U.S. Winter Storms Hurt Hotel Performance
CoStar reported U.S. lodging data for the week ending 1/31, with RevPAR down 4%. Plus, more hotel deal and development news.
Arizona
Hotel Equities Adds 13 Texas Hotels
Hotel Equities will manage 13 TAJ Hospitality hotels in Lubbock, Texas, expanding its Texas portfolio to 29 properties across the state. Plus, more hotel deal and development news.
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.
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.
Sonesta Transitions 45 Hotels to NPA's Franchise Portfolio
Sonesta International said it had opened 45 hotels that expand the portfolio of private equity franchisee NPA. Plus, more hotel deal and development 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.
Hyatt Expands Its Essentials Portfolio
Hyatt has signed more than 20 new Hyatt Select deals this year and 70 total hotel deals for the Hyatt Studios brand.
Waldorf Astoria New York Officially Opens
The Waldorf Astoria New York has officially opened following an unprecedented restoration. Plus, more hotel deal and development news.
Parc 55 and Hilton San Francisco Union Square Sell for $408 Million
Newbond Holdings and Conversant Capital have closed on the purchase of the Parc 55 and Hilton San Francisco Union Square for $408 million. Plus, more hotel deal news.
Brookfield Buys a Sheraton Convention Hotel in Phoenix
Brookfield Hotel Properties has bought the Sheraton Phoenix Downtown, a 1,003-room convention center hotel. Plus more hotel deal and development news.