Service Properties Trust Continues to Trim Hotel Portfolio
Service Properties Trust sold ten hotels with a total of 1,525 keys located for $71 million. Plus, other deal news.
Alabama
New York City May Get Nine-Story Hotel
Artifact filed plans for a nine-story, 40-key hotel at 23-27 Allen Street in Manhattan. Last year, only one hotel opened in New York City.
Taj May Lose New York's Pierre Hotel in $2 Billion Sale
Sultan of Brunei reportedly bids $2 billion for Pierre Hotel, threatening IHCL's Taj brand management contract. Plus other hotel deal and development news.
W New York Union Square Reopens After $100 Million Renovation
W New York Union Square reopened following a $100 million re-imagination of its 256 rooms and facilities. Plus other hotel deal and development news.
Hilton Grand Vacations Reports an In-Line Quarter
Hilton Grand Vacations reported a relatively in-line quarter for vacation ownership. Plus, hotel deals and development news.
Hotel Equities Founder Announces Retirement
Hotel Equities announced its Founder and Chairman Emeritus, Fred Cerrone, has decided to retire effective November 22, 2025. Plus more hotel deals and development news.
Hilton Grand Vacations Reports an In-Line Quarter
Hilton Grand Vacations reported a relatively in-line quarter. Plus, more hotel deal and development news.
Hilton Reaches 500 Open Hotels in Florida
Hilton surpasses 500 open hotels across Florida. Minor Hotels debuts four brands. A couple of dual-brand hotels open. And more hotel development news.
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.
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.