Three Solutions to Turn Detroit’s Downtown Vacancy into Its Hospitality Future
Detroit faces a 3,000-room hotel shortage while 12% of downtown office space sits vacant, creating opportunities for strategic office-to-hotel conversions.
Detroit faces a 3,000-room hotel shortage while 12% of downtown office space sits vacant, creating opportunities for strategic office-to-hotel conversions.
Newsletter covers major Asian hospitality transactions including Shinsegae's KRW150 billion Seoul hotel bid and Sun Group's VND3.9 trillion Vietnamese airport project.
The 54-suite vessel launches in Saint-Nazaire with maiden voyage from Marseille in June, competing against Ritz-Carlton and Four Seasons yacht collections.
CEO Dimitri Antonopoulos discusses how the family-owned group built independent luxury properties in Old Montreal over 50+ years.
The region's pipeline includes 755 projects across 113,663 rooms, with Mexico leading at 247 projects and luxury segment showing strongest growth at 142 projects.
RBH now manages over 2,500 keys across 19 IHG UK properties, strengthening its position in the growing extended-stay segment.
Ensemble takes over operations of the 250-room Silicon Valley hotel it developed in 2018, expanding its managed portfolio to 15 properties generating $250M annually.
CoStar data shows Asia Pacific leads with 982,629 rooms under contract, while Americas declined 5.3% to 878,114 rooms.
The milestone doubles Fairfield's Greater China presence since 2024, with expansion planned into new destinations like Zhangjiajie by 2026.
CoStar data shows 136,990 U.S. hotel rooms currently under construction, with luxury segment leading percentage growth at 4.5%.
The 160-room property marks HEI's 21st Florida hotel and will undergo lobby renovation and F&B repositioning.
Hilton added more than 400 hotels across the Americas in 2025, with 59 winners selected from these openings based on development excellence and innovation.
Two 200-key Holiday Inn properties will open in 2029 and 2030, adding to IHG's 10 existing Egypt hotels and 23-property pipeline.
The Spanish hospitality group unifies its international properties spanning Ibiza to Botswana under one brand identity, with new developments planned in Miami, Mexico, and Bali.
The brand added properties across six continents, from Balinese villas to Colorado dude ranches, with bonus points offered to loyalty members.
Mixed-use hospitality projects are reshaping hotel development by integrating hotels with residential, retail, and wellness components to create resilient revenue ecosystems.
Ontario leads with 190 projects, while upper midscale properties dominate the pipeline at 137 projects, both reaching record highs in Q1 2026.
Noble acquired ten Marriott, Hilton, and IHG properties across four U.S. regions, citing constrained supply and diversified demand drivers.
Minor Hotels signs two Thai resort properties in partnership with Rasa Group, marking Colbert Collection's Asian debut on Koh Samui and adding Avani Koh Phangan.
Phoenix shows strongest growth momentum with 19% increase in under construction projects and leads 2026 opening forecasts with 27 new hotels.