Sonesta Transitions 45 Hotels to NPA's Franchise Portfolio
Photo Credit: A room at Sonesta ES Suites Chicago Waukegan. Sonesta
Skift Take
Sonesta International said it had opened 45 hotels that expand the portfolio of private equity franchisee NPA. Plus, more hotel deal and development news.
The DJIA was up 183 points on Friday, while the Nasdaq was up 301, the S&P 500 rose 60 points, and the 10-year treasury yield was up .04 to 4.15%. Lodging stocks were modestly higher.
Itex Group expects to kick off construction in February on the historic Medical Arts Building in downtown Galveston, Texas, redeveloping the 11-story structure into a 120-room hotel dubbed The Quay. The hotel will join Hilton's Tapestry Collection with Driftwood Hospitality Management tapped to operate it. Plans call for a mix of suites and rooms, along with a ground-floor restaurant and bar. Itex is targeting a January 2028 opening.
Lisa Vanderpump and HCW celebrated the debut of Wolf by Vanderpump Scottsdale at Caesars Republic Scottsdale, A Hilton Hotel, marking the brand's second Wolf by Vanderpump location. The property features a restaurant, rooftop pool and 8th floor Camelback Veranda.