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Hyatt plans its first Regency-branded hotel in Tucson as Fairmont renovates 20% of its global portfolio. Plus, more hotel deal and development news.

Axis Hotel Group is preparing to open the Courtyard by Marriott Fresno Downtown by August. Plus, more hotel development news.

Sunstone Hotel Investors agreed to sell the 821-room Hyatt Regency San Francisco to funds affiliated with Blackstone Real Estate for $279 million. Plus, more hotel deal news.

Silks Hotel Group, Leofoo Tourism Group, and FDC International Hotels Corp are each expanding through different business models. Plus, more hotel deal and development news from APAC.

Alchemy announced the sale of the La Quinta Inn & Suites by Wyndham Downtown Chicago, a 230-room hotel in Chicago's Loop. Plus, more hotel deal and development news.

Marriott International has formally entered into a joint venture with the Leali family, founders of Lefay. Plus, more hotel deal and development news.

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

JLL reported U.S. hotel deal volume grew 14.4% in Q1 to $5.6 billion, with private equity making up 34% of the buyer pool. Plus, more hotel deal and development news.

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.

A new casino hotel is coming to Reno, BWH Hotels adds a hotel brand in the glamping segment, and more hotel deal and development news.