Latest news with #lodging
Skift
3 days ago
- Business
- Skift
Mint House Announces Expansion Into Washington, D.C
Mint House announced its expansion into Washington, D.C., with the grand opening of its newest property, and other hotel development news. The DJIA jumped 404 points while the Nasdaq was up 194, the S&P 500 rose 49 points and the 10-year treasury yield was down .04 to 4.25%. Lodging stocks were modestly higher. The biggest mover in the group was INN, up 6% on the day. InnVentures announced the completion of a total renovation of the Courtyard by Marriott Spokane Downtown Convention Center. The renovations include a refreshed exterior with a streamlined façade, enhanced lighting, and new landscaping; 149 fully renovated guestrooms; upgrades to the lobby and restaurant; and an expanded fitness center will open next month. The Courtyard by Marriott Spokane Downtown Convention Center is owned by BHG Hotels. An iconic Madison, Wisconsin, hotel has transitioned into the Madison Marriott South. The hotel remains open and fully operational as it completes this exciting brand conversion. The property boasts 239 guestrooms and more than 16,000 square feet of versatile meeting space. Renovations are currently underway in the hotel's ballrooms, with guestroom enhancements scheduled to begin later this year. The hotel is owned by DeFoor Brothers LLC, and along with the neighboring Fairfield Inn & Suites Madison South, both operated by Legacy Ventures. Fairfield Inn & Suites Marriott Calgary Downtown has completed an extensive renovation of its 124 guestrooms and public spaces. The new look includes an updated breakfast lounge and fitness center, as well as new furniture, lighting, wall vinyl, and carpet in the lobby. Every guest room has been updated. The hotel also offers a market, fitness center, and business center. A new hotel and apartment building recently broke ground in Winooski, Vermont. This will be Marriott's first all-electric, non-fossil fuel, net-zero hotel in the whole world. The facility will have three components: 115 rooms in the eight-story Marriott Sugar House Hotel, 83 units of middle-income housing units, and a three-story municipal parking garage. The hotel itself will feature a rooftop bar, restaurant, event space, a general store in the front of the building, and more. The developer, Doug Nedde, hopes the project will be done by next summer. Host Hotels & Resorts and the Grand Hyatt Washington, located in Washington, D.C., announced the unveiling of the property's newly renovated 902 guestrooms, 31 re-imagined suites, and an expanded Grand Club lounge. The hotel boasts a 12-story atrium and 42,000 square feet of meeting space. IHG Hotels & Resorts, in collaboration with owner Muncie Hotels, LLC and management company Amerilodge Group, celebrated the opening of Holiday Inn Express & Suites Muncie, Indiana. The newly-built hotel features 505 guestrooms, 995 square feet of meeting space, a fitness center, and an indoor pool. Bay Shores Peninsula Hotel, located in Newport Beach, California, is now accepting reservations beginning November 1. The long-standing Newport Beach gem has been thoughtfully re-imagined and includes 25 individually designed rooms and suites, two signature rooftop gathering spaces, and a lobby café. Mint House announced its expansion into Washington, D.C., with the grand opening of its newest property, 1010 Vermont. The company's first property in the nation's capital is a former 11-story office building, transformed into a boutique apartment hotel with 8 units, a fitness center, a Grab-and-Go station, rentable meeting spaces, and a lounge with game tables and TVs. This will be Mint House's second opening this year, following the recent opening of The Dylin, located in Madison, Wisconsin, with further openings expected in 2025. Construction walls have gone up in Disney's Grand Californian Hotel & Spa for the construction of a new concierge lounge, which is expected to open in 2026. The hotel is undergoing an extended refurbishment. Napa Rose is currently closed, Storyteller's Café was also closed for refurbishment, and the hotel also got new Disney California Adventure entrance gates, as part of a larger rollout of new park gates around the Disneyland Resort. Kabani Hotel Group completed the leasehold interest sale of the Wyndham Garden Tallahassee Capitol, a 147-room property located in Tallahassee, Florida. The transaction closed at a sale price of $7,915,000. Kabani Hotel Group held an exclusive listing for the property. Marriott International, Inc. announced a signed multi-unit agreement with Corporacion Polaris and Cardedeu to open four City Express by Marriott properties, marking the brand's debut in El Salvador. The signed projects are expected to further enhance Marriott's footprint in the country with the addition of 440 rooms. Located in the heart of San Salvador's historic center, City Centro by Marriott San Salvador is expected to convert by the end of this year. Expected to open in late 2026, City Express by Marriott Aeropuerto will connect San Salvador's metro area with the International Airport. Also set for 2026, City Express by Marriott Santa Elena will sit along the Pan-American Highway. By late 2027, City Express Plus by Marriott San Benito is set to open in the heart of the San Benito district. Royalton Luxury Resorts, by Blue Diamond Resorts, has launched Royalton Vessence, a new adults-oriented brand that re-imagines the all-inclusive experience. The first to bring this vision to life will be Royalton Vessence Barbados, An Autograph Collection All-Inclusive Resorts - Adults Only, debuting in Summer 2026. Formerly introduced as Royalton CHIC Barbados, the adults-oriented, all-inclusive resort will also be the first in the region to introduce glow-lit pools, along with dedicated spaces for digital detox. The experience continues with Moddo by Royalton FIT, a holistic wellness program featuring yoga, breathwork, and expressive movement sessions led by expert coaches. MGM Muthu Hotels is set to make its debut in Jamaica with the takeover of the Decameron Club Caribbean, Ramada All Inclusive, located in Runaway Bay, St. Ann. The new property, to be rebranded as the Grand Muthu Club Caribbean, is scheduled to open on August 1. Personnel News Mainsail Lodging & Development announced the promotion of two long-standing team members into key leadership positions. Brandon Marshall, who has served as Corporate Director of Sales for the past nine years, has been promoted to Vice President of Sales & Marketing. In his new role, Marshall will lead the development and execution of sales and marketing strategies for Mainsail's entire portfolio, focusing on maximizing revenue opportunities, cultivating top talent, and contributing to the feasibility and planning of further projects. Rhonda Mestler, formerly the Corporate Director of Revenue, has been elevated to Senior Director of Commercial Strategy. Mestler will oversee all revenue-generating functions across the company, including eCommerce, reservations, revenue management, and front-office operations. Peachtree Group has promoted Jared Schlosser to head of originations for all commercial real estate and hotel lending, in addition to continuing his role as head of the firm's Commercial Property Assessed Clean Energy lending program. Europe Highlights IHG Hotels & Resorts announced the opening of Garner Hotel Edinburgh - Haymarket, a 195-room flagship hotel. This property opens in partnership with Palm Holdings, a virtual family-owned real estate and hospitality company. Hilton has announced the opening of The Marcus Portrush, a new hotel under its Tapestry Collection brand, marking the brand's entry into Northern Ireland. The hotel is located in a restored Victorian building in Portrush and features 80 rooms, a restaurant, and cocktail bar. The Marcus Portrush was developed under a franchise agreement with Andras House Ltd. The building, which previously operated as a hotel and bakery, underwent an £11 million renovation.
Skift
4 days ago
- Business
- Skift
Marriott Vacation Clubs Announces Expanded Benefits
The DJIA fell 107 points while the Nasdaq was up 61, the S&P 500 was flat, as was the 10-year treasury yield, at 4.29%. Lodging stocks were mixed. The only mover of note was SOND, down -6% on the day. STR reported U.S. lodging data for the week ended June 21. U.S. hotel RevPAR was up 3.3% year over year with rates up 2% and occupancy up 1.3%. Group RevPAR was up 4.1% on flat occupancy. HRI Hospitality, LLC announced the addition of the Hilton New Orleans St. Charles Avenue to its growing portfolio of lifestyle and legacy-driven hotels. HRIH will manage and oversee operations at the property. In early 2026, the 252-room hotel will embark on an extensive, property-wide repositioning led and overseen by HRI Hospitality's in-house construction management team, HCI Construction. The renovation will encompass all public areas, meeting and event spaces, and guestrooms, including the addition of multiple new, expansive presidential suites and a vibrant new lobby bar. The property is also home to a lively dining concept originally conceived by Executive Chef and Owner John Besh. Sagemont Hotels announced the opening of the newly developed Homewood Suites by Hilton Fremont in Fremont, California. The five-story, 128-suite hotel offers inviting communal spaces, a Suite Shop, guest laundry, an outdoor pool, fitness center, EV charging stations, covered parking on the lower level, an outdoor patio with a fire pit, and 600 square feet of meeting space. Gray's Crossing Hospitality, in partnership with Huff Construction and H-CPM construction project management, announced the groundbreaking of The Mtn Scout Truckee, A Tribute Portfolio Hotel. Located in Northern California's Lake Tahoe Basin, the 129-room boutique hotel is slated to open in early 2028 under the management of PM Hotel Group. Plans for The Mtn Scout Truckee include a lobby-level restaurant and bar, outdoor gathering space with fire pits, courtyard hot tubs, an event hall with a garden and patios, a fitness center, and a third-floor whiskey bar and lounge. The Courtyard by Marriott San Diego Downtown Little Italy is slated to open in the summer of 2025 in San Diego, California. The 334-room hotel boasts over 10,000 square feet of flexible event space, including ballrooms, boardrooms, and meeting suites; a sky deck pool and sunset terrace; a fitness studio; a business center; a sundry shop; and a restaurant and lobby bar. The Marriott Vacation Clubs, operated by Marriott Vacations Worldwide, announced an expanded Owner benefit, the ability to use Club Points to directly book stays at thousands of hotels around the globe. Through the introduction of a third-party booking platform by a leading global travel technology provider, Abound by Marriott Vacations exchange members now gain access to more than 8,000 hotels worldwide, all within the Marriott family of brands, a substantial increase from the previous selection of hotel inventory available to Owners using Club Points. Members of the Abound by Marriott Vacations exchange program will enjoy a streamlined, user-friendly booking process and expanded options, transforming how they utilize their Club Points to explore Marriott's extensive hotel network. A central Ohio luxury spa is expanding with a location inside Cameron Mitchell's upcoming boutique hotel in Dublin, Ohio's Bridge Park. Panacea Luxury Spa Boutique announced it will be the exclusive luxury spa partner for the hotel, which will stand seven stories with 130 guestrooms, a fitness center, a pool, and more. The new Panacea will feature more than 17,000 square feet of indoor and outdoor space on the second floor. In addition to Mitchell, the hotel project is backed by the Shaner Hotel Group and Crawford Hoying, the developer behind Bridge Park. Plans call for the complex to also feature at least 20 condos in an eight-story tower, alongside three new food and beverage concepts, a pool bar, an event venue with a 4,000-square-foot ballroom, and a series of meeting rooms. Construction on the entire development is expected to begin in 2026. Dellisart LLC announced the addition of six new full-service hotel management contracts in the second quarter of 2025. The newly added properties span multiple markets and hotel segments, further cementing Dellisart's reputation for flexibility and operational excellence across a wide variety of asset types. Carnival announced an expansion and renovation project to Denali Lodge in Alaska, one of the company's nine owned and operated hotel properties, building on this unmatched strategic advantage for Holland America and Princess Cruises. Enhancements will include the addition of 120 new guestrooms and suites, room remodeling, additional food and beverage venues, and improvements to public spaces and nature trails. Raines announced its upcoming Columbia, South Carolina, boutique property will be known as The Lantern Hotel Columbia, an adaptive reuse of Columbia's historic firehouse. Lantern Columbia will collaborate with both The University of South Carolina's College of Hospitality, Retail and Sport Management and CarolinaLIFE, a program for students with intellectual and developmental disabilities. The Hotel will provide hospitality career paths through training and gainful employment for the students in the CarolinaLIFE program and others in the community that have historically faced barriers to employment. The Lantern Hotel will be a signature property in Raines' Woven portfolio of a unique collection of lifestyle hotels. The Lantern Hotel anticipates a Fall 2025 opening, and Columbia is just the beginning. The Lantern Rock Hill will soon follow with an anticipated opening in Fall 2026. Cronheim Hotel Capital has secured $13.25M from a regional bank to capitalize the leasehold acquisition and change of ownership PIP for the Hampton Inn & Suites in Prattville, Alabama. The five-year financing features 18 months of interest only and no prepayment penalty for the life of the loan. A full property refresh post-acquisition will maintain the hotel's top spot in the comp set. Alchemy Real Estate Advisory announced the sale of eight Hampton Inn and Holiday Inn Express & Suites hotels in Illinois, Iowa, Kansas, Missouri, and Oklahoma. Alchemy represented a publicly traded REIT in the disposition of a portfolio exceeding $30 million, resulting in sales to multiple investors across the Midwest. Concord Crest Real Estate, a partnership between Crest Real Estate and Concord Wilshire Companies, announced the launch of its operations in Miami. The new company facilitates the expansion of Crest and CW's core real estate platforms to provide industry-leading, full-service land-use advisory and permit-expediting services to the South Florida residential and commercial real estate markets. CCRE services a wide range of asset types, including single-family, multifamily, office, retail, mixed-use, and hospitality in Miami-Dade, Broward and Palm Beach counties. The Retreat Costa Rica has unveiled a transformative $4 million expansion. The immersive resort now features a tranquil open-air clubhouse with two distinctive restaurants and 10 new luxury lofts, bringing the total room count to 25. These additions complement the resort's existing offerings, including the Vida Mia Healing Center and Spa, a signature farm-to-table restaurant, two saline pools, a yoga studio, a meditation deck, organic gardens, a coffee plantation, scenic hiking trails, and views of the Gulf of Nicoya. Diana Stobo, celebrity chef, bestselling author, and founder of The Retreat, conceived the expansion and its new design based on the Sanskrit concept of Santosha. Lamanagta Luxury Surf Resort is now open, in Costa Rica, and accepting bookings following its grand debut earlier this year. Nestled 1,200 feet above sea level where the rainforest canopy meets the clouds, this intimate, all-inclusive retreat features six ocean-facing suites, an expansive viewing deck, an open-air pool bar and communal dining table, an infinity lap pool, a teakwood yoga studio, an ocean view open-air massage space, a bocce ball court and a cozy relaxation space. Lamanagta Luxury Surf Resort is designed by Debbie Gruelle, daughter of Bob Toll, founder of Toll Brothers, Inc. Personnel News Sonder Holdings Inc. announced that after a transformative tenure as Co-Founder and Chief Executive Officer, Francis Davidson has stepped down as Sonder's CEO and as a member of the Company's Board of Directors. Janice Sears, Sonder's Chairperson of the Board, has been appointed Interim Chief Executive Officer, effective immediately. Ms. Sears will continue to serve as Sonder's Board Chairperson. The Board intends to immediately initiate a search process to identify Sonder's next CEO. Global Highlights HotelREZ Hotels and Resorts has welcomed an additional 86 new hotels and aparthotels into its network in the past three months. With growth coming from the UK, Sweden, Germany, South Africa, and the U.S., notable additions to the HotelREZ portfolio include Browns Central Hotel, Blackbird Aparthotel, Wilde Aparthotels, Zetter Bloomsbury, Atlantis Alger, and Dayton Vitality Hotel. HotelREZ supports over 2,500 properties across more than 100 countries. Europe Highlights Bob W signed a long-term lease for a 7,500 square meter former police station in Copenhagen's iconic Meatpacking District, in partnership with Nordic real estate investor Slatto. The heritage building will be converted into a 169-unit flagship Bob W property, set to open in October 2027. Bob W Copenhagen Vesterbro will feature a mix of restaurant, social, and co-working lounges, furnished studios, and one-bedroom serviced apartments. Once complete, Bob W Vesterbro will offer both short and extended stays for leisure and business travelers. With this latest signing, the company's pan-European portfolio now exceeds 5,000 units.
Forbes
19-06-2025
- Business
- Forbes
You Can Now Spend The Night At One Of London's Most Iconic Restaurants
A two-bed "lodging house," Permit Room Lodgings is set above Dishoom's all-day cafe/bar Permit Room Portobello With eight locations in London, the beloved Indian restaurant group Dishoom is widely praised for its beautifully nostalgic design and fantastic Bombay street food-inspired menus. Now, for the first time, the team behind the restaurants is inviting guests to not only dine but stay the night at the new Permit Room Lodging, which opened this month (June 2025) above its latest all-day bar/café, Permit Room Portobello. Set above the ground-floor restaurant with its own private street entrance, the new accommodation is a private apartment, sleeping four and comprising of two en-suite bedrooms connected to a separate living room. The concept borrows inspiration from the traditional lodging houses in Bombay, comfortable places often run by Parsi proprietors. That same asthetic theme underpins these new digs. 'We kept coming back to wanting to keep things rooted in Bombay, and the warmth that envelops you the moment you arrive there,' says Shamil and Kavi Thakrar, Co-Founders of Dishoom and Permit Room, via press release. 'Bombayites are kind, generous and proud of their city. We thought, what if we could extend our hospitality to our guests even more fully? Some of our most cherished memories are from staying with friends and family in Bombay; the types of visits where the door is wide open and you're ushered inside to be taken care of. What if we could transport our guests to a romantic Bombay residence? These feelings of nostalgia and looking after people to the best of our ability led us to come up with our Permit Room Lodgings.' Working with acclaimed UK hospitality design studio Macaulay Sinclair, which also developed many of the group's stylish restaurants, the team delved deep into Bombay's past to guide the vibe. Research trips took them to local lodging houses, private family homes, and vintage Deco hotels including Bombay's Bentley's Hotel and Sea Green Hotel on Marine Drive. One standout inspiration was Kekee Manzil, the 1920s home of legendary Bombay art patrons Kekoo and Khorshed Gandhy, where eclectic charm and layered personality offered a roadmap for the interiors. The end result is a space that feels as much like a cultured friend's apartment as a boutique hotel. Over 30 original pieces of Bombay-sourced vintage furniture now sit proudly in the Lodgings, alongside bespoke beds, reclaimed parquet flooring and arched windows that pour light in. Art plays a major role in this new chapter. Both the Lodgings and downstairs dining area are adorned with works curated by Rajiv Menon Contemporary, the Los Angelos-based gallery known for championing young South Asian artists. Expect bold, contemporary pieces by the likes of Mustafa Mohsin, Maya Varadaraj and Nibha Akireddy. Other highlights at the Lodgings include Mauli Rituals amenities; a bespoke drinks cabinet stocked for cocktail-making; and a record player and hand-picked collection of vinyls, sourced from nearby record shop Rough Trade West, naturally. Books and magazines come courtesy of other Notting Hill neighbours Shreeji News and Books for Cooks. Each guest gets a Key to the City: Dishoom's insider guide to London, full of handpicked spots and local perks, perfect for discovering the area like a resident. But the best perk? Dishoom's famous complimentary chai is just a call away, plus guests get to skip to the front of the line at any Dishoom restaurant during their stay. Rates starting at at £700 per night (with a two-night minimum). The lodgings include over 30 pieces of furniture souced from Bombay Artwork has been curated in collaboration with Los Angeles-based gallery Rajiv Menon Contemporary to highlight modern South Asia art Design comes care of Macaulay Sinclair, UK-based interiors architect with a portfolio that includes Dishoom restaurants in Kensington, Battersea, and Kings Cross Permit Room Portobello is a new all-day cafe and bar from Dishoom, located below the new Permit Room Lodgings
Skift
19-06-2025
- Business
- Skift
Hyatt Acquires Playa Hotels & Resorts
The DJIA fell 44 points while the Nasdaq was up 25, the S&P 500 fell 2 points and the 10-year treasury yield was up a bit at 4.40%. Lodging stocks were mixed. SOHO was the big gainer, rising 10% and popping its head above $1 for the first time in months. In observance of the Juneteenth holiday, there will be no Daily Lodging Report on Thursday, June 19th. STR reported U.S. hotel data for the week ended June 14th. RevPAR was down -1.8% year over year, with occupancy down -2.4%. Group RevPAR was up 1.3%. Hyatt Hotels Corporation announced the completed acquisition of Playa Hotels & Resorts N.V. The transaction included the acquisition of 15 all-inclusive resorts previously managed and owned by Playa. Of these, eight were already represented within Hyatt's system as Hyatt Ziva and Hyatt Zilara properties. As part of the transaction, Hyatt expands its all-inclusive portfolio with the addition of several resorts located in premier beach destinations, including Secrets La Romana and Dreams La Romana in the Dominican Republic; Dreams Rose Hall in Montego Bay, Jamaica; and Hyatt Vivid Playa del Carmen and Sunscape Cancun in Mexico. Correction: Sunday's DLR contained coverage of a story on Jalisco announcing a $1 billion investment to build 38 new hotels. We have been advised by Hyatt that despite what was said in the press release, Hyatt does not have plans to invest in Jalisco but is always open to discussing and considering development opportunities in key leisure markets like Jalisco. The Federal Trade Commission granted Marriott International antitrust approval to acquire the CitizenM hotel brand. CitizenM will continue to own its real estate and operate the hotels following the closing of the transaction. MAR will assume the CitizenM brand and IP. A new $35 million hotel could be coming to Padre Island in Texas. According to blueprints that RGB Hospitality filed with the city of Corpus Christi, the development would include a Marriott Residence Inn and a Courtyard by Marriott attached to each other, making a resort. The resort-hotel design features 205 guestrooms, a spacious conference area, and three bars. RGB Hospitality hopes construction will begin by the end of summer 2025. Once construction begins, the development is expected to take about two and a half years to complete. Key International and Wexford Real Estate Investments announced the June 25, 2025, reopening of the Fort Lauderdale Marriott Pompano Beach Resort, unveiling an extensive multi-million dollar renovation. The resort will emerge from its first phase of renovation with 100 newly appointed guestrooms, including 16 spacious suites, in its North Tower. The remaining 119 guestrooms and suites in the South Tower will debut in late 2025. Anchoring the resort's evolution is a new 3,000 square foot, zero-entry pool; a revitalized beach experience including the resort's Tiki Bar; and two brand-new dining concepts. The resort boasts over 8,000 square feet of versatile indoor and outdoor event space. The first phase of the renovation will unveil a 3,000-square-foot outdoor oceanfront terrace and a 2,800-square-foot ballroom. In late 2025, two additional spaces will be unveiled. Reservations officially opened for Naples Beach Club, A Four Seasons Resort. Debuting in October 2025 in Naples, Florida, the new beachfront property is brought to life through the partnership between BDT & MSD Partners, The Athens Group, and Four Seasons. As the only Four Seasons on the Gulf Coast, the hotel sits within the 125-acre Naples Beach Club residential and golf resort. In addition to the hotel, the expansive development features 58 luxury condominiums in three new beachside residential buildings, and 95 luxury condominiums in five golf-side residential buildings with views of The Gardens, a newly designed 18-hole golf course. With 220 accommodations, including 57 suites, along with 153 residences, the extensive property will feature five diverse dining experiences, a full-service spa, racquet sports facilities, versatile meeting and event venues, the new golf course, and more. Resolute Road Hospitality announced the Holiday Inn Express Astoria, Oregon, has completed a comprehensive renovation. The four-story, 98-room property underwent a significant capital improvement. The project included a full renovation of guestrooms and public areas, including a redesigned lobby, a modernized breakfast area, an upgraded fitness center, a refreshed indoor pool, and an expanded outdoor patio. Omni Las Colinas Hotel, located in Irving, Texas, has completed a $20 million renovation across all 421 guestrooms including 111 suites, and the Las Colinas Ballroom, the property's largest event space. Following the $13 million revitalization of the property's common spaces, this final phase of the property-wide renovation reflects the pioneering vision of Las Colinas. The previous renovation introduced The Lakehouse Waterfront Lounge & Pool Deck and three new dining concepts. Castle Resorts & Hotels announced the Castle Hilo Hawaiian Hotel, on Banyan Drive in Hilo, Hawaii, has joined the Trademark Collection by Wyndham. The Hilo Hawaiian is the first property in Hawaii to be part of the global hotel brand. The property features 286 guestrooms and suites, a pool, meeting spaces, and a signature WSW Steakhouse restaurant. Charlestowne Hotels announced its continued expansion with the takeover of Hotel Nell, located in Washington, D.C.'s Union Market neighborhood. Charlestowne will oversee all management of Hotel Nell, including day-to-day operations, food & beverage programming, revenue optimization, strategic marketing, and creative services. The 106-room property boasts 10,000 square feet of flexible event space and three distinct dining outlets. The Phoenix Hotel in San Francisco will close at the end of the year, according to the San Francisco Chronicle. Chip Conley, longtime hotelier and founder of Joie de Vivre Hospitality, and his partners hold the lease to the property and own the hotel's name and brand but not the land. The San Francisco Baking Institute bought the property for $9.1 million last year. The long-shuttered Gulfstream Hotel in downtown Lake Worth Beach, Florida, will reopen this fall, and would-be guests will be able to book reservations starting on June 19, 2025, for summer 2026. The Gulfstream Hotel will open 90 rooms when it opens this year, with 50 more rooms coming in 2026, according to a hotel news release. It will also have 50 apartments, a rooftop restaurant, bar, spa, gym, and a 273-space parking garage. The hotel is under the ownership of Amy Gill and her husband Amrit Gill. The Mount Vernon Company announced the acquisition of the John Carver Inn & Spa located in the heart of historic Plymouth, Massachusetts. Under Mount Vernon's stewardship, the property will be repositioned and re-imagined. The 80-room inn currently features a full-service spa, indoor pool, meeting and event space, fitness center, game room, onsite dining, and ample parking. Plans for repositioning will include refreshed interiors, enhanced amenities, elevated dining, and curated programming. The John Carver Inn will be managed by Olympia Hospitality and will remain operational during the initial phase of planning, with renovation plans to be unveiled in the coming months. Ruberto, Israel & Weiner's Commercial Real Estate team represented Mount Vernon in this transaction. JLL Hotels & Hospitality represented the seller. HVS Brokerage & Advisory announced the sale of the 60-key La Quinta Inn & Suites Corpus Christi - North Padre Island, located in Corpus Christi, Texas. The property was purchased by Mr. Inderjit Randhawa from South Texas Hotels, LLP. Personnel News Essex Hotel Management has promoted John Kattato to Chief Operating Officer. In his new role, Kattato will continue to oversee the operations team while expanding his responsibilities to include all departments. His focus will include fostering company culture, assisting with strategic initiative development, and providing leadership and guidance to department heads. Additionally, Kattato will increase his visibility outside the company as he continues to develop strong relationships with key clients, hotel owners, and other stakeholders. Kattato has been a key member of the Essex team since he joined the company in 2003, most recently serving as Senior Vice President of Operations. Overseas Highlights IHG Hotels & Resorts and Grupo Poma, through its hotel division Real Hotels & Resorts, celebrated the opening of InterContinental Real Lima Miraflores and Hotel Indigo Lima Miraflores, sister properties located in Lima, Peru. InterContinental Real Lima Miraflores is a 21-story hotel with 321 rooms, including 29 suites, a signature Club InterContinental lounge, 11 multifunctional meeting rooms and over 950 square meters of space, and a stunning rooftop with lush gardens and the destination's largest outdoor hotel infinity pool. Hotel Indigo Lima Miraflores offers 76 rooms, including 10 suites, a rooftop pool and lounge, and versatile gathering spaces. The destination's newest culinary epicenter features five distinct concepts spread across both properties. Additionally, the property offers the Presence Spa and fitness centers. Europe Highlights Hyatt is bringing a new Thompson Hotel to Seville, Spain, in 2026. The 101-room hotel is expected to feature a restaurant, a rooftop bar, a pool, meeting rooms, a co-working space, and a gym. Thompson Seville will be Hyatt's fourth Thompson property in Europe.
Skift
18-06-2025
- Business
- Skift
U.S. Hotels Face a Challenging Landscape This Year
The DJIA fell 299 points, the Nasdaq was down 180, the S&P 500 fell 50 points and the 10-year treasury yield was down .06 to 4.39%. Lodging stocks were modestly in negative territory on the day. In 2025, the U.S. lodging sector faces a challenging landscape, characterized by a combination of macroeconomic and capital market factors, according to PwC. As a result of the macroeconomic headwinds, GDP in 2025 is expected to grow by 0.7%, compared to 2.5% in 2024, on a fourth-quarter over-fourth-quarter basis. Inflation is anticipated to rise 2.7% in 2025, which, coupled with geopolitical uncertainties, is expected to significantly influence consumer behavior, particularly impacting the lower-priced chain scale segments. As a result, PwC expects RevPAR growth to decelerate significantly to 0.8%. The key risks continue to be on room night demand, just as lodging supply growth is reverting to its long-term average of ~2.0%. Key demand performance trends and risks include: International leisure travel has declined noticeably, marked by a 3.3% drop in visitors in the first quarter compared to last year. In contrast, inbound corporate travel has improved, with a 10% and 17.4% increase from Europe and Canada, respectively. Domestic leisure travel growth has slowed significantly due to a combination of inflation concerns and declining consumer sentiment, while domestic corporate travel is showing mixed results, with stable premium offerings and group travel demand despite softened lower-tier demand. Hotel operating performance continues to be bifurcated, with luxury hotels outperforming economy properties. YTD through April luxury RevPAR grew by 7.1%, while economy hotels saw only a 0.9% increase, compared to the same period last year. Despite a slowdown in hotel development, upscale segments continue to see new projects. PwC's outlook anticipates significant deceleration in travel demand in Q2, with expected positive momentum recommencing in the second half of 2025. As a result, PwC expects RevPAR in the second quarter to decline by 1.2% year-over-year, driven primarily by occupancy. PwC also expects RevPAR in the third and fourth quarters to increase by 1.1% and 1.8% respectively. For 2026, global events like the FIFA World Cup could boost tourism. HHM Hotels announced the Courtyard by Marriott Philadelphia Downtown has announced a new name following an all-encompassing property renovation that included the renovation of every guestroom and public area of the hotel. Formerly the Le Meridien Philadelphia, the 202-room hotel features an onsite restaurant and bar, 9,165 square feet of flexible event space, a fitness center, and an onsite market. Hilton's Canopy brand has made its debut in Nashville, Tennessee. Located in the city's Gulch district, Canopy by Hilton Nashville The Gulch features 181 rooms, including 27 suites and five distinctive dining experiences. Hotel Indigo Nashville - The Countrypolitan has completed the second phase of its multi-year transformation. This latest phase included a full renovation of all 134 guestrooms and suites, modernization of the hotel's 6,500 square feet of meeting and event space, and a new fitness center. This renovation completes The Countrypolitan's upgrade to an authentic Nashville experience. HEI Hotels & Resorts has added Waymore's Guest House and Social Club in Nashville to its growing portfolio of upper-upscale independent boutique hotels and resorts throughout the United States. Owned by L+R Hotels, Waymore provides 93 rooms, approximately 4,200 square feet of meeting space, and two F&B outlets. Margaritaville Hotel Kansas City, in Kansas City, Kansas, will host a ribbon cutting and preview event today. The 229-room hotel will start taking reservations on July 1. The hotel will feature an indoor pool, an outdoor resort-style pool, retail and family entertainment centers, along with a bar and grill. The historic Casa Marina Hotel, in Jacksonville Beach, Florida, is under contract to be sold, according to News4JAX. The property has a planned renovation for 2026. It's unclear when the pending sale will be finalized. The Avila Village Inn, in Avila Beach, California, has unveiled an expansion that blends upgraded guest amenities with thoughtfully designed new accommodations. The boutique property has added 18 brand-new rooms in the Forest Building and completed enhancements to its original 30 rooms in the Craftsman Building. Hotel El Roblar, in Ojai, California, is reopening on June 19, according to the Ojai Valley News. Eric Good, Jeremy McBride, Warner Ebbink and Ramin Shamshiri purchased the property and transformed Hotel El Roblar to highlight its Spanish Revival and early Californian architecture while updating its bones. The revamped hotel remains an intimate property, featuring only 50 rooms. There are 31 rooms in the main house, 11 rooms are bungalows, and eight rooms are in a new building on the property called the Sycamore House. There's also a pool, gym, treatment room, and event space. The first patients will be seen in early 2025 inside the new Sanford Orthopedic Hospital, which will open a boutique hotel inside at the same time. Located in Sioux Falls, South Dakota, the nine-story building will have 35 rooms to serve patients both before and after procedures, 12 operating rooms, and an intra-operative MRI attached directly to an OR. The building also includes the new Highpoint Hotel, a boutique hotel with high-end finishes and amenities developed and operated by Hegg Cos. The lobby is on the fourth floor, which includes a fireplace, an expanded gym, and a bar. The 56 guestrooms are on floors six and seven, while the fifth floor eventually will be built out as 19 inpatient hospital rooms. The hotel expects to start accepting reservations in mid-October and open for the first guests on January 12, 2026. HREC Investment Advisors arranged the sale of the 149-room Sonesta Select - Kansas City Airport Tiffany Springs located in Kansas City, Missouri. The property was acquired by KMG Hotels. HREC Investment Advisors exclusively represented an affiliate of Service Properties Trust, as the seller in this transaction. Personnel News Noble Investment Group announced the addition of Tim Bowes and Mark Klawitter to its asset management leadership team. Bowes will help lead asset performance across Noble's upscale select-service hotel portfolio, partnering with operating teams to implement innovative strategies that unlock value. Most recently he served at Hospitality Investors Trust, a Brookfield company. Klawitter will help spearhead execution across Noble's branded long-term accommodations platform, guiding initiatives that drive revenue, profitability, and operational innovations. He most recently served at Extended Stay America. Europe Highlights Together with landlord Vasakronan, Scandic plans to open a modern, new 236-room hotel in downtown Uppsala, Sweden. In addition to a gym, bar, and flexible meeting facilities, the new hotel will offer a large restaurant. The property is being developed as a mixed-use building, combining both hotel and office spaces, which means that hotel guests and office tenants will share the lobby and entrance areas. Construction is scheduled to begin in the autumn of 2025, with the grand opening planned for the second quarter of 2028. In the UK, the design overhaul of the Malmaison, on Newcastle's Quayside, will see a £3m refurbishment to revamp all of the hotel's 122 bedrooms and suites. The company had initially planned a £2m refurbishment program, but a more ambitious scheme has now been announced. The project is being phased in to minimize disruption and is expected to be completed later this year. Hilton is planning to build a new hotel with 142 rooms in Shropshire, England. Telford & Wrekin Council has signed an agreement with Hampton by Hilton for a six-story hotel within the town's new Station Quarter. A provisional opening date of 2027 was given.
