New York

The Korea-based hotel operator plans to grow its overseas portfolio to 55 hotels and resorts by 2029. Plus, more hotel deal and development news from APAC.

Portman closed on $540 million in financing to build a 700-room Marriott in downtown Cincinnati. Plus, other hotel development news.

Scheduled to open in late 2027, W Apartments Cleveland will let renters sign as tenants of units at the Erieview Tower. Plus, more hotel deal and development news.

Braemar plans to terminate its advisory agreement with Ashford and create its own REIT management team. Plus, hotel development news.

Jefferies described its NYU/NAREIT meetings as being among the most constructive in recent memory. Plus, other hotel deal and development news.

Pebblebrook Hotel Trust completed the sale of the 115-room Chamberlain West Hollywood Hotel in Los Angeles. Plus, more hotel deal and development news.

Rosewood Hotels & Resorts announced plans for Rosewood Tokyo, the brand’s first urban hotel in Japan. Plus, more hotel deal and development news from APAC.

Portman acquired the Westin Peachtree Plaza from Marriott and plans a renovation before the 2028 Super Bowl in Atlanta. Plus, more hotel deal and development news.

Marriott may bring the Edition to the former John Hancock building. Deloitte says only 45% of Americans plan a summer vacation with paid lodging, the lowest in six years. Plus, more hotel 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.