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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.

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U.S. hotel construction pipeline hits 749K rooms at Q1 2025 close

Hotel Business

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.

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‘End of an era’: Hyatt Regency Perth to close next month as owner eyes new hospitality direction

Hotel Management

Landmark WA hotel Hyatt Regency Perth is set to close its doors next month after 36 years in operation with its Singapore-based owner Tuan Sing Holdings Limited seeking to embark on a new hospitality direction.

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Driftwood Capital Closes Latest Fund for Development on Florida’s Space Coast

Lodging

MIAMI, Florida—Driftwood Capital announced the successful initial closing of its latest fund, Driftwood Florida Space Coast Portfolio, LP, focusing on the acquisition and development of existing and soon-to-break-ground hotel assets in Florida’s Space Coast.

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Castle Peak closes on $315M opportunistic vehicle

Hotel Business

Castle Peak Holdings , the investment firm behind the Trailborn hospitality brand, has closed on its second vehicle with total committed capital of $315 million raised over a four-month period. The post Castle Peak closes on $315M opportunistic vehicle appeared first on hotelbusiness.com.

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Exclusive: TFE signs five New Zealand properties with Heritage Hotels

Hotel Management

TFE Hotels has signed a multi-property management agreement with New Zealand’s Heritage Hotels, which will see half of the Heritage portfolio refurbished and rebranded under the Adina and Rendezvous brands. Tang said Heritage Hotels will also benefit from TFE Hotels’ global distribution systems and centralised service model.

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LE: Record number of projects in U.S. construction pipeline

Hotel Business

Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. At the close of the third quarter, there are 1,185 projects/148,716 rooms under construction, marking an 11% increase in projects and a 6% increase in rooms YOY. The upscale chain scale follows with 1,407 projects/174,127 rooms.

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