MCR, America’s third-largest hotel owner-operator, has recently purchased the Hyatt Regency O’Hare Chicago, marking its first Hyatt Regency-branded hotel acquisition.
Source: New feed
The company now operates 1,000 hotels in the region, a notable increase from the 761 at the end of last year. This achievement arrives ahead of their goal to reach this milestone by 2025.
Source: New feed
Summit Hotel Properties, Inc. has announced its plan to acquire two hotels, the Hampton Inn Boston – Logan Airport and the Hilton Garden Inn Tysons Corner, for $96 million, or $241,000 per key.
Source: New feed
The Indian Hotels Company (IHCL) plans to open a new hotel in Rishikesh, Uttarakhand. This new venture will be branded under their ‘Gateway’ hotel line.
Source: New feed
A prominent Sydney-based consortium including 8HotelsÕ Paul Fischmann, Capit.el GroupÕs Eduard Litver, and property developer Jonathan Hasson, has on-sold BrisbaneÕs Mantra Terrace Hotel to the NRL, achieving a 42% uplift on its 2021 purchase price.
Source: New feed
Hotel industry executives anticipate that President-elect Donald Trump’s second term will stimulate this growth due to beneficial tax policies, deregulation, and appointments to the National Labor Relations Board.
Source: New feed
A summary of European hotel transactions provided by HVS
Source: New feed
Weekly Hotel Industry Asia Pacific News Roundup from HVS
Source: New feed
Four Seasons and Extell Development Company announced plans to develop a resort and residential project in Deer Valley East Village, marking the first luxury alpine village development in North America in over four decades.
Source: New feed
Totaling 2,855 guestrooms, the 22-hotel portfolio is spread across 14 states in established and high-growth markets such as Texas, Florida, New Mexico and South Carolina.
Source: New feed