Latest News

aerial view of a seaside resort
Asia-Pacific

Hilton Plans 150 Luxury Hotels in Asia Pacific

Hilton plans to significantly expand its luxury hotel portfolio in Asia Pacific, aiming to surpass 150 properties by partnering with Small Luxury Hotels of the World and introducing new luxury brands to the market.
Alan Woinski | 1 week ago
North America

Hotel Worker Strikes Could Pick Up Steam

The nationwide hotel strike is intensifying, impacting major hotel chains and owners, with concerns about the long-term effects of either giving in to union demands or enduring prolonged strikes.
Alan Woinski and Kim Woinski | 1 week ago
Asia-Pacific

Asia Pacific Hotel Outlook Mixed for Next Year

JLL's latest survey forecasts mixed fortunes for the Asia Pacific hotel sector in 2024/2025, with optimism in North, South, and Southeast Asia, caution in Australasia and Greater China, and varied expectations for revenue, occupancy, and Capex investments.
Alan Woinski | 1 week ago
North America

Roosevelt Hotel Privatization Decision Delayed Again

The Privatization Commission board of Pakistan could not decide on the mode of privatizing the Roosevelt Hotel in New York, with members divided between leasing it for 99 years or developing it through a joint venture.
Alan Woinski and Kim Woinski | 2 weeks ago
North America

3 Large Texas Hotels Secure Refinancing

JLL Capital Markets successfully refinanced three major Texas hotels—Sheraton Dallas, Marriott Marquis Houston, and Fairmont Austin—securing significant loans for each property.
Alan Woinski and Kim Woinski | 2 weeks ago
Asia-Pacific

IHG Debuts Garner Brand in Thailand

IHG Hotels & Resorts is expanding its presence in Thailand by introducing its new brand, Garner, and aiming to double its hotel portfolio in the country.
2 weeks ago
North America

Four Seasons Expands Portfolio of Luxury Private Residences

Four Seasons Resort Vail is launching Tavernetta Vail in Winter 2024 as part of a series of upgrades, while the company expands its global luxury residential portfolio with significant growth and new leadership.
Alan Woinski and Kim Woinski | 2 weeks ago
Asia-Pacific

PATA's Tourism Recovery Scenarios for Asia Pacific

The Pacific Asia Travel Association (PATA) laid out tourism recovery scenarios for the Asia Pacific, predicting a slow recovery with 2024 arrivals still 31% below 2019 levels, and a range of outcomes for Thailand by 2026.
Alan Woinski | 2 weeks ago
North America

Large Hotel Transactions Are on the Rise

JLL reports a significant rise in large hotel transactions, particularly in luxury markets, with 2024 seeing a 59% increase in single-asset deals over $200 million, totaling $4 billion.
Alan Woinski and Kim Woinski | 2 weeks ago
North America

IHG to Expand Lifestyle Luxury Portfolio

IHG Hotels & Resorts and Six Senses announced the signing of Six Senses Telluride, a luxury property with extensive amenities set to open in 2028 in North America's Mountain West Region.
Alan Woinski and Kim Woinski | 3 weeks ago