Hyatt to Sell Playa’s Real Estate Portfolio
Hyatt sells $2B Playa resort portfolio to Tortuga, partly backed by private equity firm KSL. Plus: Goldman exits $100m Greek project.
Canada
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.
Mint House Announces Expansion Into Washington, D.C
Mint House announced its expansion into Washington, D.C., with the grand opening of its newest property, and other hotel development news.
Many Would-Be Hotel Buyers Are in a Wait-and-See Mode
The latest CBRE U.S. Hotels State of the Union report reveals a modest recovery in hotel performance, plus more hotel development news from Peachtree and other leaders.
Marriott Branded Residences' Open and Pipeline Portfolio Nears 300 Projects
Marriott signed agreements for hotels in: Detroit, Michigan; Muskoka, Canada; Gulf of Papagayo, Guanacaste, Costa Rica; and Jeddah, Saudi Arabia; bringing the Marriott Branded Residences total open and pipeline portfolio to around 300 projects.
Subdued Tone Among Hotel REITs at Nareit Conference
Hotel REIT executives at Nareit showed caution due to transaction market weakness and uncertainty, with Truist citing stock frustration.
Marriott Opens Its First-Ever StudioRes Hotel
Marriott opened its first StudioRes hotel in Fort Myers, marking the company's entry into midscale extended stay lodging.
Limited Bullishness at NYU Hotel Show
Hotel industry executives showed subdued optimism at NYU Conference amid macro uncertainty and flat transaction growth expectations.
Hyatt Launches Unscripted While IHG Doubles Conversion Signings
Hyatt launches new Unscripted brand with 40 hotels in talks. IHG sees total global conversion signings nearly doubling between 2023 and 2024.
RJJ Hotels Partners with Jin Jiang for Southeast Asia Growth
Fliggy forecasts strong Dragon Boat Festival travel rebound while Accor transforms Shanghai's Peace Hotel into Raffles.