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Jay Levell, Ryan Hanks launch Long Road Partners

Hotel Business

Real estate and hospitality veterans Jay Levell and Ryan Hanks have launched Long Road Partners , a lifestyle and hospitality-focused investment and development firm with a strategic mandate to acquire, reposition and operate hotel, resort, lifestyle and golf-oriented assets across the U.S. markets in the Southeast.

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Hyatt reports RevPAR growth of 5% in first quarter

Hotel Business

Net rooms growth was 10.5% “In the face of growing volatility in the economy and financial markets, we continue to deliver strong performance, highlighted by our first quarter results,” said Mark S. We are excited about the momentum in our pipeline and the continued strong demand we’re seeing for our brands around the world.”

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HB Exclusive: Rockbridge acquires three Hotel Zaza properties

Hotel Business

All three hotels reside in prime real estate locations within urban, high barrier-to-entry markets with strong demand drivers, according to the company. Hotel ZaZa Dallas Uptown is close to Dallas Uptown District, where more than $1 billion in development is underway or in the pipeline.

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Marriott International announces acquisition of citizenM brand

Hotel Designs

The brands current pipeline includes three under-construction hotels totalling over 600 rooms that are anticipated to open by mid-2026, with the prospect of significant additional growth across Marriotts global regions over the next decade. We will continue to own our real estate and operate all our hotels.

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Marriott to acquire citizenM brand for $355M

Hotel Business

The brand’s current pipeline includes three under-construction hotels totaling more than 600 rooms that are anticipated to open by mid-2026, with the prospect of significant additional growth across Marriott’s global regions over the next decade. We will continue to own our real estate and operate all our hotels.

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Destination Vancouver and BCHA Release New Report

Hotelier Magazine

Shifts in the real-estate market, such as declining demand for office and strata developments, have created a rare window of opportunity for hotel development. There are 22 projects currently in the development pipeline, representing approximately 4,200 rooms, which is encouraging.

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Ruby Group announces first hotel in Greece

Hotel Designs

Located near Omonia Square, the project is being developed in collaboration with real estate partner Primetown Development… The launch marks Ruby Group’s first step into the Greek market, further expanding its presence across the Southern Europe region with a new Lean Luxury hotel in central Athens.