Chelsean New York Hotel Sold for $50 Million
Hyatt plans its first Regency-branded hotel in Tucson as Fairmont renovates 20% of its global portfolio. Plus, more hotel deal and development news.
New York City
Chambers Hotel New York Reopens as Fully Independent Boutique Hotel
The Chambers Hotel New York in Midtown Manhattan has reopened as a fully independent boutique hotel after a brief period as a Sonder property. Plus, more hotel deal and development news.
New York Hotels Sees World Cup Rate Spike From Last-Minute Bookings
New York hotels see average daily rates rise 38% on World Cup match days. Marriott will exit W South Beach ahead of Reuben Brothers renovations. Plus, more hotel development news.
The U.S. Sells Waldorf Astoria in Washington, D.C., for $80 Million
The federal government sold Washington, D.C.,'s former Old Post Office building, now a Waldorf Astoria hotel, to BDT & MSD Partners. Plus, more hotel deal and development news.
U.S. Hotel REITs Forecast to Have a Stronger Year
Colliers expects the overall US lodging demand to grow at 1.3%, mostly on pricing power rather than occupancy. Plus, other hotel deal and development news.
Lotte Hotels Shifts to Asset-Light Model
Lotte Hotels & Resorts is moving away from direct ownership of overseas hotels in favor of management contracts. Plus, more hotel deal and development news from APAC.
Hilton Unveils New Brand Undergraduate by Hilton
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.
Pebblebrook Sells West Hollywood Hotel for $43.5 Million
Pebblebrook Hotel Trust completed the sale of the 115-room Chamberlain West Hollywood Hotel in Los Angeles. Plus, more hotel deal and development news.
New York City Hotel Housekeepers Win Contract Worth $100,000 a Year
New York City hotels agreed to an eight-year contract that will pay housekeepers $100,000 a year, eventually. Plus, hotel deal and development news.
Chicago Could Get a New Boutique Hotel
BofA Securities says the lodging sector beat Q1 earnings by about 5% on average, but high expectations muted investor reactions. Plus, more hotel deal and development news.