Driftwood Capital

Hyatt sold its Playa Hotels portfolio to Tortuga Resorts for $2 billion, while Hilton expanded with new dual-brand properties in Puerto Rico. Plus, other hotel deal and development news.

Lotte announced it has acquired the site of the Lotte New York Palace hotel in Manhattan. Plus, more hotel deal and development news.

Wyndham says it now has more than 720 hotels now operating across Europe, the Middle East, Eurasia, and Africa. Plus more hotel deals and development news.

IHG Hotels & Resorts celebrated the milestone of 100 open hotels for its voco brand within just seven years. Plus, other hotel news.

Late last week, hotel REITs in the U.S. released an avalanche of earnings and investors were in a good mood again.

Hospitality industry faces challenges amid cautious analyst forecasts. Dreamscape Hospitality celebrates growth with 40 properties in the pipeline.

Hyatt Hotels is acquiring Playa Hotels & Resorts for $2.6 billion, funding it largely with new debt and asset sales, strengthening its all-inclusive presence in the Caribbean and Mexico.

Truist projects 2025 will closely resemble 2024’s hotel performance—with modest RevPAR growth, potential M&A, and continued cost pressures for REITs—while favoring Wyndham and Ryman Hospitality.

The U.S. hotel industry saw slight year-over-year performance improvements in November 2024, with New York leading occupancy gains among major markets.

W Hollywood, reimagined by Marriott International, Trinity Investments, and Oaktree Capital, now offers redesigned amenities including 319 rooms, dining options, a rooftop venue, a revamped gym, and extensive event spaces.