Abu Dhabi investment company, ADQ, and its subsidiary ADNEC Group, announced on 12 January the acquisition of 40.5 percent of ICON, the hospitality arm of Egypt-based Talaat Mostafa Group through a capital increase. The signing agreement marks ADQ’s acquisition of stakes in ICON’s pre-existing portfolio of luxury hotels and resorts, including seven famous historic hotels
Marriott International and MGM Resorts International announced a long-term licensing agreement and the creation of MGM Collection with Marriott Bonvoy, which will launch in October 2023, and encompass 17 of MGM’s resorts and more than 40,000 rooms in Las Vegas and other U.S cities.
OKLAHOMA CITY – The Ellison Hotel is Marriott’s first Oklahoma property within its Tribute Portfolio brand, which focuses on independent boutique hotels rooted in local culture.