Loews Hotels will build a $410 million luxury hotel in Arlington, Texas, replacing the existing Sheraton Arlington Hotel by September 2026. Plus, more hotel development news.
Morgan Stanley changed price targets on its covered hotel companies . Hilton’s PT was lowered to $167 from $171, while Wyndham’s PT was upped to $90 from $87.
Chatham Lodging Trust announced they repaid in full three mortgages with outstanding principal of $73.3 million and a weighted average interest rate of 8%.
Four Seasons Resort and Residences Los Cabos at Costa Palmas will begin taking reservations for its ultra-luxury Private Retreats collection soon.
