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.
Colliers expects the overall US lodging demand to grow at 1.3%, mostly on pricing power rather than occupancy. Plus, other hotel deal and development news.
Developers are building a $150 million Sports Illustrated-branded riverfront resort in Tuscaloosa, with 161 units and roughly 12,000 square feet of restaurant and retail space. Plus, more hotel deal 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.
Hyatt, Wyndham, and Choice Hotels reported earnings. Hyatt saw great strength in Europe thanks to the Olympics and in China, too. Wyndham become more optimistic about the year. Choice struggled. Plus, more hotel deal and development news.
Orlando World Center Marriott completed a renovation of its Grand Ballroom spanning more than 36,000 square feet of event space. Plus, more hotel deal and development news.
Service Properties Trust priced a $500 million public offering while Blackstone acquired Stanly Ranch through foreclosure. Plus, more hotel deal and development news.