luxury hospitality sector, Mr Schupbach will now lead the company’s long-term strategy, brand vision, and portfolio performance.
The Ritz-Carlton Key Biscayne, Miami has reopened following a striking $100 million transformation led by Gencom and acclaimed design studios. The renewal introduces a modern coastal glamorous aesthetic across its seventeen-acre beachfront setting, revitalising all accommodations, public spaces, and amenities.
Aleph Hospitality has been appointed to manage the first Tapestry Collection by Hilton hotel in Dammam, Saudi Arabia, a new 84-key property owned by AREA Investment and Real Estate scheduled to open in 2027. This venture strengthens Aleph’s relationship with Hilton, making this their third Tapestry Collection management contract.
IHG Hotels & Resorts has signed a key management agreement with a SEDCO Capital-managed investment fund for the Hotel Indigo Grand Square Jeddah, marking a significant entry into the Kingdom's growing lifestyle travel segment. This 150-key hotel will serve as the core hospitality component of the Grand Square mixed-use project, a major urban development integrating retail and office spaces.
The Grand, York has completed a £2.8 million renovation to launch SubRosa, a state-of-the-art new spa located within the hotel’s historic vault. The spa offers a unique wellness concept blending global traditions, such as Moroccan-inspired marocMaroc rituals, with scientifically advanced products, notably becoming the first spa in the North of England to offer SeaBody’s marine bioactive treatments.
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