Florida

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 RevPAR exceeded C$200 for the first time on record in August, with ADR up 6.1%. Plus, other hotel deal and development news.

Sultan of Brunei reportedly bids $2 billion for Pierre Hotel, threatening IHCL's Taj brand management contract. Plus other hotel deal and development news.

Japan's Seibu Holdings will buy Ace Group International for $90M, acquiring the Ace Hotel brand and creative agency Atelier Ace. Plus more hotel deal and development news items.

Activist investor Tarsadia Capital sent a letter to the Board of Directors of Sunstone Hotel Investors calling on them to maximize value for shareholders. Plus, more deal and development news.

Hilton surpassed 200 hotels in Canada with its most recent openings. Plus more hotel deal and development news.

A soft brand for independent hoteliers, Mayfield, will launch from the creators of Magnuson Hotels. Plus more hotel deal and development news.

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.

W New York Union Square reopened following a $100 million re-imagination of its 256 rooms and facilities. Plus other hotel deal and development news.

Hotels across the U.S. are preparing for a potential drop in international visitors as a new $250 visa integrity fee is set to take effect on October 1, 2025. Plus more hotel deal and development news items.