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Peachtree Group Announces Grand Opening of TownePlace Suites in Forney, Texas

Lodging

DALLAS, TexasPeachtree Group, a diversified commercial real estate 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.

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Marriott International to acquire CitizenM for US$355 million

Hotel Management

We will continue to own our real estate 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.

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JLL projecting 25 per cent jump in global hotel investment volume

Hotel Management

Global real estate 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.

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OYO Parent Company to Acquire G6 Hospitality

Lodging

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 Real Estate for $525 million, in an all-cash transaction.

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Trilogy Hotels expands to Northern Territory under three-property deal with DCOH

Hotel Management

DCOH, formerly the Halikos Group, is a family-run business and one of the region’s largest privately-owned construction, real estate and hospitality providers. Trilogy will focus on driving efficiencies across hotel operations with teams working together under the same owner.

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Melbourne investor purchases The Adelphi Hotel in $19 million deal

Hotel Management

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 real estate continues to remain highly sought after in the hotels sector.

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‘The brand is back’: Sofitel CEO Maud Bailly reveals grand plans for luxury brand at the reopening of a Sydney icon

Hotel Management

Sofitel Sydney Wentworth Lobby Lounge KKR started the Asia real estate 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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