Service Properties Trust Sells 5 Hotels for $75.5 Million
Service Properties Trust sold five hotels for a combined sales price of $75.5 million. New World is selling the Rosewood London. And other hotel deal and development news.
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Mandarin Oriental Shareholders Approve Privatization
Mandarin Oriental Hotel Group and controlling shareholder Jardine Matheson reported that a majority of MOHG’s independent shareholders voted in favor of Jardine Matheson’s bid to acquire the remaining stake in the company…
Host Hotels' Strong Third Quarter
Host Hotels delivered a great third quarter report, as did DiamondRock Hospitality. Plus, Sonder's collapse and more hotel deal and development news.
Marriott to Bring City Express Brand to Asia Pacific
Marriott International will introduce its City Express by Marriott brand to the Asia Pacific region, with the first hotels in Japan next year. Plus more hotel deal news.
2 Luxury New York City Hotels Are Sold
Kam Sang bought Edition Clocktower for $250 million while Cain acquired Dominick Hotel for $175 million in separate Manhattan deals. Plus, more hotel deal and development news.
Magna-Managed Fund Sells Four Hotels for Nearly $500 Million
A fund managed by Magna Hospitality has sold a portfolio of four hotels for a total of $489.8 million. Plus, more hotel deal news.
Service Properties Trust Continues to Trim Hotel Portfolio
Service Properties Trust sold ten hotels with a total of 1,525 keys located for $71 million. Plus, other deal news.
New York City May Get Nine-Story Hotel
Artifact filed plans for a nine-story, 40-key hotel at 23-27 Allen Street in Manhattan. Last year, only one hotel opened in New York City.
San Francisco's Hotels Finally Rebound
Hotel occupancy may reach 65.2% in 2025, up 3.7% from last year, with 34 large-scale events booked for the year.
Canada Sees Surge in Domestic Visitor Spending
Canada's domestic visitor spending is projected to grow more than 8.3%, more than double the year-on-year growth from last year. Plus, hotel deals and development news.