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North America
Starwood Capital to Transfer 10 Hotels to a SPAC
Starwood Capital Group signed a deal with SPAC Jaws Mustang Acquisition to merge. If completed, the SPAC will become the direct or indirect owner of Starwood entities’ interests in an initial portfolio of 10 properties, including the 1 Hotel Brooklyn Bridge. -
North America
Choice Hotels Tries Another Time With Wyndham
Choice Hotels issued a press release urging Wyndham stockholders to tender their shares before the March 8 deadline. We would characterize the press release as of begging WH shareholders to threaten they will pull the plug. -
Asia-Pacific
Thailand’s Real Estate Outlook
Thailand’s commercial real estate industry is poised to perform strongly in 2024, driven by the ongoing recovery in the country’s tourism market, growing manufacturing sectors, and flight to quality and flight to green movements into prime assets across core sectors. -
North America
Marriott’s Massive Expansion Across the Caribbean and Latin America
Marriott International announced a year of robust room signings and additions across the Caribbean and Latin America in 2023. The Company nearly doubled its number of organic deal signings in the region versus the prior year. -
North America
MCR Refinances Its Hotel Portfolio
MCR has refinanced a 16-hotel portfolio for $333 million, generating $51 million of net proceeds. In less than three years, MCR doubled the portfolio’s new operating income, increasing it from $15 million at acquisition to $36 million. -
North America
Melia Hotels Announces International Push
In 2024, the company’s expansion plans include an initial goal of opening more than twenty hotels and continuing to sign as many new projects. -
Asia-Pacific
$750 Million Expansion of Las Vegas Sands’ Marina Bay Sands in Singapore
Las Vegas Sands’ Marina Bay Sands in Singapore’s expansion plans received another increase. Marina Bay Sands said they launched the second phase of its significant reinvestment program. -
North America
Hilton Launches Hilton for Business
Hilton debuted Hilton for Business, a new, digital-forward travel program empowering professionals running small- and medium-sized businesses to simplify travel management while enhancing rewards and discounts for their loyalty. -
North America
Hilton’s Home2 Suites Announces Newest Property
Home2 Suites by Hilton announced its newest property, Home2 Suites by Hilton Phoenix Downtown. -
North America
Four Seasons Unveils Expansion of Residential Offerings
Four Seasons will develop the Four Seasons Residences at The Ocean Club in Nassau, Bahamas. This project, set to open in 2027, will include 67 Private Residences with luxurious amenities including an oceanfront pool, private cabanas, a beachfront restaurant, a spa, and more.