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By Author
Published on January 7, 2024
Marriott International, in partnership with Beijing North Star, is set to expand its presence in China with the opening of two new hotels in Beijing. Slated for 2026, The Ritz-Carlton Beijing, North, and Beijing Marriott Marquis Hotel are poised to become prominent destinations for both leisure and business travellers.
Integrated Luxury in the Heart of Beijing
These new additions will be part of the expansive China National Convention Center Phase II, which covers approximately 780,000 square metres. This complex will include a mix of hotels, leisure facilities, retail spaces, and offices, offering a comprehensive experience for guests and visitors.
The Ritz-Carlton Beijing, North: Elegance and Excellence
Designed by the acclaimed Yabu Pushlberg, The Ritz-Carlton Beijing, North, will offer 282 guestrooms and suites. The hotel will also boast impressive conference and event facilities spanning 968 square metres. Guests can look forward to six dining venues, a fitness centre, a swimming pool, and the luxurious Ritz-Carlton Spa.
Beijing Marriott Marquis Hotel: A Blend of Comfort and Style
The Beijing Marriott Marquis Hotel is set to feature 671 guestrooms and suites. This property will also include a swimming pool, a fitness centre, and various dining options, including a specialty restaurant, an all-day dining restaurant, and The Greatroom – a lobby bar and lounge. Additionally, the hotel will offer a substantial event space of 3,207 square metres, including a Grand Ballroom, meeting rooms, Junior Ballrooms, and an executive club lounge called M Club.
Strategic Location Near Key Attractions
Strategically located 20 km from Beijing Capital International Airport, both hotels will provide easy access to popular attractions like the National Stadium and National Aquatics Centre.
A Testament to Marriott’s Growth in Greater China
Gavin Yu, Marriott International Greater China’s Chief Development Officer, remarked, “Guided by the ‘Brand + Destination’ development strategy, this signing is a testimony of our continued growth in Greater China in key cities. We look forward to bringing our best brands and experiences to where travellers desire to be.”
Weidong Li, Board Chairman of Beijing North Star Company, expressed excitement about the collaboration, saying, “We are delighted to collaborate with Marriott International, bringing their two prestigious brands to China National Convention Centre Phase II.”
Marriott's Continued Expansion
This announcement comes after Marriott International’s recent collaboration with WOW Resorts for a luxury resort and residential project on Al Marjan Island in the UAE, set to open in 2026 under the JW Marriott brand.
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By Nishang Narayan
Published on July 5, 2025
Hyatt Hotels is doubling down on its asset-light strategy with a major move—selling Playa Hotels’ real estate portfolio to Tortuga Resorts for $2 billion. This follows Hyatt’s acquisition of Playa in February for $2.6 billion, including debt. Playa operates 24 luxury all-inclusive resorts across Mexico, Jamaica, and the Dominican Republic.
The sale covers 15 of Playa’s resort assets, effectively reducing Hyatt’s net purchase price for the remaining Playa business to around $555 million. The deal, still pending regulatory nods in Mexico, is expected to close before the end of 2025.
As part of the arrangement, Hyatt and Tortuga will enter into 50-year agreements for these properties, allowing Hyatt to continue managing the resorts. Thirteen of the resorts will operate under Hyatt’s standard management fee structures, with two under separate agreements.
Hyatt CEO Mark Hoplamazian called the move transformational, noting it turns the Playa acquisition into a fully asset-light transaction. "It also ramps up our fee-based earnings," he added. Hyatt now anticipates its asset-light earnings mix could hit at least 90% by 2027.
Analysts view the swift real estate divestment positively, seeing it as a smart way for Hyatt to stay nimble while bolstering returns. Proceeds from this deal will primarily go toward repaying loans taken to finance the Playa buyout.
Novotel Visakhapatnam Varun Beach, a flagship Accor property, has proudly announced that it has been awarded the Green Key Certification, a globally recognised eco-label that underscores excellence in sustainable tourism and hospitality.
Granted by the Foundation for Environmental Education (FEE)—one of the world’s leading environmental education organisations and recognised by the Global Sustainable Tourism Council (GSTC)—the certification marks a significant milestone in the hotel’s ongoing efforts to integrate eco-friendly practices without compromising guest comfort or luxury.
Lakshmi Sridhar, General Manager, Novotel Visakhapatnam Varun Beach, said, “At Novotel Visakhapatnam Varun Beach, we believe that sustainability is not just a responsibility, but a way of life. Being Green Key certified reinforces our commitment to offering eco-conscious experiences that align with global environmental standards.”
The hotel has rolled out various impactful initiatives, from using clean, renewable energy and implementing robust waste management practices to driving water conservation, enhancing energy efficiency, and sustainably sourcing products. These measures are designed to benefit not only the environment but also the local community.
As travel trends increasingly lean towards conscious luxury and responsible tourism, this certification positions Novotel Visakhapatnam Varun Beach as a leader in sustainable hospitality in India.
Indian Hotels Company (IHCL), India’s largest hospitality player, has announced the signing of a new Vivanta property in Anjuna, Goa. This greenfield project marks another step in IHCL’s strategy to grow its presence across key leisure destinations in India.
Strategically located in Anjuna, celebrated for its vibrant culture and beaches, the upcoming Vivanta Anjuna, Goa will feature 110 well-appointed rooms. Guests can look forward to an array of facilities including an all-day diner, a bar, a swimming pool, a fully equipped gym, and modern conference spaces, catering to both leisure and business travellers.
Suma Venkatesh, Executive Vice President - Real Estate & Development, IHCL, shared, “IHCL has been at the forefront of pioneering destinations and has played a defining role in putting Goa on the global tourism map for over five decades. This signing is in line with our strategy to expand IHCL’s presence across segments in key leisure markets. We are delighted to strengthen our partnership with Fiesta Hotels with this new project.”
The hotel is being developed by Fiesta Hotels Pvt. Ltd., led by directors Ravinder Kumar, Manju Vardhan, Raj Vardhan, Harsh Vardhan, Gagan Garg, and Gaurav Garg, who have deep investments in real estate and hospitality. Ravinder Kumar, Director, Fiesta Hotels Pvt. Ltd., said, “We are proud to collaborate with IHCL through the addition of our second hotel in Goa. It stands as a testament to our shared vision to deliver exceptional experiences in one of India’s most cherished destinations.”
Goa continues to attract travellers with its sun-soaked beaches, Portuguese-era architecture, thriving culinary and music scene, and vibrant local communities. With this signing, IHCL’s Goa portfolio grows to 18 hotels, including five under development, underscoring its long-standing commitment to shaping Goa’s tourism landscape.
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