North America
Hyatt Hotels and Playa Hotels Discuss a Deal
Hyatt Hotels and Playa Hotels & Resorts are negotiating a potential acquisition, with differing analyst views on its likelihood and structure.
Quintana Roo
North America
San Francisco’s Largest Hotel Complex Inches Closer to Sale
San Francisco's largest hotel complex, Hilton San Francisco Union Square and Parc 55, is nearing a sale after over a year in court-appointed receivership.
North America
Service Properties Trust Shares Plunge
Service Properties Trust is reducing its dividend, selling 114 hotels to repay debt and save on capital expenditures, and will continue owning 34% of Sonesta while selling other properties.
North America
The Sortis Acquisition of Ace Hotel Is Ongoing Saga
DJIA fell 169 points in August; Nasdaq rose 16; S&P 500 down 7. Travel intent increases: 21.8% plan foreign trips, 45.9% plan vacations.
Hotel developments: New AC Hotel in Lansing, Sheraton San Diego rebranded as Sheraton Resort & Marina, TRS Coral Hotel added to Wyndham's Registry Collection.
Upcoming: Highgate manages Hilton Garden Inn Kauai, IHG's Atwell Suites in Henderson and Fort Worth, proposed dual-tower project near Austin Convention Center.