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.
Michigan
Hilton Announces New Brand
Hilton has announced Apartment Collection by Hilton, with initial properties in the U.S. launched in partnership with Placemakr. Plus, more hotel deal and development news.
Hotel Equities Adds 13 Texas Hotels
Hotel Equities will manage 13 TAJ Hospitality hotels in Lubbock, Texas, expanding its Texas portfolio to 29 properties across the state. Plus, more hotel deal and development news.
Armani Seeks to Scale Up Hotel Brand
The Armani Group announced a new joint venture to develop more Armani hotels. Plus, other hotel development news.
Peachtree Group Hotel Portfolio Exceeds $2 Billion
Peachtree Group announced that its hotel development portfolio has exceeded $2 billion nationwide. Plus other hotel deal news.
Mandarin Oriental Set to Go Fully Private
Mandarin Oriental Hotel Group is set to go private as the controlling shareholder, Jardine Matheson, is in the process of acquiring the remaining 11.96%. Plus more hotel deal news.
U.S. RevPAR Trends Weaker Than Expected
Baird and Barclays said they expect a downbeat 3Q earnings season with disappointing RevPAR. Plus, deal and development 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.
Service Properties Trust's Selling Spree
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.
Honolulu Is Set to Welcome a 36-Story Hotel Tower
Hilton Hawaiian Village Waikiki Beach Resort's new 36-floor Ala Moana Boulevard Tower will add 515 rooms with construction starting next year. Plus more hotel deal and development news items.