Hyatt Expands With Park Hyatt and Alila Brands
Hyatt to open Miraval Red Sea in Q1 2026, expand Park Hyatt to five locations, and rebrand Andaz Mayakoba as Alila in Feb 2026. Plus, more hotel development news.
Cancun
$72 Million Sale of Westin Michigan Avenue Chicago Completed
Pebblebrook Hotel Trust has completed the sale of the 752-room Westin Michigan Avenue Chicago in Chicago, for $72 million. Plus, more hotel development news.
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.
Memphis Finalizes $22 Million Purchase of Sheraton Memphis Downtown
The City of Memphis closed on the $22 million deal to buy the Sheraton Hotel Downtown. Plus, more hotel deal and development news.
U.S. Hotel Performance Forecasts Get Downgraded
CoStar and Tourism Economics downgraded their U.S. hotel performance forecasts for 2025 and 2026. Plus, more hotel deal and development news.
Host Hotels' Strong Third Quarter
Host Hotels delivered a great third quarter report, as did DiamondRock Hospitality. Plus, Sonder's collapse and more hotel deal and development news.
Hilton Expects 4Q RevPAR to Be Positive
Hilton expects fourth-quarter RevPAR to be in positive territory due to the stronger group travel, easier comps, and holiday shifts. Plus more hotel news.
Canada Sees Surge in Domestic Visitor Spending
Canada's domestic visitor spending is projected to grow more than 8.3%, more than double the year-on-year growth from last year. Plus, hotel deals and development news.
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.
Analysts Watch U.S. Hotel Demand and Construction
The hotel industry shows mixed signals as some AAHOA members see slowing construction, while CoStar reports a sharp decline in international arrivals.