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1. Roxy-Pacific Holdings Buys Resort in Maldives
Roxy-Pacific Holdings has purchased Zitahli Kuda-Funafaru, a resort in the Noonu Atoll of the Maldives, from AAA Group. The resort will undergo an extensive renovation of guest villas, public spaces and F&B outlets before opening in Q1 2017. Upon completion it will be the second property to be marketed under Roxy’s premium Noku brand. The first opened in Kyoto, Japan in November 20
2. Singapore-Listed Roxy-Pacific Holdings to Buy Resort in Maldives
Singapore-listed Roxy-Pacific Holdings has agreed to buy Zitahli Kuda-Funafaru Resort and Spa located in Noonu Atoll, Maldives, for US$ 31 million through its wholly-owned subsidiary, Roxy Hotels and Resorts. JLL Hotels & Hospitality Group was the exclusive advisor for the sale, acting on behalf of AAA Group, which owns Zitahli Kuda-Funafaru.
3. PHG Signs Hotel in Melbourne, Australia
Park Hotel Group has signed a management deal with Roxy-Pacific Holdings for a hotel in Melbourne, Australia. Scheduled to open in 2022, the Park Hotel Melbourne increases the group’s portfolio to nearly 20 hotels in operation or under development.
4. 145,707 Hotel Rooms in 964 Projects Under Contract in Europe
According to STR’s April 2016 Pipeline Report, there are 145,707 hotel rooms in 964 projects Under Contract in Europe. Among the region’s key markets, Greater London, England, reported the most rooms In Construction with 5,456 rooms in 33 hotels. Three other markets reported more than 2,000 rooms under construction: Istanbul, Turkey (4,203 rooms in 24 hotels); Moscow, Russia (3,487
5. Korean Air Delivers First Boeing 737 MAX Winglet
Korean Air has delivered its first Boeing 737 MAX winglet. The winglet, featuring a split tip, will be installed on B737 MAX’s three-meter long wings which can play a role to increase the wing length, reduce resistance, and improve fuel efficiency by 1.5%.
6. 506,000 Hotel Rooms in 4,125 Projects Under Contract in United States
Among the Chain Scale segments, Upscale (55,994 rooms in 407 hotels) accounted for the most rooms In Construction followed by Upper Midscale (52,934 rooms in 523 hotels). The Economy segment reported the least contract and construction activity but the largest year-over-year increases in rooms Under Contract (+41.2% to 4,731 rooms) and In Construction (+94.8% to 1,276 rooms).
7. Hong Kong Airlines to Launch Daily Flights to Auckland, New Zealand
Hong Kong Airlines is to launch daily flights to Auckland, New Zealand on 10 November 2016. The airline will operate the route with Airbus A332 aircraft configured with 283 seats, 24 of which are business class seats. Located on the North Island of New Zealand, Auckland is surrounded by two different harbours on the east and west side of the city.
8. Exclusive Wellness Retreat in Dubai Opens to Non-Members
Burj Khalifa has opened the doors to its high-end fitness and wellness retreat, The Burj Club, by offering memberships and day passes for non-members so that they can access the fitness centres, spa, rooftop pool, lounge and indoor lap pool. Located next to Burj Khalifa, The Burj Club has defined its reputation as the city’s most exclusive wellness retreat. Earlier open only for in

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