Virgin Hotels

The Kimpton Ashbel New York-Park Avenue is now open at 70 Park Avenue in Midtown Manhattan. Plus, more hotel deal and development news.

Chatham Lodging Trust is acquiring six Hilton-branded hotels in Missouri, Illinois, and Kentucky. 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.

Virgin Hotels has sold its 250-room hotel in Chicago to a firm specializing in converting properties into timeshare investments. Plus more hotel deals and development news.

In Coronado, California, the Hotel del Coronado announced the completion of the revitalization of its iconic Victorian building, the final milestone in Blackstone Real Estate's more than $550 million restoration plan to enhance the hotel.

Amid mixed hotel sector performance, Hilton beat earnings while trimming 2025 guidance as hospitality firms expand with new properties across the US and globally.

Hotel investment in the Asia Pacific region is rising, with Japan, Singapore, and Australia leading interest, while investors shift focus to upscale segments and await interest rate clarity.

Marriott beat 4Q24 expectations, but its stock fell due to cautious guidance, softer NUG outlook, and lower share repurchases.

Hilton is expanding on Maui with a new Hampton Inn & Suites opening in April and the conversion of Maui Seaside Hotel into a Tapestry Collection by 2026.

Barclays and STR forecast modest RevPAR growth of around 2% through 2025, with some softening due to GDP and mixed short-term performance.