Milwaukee Moves Forward on Two Downtown Hotel Projects
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.
Quality Inn
Omni's $600M Hotel Project in New Orleans Approved
New Orleans' convention center has approved a new design for a $600 million headquarters hotel run by Omni. Plus, more hotel deal news.
Marriott Pushes Back on Sonder’s Claims Amid Bankruptcy Fallout
Marriott does not agree with the characterizations expressed in a Sonder press release, after Sonder's financial collapse. Plus, hotel deal and development news.
Macau's 2025 Visitation Is Unchanged From Last Year
Macau's hotels had 10.9 million guests in the first nine months of the year, reflecting flat year-on-year growth. Plus, more hotel deal news.
Mandarin Oriental Set to Go Fully Private
Mandarin Oriental Hotel Group is set to go private as the controlling shareholder, Jardine Matheson, is in the process of acquiring the remaining 11.96%. Plus more hotel deal news.
Marriott Opens Its First-Ever StudioRes Hotel
Marriott opened its first StudioRes hotel in Fort Myers, marking the company's entry into midscale extended stay lodging.
Choice Hotels Adds 9,500 High-End Rooms in China
Choice Hotels International is expanding in China, announcing a distribution and franchise agreement with SSAW Hotels & Resorts Group.
A Hotel in New York City Might Sell for $1 Billion
If Alexico Group wants to sell the Mark Hotel in New York City, it may have a significant offer awaiting. Plus other hotel development news.
U.S. Lodging REITs Hit 52-Week Lows as Markets Face Uncertainty
Yet the hotel industry continues to expand globally with multiple new properties and several boutique hotel openings.
Hyatt Deal Values Playa Hotels at $2.6 Billion
Hyatt Hotels is acquiring Playa Hotels & Resorts for $2.6 billion, funding it largely with new debt and asset sales, strengthening its all-inclusive presence in the Caribbean and Mexico.