Texas

IHG will debut its Ruby Hotels brand in the U.S. with a 412-room property in downtown Chicago, opening in 2027 after renovating the Inn of Chicago.

Fitch sees neutral 2026 hotel outlook with Europe strong, U.S. mixed, Asia-Pacific weak due to China headwinds affecting Singapore RevPAR.

Hotel Equities will manage 13 TAJ Hospitality hotels in Lubbock, Texas, expanding its Texas portfolio to 29 properties across the state. Plus, more hotel deal and development news.

The Armani Group announced a new joint venture to develop more Armani hotels. Plus, other hotel development news.

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.

Deutsche Bank rates Hyatt and Wyndham as buys for 2026, holds on Hilton and Marriott due to premium valuations and limited upside. Plus, more hotel deal and development news.

Gencom has reacquired a majority interest in the 115-key The Ritz-Carlton Coconut Grove situated in Miami, Florida. Plus, more hotel deal and development news.

Service Properties Trust sold five hotels for a combined sales price of $75.5 million. New World is selling the Rosewood London. And other hotel deal and development news.

Sonesta International said it had opened 45 hotels that expand the portfolio of private equity franchisee NPA. Plus, more hotel deal and development news.