By the end of this year, Noble Investment Group’s extended-stay hotels portfolio will reach 100 properties thanks in part to its recent acquisition of 35 Sonesta Simply Suites hotels.
Copthorne Hotel Holdings, a subsidiary of Singapore-based City Developments Limited, acquired the 706-room Holiday Inn London-Kensington High Street for £280 million ($370 million) or £396,601 ($525,616) per key.
Japan's hotel industry has been the beneficiary of positive dynamics for awhile, with current exchange rates making it an inexpensive option for international travelers.
From covering conferences in the Caribbean and Prague to news from the United Kingdom and Dubai, CoStar News Hotels has its pulse on the global hotel industry.
Earlier in the year, most publicly traded hotel companies downgraded their full-year 2025 outlook as tariffs were unveiled by the U.S. and sentiment from international travelers weakened.
A joint-venture acquisition of Ireland-based Dalata Hotel Group is now complete as Dalata has officially delisted its shares from Euronext Dublin and the London Stock Exchange.
Sunstone Hotel Investors executives addressed outside noise to pursue a sale of some assets or the entire company during its third-quarter earnings call.
The pieces are aligned for a potentially stronger fourth quarter and 2026, but the external factors weighing down the hotel industry have executives at Pebblebrook Hotel Trust approaching the short term more cautiously.