Blackstone

Thailand's cabinet has moved forward with withdrawing the draft bill for casinos and entertainment complexes. And more hotel development news.

Blackstone Group agreed to buy the troubled Sunseeker Resort in Port Charlotte, Florida, for $200 million from Allegiant Travel Company. Plus more hotel development news.

In Coronado, California, the Hotel del Coronado announced the completion of the revitalization of its iconic Victorian building, the final milestone in Blackstone Real Estate's more than $550 million restoration plan to enhance the hotel.

Jalisco announced $1 billion investment for 38 new hotels by 2028, with Hyatt investing $295 million in three Puerto Vallarta properties.

Marriott, Hilton, Rosewood and other hotel groups announce property openings, renovations and investments worldwide.

IHG and Choice were optimistic about the rest of the year, though Choice moderated its outlook. The lodging sector expanded with Kessler Collection and others breaking ground.

If a "Trump Slump" materializes for a long stretch, analysts at Trust and Baird speculate about what it might mean for the hotel sector.

In 2024, Thai luxury hotels experienced significant year-on-year increases in average daily rates and occupancy across key tourist cities.

Barry Sternlicht is set to revive the Starwood brand through his current hotel management company, SH Hotels & Resorts, rebranding it as Starwood from February.

U.S. hotel construction surged in Q4 2024, reaching 6,378 projects and 746,986 rooms, with strong year-over-year growth and continued expansion projected through 2026.