Skift Take
Emerging markets such as Thailand and Malaysia are considering “dual-rate structures,” where foreigners pay more for hotel stays than domestic travelers do. Will this help or hurt? Plus, other hotel deals and development news.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Sunday, July 10
Service Properties Trust announced progress on its plan to sell 68 Sonesta branded hotels. To date, 57 hotels have been sold for $496.4 million. Another six are under purchase and sale agreements for about $37 million.
HN Capital Partners and Sage Hospitality announced the launch of a new lifestyle property, Hotel Per La, which will open at the site of the former Nomad Hotel in…
