Marriott just signed its first New Zealand St. Regis in a market where luxury lodges are crushing it... but the gap between "luxury brand promise" and "luxury brand delivery" has destroyed owners before, and 145 keys in Queenstown is a very specific bet.
Europe's largest hostel project reveals the real math behind office-to-hospitality conversions, and the per-bed economics tell a very different story than the headline CapEx figure.
A panel of European hotel executives just made the case that owning your real estate beats the asset-light model. They're not wrong about the control. They're dangerously incomplete about the risk.
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