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.
Marriott may bring the Edition to the former John Hancock building. Deloitte says only 45% of Americans plan a summer vacation with paid lodging, the lowest in six years. Plus, more hotel 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 removed a Minnesota Hampton Inn from its system after videos showed the franchise refusing bookings from DHS and ICE agents. Plus, hotel deal and development news.
Service Properties Trust sold five hotels for a combined sales price of $75.5 million. New World is selling the Rosewood London. And other hotel deal and development news.
Hyatt to open Miraval Red Sea in Q1 2026, expand Park Hyatt to five locations, and rebrand Andaz Mayakoba as Alila in Feb 2026. Plus, more hotel development news.