Kronos Homes has launched its first mixed-use tourism project in Lisbon, the €150 million MIMA development in the Parque das Nações district. A core component is MIMA Living, offering 180 residential apartments with a new concept of urban housing. The fully furnished apartments, designed by Broadway Malyan, combine contemporary architecture and flexibility. Notably, the model offers professional tourism management, allowing buyers to generate income when not occupying the homes.
Pan Pacific Hotels Group has signed a management agreement for PARKROYAL Serviced Suites Manila Bay, marking another step in its long-stay expansion across Southeast Asia. The 169-suite project, located within a mixed-use development in Metro Manila, is expected to open in the first half of 2027 as demand for extended-stay accommodation continues to rise in the region.
The Social Hub has unveiled proposals for a £200 million hospitality and community complex in Edinburgh’s Fountainbridge, marking its second UK venture. The project would bring a 560-bed hybrid hotel, coworking areas, and public spaces to the long-derelict former Fountain Brewery site, aligning with wider regeneration plans for the neighbourhood.
ROSHN Group expanded its network of construction and infrastructure partners on the final day of Cityscape Global 2025, signing land sale agreements worth SAR 115.9 million and multiple contracts with suppliers and sub-developers. The Group also renewed its finance partnership with Sakani and signed an MOU with Geberit International to introduce water-efficient sanitary solutions.
Rikaz, a leading Saudi real estate developer, has forged a strategic cooperation agreement with global design firm PLP Architecture to create the distinctive Rikaz Tower in Al Khobar. Announced at Cityscape 2025, the 63,780 square metre mixed-use development near the Corniche will feature two towers: one for private apartments and another for a luxury 150-room hotel and 80 branded hotel-serviced residential units. It is a key investment in the luxury hospitality and residential markets with an expected launch in 2026.
Global lifestyle operator Kerten Hospitality is expanding its presence in Saudi Arabia with the announcement of the Cloud 7 Al Murjan Island Resort - Dammam. Located on the Eastern Province waterfront, the resort is part of a visionary mixed-use development combining hospitality, leisure, entertainment, and wellness. The resort will introduce a distinctive coastal concept featuring 74 overwater chalets. It will also include Nyssa Beach, a ladies-only beach club offering extensive wellness, spa, and fitness facilities designed to support the Dammam women's community.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
