The revised system adds undercover inspections and steeper penalties for hotels that overcharge guests. Plus, more hotel deal and development news from APAC.
The Chambers Hotel New York in Midtown Manhattan has reopened as a fully independent boutique hotel after a brief period as a Sonder property. Plus, more hotel deal and development news.
Scheduled to open in late 2027, W Apartments Cleveland will let renters sign as tenants of units at the Erieview Tower. Plus, more hotel deal and development news.
Sunstone Hotel Investors agreed to sell the 821-room Hyatt Regency San Francisco to funds affiliated with Blackstone Real Estate for $279 million. Plus, more hotel deal news.
Ashford Hospitality Trust said it sold four hotels and agreed to sell two others, projecting more than $60 million in future capital expenditure savings. Plus, hotel development news.
Hilton said the deals underscore confidence in Hilton Garden Inn - Gen A, a prototype built for the China market. Plus, more hotel deal and development news from APAC.
More than 62% of Thai operators surveyed expect long-haul guests to decline by more than 10% in Q2 2026. Plus, more hotel deal and development news from APAC.
JLL reported U.S. hotel deal volume grew 14.4% in Q1 to $5.6 billion, with private equity making up 34% of the buyer pool. Plus, more hotel deal and development news.