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DALLAS, TexasPeachtree Group, a diversified commercial realestate investment platform, announced the grand opening of the 87-suite TownePlace Suites in Forney, Texas. Peachtree will operate the hotel for TEKMAK Development (TEKMAK), a full-service hospitality development company.
We will continue to own our realestate and operate all our hotels. With the strength of Marriott’s development engine, we look forward to the prospect of many additional CitizenM properties in new destinations around the world. This relationship will allow us to work together to maximize returns.
Global realestate investors are increasingly gravitating to the hotels sector evidenced by near historic levels of first-time capital invested in 2024, said JLL Hotels & Hospitality Group Global Head of Hotels Research, Zach Demuth.
NEW DELHI and DALLAS—Oravel Stays, the parent company of the global travel technology company OYO, announced that it has agreed to acquire G6 Hospitality, the parent company of the Motel 6 and Studio 6 brands, from Blackstone RealEstate for $525 million, in an all-cash transaction.
DCOH, formerly the Halikos Group, is a family-run business and one of the region’s largest privately-owned construction, realestate and hospitality providers. Trilogy will focus on driving efficiencies across hotel operations with teams working together under the same owner.
1834 Hotels will operate the hotel on behalf of Mazen Tabet in a deal negotiated by the selling agents. JLL Managing Director and Head of Investment Sales – Australasia, Peter Harper, said quality realestate continues to remain highly sought after in the hotels sector.
Sofitel Sydney Wentworth Lobby Lounge KKR started the Asia realestate business over 10 years ago, and this was also our first hotel investment in the region,” he said. “At Now, it’s your turn to create new memories.” KKR Managing Director, Colin Zhou, reflected on the company’s journey with the Sydney hotel.
Sofitel Sydney Wentworth Lobby Lounge KKR started the Asia realestate business over 10 years ago, and this was also our first hotel investment in the region,” he said. “At Now, it’s your turn to create new memories.” KKR Managing Director, Colin Zhou, reflected on the company’s journey with the Sydney hotel.
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