Armani Seeks to Scale Up Hotel Brand
The Armani Group announced a new joint venture to develop more Armani hotels. Plus, other hotel development news.
Alabama
MCR Can’t Fund $200 Million Commitment to Take Soho House Private
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.
Marriott Reaches 100 Signed Agreements for City Express by Marriott Properties
City Express by Marriott has reached 100 signed agreements in the U.S. and Canada. Plus, more hotel deal and development news.
$72 Million Sale of Westin Michigan Avenue Chicago Completed
Pebblebrook Hotel Trust has completed the sale of the 752-room Westin Michigan Avenue Chicago in Chicago, for $72 million. Plus, more hotel development news.
Truist Expresses Optimism About Travel in 2026
Favorable holiday shifts year-over-year, the World Cup, and 250th-anniversary tourism could all support hotel demand in 2026, says Truist. Plus, hotel deal news.
Memphis Finalizes $22 Million Purchase of Sheraton Memphis Downtown
The City of Memphis closed on the $22 million deal to buy the Sheraton Hotel Downtown. Plus, more hotel deal and development news.
Peachtree Group Hotel Portfolio Exceeds $2 Billion
Peachtree Group announced that its hotel development portfolio has exceeded $2 billion nationwide. Plus other hotel deal news.
Meliá Lands Contract to Manage Lionel Messi’s Hotel Brand
The George at Columbia, Tapestry Collection by Hilton is now open in Harlem. Plus, news from Rosewood, Melia, and other hotel companies.
Magna-Managed Fund Sells Four Hotels for Nearly $500 Million
A fund managed by Magna Hospitality has sold a portfolio of four hotels for a total of $489.8 million. Plus, more hotel deal news.
Sonesta Unveils Extended-Stay Brand Extension
Sonesta announced the debut of Americas Best Value Studios by Sonesta, an extended stay extension of Sonesta’s most franchised brand, Americas Best Value Inn. Plus, more hotel deal news.