HVS Brokerage & Advisory announces the sale of the 92-key Best Western Premier Houston Katy, located at 1549 Westborough Drive, Katy, Texas 77449.
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Expected to open its doors in 2026, the property will be newly built on a ~2.5-acre hilltop plot of land at an altitude of 2,400 metres in Fagu, Shimla
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Sonnenblick-Eichner Company, on behalf of Woodside Hotel Group, has arranged $26,750,000 of non-cross collateralized, fixed rate, first mortgage financing for the Lafayette Park Hotel & Spa and The Lodge at Bodega Bay, located in Lafayette and Bodega Bay, California, respectively.
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CHICAGO (January 10, 2022) – Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a franchise agreement with La Manga Club, S.L. (an affiliate of Grupo…

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Weekly Hotel Industry Asia Pacific News Roundup from HVS
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The property is located in Pennsylvania and is corporate-operated under a triple net lease. The transaction was priced at cap rate in range with previous FCPT dispositions.
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VICI Properties Inc. (NYSE: VICI) announced today that the Company has closed on the previously announced acquisition of the remaining 49.9% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort from Blackstone Real Estate Income Trust, Inc. for cash consideration of approximately $1.27 billion and VICI’s assumption of BREIT’s pro-rata share of existing property-level debt.
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The 322-room hotel and resort is located in Tusayan, Ariz. – only 7 miles from the South Rim entrance of Grand Canyon National Park, making it one of the closest lodging options to the park. Terms of the purchase are not being disclosed.
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CHICAGO (December 30, 2022) – Hyatt Place Hangzhou International Airport, the first Hyatt Place hotel in Hangzhou city, is officially open, expanding the Hyatt Place brand’s footprint globally…

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CHICAGO (January 9, 2023) – Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Regency Izmir IstinyePark, located in Balçova, a charming district of Izmir and one of the…

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