Service Properties Trust priced a $500 million public offering while Blackstone acquired Stanly Ranch through foreclosure. Plus, more hotel deal and development news.
Marriott plans a joint venture with Lefay's founders to bring the luxury wellness brand into its portfolio and expand it globally. Plus, challenges and opportunities at Service Properties Trust and other hotel deal and development news.
Meanwhile, Truist forecasts mid and upper-end U.S. hotel RevPAR growth of 2% to 4%, above Wall Street consensus, while upgrading Airbnb. Plus, more hotel deal and development news.
Marriott launched Series by Marriott in the U.S. with a Santa Barbara conversion and signed 11 European hotel projects. Plus, more hotel deal and development news.
New Zealand drew 1.79 million holiday arrivals in 2025, up 12% from 2024 but still about 9% below 2019 pre-pandemic levels. Plus, Marriott expands in China and other hotel deal and development news.
Sun Group and Marriott plan 10 new hotels in Vietnam, bringing W and Moxy brands to the country for the first time. Plus, more hotel deal and development news.
Mirae Asset will build a 261-room JW Marriott in Yeosu, South Korea, as part of a marine tourism complex opening in 2029. Plus, more hotel deal and development news.