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.
California
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.
U.S. RevPAR Trends Weaker Than Expected
Baird and Barclays said they expect a downbeat 3Q earnings season with disappointing RevPAR. Plus, deal and development news.
Hilton Hits 9,000 Hotels Globally
Hilton announced it has reached the milestone of 9,000 hotels globally, representing nearly three openings per day since reaching 8,000 hotels just over a year ago.
Bally’s Plans 3,000-Room Resort Around New Las Vegas Ballpark
Bally’s Las Vegas will be built in phases, eventually featuring 3,000 hotel rooms. Plus, more hotel deal and development news.
Service Properties Trust's Selling Spree
Service Properties Trust sold three hotels with a total of 413 keys located in three states for a combined sales price of $26.5 million.
Canada’s Hotel Industry Is Booming
Canada’s hotel RevPAR exceeded C$200 for the first time on record in August, with ADR up 6.1%. Plus, other hotel deal and development news.
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.
Honolulu Is Set to Welcome a 36-Story Hotel Tower
Hilton Hawaiian Village Waikiki Beach Resort's new 36-floor Ala Moana Boulevard Tower will add 515 rooms with construction starting next year. Plus more hotel deal and development news items.