Wheelock Street may acquire the $458M Historic Cavalier resort in Virginia Beach, as Moon Palace opens 2,171 suites in Punta Cana. Plus, more hotel deal and development news.
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.
Canada's hotel industry reported a third consecutive month of year-over-year performance increases. Dolce by Wyndham is expanding its U.S. footprint with three new hotels. Plus, more hotel deal and development news.
Invel Real Estate secured a EUR 65 million UniCredit facility to expand its Yellow Square hybrid-hotel brand across Italian cities. Plus, more hotel deal and development news.
Investment analysts say the Iran conflict's effects will be offset by continued optimism around U.S. tax refunds and a potential positive impact from the World Cup. Plus, hotel deal and development news.
Accor agreed to sell its stake in Essendi, formerly AccorInvest, to a Blackstone-led consortium for up to 975 million euros. Plus, more hotel deal and development news.
Marriott plans a joint venture with Lefay's founders to bring the luxury wellness brand into its portfolio and expand it globally. Plus, challenges and opportunities at Service Properties Trust and other hotel deal and development news.