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 Inter-American Development Bank Group and the Economic Commission for Latin America and the Caribbean have launched a joint data platform to address housing shortages and urban development issues in Latin America and the Caribbean. Named Housing and Urban Intelligence, the platform is the region’s first integrated data hub of its kind, launched with support from the OECD. The platform provides over 3,000 indicators, 18 country profiles, and information from more than 500 official sources.
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.
InfraPartners, a leader in prefabricated AI data centre solutions, and JLL, a global real estate and investment management company, have formed a new strategic partnership. This collaboration is designed to accelerate the development and operation of AI data centres by solving the challenge of efficient project delivery post-site identification. The unified model combines InfraPartners’ prefabricated, upgradeable digital infrastructure with JLL’s expertise in site selection, project execution, financing, and facilities management.
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.
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.
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