AWH Partners, a New York City-based company, has acquired a 212-key hotel in Broomfield, Colorado for $29 million. The hotel will be managed by Dallas-based Spire Hospitality, which is a subsidiary of AWH Partners.
Sunstone Hotel Investors, based in Aliso Viejo, California, reported negative results for the third quarter. The Revenue Per Available Room (RevPAR) growth was -1.3% and the hotel EBITDA was $57 million, down -2.8% year-over-year. Analysts are concerned about Sunstone’s results and updated outlook, as they fell short of expectations.
NexGen Hotels, headquartered in Itasca, Illinois, has acquired The Maritime Hotel Fort Lauderdale Airport & Cruiseport in Florida. The boutique hotel will undergo renovation and rebranding as the Moor Hotel at Marina Bay, a Tribute Portfolio Hotel, by the third quarter of 2025.
Excel Group, based in Arlington, Virginia, has acquired the Embassy Suites by Hilton Syracuse Destiny USA in New York. The 209-key hotel opened in 2017.
Sonesta International Hotels Corp. is opening its first MOD Collection hotel in the U.S. with the ACP Hotel Houston Westchase in Texas. This marks the second opening of the MOD Collection in North America.
Dimension Hospitality, headquartered in Fort Lauderdale, Florida, has added the Fairfield Inn & Suites Bay City in Texas to its management portfolio.
Four Seasons Resort & Residences is set to open the Four Seasons Resort & Residences Caye Chapel off the coast of Belize. The property will include 18 overwater bungalows and is scheduled to debut in 2025.
IHG Hotels & Resorts is partnering with developer Felix Capital to open the first voco hotel on the Sunshine Coast in Australia. The voco Maroochydore Sunshine Coast is expected to open in 2028.
Galgorm Collection, based in Northern Ireland, has acquired Galgorm Castle Estate in Ballymena and Roe Park Resort in Limavady for a combined £50 million. The company plans to invest an additional £22 million to enhance the properties over the next five years.
According to a survey commissioned by the American Hotel & Lodging Association (AHLA), 52% of Americans plan to travel overnight for leisure in the next four months. The survey also found that hotels remain the top lodging choice for both leisure and business travelers.
In Hawaii, over 2,500 hotel workers have ratified a new contract at five Marriott-operated hotels. The new contract covers hotels such as the Royal Hawaiian Hotel and the Sheraton Waikiki.
Hyatt Hotels Corp. is entering the Romanian market with the opening of the Hyatt Regency Aro Palace Brașov. The company plans to open five new Hyatt Regency hotels in the area by 2027.
Remington Hospitality, based in Dallas, has added the Kimpton Mas Olas Resort and Spa in Mexico to its management portfolio. The company has been expanding its presence in CALA with new properties in various countries.
Ennismore is introducing its Mondrian brand to Australia with the opening of the Mondrian Gold Coast in 2025. The hotel will be located on one of Queensland’s most iconic beaches.
Travelodge, based in the U.K., has acquired an office building in London to convert into a new hotel. The Genesis House will be transformed into a 95-key Travelodge hotel, set to open in early 2027.
Loadstar Capital K.K., a Tokyo-based company, has acquired three hotels in the greater Tokyo area. The hotels are located in Tokyo and Kawasaki City.
Accor has partnered with Jadran Hotels Rijeka in Croatia to add the Hotel Continental to its boutique collection. The hotel is scheduled to reopen in 2026 as part of the Handwritten Collection.