U.S. hotel transaction volume dropped to $4.3 billion in Q3, according to CoStar, with over half of deals under $10 million. Plus, more hotel deal and development news.
The top hotel pipeline cities in Canada at the close of the second quarter are led by Toronto, Vancouver, and Niagara Falls. Plus, more hotel deals and development news.
Virgin Hotels has sold its 250-room hotel in Chicago to a firm specializing in converting properties into timeshare investments. Plus more hotel deals and development news.
Hilton has retained its position as the world’s most valuable hotel brand for the 10th consecutive year, according to the latest report by Brand Finance.
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.