Texas

A $19 million construction project has started on the AC Hotel by Marriott CityCentre Houston. Plus, more hotel deal and development news.

Some takeaways from Truist include that the hotel transaction market is finally showing actual signs of thawing, instead of being talked about. Plus, more hotel deal and development news.

Hilton announced the launch of Undergraduate by Hilton, a new upper-midscale brand developed to serve a broader range of college and university markets. Plus, more hotel deal and development news.

Sixth Street has acquired the Park Hyatt Beaver Creek Resort & Spa, a 193-key resort in Colorado, for $176 million from Braemar Hotels & Resorts. Plus, more hotel 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.

Portman acquired the Westin Peachtree Plaza from Marriott and plans a renovation before the 2028 Super Bowl in Atlanta. Plus, more hotel deal and development news.

Marriott may bring the Edition to the former John Hancock building. Deloitte says only 45% of Americans plan a summer vacation with paid lodging, the lowest in six years. Plus, more hotel development news.

New York City hotels agreed to an eight-year contract that will pay housekeepers $100,000 a year, eventually. Plus, 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.

Wheelock Street may acquire the $458M Historic Cavalier resort in Virginia Beach, as Moon Palace opens 2,171 suites in Punta Cana. Plus, more hotel deal and development news.