Portman Closes $540 Million in Financing for Cincinnati Downtown Marriott
Photo Credit: A rendering of a planned Cincinnati Downtown Marriott. Portman
Skift Take
Portman closed on $540 million in financing to build a 700-room Marriott in downtown Cincinnati. Plus, other hotel development news.
The DJIA ended the day up 72 points while Nasdaq was down 118, the S&P 500 was down a point and the 10-year treasury yield was down .01 to 4.39%. Lodging stocks were higher. BRH was the mover of note, down -5%, but the new high list was diversified with IHG, HGV, VAC, RLJ, APLE, INN, XHR and RHP hitting new 52-week high water markets.
CoStar's STR reported US hotel data for the week ended June 20th. US hotel RevPAR rose 9.7% year over year, with Luxury RevPAR up 17.4%. RevPAR at World Cup host cities was up 24%. Group RevPAR was up 16%. For context, read Skift’s U.S. Hotel Demand Is Rebounding — and It’s No Longer Just a Luxury Story.
PwC released its Hospitality & Leisure: US Deals 2026 Mid-Year Outlook and found that overall deal activity has slowed. Capital has become more cautious, even as travelers continue to travel amid rising prices. Deal volume over the trailing six months has decreased approximately 2.5%. Upscale, upper-upscale, and luxur
