Alchemy Sells Wyndham-Branded Chicago Hotel
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.
Memphis
World's Largest Marriott Gets a Renovation
Orlando World Center Marriott completed a renovation of its Grand Ballroom spanning more than 36,000 square feet of event space. Plus, more hotel deal and development news.
1,300-Room Hotel Set to Reopen in Times Square
ROW NYC will reopen on May 1 in New York’s Times Square with 1,300 rooms. Plus, more hotel and deal 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.
Memphis Finalizes $22 Million Purchase of Sheraton Memphis Downtown
The City of Memphis closed on the $22 million deal to buy the Sheraton Hotel Downtown. Plus, more hotel deal and development news.
Marriott Pushes Back on Sonder’s Claims Amid Bankruptcy Fallout
Marriott does not agree with the characterizations expressed in a Sonder press release, after Sonder's financial collapse. Plus, hotel deal and development news.
Hilton Expects 4Q RevPAR to Be Positive
Hilton expects fourth-quarter RevPAR to be in positive territory due to the stronger group travel, easier comps, and holiday shifts. Plus more hotel news.
Magna-Managed Fund Sells Four Hotels for Nearly $500 Million
A fund managed by Magna Hospitality has sold a portfolio of four hotels for a total of $489.8 million. Plus, more hotel deal news.
Sonesta Unveils Extended-Stay Brand Extension
Sonesta announced the debut of Americas Best Value Studios by Sonesta, an extended stay extension of Sonesta’s most franchised brand, Americas Best Value Inn. Plus, more hotel deal news.
Service Properties Trust Continues to Trim Hotel Portfolio
Service Properties Trust sold ten hotels with a total of 1,525 keys located for $71 million. Plus, other deal news.