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Global hotel commercial real estate news, insights, trends including resorts, lodging, casino hotels, acquisitions, disposals and openings.

Service Properties Trust to transfer 103 hotels to Sonesta from IHG

Service Properties Trust to transfer 103 hotels to Sonesta from IHG

-Rebranding Hotels to Sonesta Expected to Improve SVC Operating Results -IHG Failed to Pay Owner’s Priority Returns to SVC...
Apple Hospitality REIT buys two Hyatt hotels in Tempe, Arizona

Apple Hospitality REIT buys two Hyatt hotels in Tempe, Arizona

Apple Hospitality REIT said it has acquired the new 105-room Hyatt House and 154-room Hyatt Place in Tempe, Arizona for $64.6 million.
Ascott Residence Trust to sell serviced residences for S$191.4m

Ascott Residence Trust to sell serviced residences for S$191.4m

Singapore-listed hospitality trust Ascott Residence Trust (ART) has entered into two conditional agreements to sell serviced residences, Ascott Guangzhou in China and...
Eldorado Resorts announces FTC clearance for pending merger with Caesars

Eldorado Resorts announces FTC clearance for pending merger with Caesars

Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “Eldorado Resorts” or the “Company”) announced today that the Federal Trade Commission (the “FTC”) has accepted...
Hilton signs agreement with Country Garden to expand Home2 Suites brand in China

Hilton signs agreement with Country Garden to expand Home2 Suites brand in China

Hilton has signed a management license agreement with Funyard Hotel Investment (Asia) Limited, a subsidiary of Chinese property giant Country Garden to...
Ascott Residence Trust to join international real estate investment index

Ascott Residence Trust to join international real estate investment index

Ascott Residence Trust (ART), the hospitality trust in Asia Pacific, announced it will be included in the FTSE EPRA Nareit Global Real...
Pebblebrook Hotel Trust to sell historic hotel in Nashville for $56m

Pebblebrook Hotel Trust to sell historic landmark hotel in Nashville for $56m

Pebblebrook Hotel Trust, a publicly traded real estate investment trust (REIT), has agreed to sell Union Station Hotel Nashville, Autograph Collection in...
Due to expanded restrictions around the COVID-19 pandemic, the U.S. hotel industry reported unprecedented lows during April 2020, according to data from STR.

U.S. hotel industry reported unprecedented lows during April 2020, says STR

Due to expanded restrictions around the COVID-19 pandemic, the U.S. hotel industry reported unprecedented lows during April 2020, according to data from STR.
International tourist numbers could fall 60-80% in 2020, UNWTO says

International tourist numbers could fall 60-80% in 2020, UNWTO says

International tourist arrivals fell by 22 percent in the first quarter of 2020 due to COVID-19 pandemic crisis, according to the latest...
Marriott raises $920m in cash through amended agreements with Chase and Amex

Marriott raises $920m in cash through amended agreements with Chase and Amex

Marriott International, Inc. has signed amendments to its existing co-brand credit card agreements with JPMorgan Chase & Co. and American Express.

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