Choice Hotels launches MainStay Suites in Australia with seven hotels planned, marking the brand's first expansion outside North America. Plus, more hotel deal and development news.
Thailand has cut its forecast for foreign tourist arrivals this year to 33 million, down from a hoped for 37 million and down from the nearly 40 million foreign visitors recorded in 2019.
International expansion is gaining ground at Choice, with full control in Canada and rising overseas openings. Plus more hotel deals and development news.
Pebblebrook has challenged the market value assessments that the city assigned to and used to collect taxes from a group of downtown hotels purchased by the REIT in 2018.
Canadian hotel investment surged in 2024, surpassing $2 billion, driven by strong market fundamentals, investor confidence, and heightened competition for quality assets.