IRHM, Your Global Window into Real Estate and Hospitality

February 17, 2026

Tourism

Saudi Arabia's General Real Estate Authority has launched the long-awaited Real Estate Ownership System for Non-Saudi Nationals, effective from 22 January 2026. This new regulatory framework allows residents, non-residents, and international companies to own property across the Kingdom via the "Saudi Properties" digital portal. While major cities like Riyadh and Jeddah are included, specific restrictions remain for Makkah and Madinah to protect their unique status.
Hyatt Hotels Corporation has marked its latest expansion in Portugal with the opening of the Hyatt Regency Vilamoura Algarve. Following a full rebranding of the Dom Pedro Vilamoura, the hotel now offers 257 guestrooms and 21 suites designed with local Algarvian heritage in mind. Managed by DETAILS, the resort provides an upscale retreat for leisure and business guests near the town's famous marina and golden beaches.
Marriott Bonvoy has unveiled a major series of exclusive cricket experiences for its members ahead of the ICC Men’s T20 World Cup 2026. The hotel giant is offering over 500 bespoke packages for the tournament, which will be hosted across India and Sri Lanka. Highlights include the "Golden Ticket" prize, giving winners a luxury trip to the finals, and "1-Point Drops" for high-demand matches.
A major luxury development has been confirmed for Riyadh’s Wadi Safar district through a partnership between Dar Al Arkan, Dar Global, and The Trump Organization. The project, named the Trump International Golf Club, Wadi Safar, will occupy a 2.6 million square metre site and forms part of the Diriyah masterplan. The development includes an 18-hole championship golf course, a premium hotel, and residential units designed to integrate with the local landscape.
Hyatt Hotels Corporation has launched its Unscripted by Hyatt brand on a global scale through a landmark agreement with Indochina Kajima. Six existing Wink hotels across Vietnam have joined the new portfolio, more than doubling Hyatt's footprint in the country from four to ten properties. These locations include major cities and emerging hubs such as Saigon, Danang, and Can Tho.
Hyatt Hotels Corporation has celebrated the reopening of Secrets Playa Mujeres Golf & Spa Resort following a significant refurbishment. The adults-only, AAA Four Diamond property has undergone a total transformation to its 424 suites and shared facilities. Located in a secure gated community near Cancun, the resort now features contemporary coastal interiors and a brand-new two-storey Preferred Club building.

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