U.S. Sees Year-Over-Year Visitor Increase
Overseas visitor volume to the U.S. in April was up modestly year-over-year. Plus, LVMH sells its only U.S. hotel, and a lot of other hotel development news.
North America
Blackstone Agrees to Buy Allegiant's Sunseeker Resort
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.
Calgary Lands 3 Marriott Hotels in Billion-Dollar Deal
Truman and Marriott International, Inc. announced plans to open three hotels in Calgary, including W Calgary, JW Marriott Calgary, and an Autograph Collection Hotel on Stampede Park.
Condo Hotel Brand Hotel101 Goes Public on Nasdaq
We have our first Filipino lodging stock trading in the U.S. as Hotel101, which went public via a merger with a SPAC.
Hyatt to Sell Playa’s Real Estate Portfolio
Hyatt sells $2B Playa resort portfolio to Tortuga, partly backed by private equity firm KSL. Plus: Goldman exits $100m Greek project.
Canadian Hotel Performance Soars as Global Brands Expand Presence
Canada hotels gain 5.3% RevPAR in May; multiple hotel deals, acquisitions, renovations & new openings across North America and Europe.
Mint House Announces Expansion Into Washington, D.C
Mint House announced its expansion into Washington, D.C., with the grand opening of its newest property, and other hotel development news.
Marriott Vacation Clubs Announces Expanded Benefits
Abound by Marriott Vacations exchange members now gain access to more than 8,000 Marriott hotels worldwide.
Exclusive Resorts Takes Controlling Interest in Onefinestay
Exclusive Resorts reached a strategic agreement with Accor to take a significant minority stake in the French hotel giant’s OneFineStay luxury vacation rental brand.
Many Would-Be Hotel Buyers Are in a Wait-and-See Mode
The latest CBRE U.S. Hotels State of the Union report reveals a modest recovery in hotel performance, plus more hotel development news from Peachtree and other leaders.