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AGILYSYS, A HOSPITALITY software company, recently acquired Book4Time Inc., a spa management SaaS provider, in an all-cash transaction valued at approximately $150 million. The Alpharetta-based Agilysys is led by CEO Ramesh Srinivasan, while the Ontario-based Book4Time is led by founder and CEO Roger Sholanki. Acquiring Book4Time expands Agilysys' opportunity to increase its global solutions-per-customer penetration, the companies said in a statement. "In addition to sharing our commitment to equipping hospitality staff with world-class technology that helps them better serve their guests, the exceptionally talented and dedicated Book4Time team shares our skills in working with some of the most renowned and discerning properties in the world," said Srinivasan. "We look forward to accelerating hospitality technology innovation together as we combine our product strengths, fully tap our mutual passion for serving customers and make our value proposition to the hospitality industry even more compelling."

VERAKIN CAPITAL, A real estate investment group, exceeded its $350 million investment milestone in the first quarter of this year. The company has made collective investments in three hotel properties that are currently in various stages of development; the Moxy in downtown Atlanta, Georgia; Hampton Inn/Home 2 in downtown Nashville, Tennessee; and Courtyard by Marriott in Pittsburg, California, the company said in a statement. Verakin, led by partners Rupesh and Bimal Patel and Hiten Suraj, is the lead developer of the Courtyard by Marriott, while the company is co-investing in the other two projects alongside RevPar Development and Emerge Hospitality Group, according to the statement. RevPar Development is a privately-owned hotel development and management company on the East Coast, while Emerge Hospitality Group is a family-owned and -operated hotel ownership, development and management company. "We are developing both on our own behalf and in joint ventures with like-minded investment groups," Rupesh Patel said. "We are seeing that newer hotels and brands are faring better than their older counterparts as travel rebounds in many markets and segments. To help satiate our investment growth appetite, we will continue to seek best-in-class partners, such as RevPar Development and Emerge Hospitality Group, who have proven track records as credible institutional investors, developers and operators." The Moxy hotel in downtown Atlanta, will feature 181 rooms spread across 13 floors and is scheduled to open mid-2026 before the FIFA World Cup. The centrally located hotel will cater to both business and leisure travelers and will offer three food and beverage options, including a roof top bar and lounge with views of the Mercedes Benz Stadium.

A Bird's Eye View of Some Asian Countries From the affordable charm of Vietnam to the world-class systems of Singapore and the vibrant lifestyle of Thailand, here's why Asia is an excellent option for your next big move. Vietnam: Affordable and Welcoming Vietnam has grown in popularity among expats due to its low cost of living and welcoming culture. Housing, food, and transportation are incredibly affordable compared to Western countries, making it an attractive destination for retirees and remote workers. While public healthcare services might not meet international standards in rural areas, private hospitals in cities like Ho Chi Minh and Hanoi deliver higher quality care. Comprehensive health insurance is essential to bridge any gaps and ensure access to premium facilities. Singapore: A Global Leader in Healthcare If world-class infrastructure and a highly developed healthcare system are on your priority list, Singapore is a standout choice. This island nation has earned a reputation for being one of the safest, cleanest, and most efficient countries globally. Singapore's healthcare system blends public and private services seamlessly. Public healthcare is accessible to citizens and permanent residents, while expats often rely on private healthcare providers for quicker access and specialized treatments. With options ranging from general practitioners to state-of-the-art hospitals, Singapore ensures that high-quality care is never out of reach.

NOBLE INVESTMENT GROUP has acquired the Homewood Suites by Hilton Salt Lake City | Downtown in Salt Lake City, Utah. The company, led by Mit Shah as CEO,said the city represents a fast-growing market. The 137-room hotel is in Salt Lake City's central business and entertainment district, according to Noble. The area contains more than 15 million square feet of office space and several corporate headquarters, including Zions Bancorporation, Questar Corporation, and Goldman Sachs. Also nearby are the Salt Palace Convention Center, Vivint Arena, Gallivan Center, Temple Square and the Utah State Capitol. More than 26 million passengers annually pass through the Salt Lake City International Airport, which is 4 miles west of downtown. "Salt Lake City has seen some of the highest in-migration trends leading up to and continuing through the global health crisis," Noble said in its statement. "The city boasts more than ten ski resorts within an hour's drive, as well as more than a dozen national parks and monuments. With its world-class outdoor lifestyle, Salt Lake City is one of the most dynamic leisure and corporate travel markets in the U.S."

WYNDHAM HOTELS & RESORTS' "Registry Collection" debuted in the U.S. with the renovated Mining Exchange hotel in Colorado Springs, Colorado. The 128-room property will be managed by Practice Hospitality, led by CEO Bashar Wali. The Mining Exchange includes 15,000 square feet of conference and event space, featuring a ballroom, two meeting rooms, an outdoor terrace and a boardroom, Wyndham said in a statement. The hotel also has multiple dining options, a full-service spa and The Vault art gallery, and is located near the U.S. Olympic & Paralympic Museum. "The Mining Exchange has been a Colorado icon since 1902," said Wali. "Now, some 120 years on, we are honoring that heritage by creating a hotel imbued with local touches and human connection that has earned the distinction of being the first Registry Collection hotel in the U.S. We're proud to be joining a world-class portfolio of international hotels and adding Colorado Springs to the global roster of Registry Collection destinations."

MARRIOTT INTERNATIONAL REPORTED record growth in 2024, opening 123,000 gross rooms and achieving 6.8 percent net room growth. The company ended the year with more than 577,000 rooms in its development pipeline and signed more than 1,200 deals-an average of three per day-totaling nearly 162,000 rooms globally. The company signed a record 608 deals in the U.S. and Canada last year, Marriott said in a statement. "2024 was a year of growth for Marriott, with regional milestones, segment entries, brand expansions, and market debuts," said Anthony Capuano, Marriott's president and CEO. "We remain focused on connecting people through travel, and I'm excited about the work our global teams are doing to drive growth, innovation, and deliver strong results for our owners and franchisees."