Sotherly Hotels Inc.

Hilton Grand Vacations reported a relatively in-line quarter for vacation ownership. Plus, hotel deals and development news.

Hilton Grand Vacations reported a relatively in-line quarter. Plus, more hotel deal and development news.

Blackstone Group agreed to buy the troubled Sunseeker Resort in Port Charlotte, Florida, for $200 million from Allegiant Travel Company. Plus more hotel development news.

Minor International Plc plans to expand in the U.S. with an Anantara hotel by early next year, driven by the surge in bookings at its Thailand properties following The White Lotus exposure.

CBRE predicts steady RevPAR growth of 2.0% in 2025, driven by urban market strength, increased travel, and economic recovery.

MCR secured $300 million in refinancing for a 22-hotel portfolio spanning 14 states, replacing $280 million in prior debt through a CMBS transaction with J.P. Morgan and BMO Capital Markets as co-leads.

The U.S. hotel deals market is expected to see steady annual growth of around 10% over the next few years, despite regional variations in activity.

Global tourism rebounded strongly in 2024, with international arrivals reaching 98% of pre-pandemic levels, driven by post-pandemic demand, increased air connectivity, and growth in key regions like the Middle East, Europe, and Asia-Pacific.

American Express Global Business Travel predicts sustainability, personalized experiences, technology, and flexible pricing will reshape the hotel industry by 2025.

The nationwide hotel strike is intensifying, impacting major hotel chains and owners, with concerns about the long-term effects of either giving in to union demands or enduring prolonged strikes.