Issues

Lotte Hotels & Resorts is moving away from direct ownership of overseas hotels in favor of management contracts. Plus, more hotel deal and development news from APAC.

Lots of enthusiasm for hotel development at the NYU IHIF conference. Plus, other hotel development news.

After numerous attempts and obstacles, OYO parent Prism may finally have its long-awaited IPO. Plus, more hotel deal and development news from APAC.

Some takeaways from Truist include that the hotel transaction market is finally showing actual signs of thawing, instead of being talked about. Plus, more hotel deal and development news.

APA Group's goal is to double its overseas hotel room count to 10,000 and increase revenue by more than 30% by fiscal year 2030. Plus, more hotel deal and development news from APAC.

Hilton announced the launch of Undergraduate by Hilton, a new upper-midscale brand developed to serve a broader range of college and university markets. Plus, more hotel deal and development news.

Choice Hotels Asia-Pac is adding two Ascend Collection properties in Australia through established owner-operators. Plus, more hotel deal and development news from APAC.

Sixth Street has acquired the Park Hyatt Beaver Creek Resort & Spa, a 193-key resort in Colorado, for $176 million from Braemar Hotels & Resorts. Plus, more hotel development news.

Pebblebrook Hotel Trust completed the sale of the 115-room Chamberlain West Hollywood Hotel in Los Angeles. Plus, more hotel deal and development news.

South Korea exceeded pre-pandemic levels in April, welcoming more than two million international visitors. Plus, more hotel deal and development news from APAC.

Developers are building a $150 million Sports Illustrated-branded riverfront resort in Tuscaloosa, with 161 units and roughly 12,000 square feet of restaurant and retail space. Plus, more hotel deal news.

Rosewood Hotels & Resorts announced plans for Rosewood Tokyo, the brand’s first urban hotel in Japan. Plus, more hotel deal and development news from APAC.