For many families, vacations are among the most anticipated moments of the year. And drawn by loyalty rewards programs and familiarity, many travelers remain devoted to the same hotel chains for decades. However, various global economic disruptions and mounting challenges across the hospitality industry have begun to strain even the most established brands. In recent months, one well-known hotel chain has faced a growing wave of closures. The U.S. hotel market was valued at $263.21 billion in 2024 and i ...

Aravest and Wee Hur Acquire Hotel Miramar Singapore for SGD160 Million, SingaporeAravest Pte. Ltd. (“Aravest”), the asset management arm of Japan-based Sumitomo Mitsui Finance and Leasing Co. units SMFL Mirai Partners and Kenedix, together with its development partner Wee Hur Property Pte. Ltd., a subsidiary of Singapore-based Wee Hur Holdings Ltd. (“Wee Hur”), has acquired Hotel Miramar Singapore for SGD160 million, or approximately SGD465,100 per key. Located a six-minute walk from Havelock MRT Station on ...