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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
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.
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.
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.
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.
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.
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
Watsons Bay Hotel in Sydneys east has announced a $3 million renovation to its top and mid deck events spaces. Inspired by the timeless Hamptons style that defines the rest of the boutique hotel, the space will feature crisp whites, soft textures, and sweeping harbour views.
Skift Take: With close to 80 signings and more than 30 openings, the Indian hotel industry had a strong momentum during the first three months of 2025. It remains to be seen how geopolitical disruptions affected the sector in the coming months. Read the Complete Story On Skift
hotel industry maintains a steady development pipeline, though current activity reflects a more cautious approach amid near-term challenges. Hotel Construction Pipeline Trend Report, the total pipeline has expanded to 6,376 projects encompassing 749,561 rooms—representing a 5% increase in projects and 7% growth in rooms compared to Q1 2024.
Skift Take: Accor aims to expand its share of luxury hotels by debuting its Orient Express brand this year and fine-tuning its other brands, like Fairmont and Sofitel. Sean O'Neill Read the Complete Story On Skift
MIAMI, Florida—Kabani Hotel Group announced that Ahmed Kabani, chief executive officer and founder, along with partners Suraj Dalal and Kian McLean, has successfully completed the leasehold interest sale of the Wyndham Garden Tallahassee Capitol, a 147-room property located in Tallahassee, Florida.
MILWAUKEE—Marcus Hotels & Resorts announced that it, Hempel Real Estate, and Robinson Park have closed on the acquisition of the Loews Minneapolis Hotel. The terms of the transaction were not disclosed.
One Global Capital Chairman and Group CEO, Iwan Sunito, has introduced a new hotel brand to the market, One Global Resorts, with the official rebranding of his Skye Suites Green Square property on Thursday evening. We have elevated the guest experience more along the lines of luxury international hotels.
ORLANDO, Florida—McKibbon Equities has closed on the purchase of Hilton Garden Inn Orlando I-4 Millenia Blvd Mall. The closing of the 132-room hotel represents the third portfolio investment for McKibbon Income Fund I, a real estate investment fund focused on acquiring existing select-service and extended-stay hotels.
Taplin Group and 1834 Hotels have opened a new 60-key coastal property in South Australia. Located at 1 Colley Terrace, The George Glenelg aims to deliver a refined and sophisticated stay close to Glenelg Beach and the Jetty Road precinct. The response has been overwhelmingly positive, and its rewarding to see our vision come to life.
Skift Take: With key airports closed and flights canceled, the worry now is how far the disruption could spread and how long it might last. Read the Complete Story On Skift
Independent hotel management company La Vie Hotels and Resorts has welcomed experienced hospitality figure Amanda Cottome to lead its operations in the Pacific region. I’m incredibly excited to be joining La Vie Hotels and Resorts at such a dynamic time in its journey,” said Cottome. “I
Hotel X names new General Manager Daniel Gerritse has been appointed as the new General Manager of Hotel X, Fortitude Valley. Gerritse brings over 15 years of luxury hospitality experience to the role, including in sales, marketing, and operational leadership across major Australian hotel brands.
ATLANTA, Georgia—Noble Investment Group announced that it held the final closing for Noble Hospitality Fund V, L.P. This is the fifth of Noble’s flagship series of real estate funds focused on value-added investments in select-service and extended-stay hotels across the United States. Noble Fund V).
MILWAUKEE—Marcus Hotels & Resorts announced that it has reached an agreement to jointly acquire the Loews Minneapolis Hotel with Hempel Real Estate and Robinson Park Investments. The terms of the agreement were not disclosed and are subject to the satisfaction of certain standard closing conditions.
NEW YORK—MCR Hotels, Island Capital Group, and JLL’s Hotels & Hospitality Group announced that MCR and Island have closed on a $260 million refinancing of the 1,780-key Sheraton New York Times Square. The new financing was provided by funds managed by affiliates of Fortress Investment Group LLC.
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. At the close of the third quarter, there were 1,185 projects/148,716 rooms under construction, marking an 11 percent increase in projects […] The post Lodging Econometrics: U.S. According to the Q3 2024 U.S.
CHICAGO, Illinois—Hyatt Hotels Corporation announced plans to expand Hyatt’s luxury and lifestyle brand portfolios across the Asia Pacific region, with a pipeline of close to 90 properties expected to open over the next five years.
Hotel operator selection is underway for a new-build hotel at Nadi International Airport, according to The Fiji Times , following a successful year for the nations tourism sector. The company is in the second stage of the tender evaluation to select a hotel operator. HM has contacted Fiji Airports for comment. More to come.
Marriott International is set to bring its AC Hotels brand to Queensland for the first time following an extensive renovation of a Gold Coast hotel. Vibe Gold Coast, which was recently acquired by KS Hotels and Resorts, is set to undergo a full renovation, commencing later this year, before opening as AC Hotel Gold Coast in mid-2026.
Weatherdon are converting hotels around the country to a luxurious and more sustainable amenities platform, and it will likely also save you money… “Effective solutions need to be both ecologically minded and economically advantageous”. The post Making Sustainability Sustainable for Australian Hotels appeared first on Hotel Management.
The upscale property, located close to Darwin Entertainment Centre, will feature an all-day dining restaurant, meeting space, fitness centre and outdoor pool, with all guest rooms featuring self-contained kitchenettes. The broader IHG portfolio now includes 69 hotels in Australasia, with another 26 properties in its development pipeline.
Mildura has welcomed a new boutique accommodation offering with the recent opening of Kar-Rama Hotel, under the management of 1834 Hotels. We are excited to see Kar-Rama Hotel open its doors in Mildura, bringing a high-quality accommodation offering to the region, said 1834 Hotels Chief Executive Officer, Andrew Bullock.
Skift Take: Get a preview of our latest output from our Hotel Tech Benchmark data product. In this update, Skift Research looks closely at the best uses of digital marketing and advertising tools. Saniya Zanpure Read the Complete Story On Skift
The Asian Hotel Industry Conference & Exhibition (AHICE) is expanding its conference program with the introduction of two new events to the market. Recognised throughout Asia Pacific and beyond as The Hotel Event Where Deals Get Done, AHICE is highly regarded as the largest and most influential hotel conference series across Asia Pacific.
The time has come to recognise the top performers in the hotel industry across Australia, New Zealand and the South Pacific with entries now open for the 2025 HM Awards for Hotel and Accommodation Excellence, presented by Sealy Posturepedic. Finalists will be announced in mid-October 2025.
ATLANTA, GeorgiaHunter Hotel Advisors (Hunter) announced the sale and financing of the Home2 Suites by Hilton San Antonio North Stone Oak. Adeel Amin, senior […] The post Hunter Hotel Advisors Facilitates Sale and Financing of Home2 Suites San Antonio North Stone Oak appeared first on LODGING Magazine.
Skift Take: Premier Inn says it has gained pricing power as 10% of all UK independent hotels have closed in the past few years. More remarkably, it says repeat guests made 86% of its bookings this year. It's a direct booking champ other hoteliers could learn from. Sean O'Neill Read the Complete Story On Skift
BWH Hotels leverages soft brands like SureStay Collection to offer unique global distribution benefits to independent hotels across Australasia. BWH Hotels’ soft brand portfolio spans all segments, from economy to luxury, enabling hoteliers to balance local individuality with the advantages of a global powerhouse.
Hyatt Hotels is expanding its all-inclusive portfolio with the acquisition of Playa Hotels and Resorts for approximately US$2.6 We have respected and benefitted from Playas operating expertise and outstanding guest experience delivery for years through their ownership and management of eight of our Hyatt Ziva and Hyatt Zilara hotels.
BWH Hotels hires Senior Business Development Executive BWH Hotels Australasia has appointed Dean Bagley to the role of Senior Business Development Executive. We are thrilled to welcome Dean to the team, said BWH Hotels Australasia Managing Director, Rod Munro. We have a clear ambition to make Park Proxi a hotel of the locals.
CHICAGO, IllinoisHotel Communication Network(HCN) announced the acquisition of Crave Interactive, a UK-based provider specializing in digital guest experiences for luxury hotels. This strategic move expands HCN’s reach across the four- and five-star hotel markets. The deal closed for an undisclosed amount.
Other travel companies that have similarly struggled after going public in a rocky market will watch closely. Skift Take: Selina hopes to avoid bankruptcy by seeking a restructuring out of court. Sean O'Neill Read the Complete Story On Skift
One of the Middle Easts leading hotel management companies, Rotana, has joined Global Hotel Alliance (GHA) the worlds largest alliance of independent hotel brands. With Rotana joining, we will be close to 950 hotels, and we have high hopes to hit 1,000 hotels very soon.
Spark by Hilton Tucson Airport was previously a Comfort Suites that closed during the pandemic. The hotel was purchased in Q4 2024, at which point Aligned and the hotels owner began the […] The post Aligned Hospitality Adds Spark by Hilton Tucson Airport to Managed Portfolio appeared first on LODGING Magazine.
“Also, the new seven-day turn-around for top tier workers above a new salary threshold of $135,000 is particularly welcome – as it will give better access to highly skilled migrants, including much needed hotel and accommodation managers,” he said.
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