IRHM, Your Global Window into Real Estate and Hospitality

January 2, 2026

Luxury Hotels

IHG Hotels & Resorts has announced the signing of InterContinental Prague, bringing the iconic luxury brand back to the Czech capital. The 137-key property, set to open in the first half of 2029, is a partnership with Generali Real Estate and involves the extensive transformation of a historic building in Prague’s Old Town dating back to 1839. This key signing strengthens IHG’s luxury portfolio in Central and Eastern Europe.
Dar Global, the London-listed luxury real estate developer, and The Trump Organization have announced a major joint venture for the Maldives. The partnership includes the debut of the Trump International Hotel Maldives and the launch of the world’s first tokenised hotel development tied to the project. Located 25 minutes from Malé, the hotel will feature 80 ultra-luxury beach and overwater villas and is expected to open by the end of 2028.
Ciel Dubai Marina, the world’s tallest hotel, has officially opened as part of IHG’s Vignette Collection. The 377-metre landmark, developed by The First Group, features 82 floors and one of the world’s highest infinity pools. The hotel offers several destination dining venues, including the UK-born Asian restaurant Tattu, which culminates in the Sky Lounge & Terrace on Level 81. The property offers a spa, 24-hour gym, and a partnership with the International Centre for Culinary Arts (ICCA) to support culinary talent.
IHG Hotels & Resorts has signed a dual management agreement with Mosa bin Abdul Aziz Al-Mosa and Sons Real Estate Holding Co. to launch two new hotels in Saudi Arabia. The hotels are the 232-key Crowne Plaza Al Khobar Al Bandariyah and the 106-key Holiday Inn Riyadh Rose Yard. The Crowne Plaza is expected to open in Q1 2027 near the Corniche, while the Holiday Inn, opening in late 2026, will feature the brand’s modern Open Lobby concept in Riyadh’s Al-Suwaidi district.
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.
Kimpton is set to expand its luxury presence in Arizona with the debut of Kimpton Miralina Resort & Villas in Paradise Valley. Opening in early 2026, the 42-acre property will be the first IHG luxury brand in the area, offering guests a contemporary desert retreat with high-end amenities, multiple dining venues, and sweeping mountain views.

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