Waterford and Maverick Groups Merge
Waterford Hotel Group and Maverick Hotels & Restaurants have merged in a strategic partnership. Together, they have 50 hotels. Plus, more hotel development stories.
LaSalle Investment Management
Blackstone's $550 Million Renovation of Hotel del Coronado in California
In Coronado, California, the Hotel del Coronado announced the completion of the revitalization of its iconic Victorian building, the final milestone in Blackstone Real Estate's more than $550 million restoration plan to enhance the hotel.
Roosevelt Hotel Privatization Decision Delayed Again
The Privatization Commission board of Pakistan could not decide on the mode of privatizing the Roosevelt Hotel in New York, with members divided between leasing it for 99 years or developing it through a joint venture.
Global Hotel Markets See Average Daily Rate Increases
Hotel growth in February was balanced with 64% of markets showing increased occupancy and 70% achieving a higher ADR than last year.
Puerto Vallarta Will Get an All-Inclusive by Marriott Bonvoy
Somm Hotel and Spa in Woodinville, Washington, part of Marriott's Autograph Collection, is set to open in the summer of 2025 as part of a $700 million development.
Home2 Suites by Hilton Houston/Katy in Texas completed renovations, featuring upgraded guestrooms and amenities.
The Balbin Bros. Cigar Factory in Tampa, Florida, is undergoing transformation into a 70-room boutique hotel, aiming to open by March 2025 while preserving its historical value.