Park Hotels & Resorts Announces the Sale of Additional Non-Core Hotels
Park Hotels sold or agreed to sell eight underperforming properties for $198 million while posting strong RevPAR growth in core markets like Hawaii and New York.
Park Hotels sold or agreed to sell eight underperforming properties for $198 million while posting strong RevPAR growth in core markets like Hawaii and New York.
DKN Hotels acquired the 150-suite property and plans a comprehensive renovation starting Q2 2026 in partnership with PK Architects and Gensler.
Waterford adds five French Quarter properties from The J Collection, bringing its New Orleans portfolio to 11 hotels ahead of peak festival season.
Pure Wellness installs wellness-optimized rooms with HEPA-level air quality and anti-microbial protection at two Crestline properties near Johns Hopkins in Baltimore.
Colliers forecasts U.S. commercial real estate recovery in 2026 with 15-20% transaction growth, office vacancy dropping below 18%, and hospitality supply growing 1.3%.
St. Regis launches ultra-exclusive Estates collection for historic, leisure-focused properties, with Newport Coast's Pelican Hill as the first conversion in 2027.
The 335-key Florida resort undergoes a $50 million renovation as Aimbridge's first U.S. all-inclusive property, targeting early 2026 opening.
The multi-year renovation includes 899 Atrium Tower rooms and 600,000 square feet of meeting space at the 1,610-room Dallas landmark.
Multiple new hotels and repositioned properties are targeting upscale segments in mountain markets like Boone and Highlands, with RevPAR growth strongest during off-peak months from 2016-2024.
Newbond Holdings and Conversant Capital acquired distressed hotel assets representing 10% of a city's inventory through a court-supervised receivership process.
THE WELL Coconut Grove sold 20% of its $1.5M+ units within 48 hours, demonstrating strong demand for wellness-integrated residential developments that hotels can learn from.
The $408 million deal gives the partnership control of roughly 10% of San Francisco's hotel inventory amid the city's hospitality recovery.
As seen in the latest Canada Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of 2025’s third quarter, the total country’s pipeline reached 333 projects with 44,659 rooms, representing year-over-year (YOY) growth of 2% in projects and a robust 9% YOY increase in rooms.
As seen in the Q3 2025 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the close of the third quarter, the five markets with the largest hotel construction pipelines are led by Dallas with 197 projects and 24,310 rooms, followed by Atlanta with 160 projects accounting for 18,239 rooms, Nashville with a record-high 130 projects and 17,183 rooms, Phoenix with 125 projects/16,481 rooms, and Austin with 124 projects accounting for 14,486 rooms.
Sonesta International Hotels Corporation (Sonesta) today announced the debut of Americas Best Value Studios by Sonesta, an extended stay extension of Sonesta’s most franchised brand, Americas Best Value Inn (ABVI). This new brand type within the ABVI portfolio is designed to meet the growing demand for value-driven, longer-term accommodations.
The Patel Motel Story is a new short documentary co-directed and narrated by Amar Shah, exploring the extraordinary rise of Indian American motel owners in the United States. Premiering at the 2024 Tribeca Festival, the film traces how Indian immigrants—many from Gujarat and sharing the surname Patel—came to own more than 60% of the country’s hotels and motels, despite representing only 1% of the population.
Visionary hotelier and hospitality pioneer Jon Blanchard announces the launch of JB Hotel Group, a Los Angeles based, real estate development, investment, and asset management firm dedicated to creating exceptional destinations that blend luxury, comfort, and timeless design. Formerly known as BLVD Hospitality, JB Hotel Group builds on Blanchard’s acclaimed legacy of transforming culturally rich, often overlooked markets into globally recognized hospitality landmarks.
Marriott International, Inc. and Hawkins Way Capital announce signed agreements to convert five properties to the Series by Marriott™ brand in key U.S. markets, including Miami, Santa Monica, San Francisco, Chicago, and San Diego. Marking the brand's official debut in the country, these agreements reflect a significant milestone for Series by Marriott™ and reinforce Marriott's commitment to expanding regionally rooted, quality offerings in the Marriott Bonvoy® portfolio.
Delaware North, a global hospitality and entertainment company, has acquired Cactus Moon Lodge, a resort-style, special-event venue set on a hilltop and surrounded by a scenic 22-acre property in the Texas Hill Country.
Noble Investment Group (“Noble”) and Marriott International, Inc. (“Marriott”) today announced their 10th groundbreaking together on a StudioRes hotel. A milestone for both companies, this groundbreaking marks the continued expansion of Marriott’s new extended stay brand and advances Noble’s leadership in branded long-term accommodations, an institutional asset class at the intersection of hospitality and flexible stays.