Alchemy announced the sale of the La Quinta Inn & Suites by Wyndham Downtown Chicago, a 230-room hotel in Chicago's Loop. Plus, more hotel deal and development news.
A strong first quarter for most hotel groups. AHLA released its FIFA World Cup hotel outlook as Marriott, Hilton, and Wyndham report solid early bookings despite concerns. Plus, more hotel deal and development news.
Meanwhile, Truist forecasts mid and upper-end U.S. hotel RevPAR growth of 2% to 4%, above Wall Street consensus, while upgrading Airbnb. Plus, more hotel deal and development news.
Jefferies says World Cup should offset cost inflation and geopolitical issues, predicting modest RevPAR growth and solid earnings in 2026. Plus more hotel deal and development news.
Waterford Hotel Group and Maverick Hotels & Restaurants have merged in a strategic partnership. Together, they have 50 hotels. Plus, more hotel development stories.