Hilton has marked the lifestyle brand’s debut in Medellín, Colombia, with the opening of the 111-suite York Medellin, Curio Collection by Hilton. This is the 27th Hilton property in Colombia and the third Curio Collection hotel in the country. Situated in the exclusive El Poblado neighbourhood, the hotel features stylish suites, fully equipped kitchens, and smart technology.
IHG Hotels & Resorts has officially launched its Garner by IHG brand in Southeast Asia with the opening of the 153-room Garner Hotel Pattaya Central in Thailand. The brand focuses on delivering quality, affordable and "easy going stays" in central locations. Situated in the heart of Pattaya, the hotel is a two-hour drive from Bangkok and is steps away from Pattaya Beach and major shopping malls like Terminal21.
Penta Real Estate has formally entered the UK property market by acquiring two residential development sites in London's Canary Wharf and Nine Elms. The projects, which represent an investment of over GBP 700 million, will collectively deliver more than 680 new apartments. The developments, which began construction this year and are set for completion in 2029, are being undertaken through an equal-share joint venture with the established London developer Ballymore.
Brookfield and Qai, the AI subsidiary of Qatar Investment Authority, have announced a $20 billion strategic joint venture focused on artificial intelligence infrastructure. The partnership will develop fully integrated AI facilities in Qatar to support its burgeoning digital ecosystem. The Integrated Compute centre is set to expand high-performance compute access regionally, aligning with Qatar’s ambition to become a major AI hub in the Middle East, advancing its National Vision 2030.
Alexander & Baldwin Inc. (A&B), a major Hawaiʻi commercial real estate owner, has entered a definitive merger agreement to be acquired by a joint venture including MW Group, Blackstone Real Estate, and DivcoWest. The all-cash deal values the company at approximately $2.3 billion, with shareholders receiving $21.20 per share, a 40.0 per cent premium. A&B, the largest owner of grocery-anchored shopping centres in Hawaiʻi, will become a private company following the expected closure in the first quarter of 2026. The investor group has pledged to retain the company's local focus, leadership, and brand, alongside a commitment to invest over $100 million into the property portfolio.
ACWA Power and Bapco Energies have entered into a Joint Development Agreement for a major solar power plant situated in Saudi Arabia's Eastern Province. Announced at the Saudi–Bahraini Coordination Council meeting in December 2025, the project’s initiative is to support Bahrain's national energy needs and accelerate its shift to renewables, while reinforcing its role as a regional energy export hub.
![[IRHM] logo](https://irhmagazine.com/wp-content/uploads/2025/08/IRHM-AWARDS-2025-1024x683.jpg)
