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Work begins on £200m Crown Square project in Middlesbrough, UK
Work begins on £200m Crown Square project in Middlesbrough, UK

Yahoo

time2 days ago

  • Business
  • Yahoo

Work begins on £200m Crown Square project in Middlesbrough, UK

Preparations are underway for a £200m ($268.4m) regeneration project in central Middlesbrough, according to the Middlesbrough Development Corporation in the UK. The initiative, known as Crown Square, is set to transform a derelict site in Gresham into a new Fairfield by Marriott-branded hotel alongside accommodation for students and young professionals. Contractor Wates has begun erecting hoardings at the site to facilitate preparatory groundwork, marking the first steps towards construction. This phase will pave the way for build-to-rent properties and student housing, alongside one of the first hotels of its brand in the UK. Scaffolding will also be positioned on The Crown's exterior, located at Borough Road and Linthorpe Road, enabling the reopening of an adjacent footpath for pedestrian use. Developers iMpeC and Buccleuch Property are collaborating with the Middlesbrough Development Corporation on this project, which is designed to establish 1,500 new homes and generate 4,000 jobs. A decision regarding The Crown's future will be taken in subsequent development phases by the corporation's board. Middlesbrough Development Corporation chair Tony Parkinson said: 'This site is primed for regeneration and local people will now be pleased to see activity taking place. 'The Development Corporation continues to liaise closely with our development partners iMpeC and Buccleuch Property - with support from Middlesbrough Council - as we work together to deliver this huge investment which will bring massive benefits to the town.' Wates was appointed in November 2024 to oversee the regeneration efforts aimed at revitalising the reportedly neglected area. The mayoral-led Middlesbrough Development Corporation is leading this initiative, with plans revealed in May 2025 at a national property event. The aforementioned hotel aims to address unmet demand near the town's A66 entrance. "Work begins on £200m Crown Square project in Middlesbrough, UK" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

PAKUWON GROUP EXPANDS HOSPITALITY PORTFOLIO WITH THE LAUNCH OF ALOFT SURABAYA PAKUWON CITY
PAKUWON GROUP EXPANDS HOSPITALITY PORTFOLIO WITH THE LAUNCH OF ALOFT SURABAYA PAKUWON CITY

Korea Herald

time15-07-2025

  • Business
  • Korea Herald

PAKUWON GROUP EXPANDS HOSPITALITY PORTFOLIO WITH THE LAUNCH OF ALOFT SURABAYA PAKUWON CITY

SURABAYA, Indonesia, July 15, 2025 /PRNewswire/ -- A bold new beat is set to energize Surabaya as Pakuwon Group and Marriott International announce the opening of Aloft Surabaya Pakuwon City on 22 August 2025. This launch marks the debut of the Aloft Hotels brand in Surabaya and the first-ever Marriott-branded hotel in the eastern part of the city. Part of the Phase 3 expansion of Pakuwon City Mall, the hotel is strategically located above a mixed-use development spanning 1.1 hectares, with a project value of IDR 1.2 trillion. The opening aligns with Pakuwon's continued growth in lifestyle-led hospitality, reaffirming its commitment to bringing globally inspired experiences to Indonesia's urban centers. A Strategic Expansion by Pakuwon Group This opening is part of Pakuwon Group's continued expansion in the hospitality sector, following successful developments such as The Westin Surabaya, Sheraton Surabaya Hotel & Towers, Four Points by Sheraton Surabaya, and the award-winning Four Points by Sheraton Surabaya Pakuwon Indah. Beyond Surabaya, Pakuwon's hospitality portfolio includes Sheraton Grand Jakarta Gandaria City, Fairfield by Marriott Bekasi, Four Points by Sheraton Bali Kuta, Yogyakarta Marriott Hotel, and soon Four Points by Sheraton Bekasi, as well as the city's lifestyle destination, Pakuwon Golf & Family Club. " This hotel represents more than just a new address, it's an experience hub crafted for the next generation of travelers. Aloft brings something exciting to the table, a hotel that feels alive, connected, and unapologetically different," said Reza Aryawarman, Multi-Property General Manager of Pakuwon Portfolio Hotels. Featuring 233 design-forward rooms, Aloft Surabaya Pakuwon City is crafted for the modern traveller, from business professionals and digital nomads to Gen Z creatives and weekend city explorers. A Vibe-Driven Stay with World-Class Amenities Aloft offers more than just a place to stay. Each room is infused with playful wall art, vibrant colors, and natural light, setting the tone for an upbeat, immersive stay. Guests will be able to experience: Whether it's a midweek workcation, a weekend celebration, or a casual business trip, Aloft offers a fresh alternative to traditional hotels. A Destination within a Destination Strategically located within Pakuwon City, the hotel is directly connected to Pakuwon City Mall, The Courtyard, and Park Shanghai. These vibrant lifestyle and retail destinations turn the hotel into a lively base for modern travelers to explore the city's cultural, culinary, and shopping scenes. Opening Offer To celebrate its debut, Aloft Surabaya Pakuwon City will offer an exclusive opening promotion: Bookings can be made now via For sneak peeks, launch moments, and behind-the-scenes vibes, follow @aloftsurabaya on Instagram. Aloft Surabaya Pakuwon City proudly participates in Marriott Bonvoy®, the award-winning travel program from Marriott International. Members can earn and redeem points at over 30 hotel brands worldwide, unlocking exclusive benefits, perks, and unforgettable experiences. About Marriott Bonvoy® Marriott Bonvoy, Marriott International's award-winning travel platform, connects travelers to the people, places, and passions they love through an extraordinary collection of hotels and experiences worldwide. The platform features over 30 hotel brands and 10,000 destinations, including the largest collection of luxury offerings, distinctive boutique properties, premium home rentals, and more, providing renowned hospitality across the globe. With unrivaled access to the best in entertainment, culinary, sports, outdoor adventure, arts, culture, and more, Marriott Bonvoy offers transformative travel experiences that leave a lasting impression. Marriott Bonvoy membership is free and unlocks unique benefits including the ability to earn points through travel and everyday activities, like purchases with co-branded credit cards. Members can redeem their points for free stays, experiences and more. Visit for more information and download the Marriott Bonvoy app here. Travelers can connect with Marriott Bonvoy on Instagram, TikTok, YouTube, and Marriott Bonvoy Insiders. About Pakuwon Group Pakuwon Group is one of Indonesia's leading real estate developers, known for its visionary approach in shaping urban living through integrated developments. With over four decades of experience, Pakuwon has built an impressive portfolio of mixed-use superblocks combining retail, residential, office, and hospitality components across key cities in Indonesia. The Group owns and operates landmark developments such as Tunjungan Plaza and Pakuwon Mall in Surabaya, Gandaria City in Jakarta, and Pakuwon Mall Jogja. In hospitality, Pakuwon continues to expand its presence with a growing collection of award-winning hotels under renowned international brands including Sheraton, The Westin, Four Points, Fairfield, and Marriott Hotels in Jakarta, Surabaya, Bali, Yogyakarta, and Bekasi. Pakuwon is committed to delivering impactful destinations that enhance the way people live, work, shop, and stay. For more information, visit About Aloft Hotels® With over 230 hotels now open in 33 countries and territories around the world, Aloft Hotels provides a forward-thinking hotel experience that helps guests enjoy the things they love while on the road. From gaming to cocktails and pet-friendly amenities, the brand offers flexibility with modern, welcoming spaces that encourage social interaction. The grab-and-go breakfast concept Re:fuel by Aloft® includes offerings such as cold brew coffee and breakfast sandwiches, while the W xyz bar features a vibrant social scene, unique music-inspired cocktail menu and easy-to-share light bites. The brand's pet-friendly program ArfSM (Animals R Fun) welcomes guests' furry friends to the hotel with special in-room pet amenities. Aloft connects people and places through local know-how and cultural nods that give guests the ultimate freedom to choose their own adventure. For more information, visit and follow along on Facebook, X, and Instagram. Aloft is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments, and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit

PAKUWON GROUP EXPANDS HOSPITALITY PORTFOLIO WITH THE LAUNCH OF ALOFT SURABAYA PAKUWON CITY
PAKUWON GROUP EXPANDS HOSPITALITY PORTFOLIO WITH THE LAUNCH OF ALOFT SURABAYA PAKUWON CITY

Yahoo

time15-07-2025

  • Business
  • Yahoo

PAKUWON GROUP EXPANDS HOSPITALITY PORTFOLIO WITH THE LAUNCH OF ALOFT SURABAYA PAKUWON CITY

SURABAYA, Indonesia, July 15, 2025 /PRNewswire/ -- A bold new beat is set to energize Surabaya as Pakuwon Group and Marriott International announce the opening of Aloft Surabaya Pakuwon City on 22 August 2025. This launch marks the debut of the Aloft Hotels brand in Surabaya and the first-ever Marriott-branded hotel in the eastern part of the city. Part of the Phase 3 expansion of Pakuwon City Mall, the hotel is strategically located above a mixed-use development spanning 1.1 hectares, with a project value of IDR 1.2 trillion. The opening aligns with Pakuwon's continued growth in lifestyle-led hospitality, reaffirming its commitment to bringing globally inspired experiences to Indonesia's urban centers. A Strategic Expansion by Pakuwon GroupThis opening is part of Pakuwon Group's continued expansion in the hospitality sector, following successful developments such as The Westin Surabaya, Sheraton Surabaya Hotel & Towers, Four Points by Sheraton Surabaya, and the award-winning Four Points by Sheraton Surabaya Pakuwon Indah. Beyond Surabaya, Pakuwon's hospitality portfolio includes Sheraton Grand Jakarta Gandaria City, Fairfield by Marriott Bekasi, Four Points by Sheraton Bali Kuta, Yogyakarta Marriott Hotel, and soon Four Points by Sheraton Bekasi, as well as the city's lifestyle destination, Pakuwon Golf & Family Club. "This hotel represents more than just a new address, it's an experience hub crafted for the next generation of travelers. Aloft brings something exciting to the table, a hotel that feels alive, connected, and unapologetically different," said Reza Aryawarman, Multi-Property General Manager of Pakuwon Portfolio Hotels. Featuring 233 design-forward rooms, Aloft Surabaya Pakuwon City is crafted for the modern traveller, from business professionals and digital nomads to Gen Z creatives and weekend city explorers. A Vibe-Driven Stay with World-Class AmenitiesAloft offers more than just a place to stay. Each room is infused with playful wall art, vibrant colors, and natural light, setting the tone for an upbeat, immersive stay. Guests will be able to experience: W XYZ® Lounge – A buzzing social hub with handcrafted cocktails and live music Vibe Restaurant – Bistro-style all-day dining with thoughtful service and creative local twists Echo Lounge & Bar – A stylish hideout for signature drinks, casual bites, and curated beats Re:Charge® fitness center, outdoor pool, and versatile meeting spaces designed for collaboration and creativity Whether it's a midweek workcation, a weekend celebration, or a casual business trip, Aloft offers a fresh alternative to traditional hotels. A Destination within a DestinationStrategically located within Pakuwon City, the hotel is directly connected to Pakuwon City Mall, The Courtyard, and Park Shanghai. These vibrant lifestyle and retail destinations turn the hotel into a lively base for modern travelers to explore the city's cultural, culinary, and shopping scenes. Opening OfferTo celebrate its debut, Aloft Surabaya Pakuwon City will offer an exclusive opening promotion: Special rates (room only or with breakfast) 30% off food and beverage (excluding alcohol) Kids eat free with breakfast package Valid for stays between 22 August – 31 October 2025 Bookings can be made now via For sneak peeks, launch moments, and behind-the-scenes vibes, follow @aloftsurabaya on Instagram. Aloft Surabaya Pakuwon City proudly participates in Marriott Bonvoy®, the award-winning travel program from Marriott International. Members can earn and redeem points at over 30 hotel brands worldwide, unlocking exclusive benefits, perks, and unforgettable experiences. About Marriott Bonvoy®Marriott Bonvoy, Marriott International's award-winning travel platform, connects travelers to the people, places, and passions they love through an extraordinary collection of hotels and experiences worldwide. The platform features over 30 hotel brands and 10,000 destinations, including the largest collection of luxury offerings, distinctive boutique properties, premium home rentals, and more, providing renowned hospitality across the globe. With unrivaled access to the best in entertainment, culinary, sports, outdoor adventure, arts, culture, and more, Marriott Bonvoy offers transformative travel experiences that leave a lasting impression. Marriott Bonvoy membership is free and unlocks unique benefits including the ability to earn points through travel and everyday activities, like purchases with co-branded credit cards. Members can redeem their points for free stays, experiences and more. Visit for more information and download the Marriott Bonvoy app here. Travelers can connect with Marriott Bonvoy on Instagram, TikTok, YouTube, and Marriott Bonvoy Insiders. About Pakuwon GroupPakuwon Group is one of Indonesia's leading real estate developers, known for its visionary approach in shaping urban living through integrated developments. With over four decades of experience, Pakuwon has built an impressive portfolio of mixed-use superblocks combining retail, residential, office, and hospitality components across key cities in Indonesia. The Group owns and operates landmark developments such as Tunjungan Plaza and Pakuwon Mall in Surabaya, Gandaria City in Jakarta, and Pakuwon Mall Jogja. In hospitality, Pakuwon continues to expand its presence with a growing collection of award-winning hotels under renowned international brands including Sheraton, The Westin, Four Points, Fairfield, and Marriott Hotels in Jakarta, Surabaya, Bali, Yogyakarta, and Bekasi. Pakuwon is committed to delivering impactful destinations that enhance the way people live, work, shop, and stay. For more information, visit About Aloft Hotels®With over 230 hotels now open in 33 countries and territories around the world, Aloft Hotels provides a forward-thinking hotel experience that helps guests enjoy the things they love while on the road. From gaming to cocktails and pet-friendly amenities, the brand offers flexibility with modern, welcoming spaces that encourage social interaction. The grab-and-go breakfast concept Re:fuel by Aloft® includes offerings such as cold brew coffee and breakfast sandwiches, while the W xyz bar features a vibrant social scene, unique music-inspired cocktail menu and easy-to-share light bites. The brand's pet-friendly program ArfSM (Animals R Fun) welcomes guests' furry friends to the hotel with special in-room pet amenities. Aloft connects people and places through local know-how and cultural nods that give guests the ultimate freedom to choose their own adventure. For more information, visit and follow along on Facebook, X, and Instagram. Aloft is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments, and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit View original content to download multimedia: SOURCE Aloft Surabaya Pakuwon City Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Apple Hospitality REIT Announces Dates for Second Quarter 2025 Earnings Release and Conference Call
Apple Hospitality REIT Announces Dates for Second Quarter 2025 Earnings Release and Conference Call

Business Wire

time12-06-2025

  • Business
  • Business Wire

Apple Hospitality REIT Announces Dates for Second Quarter 2025 Earnings Release and Conference Call

RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) (the 'Company' or 'Apple Hospitality') today announced that it plans to report second quarter 2025 financial results after the market closes on Wednesday, August 6, 2025, and host a conference call for investors and interested parties at 10:00 a.m. Eastern Time on Thursday, August 7, 2025, to discuss the results. The conference call will be accessible by telephone and the internet. To access the call, participants from within the U.S. should dial 844-826-3035, and participants from outside the U.S. should dial 412-317-5195. Participants may also access the call via live webcast by visiting the Investor Information section of the Company's website at A replay of the call will be available from approximately 2:00 p.m. Eastern Time on August 7, 2025, through 11:59 p.m. Eastern Time on August 21, 2025. To access the replay, the domestic dial-in number is 844-512-2921, the international dial-in number is 412-317-6671, and the passcode is 10200511. In addition, an archive of the webcast will be available on the Company's website for a limited time. About Apple Hospitality REIT, Inc. Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust ('REIT') that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 221 hotels with approximately 29,900 guest rooms located in 85 markets throughout 37 states and the District of Columbia. Concentrated with industry-leading brands, the Company's hotel portfolio consists of 97 Marriott-branded hotels, 118 Hilton-branded hotels, five Hyatt-branded hotels and one independent hotel. For more information, please visit

Singapore-listed Acrophyte Hospitality Trust jumps as it ‘evaluates strategic options'
Singapore-listed Acrophyte Hospitality Trust jumps as it ‘evaluates strategic options'

Straits Times

time30-05-2025

  • Business
  • Straits Times

Singapore-listed Acrophyte Hospitality Trust jumps as it ‘evaluates strategic options'

Seven more hotels in Acrophyte's portfolio are slated for asset enhancement initiatives in 2025, after six hotels completed theirs in 2024. PHOTO: ACROPHYTE HOSPITALITY TRUST SINGAPORE - A strategic review is underway for Acrophyte Hospitality Trust, formerly known as ARA US Hospitality Trust, as a potential transaction involving its stapled securities is on the table but not guaranteed. The renaming of the Singapore-listed hotel trust was done in 2024 after the family of billionaire couple Gordon Tang and wife Celine completed their takeover of ARA US Hospitality Trust's managers. Their vehicle for this was Acrophyte, which was known as Chip Eng Seng until the Tangs privatised the company in 2023. The Tang family also upped their stake to become the trust's largest unit-holder and sponsor. On May 30, the managers of Acrophyte Hospitality Trust said that they are currently evaluating a 'range of strategic options' in light of the potential capital expenditure needed to enhance its portfolio of hospitality assets in the United States. 'In connection with their evaluation, the managers are also in discussions with the sponsor in respect of a potential transaction involving the stapled securities,' they said. Despite being in the process of reviewing options, the managers emphasised that 'there is no certainty that any transaction will materialise' from the ongoing review or discussions. Acrophyte's stapled securities jumped 11.3 per cent, or three cents, to 29.5 cents as at 11.24am on May 30. This after a gain of 7.5 per cent on May 29, before the announcement. Seven more hotels in Acrophyte's portfolio are slated for asset enhancement initiatives in 2025, after six hotels completed such initiatives in 2024. Work on two Marriott-branded hotels will commence in June as that on five Hyatt-branded ones will start in November. The hospitality stapled group comprises Acrophyte Hospitality Property Trust and Acrophyte Hospitality Management Trust. For the fiscal first quarter of 2025, its revenue declined 7.7 per cent to US$33.5 million from US$36.2 million in the year-ago period amid an 8.3 per cent year-on-year downsizing of its portfolio. Its Q1 operating profit was 12.8 per cent lower at US$9.3 million, from US$10.7 million in the previous corresponding period. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.

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