Chelsean New York Hotel Sold for $50 Million
Hyatt plans its first Regency-branded hotel in Tucson as Fairmont renovates 20% of its global portfolio. Plus, more hotel deal and development news.
Colorado
Portman Closes $540 Million in Financing for Cincinnati Downtown Marriott
Portman closed on $540 million in financing to build a 700-room Marriott in downtown Cincinnati. Plus, other hotel development news.
Hyatt Regency San Francisco Fetches $279 Million in Blackstone Deal
Sunstone Hotel Investors agreed to sell the 821-room Hyatt Regency San Francisco to funds affiliated with Blackstone Real Estate for $279 million. Plus, more hotel deal news.
The U.S. Sells Waldorf Astoria in Washington, D.C., for $80 Million
The federal government sold Washington, D.C.,'s former Old Post Office building, now a Waldorf Astoria hotel, to BDT & MSD Partners. Plus, more hotel deal and development news.
Hotel Transaction Market Finally Showing 'Actual Signs of Thawing,' Truist Says
Some takeaways from Truist include that the hotel transaction market is finally showing actual signs of thawing, instead of being talked about. Plus, more hotel deal and development news.
Sixth Street Acquires a Park Hyatt in Colorado for $176 Million
Sixth Street has acquired the Park Hyatt Beaver Creek Resort & Spa, a 193-key resort in Colorado, for $176 million from Braemar Hotels & Resorts. Plus, more hotel development news.
New York City Hotel Housekeepers Win Contract Worth $100,000 a Year
New York City hotels agreed to an eight-year contract that will pay housekeepers $100,000 a year, eventually. Plus, hotel deal and development news.
Milwaukee Moves Forward on Two Downtown Hotel Projects
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.
Chicago Could Get a New Boutique Hotel
BofA Securities says the lodging sector beat Q1 earnings by about 5% on average, but high expectations muted investor reactions. Plus, more hotel deal and development news.
A Stellar Quarter for Most Hotels
A strong first quarter for most hotel groups. AHLA released its FIFA World Cup hotel outlook as Marriott, Hilton, and Wyndham report solid early bookings despite concerns. Plus, more hotel deal and development news.