Alchemy announced the sale of the La Quinta Inn & Suites by Wyndham Downtown Chicago, a 230-room hotel in Chicago's Loop. Plus, more hotel deal and development news.
Pebblebrook Hotel Trust completed the sale of the 115-room Chamberlain West Hollywood Hotel in Los Angeles. Plus, more hotel deal and development news.
Developers are building a $150 million Sports Illustrated-branded riverfront resort in Tuscaloosa, with 161 units and roughly 12,000 square feet of restaurant and retail space. Plus, more hotel deal 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.
Hilton has announced Apartment Collection by Hilton, with initial properties in the U.S. launched in partnership with Placemakr. Plus, more hotel deal and development news.
Jefferies says World Cup should offset cost inflation and geopolitical issues, predicting modest RevPAR growth and solid earnings in 2026. Plus more hotel deal and development news.