DiamondRock Hospitality Company Acquires The Bellmoor Inn & Spa
DiamondRock acquires The Bellmoor Inn & Spa in Rehoboth Beach, DE for $31M ($392K per key), targeting a stabilized NOI yield of ~9.5% after capital improvements.
DiamondRock acquires The Bellmoor Inn & Spa in Rehoboth Beach, DE for $31M ($392K per key), targeting a stabilized NOI yield of ~9.5% after capital improvements.
Marriott and FICO Corporation signed a deal for seven new hotels across Bangkok, Pattaya and Phuket, adding 1,262 keys and introducing citizenM, Four Points Flex and Series by Marriott to Thailand.
Aleph Hospitality takes over management of the Mövenpick Grand Al Bustan from 1 July 2026, adding the Dubai landmark to a portfolio that already includes two properties in the same owner's Jewel of the Creek complex.
Coury Hospitality, now managing 40+ US hotels after doubling its portfolio in 2025, has been appointed by ACORE Capital to manage THE RIVVY in Chicago and Marriott Tacoma Downtown.
Luxury Simplified Retreats, a South Carolina coastal villa operator founded in 2012, joins Nocturne Luxury Villas Collection, expanding the portfolio to nearly 1,600 homes across North America and the Caribbean.
Generator acquires Novotel London Greenwich and signs a management deal to convert a Paris office building, as part of plans to double its global portfolio by 2031 under new CEO Xavier Mufraggi.
Hyatt targets U.S. expansion across 300+ submarkets with a structured financing program for Hyatt Studios, a redesigned Hyatt Place prototype cutting build costs by 25%, and new conversion brands.
Travel + Leisure Co. and Wyndham will co-develop hotels under the Sports Illustrated Resorts brand, targeting college towns and urban markets with properties planned for Nashville, Chicago, Baton Rouge, and Tuscaloosa.
Aimbridge takes over management of the 456-key Westin Cincinnati and is named future operator of the 700-key Cincinnati Downtown Marriott, a $828M Convention District development set to open after its July 2026 groundbreaking.
Concord Hospitality adds 12+ hotels and restaurants to its management portfolio, including properties in Washington D.C., New Jersey, and North Carolina under Hilton, Marriott, and independent flags.
Hilton and Kalyani Group signed two 300-room hotels near Bengaluru's Kempegowda International Airport, due to open in 2030 with 72,000 sq ft of MICE space.
HVS Europe's weekly bulletin covers eight hotel transactions across Germany, UK, France, and Lyon, including acquisitions by Whitbread, Patrizia, MNK Partners, and others.
Four deals across Singapore, Japan, and South Korea highlight active Asia Pacific hotel investment, including YTL/BlackRock's SGD330M Singapore acquisition and a JPY5.5B Okinawa resort purchase.
Marriott and Townhouse Hotels signed a deal to affiliate eight Dutch properties with Series by Marriott and Tribute Portfolio, marking the first Series by Marriott entry into the Netherlands.
Red Roof's annual brand conference outlined upgrades to Red Roof PLUS+, a revamped RediRewards loyalty program, AI-powered digital platform, LED lighting rollout, and expansion into Canada and the western US.
Choice Hotels' 600th extended stay property is Everhome Suites Denver Airport, as the company reports 13% net room growth YoY in Q2 2026 and nearly 30,000 rooms in its development pipeline.
Whitbread acquires two Future Inns properties in Bristol and Plymouth for 292 rooms, with conversion to Premier Inn format targeted for completion by mid-December 2026.
Leonardo Hotels Central Europe restructures its development team to manage 28 new hotels in 2026 and ~20 acquisitions in 2027, backed by an 800M-1B euro investment partnership.
Hotel Indigo has doubled its global footprint since 2019, reaching 200 open properties across 30+ countries, with 134 more in the pipeline including a debut in Saudi Arabia and first branded residences.
FIU's Chaplin School of Hospitality Tourism Management launches the FIU Cruise Excellence Center, backed by a CEO-level advisory board, to drive cruise industry research, talent pipelines, and executive education from Miami.