Extended Stay America

Affiliates of Lodging Advisory Group sold a 16-hotel, 1,775-room, five-stay Extended Stay America portfolio. Plus, more hotel deal and development news.

The original soft brand, Ascend Collection from Choice Hotels has surpassed its 500th property milestone. Plus, more hotel deal and development news.

Wyndham surpassed 100 hotels in Mexico, a $500 million InterContinental breaks ground in Orlando, and more hotel deal and development news.

Accor agreed to sell its stake in Essendi, formerly AccorInvest, to a Blackstone-led consortium for up to 975 million euros. Plus, more hotel deal and development news.

Marriott plans a joint venture with Lefay's founders to bring the luxury wellness brand into its portfolio and expand it globally. Plus, challenges and opportunities at Service Properties Trust and other hotel deal and development news.

IHG launched its 21st brand, Noted Collection, while Hyatt's Thomas Pritzker resigned over ties to Jeffrey Epstein and Ghislaine Maxwell. Plus, deal and development news.

The Armani Group announced a new joint venture to develop more Armani hotels. Plus, other hotel development news.

A soft brand for independent hoteliers, Mayfield, will launch from the creators of Magnuson Hotels. Plus more hotel deal and development news.

Lodging Analytics Research & Consulting (LARC) forecasts that 2025 U.S. Hotel EBITDA will decline 5.5% year-over-year and Hotel Values to decrease 4%. For 2026, it forecasts U.S. Hotel EBITA to decrease 1.1% and Hotel Values to decrease 3%.

CoStar said the volume of US hotel rooms under construction decreased year over year for a sixth consecutive month, down by almost 12%.