North Carolina

The Armani Group announced a new joint venture to develop more Armani hotels. Plus, other hotel development news.

MCR informed partners it can't deliver its $200M equity commitment by the expected closing date for Soho House's take-private deal. Plus, more hotel deal and developmen news.

Hyatt sold its Playa Hotels portfolio to Tortuga Resorts for $2 billion, while Hilton expanded with new dual-brand properties in Puerto Rico. Plus, other hotel deal and development news.

Service Properties Trust sold five hotels for a combined sales price of $75.5 million. New World is selling the Rosewood London. And other hotel deal and development news.

Sonesta International said it had opened 45 hotels that expand the portfolio of private equity franchisee NPA. Plus, more hotel deal and development news.

Loews Hotels will build a $410 million luxury hotel in Arlington, Texas, replacing the existing Sheraton Arlington Hotel by September 2026. Plus, more hotel development news.

Waterford Hotel Group and Maverick Hotels & Restaurants have merged in a strategic partnership. Together, they have 50 hotels. Plus, more hotel development stories.

Newbond Holdings and Conversant Capital have closed on the purchase of the Parc 55 and Hilton San Francisco Union Square for $408 million. Plus, more hotel deal news.

Host Hotels delivered a great third quarter report, as did DiamondRock Hospitality. Plus, Sonder's collapse and more hotel deal and development news.

Grand Metropolitan Hotels acquired Signature Hotels to strengthen its position in the UK, India, and elsewhere. Plus other hotel deal and development news.