Hilton Grand Vacations Shareholders Approve Diamond Merger

HGV and Diamond previously announced the proposed merger on March 10, 2021, pursuant to which they agreed to combine to create the largest upper upscale and luxury timeshare operator, comprised of 710,000 owners and 154 resorts and properties. Until the acquisition is formally closed, both timeshare companies will continue to operate separately.
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SLS Scottsdale Hotel Announced for June 2023

Accor in collaboration with Dakota Development and DESCO, Arizona, LLC, today announced SLS Scottsdale will open its doors in June 2023. The property will bring 235 hotel rooms including 30 luxury suites spanning just under 222,100 square feet above and below grade of hotel, dining, bar and event space to Scottsdale.
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Fairfield Inn & Suites Chicago Southeast/Hammond Sold

Commonwealth Hotels announced the acquisition of the Fairfield Inn & Suites Chicago Southeast Hammond in Indiana. The Fairfield by Marriott hotel is located 30 miles southeast of Chicago.
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IHG Signs Four-hotel Agreement in Egypt for Hotel Indigo

As part of a Management Agreement signed with real-estate specialists Mountain View, IHG will introduce Hotel Indigo, to Egypt with Hotel Indigo Mountain View North Coast, Hotel Indigo Mountain View icity New Cairo, Hotel Indigo Mountain View icity 6th of October City and Hotel Indigo Mountain View Ain El Sokhna.
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Hampton Inn & Suites Atlanta Midtown Sold for $58 Million

RLJ Lodging Trust (NYSE: RLJ) today announced that it is under contract to acquire the fee simple interest in the newly-built, 186-room Hampton Inn & Suites Atlanta Midtown for a purchase price of $58.0 million in cash. Upon stabilization, the Company expects the Hotel to generate an estimated 8.0% to 8.5% NOI yield.
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