Tribe Hotels from Accor has opened its first property in Phuket, Thailand, with the launch of Tribe Phuket Patong. And more hospitality development news.
Bloomberg reported that Japan’s Seibu Holdings is close to signing a deal to acquire the eight-property Ace hotel brand. Will it sell for about $85 million? Read about that and other hotel development deals and news.
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.
U.S. hotel RevPAR was down by -0.1% year over year in April. The Easter shift, geopolitical/tariff impact, were blamed for the sluggish month. Group RevPAR was down -2%.