MCR informed partners it can't deliver its $200M equity commitment by the expected closing date for Soho House's take-private deal. Plus, more hotel deal and developmen 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.
Marriott International opened two Longer Stays hotels in Florida, while Hyatt Centric Delfina Santa Monica completed a $16 million renovation. Plus, more hotel development news.
Goldman Sachs launched a $500 million Japan-focused fund targeting hotels and other assets, with plans to close by the end of March. Plus, more hotel deal and development news.
Hilton removed a Minnesota Hampton Inn from its system after videos showed the franchise refusing bookings from DHS and ICE agents. Plus, hotel deal and development news.
Hyatt partners with Indochina Kajima to debut its Unscripted brand globally, adding six Wink hotels and over 2,000 rooms across Vietnam. Plus more hotel deal and development 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.
Thailand's tourist arrivals fell 7% to 32.6M through Dec. 28, hurt by Chinese actor abduction, Myanmar quake, flooding and stronger baht. Plus more hotel deal and development news.
Hyatt sold its Playa Hotels portfolio to Tortuga Resorts for $2 billion, while Hilton expanded with new dual-brand properties in Puerto Rico. Plus, other hotel deal and development news.
Gencom has reacquired a majority interest in the 115-key The Ritz-Carlton Coconut Grove situated in Miami, Florida. Plus, more hotel deal and development news.