This newly acquired capital was used to settle an existing bank loan and to return equity to West77 Partners.
Source: New feed
Peachtree Group Adds 14 Hotels to Portfolio in Partnership Group 10 Management
This expansion propels Peachtree’s managed operations past the 100-hotel mark. The newly acquired properties are majorly Marriott, Hilton, and IHG-branded hotels in the Detroit metro area.
Source: New feed
Mandarin Oriental Expands Presence in the Americas with The Residences at Mandarin Oriental, Miami
Hotel group Mandarin Oriental is increasing its presence in the United States with its latest project on Miami’s Brickell Key. This is part of a series of planned projects in Mexico and Grand Cayman as the company strategizes its expansion in selected market
Source: New feed
Groundbreaking Event Marks Start of Sofitel Dublin Airport Hotel Construction
The hotel, expected to open in late 2026, will offer 412 rooms and suites, an all-day dining restaurant, a tea salon, and a sky bar with panoramic airport views.
Source: New feed
Thompson Hotel in Savannah, GA Receives $50M Refinance Loan
The five-year, non-recourse financing has been used to pay off the original construction loan for the hotel.
Source: New feed
Bob W Expands Presence in Nordic Capitals with New Stockholm Property
The property, previously a seven-story hotel in StockholmÕs central Norrmalm district, will be converted into a tech-powered, design-led space, expected to be completed by summer 2025.
Source: New feed
Indian Hotels Company Acquires Majority Shares in Tree of Life Resorts
The Indian Hotels Company (IHCL) has announced its acquisition of the majority shareholding in Tree of Life, an operating company associated with Ambuja Neotia Group. This move signifies IHCL’s foray into the experiential leisure segment.
Source: New feed
Iconic W Hotel South Beach Sold for Over $400 Million
This marks the largest hotel transaction in the Miami market this year. Tricap sold the property to the Reuben Brothers.
Source: New feed
Strategic Merger Expands PM Hotel Group's Lifestyle Division and Western U.S. Footprint
In a strategic move to expand its lifestyle hotel division and presence across the U.S., PM Hotel Group has announced a merger with Sightline Hospitality.
Source: New feed
New Hyatt Regency Hotel Set to Open in Lumbini, Nepal by 2028
Hyatt Hotels Corporation has announced a new management agreement with Veda Hospitality Private Limited, part of the Golyan Group, to develop Hyatt Regency Lumbini.
Source: New feed