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Latest News: $1.1B Refinancing for Atlas; New Caesars Openings in California; Crescent Expands in NYC

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Latest News: .1B Refinancing for Atlas; New Caesars Openings in California; Crescent Expands in NYC

Atlas Secures $1.1B Portfolio Refinance. In a significant move for the hospitality finance sector, Atlas SP Partners has secured a substantial $1.1 billion refinancing deal. This floating-rate mortgage loan portfolio is backed by an impressive 67 hotels primarily located across the United States, with most properties under the established brands of Marriott, Hilton, Hyatt, or IHG. The refinancing effort was facilitated by Access Point Financial (APF), an Atlanta-based firm known for its expertise in hotel financing. Atlas, a warehouse finance and securitized products entity, is primarily owned by Apollo funds, illustrating the backing of significant financial resources to support this endeavor.

New Caesars in California. Exciting development is underway as the Dry Creek Rancheria Band of Pomo Indians and Caesars Entertainment have officially broken ground on a transformative project in Geyserville, California. The River Rock Casino is set to undergo a substantial renovation to emerge as the Caesars Republic Sonoma County. This partnership marks a strategic collaboration in which Caesars Entertainment has been chosen as the development and management partner for this integrated resort. Plans include a modernized casino floor, accompanied by a new 100-room hotel featuring a spa, pool, and fitness center, offering a robust array of amenities for guests.

Crescent Adds in NYC. The hospitality landscape in New York City is expanding with Crescent Hotels & Resorts adding the NH Collection New York Madison Avenue to its portfolio. The hotel, comprising 288 keys, is located within a stunningly restored Renaissance Revival building dating back to the early 20th century. This historic structure previously functioned as a college residence for men and hosted various fraternities. Crescent, which successfully operates over 120 hotels and resorts throughout the U.S. and Canada, continues to enhance its presence in the booming New York market.

Lead Real Estate Sells 2 in Japan. In a noteworthy transaction, Lead Real Estate Co. Ltd., based in Tokyo, has sold two long-term stay hotels, Ent Terrace Akihabara and Ent Terrace Asakusa, along with two condominiums, to Samurai Capital Co. Ltd., also based in Tokyo, for an undisclosed amount. This transaction not only reflects the dynamic nature of Japan’s real estate market but also highlights the growing demand for varied accommodation options in urban areas, particularly in popular districts like Akihabara and Asakusa, known for their cultural significance and tourism appeal.

Minor Adds Avani in Singapore. Minor Hotels is set to make a mark in Singapore through a strategic partnership with Kajima Development and Abu Dhabi-based Al Wathba Investment. Together, they are developing the 200-key Avani Singapore, which will be the brand’s first venture into this bustling city. The 14-story hotel is slated to open in 2027, indicating a long-term vision for growth in the region as hospitality demand continues to rise in one of Southeast Asia’s most vibrant markets.

IHG Adds in Vietnam. IHG Hotels & Resorts is expanding its footprint in Vietnam with a new collaboration with LCK Hospitality Co. Ltd. This partnership will foster the development of a Vignette Collection property in Ho Chi Minh City, featuring 52 keys. This will mark the second Vignette Collection hotel in Vietnam, contributing to IHG’s growing global portfolio, which now includes 23 properties under this brand. With 20 existing hotels across eight brands in Vietnam, along with a pipeline of 22 properties, IHG is strategically positioning itself to meet the burgeoning demand for high-quality hospitality options in the region.

Exploring the World: Tips to Avoid Overtourism Pitfalls

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Exploring the World: Tips to Avoid Overtourism Pitfalls

Combatting Overtourism: Tips from Travel Writer Pauline Ray

Over-tourism has emerged as a pressing issue across many popular global destinations. The UN Travel Barometer indicates that international tourist arrivals are now surpassing pre-pandemic levels, even amidst growing global security and trade tensions. To navigate this challenge and contribute positively to travel, Kiwi travel writer and former Cathay Pacific NZ corporate communications manager, Pauline Ray, shares her insights with 1News.co.nz’s Taylor Rice on how to minimize one’s impact on over-tourism.

Visit Less-Common Destinations

One of Ray’s primary suggestions is to visit less-traveled destinations. For instance, before the pandemic, she journeyed to Albania, which has seen an 80% increase in visitors since 2019. During her trip, she enjoyed the “rich history” of the country without overwhelming crowds.

Ray offered Bulgaria and Romania as excellent alternatives in Eastern Europe, rich with culture and history yet less frequented by tourists. Currently, she’s planning a trip to Turkmenistan and its surrounding regions to experience local life without contributing to over-tourism.

Stay in Less Visited Towns

When venturing to more popular countries, Ray recommends opting for smaller towns and cities. This approach not only provides a more authentic experience but also eases the pressures on heavily visited areas. For example, instead of the bustling streets of Paris, she suggests Bordeaux. In Italy, regions like Puglia offer glimpses of Italian culture without the throngs of tourists.

Even in Britain, she mentions enjoying the serene walking trails in the Cotswolds, where she encountered only a handful of people during her exploration.

Travel Off-Season

For those with flexible schedules, Ray advises traveling during off-peak seasons. This strategy can significantly reduce crowd sizes, allowing for a more enjoyable experience. For example, avoiding the July and August summer rush in Europe can mean not only a quieter vacation but also lower airfare and accommodation costs.

Traveling off-season also supports local businesses that rely on a steady flow of visitors throughout the year, aiding in the sustainability of tourist economies.

Prioritize Safety

No matter the destination, Ray emphasizes the importance of safety during travel. She strongly advocates for having travel or health insurance as a safety net. “Read the fine print on your insurance policy,” she advises, noting that it’s essential to ensure coverage is applicable to your destination.

Travelers should also familiarize themselves with local laws and customs. Being respectful of local cultures, safeguarding personal belongings, and moving in groups when possible are keys to having a safer traveling experience. For budgeting, she suggests using travel cards like Wise, which can offer better exchange rates than traditional banks.

Explore Your Backyard

For New Zealanders concerned about the effects of over-tourism, Ray highlights the beauty and diversity of local travel. She encourages exploration of New Zealand’s own landscapes, from walks to cruises in lesser-known areas. This not only helps to relieve pressure on popular tourist spots but also supports the local tourism sector.

Visiting places like Fiordland national park, where stunning views like Mitre Peak await, allows travelers to reconnect with the natural beauty of their homeland while nurturing the local economy.

By adopting these strategies, travelers can enjoy the adventure and curiosity that comes with exploring new places while ensuring that their adventures do not contribute to overtourism. Whether it’s by seeking out less common destinations, staying in smaller towns, traveling during off-peak times, prioritizing safety, or exploring local gems, every little effort counts in making travel more sustainable.

Strategic Asset Optimization at Park Hotels & Resorts Amid Market Volatility

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Strategic Asset Optimization at Park Hotels & Resorts Amid Market Volatility

Navigating a Challenging Market: Park Hotels & Resorts’ Strategic Vision

In the current landscape of the hospitality industry, many companies are grappling with inflation, labor shortages, and shifting consumer preferences. Nevertheless, Park Hotels & Resorts (PK) stands out as a model of disciplined capital management. The company’s 2025 asset rationalization and capital reallocation strategy offers an insightful case study of how to navigate these challenging waters while creating long-term value for investors. But critical questions arise: Will Park’s focus on high-return renovations help maintain its competitive edge? How does its strategy set it apart in a sector rife with margin compression?

Asset Rationalization: Recycling Capital for Growth

At the heart of Park’s 2025 initiative is a focused strategy on divesting non-core assets to fund high-impact projects. A prime example is the recent $80 million sale of the Hyatt Centric Fisherman’s Wharf in San Francisco, achieving an impressive 64x EBITDA multiple for 2024. This aligns with a broader goal to reach a disposal target of $300–$400 million, which could substantially reduce the company’s net debt of $3.7 billion as of June 2025. The sale, alongside three other hotels for a collective $76 million in 2024, marks a proactive approach, with a trailing EBITDA multiple of 12.2x, including capital expenditures.

The liquidity generated from these strategic sales is being funneled into renovations of high-potential properties. Notably, the Royal Palm South Beach Miami is undergoing a substantial $103 million upgrade, targeting modernization of 393 rooms and the addition of 11 new ones. While the undertaking is projected to disrupt Hotel Adjusted EBITDA for 2025 by $17 million, management anticipates a return of 15%–20% post-reopening in May 2026. This focus on revitalizing properties is key, particularly in markets like Hawaii and New Orleans, which are still recovering from recent labor strikes and muted international tourism.

Capital Reallocation: Balancing Leverage with Shareholder Returns

Park’s capital reallocation strategy thrives on a disciplined balance sheet. Notably, the company has $1.3 billion in available liquidity, which includes an undrawn $950 million revolving credit facility. This financial strength is vital as it prepares to refinance a $1.3 billion mortgage due on the Hilton Hawaiian Village Waikiki Beach Resort in November 2026. Management’s proactive stance on debt management indicates a robust approach to handling near-term obligations.

Moreover, Park is profoundly committed to returning capital to its shareholders. Since 2022, the company has repurchased over 15% of its outstanding shares, investing $26 million on buybacks in the fourth quarter of 2024 alone. With a quarterly dividend of $0.25 per share (yielding a 9% annualized return as of July 2025), Park’s dual approach to deleveraging and returning capital positions it as an appealing choice for investors interested in both growth and income—something not all competitors in this sector can claim.

Strategic Differentiation: Premium Assets in Gateway Markets

What sets Park apart is its focus on premium urban and resort properties located in high-demand gateway cities. The acquisition of Chesapeake Lodging Trust in 2019, which added 18 upper-upscale hotels to its portfolio, diversified its brand offerings to include well-known names like Marriott, Hyatt, and IHG. This strategic shift allowed Park to expand beyond its Hilton-centric origins and engage in segments exhibiting resilient demand.

In 2025, this strategic positioning is reaping rewards. Notably, urban hotels like the JW Marriott San Francisco and Hilton New York Midtown reported RevPAR growth rates of 17% and 10% in the second quarter. In contrast, broader industry trends show RevPAR in Hawaii under pressure due to ongoing labor actions and a slow recovery in international travel. Park’s focus on bustling urban locations mitigates some of these risks while tapping into the enduring allure of premium accommodations.

Industry Trends and Competitive Positioning

Park’s strategies also align with larger industry trends. Competitors such as Hilton and Marriott are increasingly investing in AI-driven automation and sustainable practices to cut costs and enhance guest experiences. Park’s investment in renovations, such as the Royal Palm project, reflects a commitment to integrating technology and energy-efficient systems. Additionally, the company’s focus on delivering personalized guest experiences—through amenities tailored to customer preferences and data-driven service—positions it favorably amid boutique offerings targeting high-net-worth clientele.

Yet, the approach is not without its challenges. The anticipated $17 million EBITDA impact from the Royal Palm’s closure illustrates the inherent risks involved in capital-intensive renovations. Furthermore, the reliance on gateway markets leaves Park vulnerable to macroeconomic fluctuations, such as a downturn in international travel or broader economic recession. These considerations are crucial as investors weigh potential risks against the promise of a streamlined, higher-margin portfolio.

Investment Implications

For long-term investors, Park Hotels & Resorts presents a compelling value proposition. The combination of disciplined asset rationalization and a focus on high-return renovations, alongside a commitment to shareholder returns, creates a synergistic chain: asset sales fuel growth, enhancing cash flow, which in turn supports more value creation. Important metrics to monitor include the company’s success in achieving its 2025 disposal target, the RevPAR performance post-renovation at the Royal Palm, and its progress in refinancing the 2026 mortgage.

Historical performance data sheds light on how Park’s stock has reacted around earnings releases. Since 2022, the company has exhibited a positive short-term response, with notable gains in the days following earnings reports. To be specific, the stock has shown a 42.86% win rate over three days, 35.71% over ten days, and 50% over thirty days. This pattern could signal favorable timing for investor entry or exit strategies.

Given these dynamics, Park Hotels & Resorts is well-positioned to navigate a sector featuring numerous competitors facing margin pressures. Its distinctive blend of growth-oriented and income-driven strategies—backed by a strong balance sheet and astute capital allocation—makes it an intriguing opportunity for investors looking to gain exposure to the hospitality sector’s recovery trajectory.

BC Road Trip Time Machine: A Virtual Journey into Our Travel History

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BC Road Trip Time Machine: A Virtual Journey into Our Travel History

Journey Back in Time: B.C. Highway Reels from the 1960s

While time travel remains a fantasy, the British Columbia Ministry of Transportation offers a fascinating glimpse into the past with their “BC Road Trip Time Machine.” This unique online experience features over 30 road trip reels from the province, filmed in 1966. These visual records allow us to explore what B.C. highways looked like six decades ago, showcasing more than just road conditions.

The Art of Photologs

The recordings aren’t traditional films; rather, they are photologs created by taking a series of still images from a camera fixed to a car’s dashboard. This ingenious setup captured a photo approximately every 80 feet during the drive, and these images were later combined to produce an illusion of continuous motion. The photologs served not just as quaint memories but were valuable tools for highway engineers to assess road conditions across over 8,000 kilometers of highway without needing to travel there physically.

Historically, the B.C. Highways Department was a pioneer in Canada for employing this method of documentation. The resulting visuals form a detailed historical record, presenting a slice of life and infrastructure from an era that is often romanticized.

A Trip Through Highway 3

One captivating photolog features a journey along Highway 3, stretching from Princeton to the Alberta border. The Ministry of Transportation notes that this route has underwent significant changes, including enhanced safety measures such as widened roadways, better signage, and installed barriers to aid drivers. These improvements have transformed travel between communities, which were once marked by small villages like Cascade and Kinnaird.

In 1966, the highway’s path illustrated a more bustling array of smaller communities that have since lost prominence, though some still exist. Traffic at that time needed to navigate through Salmo on the now-less-frequented Airport Road to head to Burnt Flat and Kootenay Pass. Interestingly, the mountainous stretch between Salmo and Creston, initially dubbed the Salmo-Creston Cut-off, was relatively new, having only been opened two years before the photologs were shot.

A Glimpse of Life and Landscape

The photos illustrate not just road conditions but also captivated viewers with scenes from daily life. During the drive through the Selkirk Mountains, for example, several vehicles can be seen pulled over—victims of overheating on the steep climbs of Kootenay Pass, the highest point of Highway 3 at 1,774 meters. Back then, the highway was more commonly known as the Southern Trans-Provincial Highway, serving as a key route across the south of the province before it officially adopted the moniker “Crowsnest Highway” in 1977.

As the journey continues into West Creston, it feels as though time has stood still. The farmlands remain vibrant and lush, showcasing the region’s agricultural richness. The iconic grain elevators loom large in the towns’ skyline, reminding viewers of their historical significance. Unfortunately, one of the original white elevators has succumbed to decay, but the red elevator—one of the few remaining wooden structures in the province—stands testament to the region’s heritage.

Nostalgia on Main Street

The video showcases vintage cars lining the streets of downtown, encapsulating the charm and character of a bygone era. Today, Main Street retains much of its historical feel, an inviting snapshot of life that remains largely unchanged, save for the absence of traffic lights.

As the journey resumes toward Yahk, the landscape transitions into sprawling orchards that fill the horizon, continuing through Cranbrook and Fernie before arriving at Crowsnest Pass. The photologs capture the small towns, rivers, mountains, valleys, and lakes that define the Kootenays, making it an extraordinary visual archive of the region’s beauty.

Discover More Vintage Ventures

For those interested in this nostalgic exploration, a collection of photologs can be found online, inviting viewers to embark on a virtual adventure. Each trip posted on the TranBC website includes highway highlights and interesting historical facts. Additionally, all 37 photologs have been digitized and are accessible on the BC Ministry of Transportation and Transit’s YouTube channel.

Other notable routes from 1966 include journeys covering Nelson to Balfour on Highway 3A, the path from the U.S. border to Vernon on Highway 97, and even a captivating drive from Horseshoe Bay to downtown Vancouver, showcasing the evolving landscape and community life frozen in time.

This digital time capsule serves not only to inform but also to evoke a sense of nostalgia and curiosity about the vibrant history of British Columbia’s highways.

The Rising Popularity of Camping and Hiking Tents Signals a Shift Toward Outdoor Adventure Tourism in Iconic Destinations: Discover the New Trend in Yellowstone, Banff, Zion, Patagonia, the Swiss Alps, Yosemite, the Grand Canyon, Mount Fuji, Lake Tahoe, and the Rocky Mountains.

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The Rising Popularity of Camping and Hiking Tents Signals a Shift Toward Outdoor Adventure Tourism in Iconic Destinations: Discover the New Trend in Yellowstone, Banff, Zion, Patagonia, the Swiss Alps, Yosemite, the Grand Canyon, Mount Fuji, Lake Tahoe, and the Rocky Mountains.



The Rising Popularity of Camping and Hiking Tents Signals a Shift Toward Outdoor Adventure Tourism in Iconic Destinations: Discover the New Trend in Yellowstone, Banff, Zion, Patagonia, the Swiss Alps, Yosemite, the Grand Canyon, Mount Fuji, Lake Tahoe, and the Rocky Mountains. | Auto Contently


















27 Exciting New Hotels and Resorts to Explore Worldwide

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27 Exciting New Hotels and Resorts to Explore Worldwide

Exciting New Hotels and Resorts Around the World

Travel enthusiasts are always on the lookout for unique experiences that combine luxury, adventure, and cultural immersion. Recently, renowned travel experts have shared their top picks for newly opened or upcoming hotels and resorts that promise to redefine luxury travel. Here are some exceptional places to consider for your next getaway.

Splendido, A Belmond Hotel, Portofino, Italy

The iconic Belmond Splendido in Portofino has recently undergone a major transformation while retaining its quintessential Italian charm. With upgrades designed to enhance the guest experience without losing the essence of "la dolce vita," this hotel elegantly blends modern luxury with timeless beauty. Travel advisor Eli Wagner raves about its irresistible appeal, making it a top choice for visitors seeking both relaxation and sophistication.

Hôtel Burdigala, Burgundy, France

Reopening in 2024, Hôtel Burdigala in Bordeaux fills a significant gap in the city’s luxury accommodations. A beloved establishment for locals and travelers alike, the hotel features a cinema for private screenings, adding a unique touch to the guest experience. Situated at the heart of Bordeaux, this five-star option is perfect for those looking to explore the region’s rich culture and culinary delights, as recommended by Jay Ternavan.

Chicari Camp, Gorongosa, Mozambique

For nature and adventure lovers, Chicari Camp is on the horizon in Gorongosa National Park. With designs from the architects behind celebrated safari camps, this camp will offer breathtaking views of a watering hole frequented by wildlife. Ian Proctor highlights the immersive excursions available, including game drives, biking adventures, and guided nature walks, making it a must-visit for eco-conscious tourists.

One&Only Moonlight Basin, Big Sky, Montana

One&Only’s Moonlight Basin marks the luxury brand’s U.S. debut in Big Sky, Montana. Offering year-round activities and direct access to Yellowstone National Park, this resort features 73 rooms and 19 cabins. Travel advisor Jessica Griscavage suggests it as the perfect retreat for anyone looking for both adventure and opulent comfort amidst stunning natural landscapes.

Four Seasons Resort at Formentor, Mallorca, Spain

The newly reopened Four Seasons Resort Mallorca holds a unique position along the island’s northwest coast, boasting rare beach access. Guests can explore the surrounding marine life via a nearby marina, or enjoy world-class golfing and biking trails. Julia B. Pirrung calls it an idyllic destination for enjoying nature, culture, and relaxation combined.

Cabane Tortin, Verbier, Switzerland

Accessible only by helicopter or snowcat, Cabane Tortin offers a unique alpine experience for ski enthusiasts. With accommodation for up to 12 guests, it’s perfect for families or groups seeking a cozy winter getaway. Roman Chiporukha points out its exclusivity and proximity to spectacular slopes, making it a prime choice for adventurers.

NIHI Rote, Rote, Indonesia

Nestled closer to Australia than Bali, NIHI Rote is the exciting sister property to the acclaimed NIHI Sumba. Featuring just 25 exclusive villas with direct beach access, Desiree Norman emphasizes its remote beauty and immersive experiences, both aquatic and terrestrial, as a draw for travelers seeking a truly untouched paradise.

Nekajui, Ritz-Carlton Reserve, Costa Rica

Situated in the unspoiled Papagayo Peninsula, Nekajui is a new Ritz-Carlton Reserve that caters to families with connecting rooms and private plunge pools. Anthea Gilchrist praises its thoughtful design, including a funicular to the beach and a scenic bridge through the jungle, offering guests a luxurious yet adventurous Costa Rican experience.

La Dolce Vita Orient Express, Italy

Embark on a journey through Italy with the glamorous La Dolce Vita Orient Express. This train experience captures the nostalgia of 1960s Italy, taking passengers through breathtaking landscapes while providing fine dining and exceptional service. Travel advisor Erina Pindar describes it as ideal for travelers seeking a memorable and luxurious escape infused with historical charm.

Oiá Casa Lençóis, Brazil

Overlooking the stunning Lençóis Maranhenses National Park, Oiá Casa Lençóis harmonizes luxury with the natural world. Guests can explore mangroves, swim in crystal lagoons, or enjoy a sunset picnic atop sand dunes. As Lily Bunker notes, this property aims to offer a deeply immersive experience in its breathtaking surroundings.

Espacio Hakone Geihinnkan Rin-Po-Ki-Ryu, Japan

Deep in mountainous Hakone, the Espacio Hakone Geihinnkan Rin-Po-Ki-Ryu stands as a beautiful contemporary ryokan. Reached only by funicular, this new property boasts ten private villas with river views, traditional crafts, and gourmet cuisine, making it an outstanding choice for visitors seeking tranquility and culture, as highlighted by Jason and Scott Gilman.

Kazazian’s Arax, Egypt

Travel along the historic Nile with Kazazian’s Arax, offering private boat charters that redefine luxury cruising. Combining privacy with sophistication, it feels more like a luxurious villa on water. Kristin Songy Diehl advises travelers to begin their adventure in Cairo for an enriched cultural experience before setting sail.

Tierra Atacama, Atacama, Chile

Following a significant redesign, Tierra Atacama merges adventure with relaxation amid Chile’s dramatic desert landscapes. Guests can explore salt flats, unwind with poolside beverages, and gaze at the stars from a new observation deck. Emma Fritz emphasizes the resort’s design, which reflects the unique essence of Atacama.

Collegio alla Querce, Florence, Italy

Set in a beautifully restored former school, Collegio alla Querce offers a unique Florentine experience with views of the Duomo and a blend of historical and modern luxury. Dasha Westerfield highlights its appeal as a serene escape from the crowds yet close to the heart of Florence.

Oberoi Rajgarh Palace, Khajuraho, India

A 350-year-old royal residence, Oberoi Rajgarh Palace combines Bundelkhand heritage with luxurious colonial design. Close to stunning temples and national parks, it captivates guests with its rich history and natural beauty, as described by Christie Holmes.

Villa Dubrovnik, Croatia

With a reopening set for 2025, Villa Dubrovnik is reimagining luxury accommodation with its stunning seaside views and tranquil location, allowing guests to revel in sublime comfort while being just minutes from Dubrovnik’s historic center. Mina Agnos highlights its charm and elegance, making it an enticing option for future travelers.

Hermes Mega Catamaran, Galapagos Islands

Set sail on the Hermes Mega Catamaran, a new luxury vessel for exploring the Galapagos Islands. With private balconies and jacuzzi tubs, guests can immerse themselves in the stunning natural beauty of this unique environment. Travel advisor Erin Correia speaks highly of its elegance and adventure.

Four Seasons Cartagena, Colombia

The latest Four Seasons in Cartagena promises luxury and culture with easy access to the region’s historic attractions. Emmanuel Burgio mentions the array of activities available, from yachting to salsa dancing, making it a vibrant base for adventure.

Mbamba Camp, Okavango Delta, Botswana

For wildlife lovers, Mbamba Camp offers an extraordinary experience in the Okavango Delta. With opportunities for walking safaris, boating, and game drives, it offers a thrilling connection with nature and wildlife. Nicola Shepherd emphasizes the pristine scenery and unique wildlife offerings available.

Elizabeth Country House, Bologna, Italy

Located just outside Bologna, the Elizabeth Country House exudes style and grace as a former residence reborn into luxury accommodations. Jim Strong recommends it for those looking to discover the beauty of a lesser-known region in Italy.

Shinta Mani Wild, Cardamom Mountains, Cambodia

Hidden deep within Cambodia’s Cardamom Mountains, Shinta Mani Wild offers a complete departure from the typical tourist path. Guests arrive via zipline and enjoy luxurious tent accommodations, all-inclusive foraging experiences, and waterfall picnics. Chris Bazos emphasizes the resort’s commitment to both luxury and meaningful experiences.

St. Regis Cap Cana, Punta Cana, Dominican Republic

St. Regis Cap Cana reimagines Caribbean luxury with its eco-conscious design, cenote-inspired spa, and fine local cuisine. Laura Asilis describes it as a serene refuge set in a beautiful ecological reserve, ensuring both relaxation and exhilarating activities.

San Canzian Hotel and Residences, Croatia

The transformed San Canzian Hotel and Residences occupies a former medieval hamlet, offering a blend of rustic charm and modern luxury. Tia Lovisa Moreira sees it as an idyllic getaway on the beautiful Istrian Peninsula, perfect for anyone wanting to get lost in Croatia’s enchanting scenery.

Rosewood Chancery Court, London, England

The Rosewood Chancery Court is one of London’s most anticipated openings, housed in the historic former U.S. Embassy. Jonathan Epstein suggests this new addition is not just a hotel but a destination in itself for luxury travelers.

Rosewood Miyakojima, Japan

The debut of Rosewood Miyakojima promises to captivate travelers in the breathtaking Okinawa Islands, featuring unparalleled coastal views and diverse activities. Rebecca Mazzaro anticipates a rich and fulfilling experience for guests, making it an exciting new choice in Japan.

Palácio Ludovice, Lisbon, Portugal

Housed in an 18th-century palace, Palácio Ludovice showcases exquisite Portuguese interior design and historical architecture, marking it as a standout luxury boutique hotel. Sheree M. Mitchell highlights the unique cultural journey offered to guests upon arrival.

With such a promising roster of new and renovated hotels and resorts, finding that perfect getaway to indulge in luxury and adventure has never been easier. Whether you crave the mountains, calming beaches, or cultural heritage, these exceptional destinations await your exploration.

AARP’s Essential Guide to Group Travel

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AARP’s Essential Guide to Group Travel

The Ultimate Guide to Planning Family and Group Travel

Traveling with friends or family can create memories to last a lifetime. “You have shared memories you’ll bond over for the rest of your life,” says Tami Al-Hazzá, cofounder of the boutique travel company Femscape Sojourns. Multigenerational trips often deepen family ties, allowing kids to see parents or grandparents in different roles. But planning such trips can be daunting. Here’s a comprehensive guide to make the process smoother and more enjoyable.

Start with a Group Chat

Kick off the planning by initiating a group message thread. Selene Brophy, a travel experiences business reporter, recommends using WhatsApp for seamless communication. Not only does this platform keep everyone in the loop regarding plans, but it also allows group members to share potential activities and dining options.

Assign Trip-Planning Roles

To streamline the planning process, avoid the "too many cooks in the kitchen" scenario by dividing roles among the group. Designate an overarching leader to handle the logistics while assigning specific tasks to others, such as booking accommodations or scouting flight options. Confirm these roles via email or shared documents for easy reference.

Discuss Budget Early

Katie Stewart, a senior travel adviser, stresses the importance of establishing a budget at the outset. Start the conversation by asking all members to provide their spending estimates, considering flights, accommodations, and activities. Document final costs and booking confirmations in a shared document to keep everything organized.

Plan Well in Advance

With travel booming, securing reservations early is crucial. Stewart recommends planning at least a year ahead to maximize flexibility and choice. While not all locations will have availability this far out, laying down foundational details can help group members schedule time off and explore transportation options.

Embrace Flexibility

Coordinating multiple schedules can be a challenge. If possible, stay flexible with your travel dates. If families are involved, making decisions early based on school schedules is wise. It’s important to be understanding as not everyone may be able to adjust their commitments.

Consider Hiring a Travel Agent

Navigating the complexities of a group trip can be overwhelming. Hiring a travel agent can alleviate some of that stress, providing around-the-clock support, particularly for unexpected issues like flight delays. Agents can analyze group budgets and provide tailored plans that cater to everyone’s needs.

Don’t Skip Travel Insurance

Transit hiccups can happen, making travel insurance essential. Stan Sandberg from TravelInsurance.com suggests getting group insurance if traveling with more than eight people, while also noting the feasibility of each household acquiring its own policy for ease in handling issues as they arise.

Choose an Easy-to-Reach Destination

While bucket-list destinations are appealing, consider the ease of access for all group members. Select locations that cater to various age groups and interests while also ensuring they are straightforward for everyone to reach.

Reframe Inheritances as Travel Experiences

John Zelig, a group tour manager, offers a unique perspective on budgets. Instead of monetary inheritances, some families opt to invest in experiences, such as a family trip. This can foster unity and create memorable experiences over financial legacies.

Explore Group Discounts

Always inquire about group perks and discounts when booking. AARP memberships, for example, offer savings on accommodations, rentals, and more. Leveraging a travel agent’s expertise can also unlock additional savings and amenities.

Be Mindful of Travel Restrictions

Certain vacation types, especially those in foreign destinations where the language barrier exists or safety concerns are prevalent, may need reconsideration. Be sensitive to the health and fitness levels of all travelers when selecting a destination.

Simplify Payments with Apps

To make splitting costs easier, consider using apps like Splitwise or Billr. You can also have each household keep track of their individual expenses and reconcile them at the end of the trip.

Run a Practice Meeting

Once you have a rough itinerary, gather everyone for a group meeting. This allows travelers to voice preferences and helps ensure that all essential documents are in order—such as immunizations, passports, and travel gear.

Establish an Airport Meeting Time

For groups flying together, select an agreed-upon meeting time at the airport. Early arrivals can reduce stress by allowing ample time for check-ins and security clearance.

Check Passport Status Early

For international travel, it’s crucial to confirm that all travelers’ documentation is in order well in advance. Renewals can take time, so early checks are key. Make sure travelers know about options like TSA Precheck or Global Entry for easier transit.

Be Prepared to Improvise

Flexibility goes beyond just scheduling—be open to changes in plans as they arise. Spend evenings discussing the following day’s itinerary and gauge group preferences. If everyone leans toward a beach day over a museum trip, embrace the change.

Plan a Reunion if All Goes Well

If the trip unfolds smoothly and everyone has a great time, initiate conversations for your next group adventure. Use existing message threads to keep the momentum going for future planning.

Traveling together offers a unique opportunity to create bonds and make lasting memories. By following these well-structured tips, you can ensure your family or friend-group getaway is filled with joy, connection, and minimal stress.

7 Travel Destinations Where Your Australian Dollar Goes Further: A Smarter Choice

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7 Travel Destinations Where Your Australian Dollar Goes Further: A Smarter Choice

Exploring Budget-Friendly Travel Destinations for Australians

As international travel resumes and Australians look to escape, many are seeking destinations where their dollar stretches further without compromising on experience. With the Australian dollar not as powerful against currencies like the US dollar and Euro, savvy travelers are turning their attention to more affordable options in Asia and beyond.

Cost-Effective Travel Trends

Wendy Wu Tours managing director Simon Bell highlights the growing trend of Australians becoming "smarter" in their travel planning. Travelers are opting for value-packed holidays that not only fit their budget but also offer rich experiences. Popular nations like India, Sri Lanka, and certain parts of Southeast Asia are attracting more interest for their lower cost of living and captivating attractions.

Southeast Asia: A Treasure Trove of Affordable Adventures

Southeast Asia remains a top choice for Australians looking for budget-friendly travel. Countries such as Vietnam and Cambodia continue to be favorites for their affordability, beautiful landscapes, and vibrant cultures.

  • Vietnam: Here, 1 Australian dollar buys approximately 16,918 Vietnamese dong. Dining out is exceptionally affordable, with meals at inexpensive restaurants costing around 50,000 dong, equivalent to about $3. Local beers can be purchased for approximately 25,000 dong or $1.50.

  • Cambodia: Another popular choice, $1 equals about 2,587 Cambodian riel. Meals at budget-friendly restaurants cost about $4.65, and a local beer goes for around $1.55. The well-known Angkor Wat temples are a major draw, filled with fascinating history and stunning architecture.

Japan: A Unique Blend of Tradition and Modernity

For those willing to explore further afield, Japan offers a cost-effective destination, particularly for travelers visiting during off-peak seasons. With the current exchange rate, $1 converts to roughly 96 Japanese yen. Eating out is reasonably priced, with inexpensive meals costing about 1,000 yen, equivalent to around $10. If you’re a fan of craft beer, expect to pay about 500 yen, or $5, for a local brew while soaking in the dazzling sights of cities like Tokyo.

Discovering China: Rich Culture and Lower Costs

China is now back on the radar for Australian travelers, offering exciting experiences at a lower cost. Presently, $1 converts to about 4.64 Chinese yuan. Meals at budget restaurants average around 20 yuan, or $4.30, while domestic beers can be had for just 7 yuan, approximately $1.50. With recent visa-free travel options, discovering China’s rich history and stunning landscapes has never been easier.

The Allure of Turkey and Morocco

Looking beyond Asia, Turkey is emerging as a popular destination. Here, $1 equals about 26.20 Turkish liras, with inexpensive meals around 350 liras or $13.35, and beers costing about 140 liras, roughly $5.30. The vibrant markets, stunning historical sites, and breathtaking hot air balloon rides in Cappadocia are just a few highlights.

Morocco also captivates with its blend of rich culture and affordability, where $1 buys about 5.90 Moroccan dirhams. Dining at casual restaurants costs approximately 40 dirhams, or $6.80, while a local beer is about 30 dirhams, equivalent to $5.

Egypt: Unraveling Ancient Mysteries

Finally, Egypt rounds out the list of great options for budget travelers, with $1 equating to about 31.42 Egyptian pounds. Inexpensive meals are around 200 pounds, equivalent to $6.30, making it feasible to explore historical sites like the Giza pyramids without breaking the bank.

Closing Thoughts

With the increasing costs of travel in traditional destinations, Australians are turning towards these diverse, value-friendly locations. From the beaches of Vietnam to the historical treasures of Egypt, budget-conscious travelers have more incredible options than ever to explore the world while keeping within their financial means. Whether it’s the rich culture, delicious food, or stunning sights, each of these destinations offers unique adventures at a fraction of the cost.

Leveraging Strategic Reinvestment and Asset Optimization to Drive Shareholder Value

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Strategic Asset Optimization at Park Hotels & Resorts Amid Market Volatility

Park Hotels & Resorts: Navigating Transition with Strategic Clarity

Park Hotels & Resorts has recently demonstrated its adaptability and strategic foresight through its second-quarter 2025 performance. Now more than ever, the company is emphasizing its transition within the REIT sector, carefully balancing immediate challenges with a vision focused on optimizing its portfolio and channeling capital toward high-growth avenues. This disciplined approach to asset management and capital deployment offers a fascinating case study on the value of strategic reinvestment amid broader economic uncertainty.

Asset Optimization: Shedding Non-Core Exposure

One of the most striking features of Park’s second-quarter results is its commitment to pruning its asset portfolio. A notable example includes the sale of the Hyatt Centric Fisherman’s Wharf in San Francisco for $80 million, translating to $253,000 per key. This sale reflects robust demand for urban properties, enabling Park to gain liquidity for reinvestment in higher-return projects. Additionally, the decision to permanently close the Embassy Suites Kansas City Plaza, which was expected to yield minimal EBITDA, underscores a strategic focus on eliminating earnings drag. By exiting these underperforming assets, Park streamlines its portfolio to prioritize properties with stronger growth potential.

Urban markets like San Francisco and New York have demonstrated remarkable resilience, aiding Park’s goal to focus on high-demand regions. For instance, their urban portfolio saw a 3% year-over-year increase in Comparable RevPAR. Properties such as the JW Marriott San Francisco Union Square and Hilton New York Midtown, which reported 17% and 10% RevPAR growth respectively, validate this strategy. This geographical focus is not just a reaction to market demands but aligns with broader trends in business travel recovery, working as a buffer against weaknesses in resort segments.

Capital Reallocation: High-ROI Renovations and Iconic Assets

Central to Park’s revitalization effort is the ambitious Royal Palm South Beach renovation. This $103 million initiative aims to overhaul 393 guestrooms and add 11 new units, with expected returns hovering between 15% to 20%. While the hotel’s temporary closure from mid-May 2025 to May 2026 is projected to impact 2025 Hotel Adjusted EBITDA negatively by $17 million, the long-term benefits could far outweigh these short-term hurdles. Given the hotel’s brand equity and prime Miami location, it is poised to capitalize on premium pricing when renovations are complete.

Park’s capital discipline is further exemplified through its investments in Hawaii. The $75 million allocation for refurbishing the Hilton Hawaiian Village Waikiki Beach Resort and Hilton Waikoloa Village in Q1 2025 is part of a methodical plan to modernize aging assets. These upgrades are aimed at meeting the growing demand for experiential travel, demonstrated by substantial RevPAR growth at properties like the Waldorf Astoria Orlando and Hilton Caribe, which reported 24% and 18% growth respectively.

Financial Resilience and Liquidity Position

Park’s financial resilience serves as a pillar of its value proposition, bolstered by $1.3 billion in liquidity, including $950 million readily available under its revolving credit facility. This robust liquidity position equips the company with the necessary flexibility to navigate near-term challenges and seize more favorable opportunities as they arise. Coupled with a manageable net debt of $3.84 billion and a weighted average debt maturity of 2.7 years, Park demonstrates stability in its financial structure. Moreover, their focus on operational efficiency is evident, with cost controls reflecting only a 40 basis point rise in expenses for the second quarter.

Strategic Risks and Mitigation

Investors should remain cautious, weighing the strategic risks associated with Park’s approach. For instance, the impact of the Royal Palm renovation on 2025 EBITDA poses a potential challenge, particularly as macroeconomic headwinds like inflation and interest rate fluctuations continue to loom. However, Park’s commitment to high-ROI projects and disciplined cost management may mitigate these risks more effectively than in the past. Additionally, the absence of significant exposure to geopolitical shocks further reinforces portfolio resilience, exemplified by the Hawaii portfolio’s intact performance following the July 2025 Russian earthquake.

Investment Thesis

The investment case for Park Hotels & Resorts is built on several key points:

  1. Premium Asset Upgrades: High-return renovations at iconic properties are expected to enhance pricing power and increase occupancy rates in premium market segments.

  2. Liquidity-Driven Flexibility: With substantial liquidity available, Park is well-positioned to make opportunistic acquisitions or facilitate further divestitures aimed at boosting returns.

  3. Urban Portfolio Strength: Properties situated in urban markets are likely to benefit from the ongoing resurgence in business travel, setting the stage for sustained performance.

The company’s attractive 9% annualized dividend yield as of July 29, 2025, alongside its strategic focus on high-growth assets, positions Park Hotels as an appealing long-term holding, particularly for those interested in the hospitality sector’s recovery.

Park Hotels & Resorts is leveraging its financial liquidity, strategic asset management, and capital discipline to maneuver through this challenging macroeconomic landscape. By prioritizing high-ROI projects and divesting from underperforming assets, the company is setting itself up for sustained value creation—making it an important player for investors seeking resilient long-term returns in real estate.

Air India’s Parent Company to Compensate £86,000 to Families of Each Crash Victim

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Air India’s Parent Company to Compensate £86,000 to Families of Each Crash Victim

A tragic air crash involving a Boeing 787 Dreamliner operated by Air India has left a profound impact on countless lives. With the heartbreaking loss of 241 passengers and crew members on board, the owner of Air India has pledged to pay 10 million rupees (approximately £86,000) to the families of each deceased individual and cover medical expenses for those injured.

On Thursday, the aircraft tragically crashed just after taking off from Ahmedabad, India, while en route to Gatwick Airport in London. This incident has shaken the communities of those on board and sparked a widespread outpouring of grief and solidarity.

Out of the 242 individuals on the flight, only one, a 40-year-old British-Indian named Vishwash Kumar Ramesh, survived. Residing in London, he had traveled to Ahmedabad to visit family. Ramesh recounted the harrowing moments before the crash: “Thirty seconds after take-off, there was a loud noise and then the plane crashed. It all happened so quickly.” His boarding pass indicated that he was seated in 11A, traveling alongside his brother.

Describing the aftermath of the incident, Ramesh remarked, “When I got up, there were bodies all around me. I was scared. I stood up and ran. There were pieces of the plane all around me. Someone grabbed hold of me and put me in an ambulance and brought me to the hospital.” His testimony highlights the chaos and panic that ensued following the crash, as he managed to escape from a scene of devastation.

In a deeply distressing turn of events, part of the aircraft struck a dining area at a nearby medical college, resulting in the loss of at least five medical students’ lives and injuring nearly 50 others, some in critical condition, according to the Federation of All India Medical Association.

As authorities began recovery operations, they confirmed that 204 bodies had been retrieved from the crash site a few hours after the incident. The gravity of this tragedy has mobilized both national and international support in its wake.

Natarajan Chandrasekaran, Chair of Air India’s parent company, Tata Group, addressed the nation via social media, affirming, “Tata Group will provide ₹1 crore to the families of each person who has lost their life in this tragedy.” He emphasized their commitment to covering medical costs for the injured and ensuring they receive the necessary care. Furthermore, Chandrasekaran noted assistance in rebuilding the B J Medical hostel, expressing solidarity with affected communities in these challenging times.

In the wake of the crash, Air India has canceled a scheduled flight from Gatwick to Goa, intended to leave just hours after the Ahmedabad flight was meant to arrive. In a bid to support the families of those affected, Gatwick Airport has established a reception center to assist relatives of the passengers aboard flight AI171.

The UK Foreign Office has responded by updating its support services for those in need of assistance. Families concerned about loved ones can contact:

  • +91 (11) 2419 2100 (in India)
  • +44 (0) 20 7008 5000 (in the UK)

The Gujarat State authorities have also set up an Emergency Centre for immediate support, reachable at +91 (0) 79 23251900 or +91 (0) 9078405304. Families in India seeking further information can contact Air India’s dedicated passenger hotline at 1800 5691 444.

In response to the tragedy, the UK Air Accidents Investigation Branch has announced that it will send a multidisciplinary investigation team to India to assist with the ongoing inquiry, reinforcing the commitment to uncover the circumstances surrounding this devastating event.

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