IHG’s Voco Opens Its Largest Hotel in the Americas
IHG’s voco hotels has debuted its largest property in the Americas, voco Times Square - Broadway. Plus, more hotel and deal news.
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$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.
Hyatt Opens First JdV by Hyatt Property in Southeast Asia
Singapore's Resorts World Sentosa will open The Laurus, a 183 all-suite hotel tied up with Marriott International. Plus more hotel deals and development news.
Hilton Grand Vacations Reports an In-Line Quarter
Hilton Grand Vacations reported a relatively in-line quarter. Plus, more hotel deal and development news.
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.
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.
Brookfield Buys Generator's European Operations for €776 Million
Brookfield Asset Management has acquired the Generator Hostels' European brand and hotels for €776 million from Queensgate Investments.
IHG and Choice Hotels Report Earnings
IHG and Choice were optimistic about the rest of the year, though Choice moderated its outlook. The lodging sector expanded with Kessler Collection and others breaking ground.
Hawaii Set to Hike Hotel Tax
Crestline Hotels & Resorts takes over management of the AC Hotel Seattle Downtown as lodging companies expand portfolios.
U.S. Hotel Occupancy for Mid-April Drops
Multiple hotel companies announced property openings globally, including Peachtree Group receiving USCIS approval for a SpringHill Suites in Utah.