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The investment research firm Truist sees better RevPAR growth than the Street does on average. Plus, more 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.

The City of Memphis closed on the $22 million deal to buy the Sheraton Hotel Downtown. Plus, more hotel deal and development news.

For the full year, Choice cut its projection for U.S. RevPAR to decline by between -2% and -3%, worse than a previous range of between 0% and -3%. Plus, more hotel deal and development news.

Peachtree Group announced that its hotel development portfolio has exceeded $2 billion nationwide. Plus other hotel deal news.

Marriott closed its acquisition of CitizenM in only three months and will complete the integration in about a month's time, both much faster than the industry average. Plus more hotel news.

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.

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.

Bally’s Las Vegas will be built in phases, eventually featuring 3,000 hotel rooms. Plus, more hotel deal and development news.