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Press Releases

Press Release

Satori Collective Completes Sale of 124-Suite Holiday Inn Express & Suites Alpharetta-Windward Parkway

Officials of Satori Collective, a real estate investment management firm focused primarily on hotel property investment, today announced the sale of the 124-suite Holiday Inn Express & Suites Alpharetta-Windward Parkway to Bukhari Group Hospitality. Satori achieved an approximate 24% internal rate of return and a 2x equity multiple through the sale.

Satori Collective
Georgia, United States
Press Release

IHG Hotels & Resorts Sees Strong Growth Momentum for Extended Stay Properties in Canada

IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, celebrates upward momentum for the extended stay segment in Canada. With *3 new regional extended stay openings in 2023 and an additional *16 in the pipeline, the category is gaining significant traction among both Canadian business and leisure travellers seeking economical, long-term accommodation.

IHG
Canada
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Lighthouse
Press Release

Trailborn Launches Hospitality Brand

The new hospitality brand rooted in and inspired by the great American outdoors opens its first hotel and restaurant on December 1st in Estes Park, Colorado with plans to open additional properties in the Grand Canyon; Highlands, North Carolina; Wrightsville Beach, North Carolina and Mendocino, California.

Trailborn
United States
Press Release

Everhome Suites Furthers Growth with Three New Hotels Under Construction in California, Six More in Development in Southern California

Choice Hotels International, Inc. (NYSE: CHH) continues its growth in the extended stay segment with three new Everhome Suites under construction, and six more in various stages of development across the Southern California region. For the first nine months of 2023, Choice's extended stay hotel openings grew by 38 percent compared to the same period in 2022. Choice's extended stay domestic pipeline increased 12 percent year over year to over 47,000 rooms in the third quarter of this year. Choice currently has 60 Everhome Suites properties in the pipeline and over 250 across three other extended stay brands: MainStay Suites, Suburban Studios and WoodSpring Suites.

Choice
California, United States
Press Release

voco hotels signs 25th Americas property

voco hotels – part of IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies with more than 6,200 destinations across 19 brands – today announced the signing of its 25th Americas property in Missoula, Mont., nearly three years after launching in the region. The soon-to-renovate voco Missoula Downtown is the latest extension of voco hotels’ conversion-friendly model which combines the local character and charm of an independent property with the quality and reassurance of a respected global brand.

IHG
United States
Press Release

Weekender Continues Expansion with Renovation and Rebranded Launch of Two Hotels

Weekender today announced the launch of two new, renovated hotel property launches in the Adirondack Mountain region of Upstate NY. Town House Lodge in Lake Placid, NY and Trailhead in Tupper Lake, NY are the newest portfolio additions for the Saratoga Springs, NY - based Weekender. The brand announced the acquisition of these properties last summer, and has spent the last year renovating and reimagining the two new concepts and bringing them to life.

Weekender
New York, United States
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Mews
Press Release

Affinity Interactive to Renovate and Rebrand Silver Sevens Hotel & Casino as the Continental Casino & Hotel in Las Vegas

Affinity Interactive (“AI”), a leading omni-channel media, online, and gaming operator, announced today that Silver Sevens Hotel & Casino will undergo an extensive renovation and rebranding transformation, emerging as The Continental Casino & Hotel. This iconic destination will be characterized by a spectacular rooftop bar and lounge, offering breathtaking views of the dynamic Las Vegas skyline, and will herald the long-awaited return of Pink Taco to Las Vegas as the flagship dining establishment.

Affinity Interactive
Las Vegas, Nevada, United States
Press Release

Hyatt is on Track to Double its Brand Footprint in Canada by 2026

Hyatt Hotels Corporation (“Hyatt”) (NYSE: H) is positioned to double Hyatt’s brand footprint in Canada by the end of 2026, with more than 20 executed managed and franchised agreements across its distinct brands. As Hyatt continues to build industry-leading net rooms growth globally, this strategic and intentional growth in Canada reflects Hyatt’s focus on listening and developing in destinations that matter most to guests, World of Hyatt members and owners.

Hyatt
Canada
Press Release

Cambria Hotels Furthers Nationwide Expansion with Openings in Sought-After Markets

Choice Hotels International, Inc. (NYSE: CHH), the challenger in the upscale segment, continues its growth, opening two Cambria Hotels in popular destinations this past October, and breaking ground on two others. The newly opened properties, located in Austin, TX, and Lake Placid, NY, join a collection of more than 60 open Cambria Hotels located around the country and an upscale portfolio of eight brands, including Radisson Blu, the Ascend Hotel Collection, Radisson and Radisson Individuals with hotels around the world.

Choice
United States
Press Release

Kasa Living, Inc. Closes $70 Million Series C Funding Round Led by Citi Ventures

Kasa Living, Inc., the leading tech-powered hospitality brand, today announced the close of a $70 million Series C fundraise. Citi Ventures and FirstMark Capital led the all equity round with participation from new investors New York Life Ventures and Fireside Investments. All major existing investors including RET Ventures, Zigg Capital, and Ribbit Capital participated in the twice upsized and oversubscribed round.

kasa
United States