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The property is located in Michigan and is franchisee-operated under a lease with approximately two years of term remaining.
Source: New feed

Signs over 7,500 units in 1H 2022, a 32% year-on-year increase, as global travel recovers
Source: New feed

SLS Bahia Beach marks the fourth luxury tower from the SLS brand in Cancun, joining the SLS Cancun Hotel & Residences, SLS Harbour Beach and SLS Marina Beach.
Source: New feed

Baring Private Equity Asia announced on Wednesday that its affiliated real estate funds have completed the acquisition of the Sydney Hilton hotel for A$530 million (US$370 million). The deal is the largest-ever single asset transaction in the Australian hospitality sector.
Source: New feed

Extended Stay America announced today that subsidiaries of ESH Hospitality, Inc. are converting more than 100 recently acquired WoodSpring Suites hotels to the Extended Stay America family of brands later this year.
Source: New feed

Indian Hotels Company (IHCL), India's largest hospitality company, today announced the signing of its first hotel under the Taj brand in Ranthambore, Rajasthan. The currently operational hotel will be rebranded as Taj post upgradation. This hotel is a management contract with The Footprints Ranthambore.
Source: New feed

HVS Brokerage & Advisory announced the sale of the lender-owned (REO), 216-key Four Points by Sheraton Houston Greenway Plaza, located at 2828 Southwest Freeway, Houston, Texas 77098.
Source: New feed

The Vivanta and Ginger branded hotels will offer 275 rooms near the Statue of Unity
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Earlier today, Governor Glenn Youngkin announced that Hilton (NYSE: HLT), the leading global hospitality company, will retain its headquarters in Fairfax County, including significant upgrades to its facility at 7930 Jones Branch Drive in McLean.
Source: New feed

Vail Resorts acquired a 55-percent ownership of the resort operations from Andermatt Swiss Alps AG, which retains a 40-percent ownership stake, with a group of existing shareholders comprising the remaining 5-percent ownership.
Source: New feed