Holiday Inn

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.

Fairmont Tokyo celebrated its grand opening as the brand's first Japan property, occupying the upper floors of the Blue Front Shibaura tower.

Truman and Marriott International, Inc. announced plans to open three hotels in Calgary, including W Calgary, JW Marriott Calgary, and an Autograph Collection Hotel on Stampede Park.

Marriott signed agreements for hotels in: Detroit, Michigan; Muskoka, Canada; Gulf of Papagayo, Guanacaste, Costa Rica; and Jeddah, Saudi Arabia; bringing the Marriott Branded Residences total open and pipeline portfolio to around 300 projects.

Hotel REIT executives at Nareit showed caution due to transaction market weakness and uncertainty, with Truist citing stock frustration.

Hilton announces partnership with Delhi International Airport Limited to open Waldorf Astoria and Hilton Hotels at GMR Aerocity.

Choice Hotels International is expanding in China, announcing a distribution and franchise agreement with SSAW Hotels & Resorts Group.

CBRE's April 2025 report shows short-term rentals gaining market share as Google travel searches decline, suggesting potential slowdown in 2025 travel demand.

JLL reports record Q1 2025 RevPAR with $4.6B in U.S. hotel transactions, as Middle Eastern, European and Asian investors target urban assets.

Hotel Equities and Springboard Hospitality merged, plus other hotel news.