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Hyatt plans its first Regency-branded hotel in Tucson as Fairmont renovates 20% of its global portfolio. Plus, more hotel deal and development news.

Axis Hotel Group is preparing to open the Courtyard by Marriott Fresno Downtown by August. Plus, more hotel development news.

Jefferies described its NYU/NAREIT meetings as being among the most constructive in recent memory. Plus, other hotel deal and development news.

Portman acquired the Westin Peachtree Plaza from Marriott and plans a renovation before the 2028 Super Bowl in Atlanta. Plus, more hotel deal and development news.

JLL reported U.S. hotel deal volume grew 14.4% in Q1 to $5.6 billion, with private equity making up 34% of the buyer pool. Plus, more hotel deal and development news.

Minor Hotels launched Colbert Collection, a new global premium soft brand for independent hotels. Plus, more hotel deal and development news.

The Daily Lodging Report turned 30 years old today! Soho House reached an agreement with an investor group led by MCR and its Chairman and CEO Tyler Morse to take SHCO private at $9 a share.

Bloomberg reported that Japan’s Seibu Holdings is close to signing a deal to acquire the eight-property Ace hotel brand. Will it sell for about $85 million? Read about that and other hotel development deals and news.

DoubleTree by Hilton has added 40 properties in the past year, including in Nice, Laos, the Azores Islands, and Malta. Meanwhile, Canada's hotel industry reported mixed year-over-year performance in April, plus other hotel news.

Marriott, Hilton, Rosewood and other hotel groups announce property openings, renovations and investments worldwide.