Peachtree Group Surpasses $2 Billion in Hotel Developments
Peachtree Group (“Peachtree”) announced that the firm surpassed $2 billion in hotel development, bringing its total development portfolio to 48 hotels nationwide.
Development
MHG Hotels Strengthens Indianapolis Presence with Homewood Suites Acquisition
MHG Hotels is proud to announce the acquisition of the Homewood Suites by Hilton Indianapolis Downtown. Located in the heart of Indianapolis at 211 S Meridian St, this 92-suite property is a landmark in the city’s vibrant downtown area, combining convenience, comfort, and Hilton’s renowned hospitality.
Interior Image Group Reveals Design of New Caesars Hotel in New Orleans
CROWN POINT, IN (January 28, 2025) – Interior Image Group (IIG) announces the design completion of Caesars Hotel & Casino New Orleans, the newest project for the award-winning hospitality design firm. The completed design of the hotel’s public spaces and 286 suites and guestrooms coincides with Caesars Hotel & Casino’s host hotel status for Super Bowl LIX.
Canadian Hotel Construction Pipeline Sets Records with 13% Year-Over-Year Growth
According to the Q4 2024 Canada Construction Pipeline Trend Report by Lodging Econometrics (LE), Canada’s total construction pipeline has reached record-breaking counts of 333 projects/43,413 rooms, showing robust growth of 13% for both projects and rooms year-over-year (YOY).
U.S. Hotel Development Booms: Dallas Pipeline Tops 200 Projects, Southern Markets Dominate Future Growth
The latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that Dallas is leading the nation’s hotel construction pipeline with a record-breaking 204 projects totaling 23,669 rooms. Atlanta follows with its own record of 168 projects (19,431 rooms), while Nashville (130 projects/17,029 rooms), Phoenix (record 130 projects/16,824 rooms), and the Inland Empire (122 projects/12,234 rooms) complete the top five markets.
Record-Breaking 6,378 Hotel Projects as U.S. Hotel Pipeline Continues to Rise
Hotel construction in the United States hit new historic levels in the fourth quarter of 2024, according to Lodging Econometrics’ (LE’s) latest Hotel Construction Pipeline Trend report. The total pipeline reached 6,378 projects, a new project record, with 746,986 rooms, showing year-over-year (YOY) growth of 7% in projects and 8% in rooms.
Meyer Jabara Hotels Makes Multimillion Dollar Investment in its Legacy Owned Admiral Fell Inn on Baltimore Harbor
A Meyer Jabara Hotel’s long-term owned asset, the Admiral Fell Inn, is undergoing a multimillion dollar transformation. Opening in Spring 2025 and rebranded as The William Fell, Tapestry Collection by Hilton, the historic waterfront hotel sits right on Fells Point Square and boasts waterfront views of Baltimore's Harbor, making it the best location in the city. Repositioning of this legacy asset is expected to make The William Fell the quintessential market-leading powerhouse in Fells Point. This is MJH’s third owned asset in Baltimore, its fifth managed property in Maryland, and the first Tapestry Collection conversion in its portfolio. A grand opening is planned for April 2025.
Global Giant SQ Capital, Inc. dominates hotel investment market share for 2 nd consecutive year
In my year-end missive following 2023, I reviewed the hotel transaction market dynamics comparing contrarian buyers to downhill skiers who don't want to follow in other's tracks and "wanna-be's" to cross country skiers who predominantly follow the leader's tracks. I simply could not understand why more investors were not placing bets on the inefficiency created by market noise when market stakeholders intuitively know that you should always buy when others are not. Well, other than one huge investor in the market, SQ Capital, Inc., 2024 logged in another down transaction year, as hotel transaction volume fell more than 10% after last year's calamitous 40% decline. For the second year in a row, SQ Capital was by far the largest investor in the market.
By Robert J. Webster, Vice Chairman, President CBRE Hotels Investment Properties, CBRE Hotels
Otonomus Brings Hospitality Back to CES 2025 with AI-Powered Hotel
Otonomus, a leading AI-driven technology and hospitality company, announces its flagship Otonomus Hotel in Las Vegas will exhibit at CES 2025, showcasing what it believes to be the first AI-powered hotel. The company will demonstrate how they blend AI, attribute-based booking, and personalized guest services to CES attendees at their booth in Tech East, LVCC, North Hall, Grand Lobby, and Level 1 Meeting Rooms — 8543.
Peachtree Group Surpasses $1.0 Billion in CPACE Financing
Peachtree Group (“Peachtree”) has reached a significant milestone in Commercial Property Assessed Clean Energy (CPACE) financing, surpassing the $1.0 billion mark—a distinction shared by only a select few companies in the industry. In 2024 alone, Peachtree completed 22 CPACE transactions across the U.S., surpassing its previous record for CPACE originations.
Sohal Hotels Acquires Watertown Hotel, Staypineapple Hotels Inc. to Manage Property Under First Management and Licensing Agreement
Staypineapple Hotels Inc., a Pacific Northwest-based hospitality management and licensing company, most notably recognized for its management of the 10 Staypineapple hotels across the United States, announces that Sohal Hotels, a Pacific Northwest-based multi-unit hotel franchisee company, has purchased Watertown Hotel. The hotel, located in Seattle, Wash., near the University of Washington campus, will undergo a significant transition that marks a new chapter for both companies, as Staypineapple Hotels Inc. will now manage the property under its first management and licensing agreement.
U.S. Hotel Investment Poised for Growth in 2025
JLL’s Hotels & Hospitality Group’s latest Global Hotel Investor Sentiment Survey reveals strong optimism for U.S. hotel investment in 2025, driven by recent Federal Reserve rate cuts and robust operating performance in key markets. The survey, which compiled over 8,200 data points from global hotel investors with more than $50 billion in hotel assets under management, highlights several promising trends for the US hotel sector.
Choice Hotels Continues Upscale Category Growth with New Cambria Hotels Openings and Key Groundbreakings Across the U.S.
Choice Hotels International, Inc. (NYSE: CHH) continues to achieve cross-country growth in the upscale segment with three new Cambria Hotel openings and two groundbreakings this fall. The recently opened properties, located in Imperial, California; Pigeon Forge, Tennessee; and Spokane, Washington, and upcoming groundbreakings in O'Fallon, Missouri and Bend, Oregon introduce Cambria into new markets and build on Choice's goal to bring the brand to more regions nationwide.
Canadian Hotel Development Reaches Historic Heights
The latest Lodging Econometrics (LE) data from Q3 2024 reveals unprecedented growth in Canada's hotel development pipeline, with key indicators suggesting an expansion phase is underway. The total pipeline has reached an historic peak of 327 projects (40,799 rooms), with year-over-year growth rates of 19% in projects and 8% in rooms indicating strong developer confidence.
Dallas Leads Nation's Hotel Boom: Nearly 200 Projects Set to Transform Texas Hospitality Landscape
According to the Q3 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the close of the quarter, the five markets with the largest hotel construction pipelines are led by Dallas with a record-high of 194 projects and 22,803 rooms, followed by Atlanta with a record-high 166 projects accounting for 19,174 rooms, Nashville with a record-high 130 projects and 16,966 rooms, Phoenix with 123 projects/15,999 rooms, and Austin with a record-high 119 projects accounting for 13,962 rooms. These top five markets combined account for 732 projects/88,904 rooms.
Sonesta Executes 30 Franchise Agreements In Q3 2024
Sonesta International Hotels Corporation (Sonesta), the 8th largest hotel company in the U.S., today announced the execution of 30 new franchise agreements during the third quarter of 2024, representing growth at seven of the company’s 13 distinctive brands.
The U.S. Hotel Construction Pipeline Surpasses 6,200 Projects at Q3 2024
According to the Q3 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. pipeline stands at 6,211 projects/722,821 rooms, up 9% by projects and 7% by rooms Year-Over-Year (YOY). This marks a new all-time high for projects in the U.S., surpassing previous pipeline records.
Motto by Hilton Bentonville Downtown Opens its Doors to Adventure
Bentonville has a new hub for exploration and adventure with the opening of Motto by Hilton Bentonville Downtown. Located at 229 South Main St., Bentonville, Ark., this innovative hotel is designed for the modern traveler, offering a perfect launchpad to discover the rich culture, outdoor thrills and world-class art that defines Bentonville: the new bucket-list destination in Northwest Arkansas.
IHG’s Atwell Suites Expands Footprint with Three New Hotels in Dynamic Travel Hubs
Atwell Suites announced expansion of its U.S. presence with the upcoming openings of three new hotels in Kansas City, Mo., Henderson, Nev., and Fort Worth, Texas. These additions build upon previously opened properties in Miami, Denver and Austin, further expanding IHG Hotels & Resorts’ all-suites, upper-midscale hotel brand.
Sunray Group and Town of Wasaga Announce Agreement on New Development
Sunray Group of Hotels and the Town of Wasaga Beach have announced a letter of intent on a new development in Wasaga Beach at 1st St. North and Beach Drive. The project, set on 4 acres of land across from Beach Area One, is planned to include a full-service hotel with 120 to 150 units, restaurant, event spaces and retail. The hotel component will occupy approximately 1.5 acres of the property. The redevelopment also includes a joint venture between Sunray Group and the Town on a mixed-use residential component and public square. Sunray is also in preliminary discussions with the Town to acquire additional land to build and operate an assisted living retirement home.