article thumbnail

Driftwood Capital Closes $1.2 Billion Hospitality Portfolio Consolidation Across 18 Assets

Lodging

MIAMI, FloridaDriftwood Capital announced the successful closing of a $1.2 billion portfolio consolidation involving 18 Hilton, Marriott, and Margaritaville-branded hotels across 10 states. Each asset […] The post Driftwood Capital Closes $1.2

Closing 182
article thumbnail

CoStar: U.S. Hotel Industry Closes March With Positive Yearly Comparisons

Lodging

hotel industry reported positive year-over-year comparisons, according to CoStars latest data through March 29, 2025. Hotel PerformanceMarch 23-29, 2025Percentage change from comparable week in 2024Occupancy: 65.1 Hotel Industry Closes March With Positive Yearly Comparisons appeared first on LODGING Magazine.

Closing 162
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Minor Hotels to open close to 300 hotels in three years

Hotel Management

Minor Hotels is set to open almost 300 new hotels over the next three years as it ramps up expansion globally. The hotel owner-operator is on track to pass a milestone of 850 properties by the end of 2027, positioning it among the worlds largest hospitality groups.

Closing 130
article thumbnail

‘Sydney’s biggest hotel sale this year’: Skye Suites nabs top price – HTL, Stonebridge report

Hotel Management

Skye Suites Sydney and its adjoining retail precinct have been sold to an international investor in what brokers have deemed Sydney CBD’s largest hotel transaction this year to date. HTL Property’s National Director of Accommodation, Andrew Jackson, said Sydney stands out as one of the most attractive hotel investment markets in Asia Pacific.

article thumbnail

Exclusive: Trilogy Hotels closes first year with 13 hotels and big ambitions for 2025

Hotel Management

One year on from the launch of Trilogy Hotels, the independent management company is rounding out 2024 with 13 hotels under management totalling over 2,500 rooms and overseeing $165 million in revenue. Add to that, a growing team of experienced hotel industry leaders. Tell us about how you all came together on this.

Closing 130
article thumbnail

Darwin’s Smith Hotel set for conversion and rebrand under Trilogy, Marriott deal

Hotel Management

Marriott International and Trilogy Hotels have partnered for the first time under an agreement with Darwin-based developer DCOH to convert the Smith Hotel Darwin to a Courtyard by Marriott. The signing follows the establishment of a multi-property deal between Trilogy Hotels and DCOH , announced in October 2024.

Hotels 264
article thumbnail

JLL projecting 25 per cent jump in global hotel investment volume

Hotel Management

JLL’s Hotels and Hospitality Group is projecting a 15% to 25% increase in global hotel investment volume compared to 2024, according to the companys latest Global Hotel Investment Outlook. Through November 2024, global hotel demand reached a staggering 4.8 Global hotel investment volume reached $57.3