Marriott Formally Enters Joint Venture With Lefay Founders
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Marriott International has formally entered into a joint venture with the Leali family, founders of Lefay. Plus, more hotel deal and development news.
U.S. hotel performance showed positive year-over-year comparisons, according to April 2026 data from CoStar. April 2026 (percentage change from April 2025): Occupancy: 64.9% (+1.6%), ADR: $165.90 (+2.8%), and RevPAR: $107.73 (+4.4%). Among the Top 25 Markets, St. Louis reported the highest increases in occupancy (+6.2% to 67.9%) and RevPAR (+13.8% to $93.41). Miami registered the largest gain in ADR (+12.5% to $283.34).
STR/CoStar reported U.S. lodging data for the week ended June 6th was up 5.3% year-over-year. ADR was up 4%, and occupancy rose 1.3%. Group RevPAR was up 10%.
Marriott International, Inc. has formally entered into a joint venture with the Leali family, founders of Lefay, to bring the luxury wellness hospitality brand into Marriott's global portfolio. We announced their intentions on this transaction back in late March. The joint venture owns the Lefay brand and intellectual property assets, and the Italian real estate assets continue to be owned
