Boutique funds management company Serene Capital has expanded its hospitality portfolio with the $41.5 million acquisition of Canberra’s Abode Hotel and Apartments.
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CHICAGO (August 3, 2023) – Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) today reported second quarter 2023 financial results. Highlights include: • Net income was $68 million in…
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CHICAGO (August 2, 2023) – Hyatt Hotels Corporation (NYSE: H) today published Hyatt’s 2022 World of Care Highlights and Diversity, Equity & Inclusion (DE&I) Report, spotlighting colleagues and…
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A summary of European hotel transactions provided by HVS
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DiamondRock Hospitality Company (NYSE:DRH) today announced that it has acquired the fee-simple interest in the Chico Hot Springs Resort, a lifestyle resort in Paradise Valley, Montana and near Yellowstone National Park. The purchase price for the Resort and adjacent ranch is $33 million.
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According to the United States Construction Pipeline Trend Report by Lodging Econometrics (LE) for Q2 2023, the five markets with the largest hotel construction pipelines are Dallas with a record-high 184 projects/21,501 rooms, Atlanta with 141 projects/17,993 rooms, Phoenix with 119 projects/16,107 rooms, Nashville with 116 projects/15,346 rooms, and Los Angeles with 112 projects/17,797 rooms.
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Braemar Hotels & Resorts Inc. (NYSE: BHR) today announced the rebranding and planned conversion of its Mr. C Beverly Hills in Los Angeles, California to the Cameo Beverly Hills.
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CHICAGO (August 2, 2023) – Today, Hyatt Hotels Corporation (NYSE:H) announces the launch of ‘A Taste of Thompson’ Dinner Parties, offering guests, locals, and members the opportunity to…
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Fordson Hotel is located in the West Village District near Oklahoma City’s downtown and housed in the former Ford Motor Company Assembly Plant, which dates back to more than a century and is listed on the National Register of Historic Places.
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Brand set to reinvest $1.5 billion in its portfolio of properties over the next 5 years
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