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Acore raises $1bn to provide rescue capital to hotels

Commercial real estate finance company Acore Capital has raised $1 billion to provide rescue capital to North American hotel operators. The company has launched Acore...

Park Central San Francisco to rebrand under Hyatt Regency

Hyatt Hotels Corporation announced today that a Hyatt affiliate has entered into a franchise agreement with 50 Third Street Owner LP for Park Central San...

Marriott to debut St.Regis brand at Chicago’s iconic Vista Tower

Marriott International, Inc. has signed an agreement with Magellan Development Group to debut its St.Regis Hotels & Resorts brand at iconic Vista Tower project in...

Service Properties Trust sells eight hotels for $45.3m

Service Properties Trust, a real estate investment trust, or REIT, has sold eight TownePlace Suites branded hotels with 834 rooms for $45.3 million. The...

U.S. opens more hotels than any country during pandemic

U.S. has opened more hotels and rooms than any country during the coronavirus pandemic, between the beginning of March and end of September, according...

Colony Capital announces the sale of hospitality portfolios

Colony Generates Significant Strategic and Financial Benefits on Exit From Hospitality Business Sale Represents Key Milestone in Colony Capital’s Digital Transformation Colony Capital, Inc. (NYSE: CLNY)...

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 for July and August Service Properties Trust (Nasdaq:...

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. In a year-over-year...

Caesars, VICI to sell Bally’s Atlantic City for $25m

Caesars Entertainment and VICI Properties have reached an agreement to sell the Bally’s Atlantic City Hotel & Casino to Twin River Worldwide Holdings Inc....

Xenia Hotels & Resorts to sell seven-hotel portfolio for $483m

Xenia Hotels & Resorts, Inc., a self-advised and self-administered REIT, owns 39 hotels comprising 11,245 rooms across 16 states in the U.S announced that...

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