Warburg Pincus will buy APG's 41% stake in Fleur Hotels and invest $106M for growth as Lemon Tree restructures into two platforms. Plus, more hotel deal and development news.
Lemon Tree Hotels' shares went on a roller coaster ride, jumping 4% on Wednesday on reports that private equity firm Warburg Pincus is on the way to acquiring a meaningful stake in the company. Plus, other hotel deal news.
Deutsche Bank rates Hyatt and Wyndham as buys for 2026, holds on Hilton and Marriott due to premium valuations and limited upside. Plus, more hotel deal and development news.
Wyndham will open the Baymont Kunming Wuhua in the heart of the Yunnan capital’s commercial center. Plus, more hotel deal and development news for APAC.
For the full year, Choice cut its projection for U.S. RevPAR to decline by between -2% and -3%, worse than a previous range of between 0% and -3%. Plus, more hotel deal and development news.