6 Hilton-Branded Hotels Sold for $92 Million
Chatham Lodging Trust is acquiring six Hilton-branded hotels in Missouri, Illinois, and Kentucky. Plus, more hotel deal and development news.
Illinois
Ritz-Carlton Hotels in New York, D.C. Set for New Owners
Westbrook Partners is selling Ritz-Carlton hotels in New York and Washington, D.C. Plus more hotel deal and development news.
Dallas Leads U.S. Hotel Construction Pipeline
Dallas leads U.S. hotel construction with 193 projects, while Ghoman Hotels plans a $185M JW Marriott conversion in downtown Louisville.
MCR Can’t Fund $200 Million Commitment to Take Soho House Private
MCR informed partners it can't deliver its $200M equity commitment by the expected closing date for Soho House's take-private deal. Plus, more hotel deal and developmen news.
The Latest Hotel Development & Deal News
New hotel openings include Hilton's Slackline Moab, Hyatt Place Bozeman and Sonesta's Dry Creek Inn; Shamin breaks ground on 270-room Virginia project.
Loews Hotels Plans $410 Million Arlington Property
Loews Hotels will build a $410 million luxury hotel in Arlington, Texas, replacing the existing Sheraton Arlington Hotel by September 2026. Plus, more hotel development news.
$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.
Parc 55 and Hilton San Francisco Union Square Sell for $408 Million
Newbond Holdings and Conversant Capital have closed on the purchase of the Parc 55 and Hilton San Francisco Union Square for $408 million. Plus, more hotel deal news.
Bally’s Plans 3,000-Room Resort Around New Las Vegas Ballpark
Bally’s Las Vegas will be built in phases, eventually featuring 3,000 hotel rooms. Plus, more hotel deal and development news.
Canada’s Hotel Industry Is Booming
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.