LBA Hospitality Expands Management Portfolio, Strengthening Presence in Mississippi
LBA adds two Hilton Garden Inn properties in Mississippi, expanding its Gulf Coast presence and Hattiesburg market share.
LBA adds two Hilton Garden Inn properties in Mississippi, expanding its Gulf Coast presence and Hattiesburg market share.
Marriott assumes management of the 146-unit Maui oceanfront resort in March 2026, with St. Regis branding planned for 2027 after renovation.
Red Roof gained market share in 2025 with a 3,500-room development pipeline and 35% increase in new hotel executions.
The soft brand has doubled its U.S. portfolio in five years, reaching nearly 350 hotels globally with 100+ more in the pipeline.
The family-owned management company added 1,000 rooms across Central and South Texas, elevating Scott Austin to COO to oversee the expanded operations.
The 76-room flagship will occupy a 1905 landmark building near Bryant Park and introduce The Wolseley restaurant to the US market.
Krish Hotel LLC purchased the 110-room property in December 2025 and selected Raines based on existing client referrals.
The deal adds 581 keys across six properties in New England, expanding Essex from 11 to 17 hotels and marking its first AC Hotel management.
The REIT acquired six Hilton-branded hotels across Missouri, Illinois, and Kentucky at a 10% cap rate while raising its dividend 11%.
Noble cites Reno's 15 million annual visitors and technology sector growth as key drivers for the riverfront Renaissance property acquisition.
Peregrine Hospitality adds two premium Northern California properties to reach 59 hotels nationwide, targeting high-demand leisure markets near San Francisco Bay.
The 87-unit luxury development will rise 31 stories along the Intracoastal Waterway, marking Mandarin Oriental's first standalone residences in South Florida.
The 1,300-room property debuts redesigned rooms, reimagined public spaces, and Percy All Day café after a comprehensive renovation, with rates starting at $279.
Former Sheraton Memphis Downtown transitions to independent Memphis Riverline Hotel while maintaining Marriott Bonvoy benefits and planning phased renovations.
Brick Hospitality completed a full renovation after taking over the closed Ramada Suites in San Diego's Mission Valley in June 2025.
The acquisition brings Highline's portfolio to 17 hotels worth over $1 billion, with the 298-room property marking their first Pennsylvania investment.
Five hospitality lawyers from Jeffer Mangels Butler & Mitchell join Blank Rome's Los Angeles and Orange County offices, bringing experience from 4,700+ properties worth $125+ billion.
Dreamscape took over management of two Holiday Inn properties totaling 215 rooms, with the full-service location featuring 38,000+ square feet of event space.
Columbia Hospitality takes over management of the 120-room luxury property starting February 1, with Hotel 1000 joining Unbound Collection by Hyatt.
JLL reports luxury hotels drove performance with 3% RevPAR growth while midscale properties declined, with World Cup host cities expected to see mid-double digit RevPAR gains in 2026.