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.
Colliers expects the overall US lodging demand to grow at 1.3%, mostly on pricing power rather than occupancy. Plus, other hotel deal and development news.
Queensgate, which ran Generator hotels in the U.S., is changing the branding. The Sheraton Atlantic City hotel will halve its 500 rooms for apartments despite casino industry objections to the conversion. Plus, more hotel deal and development news.
Minor Hotels is to launch its first ever The Wolseley Hotels property in New York in 2027, with Dubai earmarked for its second location. Plus, more hotel development news.
Hyatt partners with Indochina Kajima to debut its Unscripted brand globally, adding six Wink hotels and over 2,000 rooms across Vietnam. Plus more hotel deal and development news.
Japan's Seibu Holdings will buy Ace Group International for $90M, acquiring the Ace Hotel brand and creative agency Atelier Ace. Plus more hotel deal and development news items.