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Press Releases

Press Release

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.

Choice
United States
Press Release

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.

Lodging Econometrics
Dallas, Texas, United States
Press Release

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.

Hospitality America
Bentonville, Arkansas, United States
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Mews
Press Release

Latest Management Contract Brings Sentral Assets Under Management to Over $4 Billion

Sentral, the leading full-building residential hospitality operator, has been named the management company for Ten310, a new boutique living concept developed by a California Landmark Group (CLG) affiliate. Designed by Abramson Architects, the 94-unit building will offer amenities including a speakeasy, rooftop pool and lounge spaces, valet parking, fitness center, and daily breakfast for residents. Located in Century City, Ten310 is easily walkable to destinations including the Westfield Century City mall, all Century City Office buildings, and the future LA Metro D Line. Century City also boasts highly rated schools and daycare centers.

Sentral
United States
Press Release

Peachtree Group Launches Fifth Delaware Statutory Trust, Providing Prime Opportunity for 1031 Exchange Investors

Peachtree Group (“Peachtree”), a leading commercial real estate investment firm with a multi-billion-dollar portfolio of equity and debt investments, has announced the launch of its fifth hotel property structured as a Delaware Statutory Trust (DST) following the completed acquisition of the 128-key Residence Inn Tampa Wesley Chapel in the greater Tampa, Fla., area. This follows Peachtree’s successful closing of its Home2 Suites by Hilton Atlanta Sugarloaf DST in August.

Peachtree Group
United States
Press Release

The AC Hotel Sacramento, designed by AXIS Architecture + Design, welcomes guests

AXIS Architecture + Design, the noted and award-winning West Coast hospitality design, hotel renovation, multi-family residential design, and affordable housing architectural design firm, is pleased to announce the completion of their latest new-build hospitality design project: the AC Hotel Sacramento. Following its soft-opening this summer, the property recently officially started welcoming guests.

AXIS Architecture + Design
Sacramento, California, United States
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Hospitality Net
Press Release

Hospitality America to Manage Element by Marriott North Charleston

Hospitality America has been selected by Contender Development to manage the Element by Marriott Charleston Airport in North Charleston, S.C. Scheduled to open in the second quarter of 2025, the 123-room upscale extended-stay hotel will feature a restaurant, 24/7 motion fitness center, all-natural saline outdoor pool, and 500 square feet of meeting space.

Hospitality America
North Charleston, South Carolina, United States
Press Release

Driftwood Capital Successfully Closes $330M Fund Targeting Florida’s Space Coast Hotel Market

Driftwood Capital (“Driftwood”) announces the successful initial closing of its latest fund, Driftwood Florida Space Coast Portfolio, LP (“Fund”), focusing on the acquisition and development of existing and soon-to-break-ground hotel assets in Florida’s “Space Coast,” one of the state’s fastest-growing markets for business and tourism.

Driftwood Capital
United States
Press Release

Red Roof® Continues to Invest in the Brand and Opens Newly Constructed 700th Hotel

Red Roof®, an award-winning leader in the lodging industry, continues to invest in new hotels and strengthen the brand and its business. The company opened its 700th property, a new build in Jamaica, N.Y., along with a new build and prototype, the HomeTowne Studios by Red Roof® Tampa - Airport, in Tampa, Fla. The dual openings reflect continued demand for the Red Roof economy lodging brand and underscore the company's unwavering commitment to a quality experience and great value for budget-conscious travelers.

Red Roof
United States
Press Release

Le Méridien Fort Worth Downtown, designed and developed by Premier, opens to guests

Le Méridien Fort Worth Downtown, the latest addition to Premier’s upscale, full-service, soft-branded boutique hotel design portfolio, marked its soft-opening welcoming guests last week. A significant historic conservation adaptive reuse and hotel conversion project, Premier co-developed the 14-story 188-guestroom hotel in coordination with Blueprint Hospitality. Owned by Ashford Hospitality Trust and Blueprint Hospitality, and managed by Remington Hospitality, the property held a ribbon-cutting ceremony to mark the completion of its two-and-a-half-year renovation last week.

Premier
Fort Worth, Texas, United States
Press Release

The Hotel Group and Hogback Development Company Purchase Land to Develop Marriott StudioRes in Moses Lake, Washington

The Hotel Group (THG), an affiliate of Hotel Equities, in partnership with co-owners Hogback Development Company, is thrilled to announce it has acquired land to develop a Marriott StudioRes in Moses Lake, WA. StudioRes is Marriott International's new midscale, extended stay lodging brand appealing to investors for its focus on the short-term rental market and building/design efficiencies. The smart, modern, all-studio hotel will feature spacious suites providing an exceptional option for travelers seeking convenience, comfort, and flexibility- especially for longer stays- in the central Washington market.

The Hotel Group (THG)
Moses Lake, Washington, United States