With newfound confidence in completing $300 million to $400 million in hotel asset sales by year's end, executives with Park Hotels & Resorts said their primary strategy for expanding and improving their portfolio is likely to be targeted renovations and development on currently owned property.
In its second-quarter earnings call, hotel real estate investment trust Xenia Hotels & Resorts reported better-than-expected numbers, leading to a modified outlook for the remaining half of the year.
While an ongoing concern for the U.S. hotel industry at large continues, leisure demand from its Maui resorts helped drive strong performance at Host Hotels & Resorts’ properties during the second quarter.
Amid further bifurcation of travel of hotel demand, Pebblebrook Hotel Trust's CEO said his company's higher-end portfolio has outperformed the industry.
The number of hotels sold in California during the first half of 2025 dropped by 7.4% year over year, a trend that has continued for several years now.
Bethesda, Maryland-based real estate investment trust DiamondRock Hospitality Company completed a refinancing and extension of its maturities under its senior unsecured credit facility that will increase the credit facility by $300 million to a total of $1.5 billion.
London-based Blue Coast Capital has acquired the 248-room Courtyard by Marriott Munich City Center hotel near Munich's central train station from Union Investment GmbH.
The sentiment among publicly traded hotel companies heading into the second-quarter earnings season is mixed, but the worst-case scenario of the impact of U.S.-enforced tariffs has been avoided so far, analysts say.
Amancio Ortega, the founder of Spanish clothes retailer Zara, has acquired the 90-room Autograph Collection Hotel Banke Opera in Paris for €97 million ($113.3 million), according to news site CPP Luxury.
Singapore-based Furama Hotels International has acquired the 73-room Skye Suites Sydney serviced apartment in Sydney, Australia, and the adjacent, ground-floor shopping mall from receivers for the former owner Crown Group Holdings.