Washington DC

Houston hotels are investing $100M+ ahead of the World Cup, with bookings up 130% and rates up 300% for June-July. Plus, more hotel deal and development news.

Westbrook Partners is selling Ritz-Carlton hotels in New York and Washington, D.C. Plus more hotel deal and development news.

U.S. hotel deals and development stay active, with projects like a $100M World of Blue redevelopment near MetLife Stadium ahead of the FIFA World Cup.

Hotel industry profit per room remains at 90% of 2019 levels despite rising guest spending, due to increased operating costs and wages.

Dallas leads U.S. hotel construction with 193 projects, while Ghoman Hotels plans a $185M JW Marriott conversion in downtown Louisville.

The investment research firm Truist sees better RevPAR growth than the Street does on average. Plus, more hotel development 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.

Brookfield Hotel Properties has bought the Sheraton Phoenix Downtown, a 1,003-room convention center hotel. Plus more hotel deal and development news.

Japan's Seibu Holdings will buy Ace Group International for $90M, acquiring the Ace Hotel brand and creative agency Atelier Ace. Plus more hotel deal and development news items.

The DJIA rose 49 points while the Nasdaq set yet another record, up 208, while the S&P 500 rose 31 points. The 10-year treasury yield was down .03 to 4.03%. Lodging stocks were modestly higher.The Hospitality Asset…