Alchemy announced the sale of the La Quinta Inn & Suites by Wyndham Downtown Chicago, a 230-room hotel in Chicago's Loop. Plus, more hotel deal and development news.
Hilton announced the launch of Undergraduate by Hilton, a new upper-midscale brand developed to serve a broader range of college and university markets. Plus, more hotel deal and development news.
Loews will build a 500-room hotel at Pittsburgh's convention center as part of a $418 million project with state funding. Plus, more hotel deal and development news.
Hyatt, Wyndham, and Choice Hotels reported earnings. Hyatt saw great strength in Europe thanks to the Olympics and in China, too. Wyndham become more optimistic about the year. Choice struggled. Plus, more hotel deal and development news.
Service Properties Trust priced a $500 million public offering while Blackstone acquired Stanly Ranch through foreclosure. Plus, more hotel deal and development news.
Marriott launched Series by Marriott in the U.S. with a Santa Barbara conversion and signed 11 European hotel projects. Plus, more hotel deal and development news.
Hilton established Select by Hilton with Yotel as its first franchise partner across 23 hotels in 10 countries under the brand. Plus, more hotel deal and development news.
Queensgate, which ran Generator hotels in the U.S., is changing the branding. The Sheraton Atlantic City hotel will halve its 500 rooms for apartments despite casino industry objections to the conversion. Plus, more hotel deal and development news.