Marriott Adds a Record 86,000 Gross Rooms and 517 Properties in 2021

On the eve of the Americas Lodging Investment Summit (ALIS) in Los Angeles, Marriott International, Inc. (NASDAQ: MAR) announces a strong year of rooms growth and signings in 2021. The company also provides insight into major trends it sees currently impacting global hospitality development.
Source: New feed

Kona Bay Hotel in Hawaii Sold for $21M

JLL announced yesterday that it has closed the $21 million fee simple sale of the Kona Bay Hotel, a 122-key, select-service hotel in Kailua-Kona, Hawaii.
Source: New feed

Hyatt Anounced Brand Expansion Plans for Asia Pacific

As the region looks toward recovery, Hyatt plans to expand its portfolio of brands, which includes the introduction of the Caption by Hyatt, Destination by Hyatt and Thompson Hotels brands.
Source: New feed

Avenir Hospitality Acquires Cannon Beach Hotel Collection in Oregon

Avenir Hospitality has announced its acquisition of the Cannon Beach Hotel Collection, a portfolio of 4 boutique hotels located in Cannon Beach, Oregon. Avenir has partnered with New York-based boutique hotel operator Life House to manage the portfolio, which represents the company’s first properties in the Pacific Northwest.
Source: New feed