Sonesta International Hotel Corporation (Sonesta) today announced the debut of two soft brands within its expanding portfolio, Classico, A Sonesta Collection (Classico) and MOD, A Sonesta Collection (MOD).
Source: New feed
Month: June 2023
Marriott International Announces New Extended Stay Lodging Brand
Marriott is announcing its plans to launch a new brand, which has not yet been named, but is currently being referred to as Project MidX Studios. The affordable midscale extended stay brand is intended to deliver reasonably priced modern comfort for guests seeking longer stay accommodations in the U.S. & Canada.
Source: New feed
Accor to Triple Branded Residence Portfolio over the Next Five Years
By 2027, the company expects to have more than 150 branded residences in operation, an increase of more than 300%.
Source: New feed
Hyatt Completes Acquisition of London Based Mr & Mrs Smith Platform for £53.0 Million in Cash
Hyatt expects to maintain industry-leading net rooms growth into the future with increased focus on extended-stay in the Americas in addition to expansive opportunities globally across brand portfolio
Source: New feed
LuxUrban Hotels Signs Master Lease Agreements to Operate Two Hotels in New York City's Times Square
LuxUrban Hotels Inc. (Nasdaq: LUXH) announced today that it has signed separate agreements to enter into 35-year Master Lease Agreements (MLAs), each inclusive of two five-year options, to operate two new properties in New York City’s Times Square: The Hotel at Times Square and Hotel 46 Times Square.
Source: New feed
Hyatt’s Transformative Growth Continues: More Markets, More Segments, More Opportunities
CHICAGO (June 2, 2023) – Hyatt Hotels Corporation (NYSE: H) announced the completed acquisition of London-based Mr & Mrs Smith, a global travel platform that provides direct booking access to a…
Source: New feed
Nautilus Hotel on Collins Avenue, Miami Beach, FL Sold for $165.4 Million
Service Properties Trust (Nasdaq: SVC) announced today that it has acquired the 250-room Nautilus Hotel located at 1825 Collins Avenue, Miami Beach, FL for $165.4 million, or approximately $661,600 per key.
Source: New feed
Alterra Mountain Company to Acquire Schweitzer in Sandpoint, Idaho
Alterra Mountain Company has announced that it has entered into an agreement to purchase Idaho’s Schweitzer, further expanding the company’s portfolio in the Pacific Northwest by joining Crystal Mountain in Washington.
Source: New feed
WoodSpring Suites Has Opened 12 Hotels Year to Date with 300 in the Domestic Pipeline
Choice Hotels International, Inc. (NYSE: CHH) opened a company record, six WoodSpring Suites hotels during the month of May. These openings, which were led by a dedicated, extended stay team, account for 732 new economy extended stay rooms from coast to coast and 1,414 total new rooms for the brand since the start of 2023, with nearly 38,000 rooms in the domestic pipeline.
Source: New feed
Capital Tacos Announces Further Expansion in Florida with New Deal in Jacksonville
Capital Tacos announced a new location will be coming soon to Jacksonville, Florida, a mere 200 miles from where the brand originated in Tampa.
Source: New feed