This design-forward property in downtown Toronto will offer bespoke stays and premium rental residences with unparalleled lake and city views
Stay with Style in the City
TORONTO, April 24, 2024 /CNW/ – Visionary Canadian hotelier, Sukhdev Toor announces the first TOOR Hotel: a distinct lifestyle hotel and residences located in downtown Toronto. This boutique property will offer 232 guest rooms and suites, as well as 181 premium rental residential units. The project will feature a modern French-inspired bistro and bar set over two floors, valet parking, a 1,500 square foot fitness center and yoga studio, a 3,000 square foot terrace,…
CBRE US Hotels State of the Union May 2024 Edition
CBRE US Hotels State of the Union May 2024 Edition
Key Takeaways:
Economy
Q1 economic growth was slower than expected. 1Q GDP came in at 1.6%, below CBRE’s 2.3% estimate. We expect disappointing 1Q growth will result in a downward revision to CBRE’s full-year 2024 real GDP growth forecast of 2.3%. Inflation is proving stickier than expected, resulting in a 70-bps increase in CBRE’s 4Q Fed Funds rate from 4.4% to 5.1%.
Higher leverage and the burndown of COVID savings put…
Photo courtesy of The Nation
Prime Minister Srettha Thavisin’s promise to increase the minimum wage to 400 baht by October 1 has set off alarms in the private sectorparticularly among hoteliers.
Concerns abound as businesses foresee a hefty 15 to 20% surge in costs across goods and services, presenting a formidable hurdle for the hospitality sector.
The impending wage revision marks the third adjustment this year alone. The initial increase, rolled out on January 1, nudged the minimum wage to an average range of 330 to 370 baht per day, contingent on provincial variations.
Subsequently, a second increment, implemented on…
In short: The Shire of Menzies has issued an order for tenants of the Menzies Hotel to vacate the premises.
The council and the hotel’s owner have cited concerns about the safety of the 120-year-old building.
What’s next? The tenants say they will appeal the order.
A small town in the heart of WA’s Goldfields faces the prospect of losing its only pub as concerns grow over the historic building’s safety.
But tenants at the Menzies Hotel claim they are being prematurely forced out by the landlord and local shire.
Sue and David Wessely were this week issued with an…
A Malaysian influencer couple’s two-year-old son tragically drowned in a hotel pool while they were asleep in the room next door.
Jasmine Yong, took to Instagram on Saturday 18 May to tell her 464,000 followers the devastating news of her son, Enzo’s passing.
She wrote: ‘On Saturday (11 May), our family of three checked into a hotel to celebrate Mother’s Day.
Two-year-old Enzo, pictured, tragically died in a hotel pool while his parents were asleep next door
Mum of Enzo, Jasmine Yong and her husband, Lim Kong Wang pictured posing with their son. The couple had checked into a hotel…
Evacuees of a wildfire burning in northeast BC say they are being asked to leave their hotel rooms to make way for existing reservations.
Nearly 4,700 people from Fort Nelson and the nearby Fort Nelson First Nation were ordered to leave their homes Friday as the Parker Lake wildfire moved toward the community, with Fort St. John — a 390-kilometre drive to the south — having the nearest emergency center.
Mackenzie Spenrath was one of the first to arrive at the support center.
“I was No. 17 in line,” he said.
He and his partner were given a voucher to…
Jaheer Abbas was appointed by Indore Marriott Hotel as assistant director HR
With its headquarters located in Bethesda, Maryland, USA, Marriott International, Inc. manages a network of around 8,900 hotels in 141 countries and territories under over 30 prestigious brands.
The Indore Marriott Hotel has declared Jaheer Abbas’s appointment as assistant director of human resources. Abbas comes with a stellar professional background that includes fifteen years of priceless experience and knowledge in the fast-paced field of hospitality.
Most recently, Abbar was a key player at the Grand Mercure Mysore, an Accor property, as an HR strategist. Throughout his time there,…
The Brainy Insights
The global hotel franchise market is anticipated to grow from USD 37.02 billion to USD 77.16 billion in 10 years. Frequent travellers always opt for the reliability and facilities of well-known hotel chains, which significantly boosts the prosperity of hotel franchises. Furthermore, hotel franchising offers attractive investment and development opportunities for entrepreneurs, investors, and developers seeking to enter or expand their presence in the hospitality industry. Franchisors can provide support in site selection, financing, design, and construction to facilitate new hotel developments and conversions.
Newark, May 20, 2024 (GLOBE NEWSWIRE) — The Brainy Insights estimates that the…
