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HOTEL NEWS

Global Report
CoStar World News for Sept. 18Saudi Arabia giga-projects slow; UK office tenants move past amenity focus; Furniture retailer opens on famed Paris boulevard.
US Open serves end-of-summer win for New York hoteliersNew York City hoteliers end the summer on a win with increased demand from the U.S. Open.
Podcast
Hotel guests expect improved dining and consistent maintenance, report showsAccording to Andrea Stokes, hospitality practice lead at J.D. Power, the newest report finds that guests are satisfied with rooms and service.
How conversions fit into the US hotel development pictureAt the Hotel Data Conference, CoStar's Michael Stathokostopoulos explained how hotel conversions factor into the overall U.S. hotel development landscape.
Video
SongTeller Hotel is Dolly Parton's love song to Nashville, general manager saysShannon Foster shares details of the country star's latest hospitality endeavor that's expected to open next spring.
What's driving the widening gap between luxury, economy hotels in the USThe U.S. hotel industry continues to see bifurcation between the luxury and economy segments as higher costs of living weigh more heavily on economy hotels and lower-income guests, which are borrowing more with credit to fund their travel.
Accor’s Las Vegas push points to targeted US hotels growth strategyFrench hotel firm Accor has followed a selective growth strategy in the U.S. for many years, focusing on moving into key markets, such as recently taking over management of the Treasure Island property in Las Vegas.
Video
Hospitality tech expert emphasizes importance of 'data hygiene' in age of AIKurien Jacob of Highgate Technology Ventures emphasizes the importance of hotels maintaining good "data hygiene" as artificial intelligence-powered tools grow in popularity.
US travelers flock to the airport for Labor Day travelA record 10.4 million travelers were screened by the Transportation Security Administration over the Labor Day holiday weekend from Friday, Aug. 29 through Monday, Sept. 1.
Video
Tourism Economics' Adam Sacks on downgraded US hotel forecastThere's room for optimism for the future of the U.S. hotel industry amid another forecast downgrade due to real disposable income growth and household balance sheets remaining strong, said Tourism Economics President Adam Sacks.
The factors at play when hotel owners review markets for new projectsThe many factors that hotel owners consider when looking at markets for a new build project include whether it'd be better to buy, as well as population and job growth trends.

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Featured
    5 things to know
    5 things to know
    Headlines for Sept. 18
    1. Federal Reserve cuts interest rate by 25 basis points
    2. Virgin Hotels Chicago to become Sports Illustrated hotel
    3. Austin officials, hoteliers plan workaround for convention center closure
    4. Park Hotels recasts $2 billion in credit facilities
    5. US weekly initial jobless claims drop by 33,000
    Sports Illustrated Resorts to take over original Virgin Hotels location in Chicago
    Travel + Leisure announces plans for approximately 250-room hotel near Michigan Avenue
    Opinions
    Beyond sales: A unified marketing strategy for hotel success
    A more holistic approach can take hotel marketing to new heights
    Opinions
    Brands
    Japan's Seibu Prince Hotels to buy Ace Group International for $90 million
    Deal includes Ace Hotel brand and creative firm Atelier Ace
    Brands
    People
    US hotel hires, promotions: Virgin Hotels Collection adds global sales executive
    New general managers in Miami and California
    People
    Revenue Management
    Revenue managers at odds with hotel owners over recovery picture
    Hoteliers' uncertainty differs from past cycles
    Revenue Management
    5 things to know
    5 things to know
    Headlines for Sept. 17
    1. Bain Capital acquires Pullman Paris Montparnasse for roughly €300 million
    2. Bifurcation of US economy continues
    3. The vital role of housekeeping in hotel operations
    4. US importers, exporters worry over port fees on Chinese ships
    5. Consumers feel stress of inflation
    Opinions
    Why purposeful marketing must lead the way in hospitality
    Communicate the 'why' to make the most impact with guests
    Opinions
    Ownership
    Hotel asset managers anticipate more 'deterioration' of demand, rates
    New survey notes hotel owners are seeking brand, management changes to spur performance
    Ownership
    Video
    Video
    Operations
    Texas hospitality company grows hotel portfolio while applying lessons to restaurant strategy
    New Waterloo prioritizes community-focused 'impact hospitality'
    Operations
    Podcast
    Podcast
    Operations
    Hoteliers navigate a challenging summer, changing landscape
    Recent CoStar News Hotels podcasts highlight how hoteliers cope with soft demand
    Operations
    Video
    Video
    Operations
    PM Hotel Group exec talks Sightline Hospitality merger, inbound international travel to US
    SVP of Commercial Strategies Lovell Casiero says integration of companies 'takes a village'
    Operations
    Opinions
    Tax and spend on tourism
    Thoughtful tourism levies could help fund cities' infrastructure improvements
    Opinions
    Development
    Here’s why Airbnb’s global head of real estate is betting on South Florida
    ‘Miami is one of our top favorite markets’ in the world, said executive Jesse Stein
    Development
    Hospitality
    GFI pursues $60 million transaction to help refinance New York hotel debt
    Firm also plans bond offering to support Hotel Seville NoMad
    Hospitality
    Ownership
    Trinity Investments, Certares sell EAST Miami lifestyle hotel to Blackstone Real Estate
    Hotel last sold in October 2021 for $174 million
    Ownership
    Revenue Management
    'Everybody's concerned:' Revenue managers shift expectations to account for disappointing 2025
    Government layoffs account for large chunk of group travel malaise
    Revenue Management
    Analytics
    JLL Hotels exec sees 'perfect recipe' for increased hotel transactions beginning later this year
    Americas CEO Kevin Davis predicts 'a substantial pickup' in deal activity in 2026
    Analytics
    Brands
    Hospitality Industry Stock Tracker
    Here’s a Live Overview of What’s Happening in the Market Today
    Brands
    International News
      Saudi Arabia
      Pace slows on Saudi giga-projects, but tourism growth remains major priority
      Most complex developments are being reevaluated or extended as Saudi officials try to diversify country's economy
      Saudi Arabia
      France
      Bernard Arnault buys jewel of a hotel overlooking the Mediterranean
      Head of LVMH pays €200 million for hotel near Monaco
      France
      Italy
      Langham Hotels turns attention back to Europe 160 years after London hotel opening
      Upcoming Venice hotel will be Langham's second in Europe
      Italy
      Macao
      SJM Holdings to acquire former gaming space of the Hotel Lisboa in Macau
      New acquisition to be converted back to casino use and connect two of SJM's Lisboa hotels
      Macao
      United Kingdom
      Arora acquires £245-million London Ministry of Justice building for likely hotel
      Known for airport hotels, Arora diversifying into country retreats, golf and partnership with B&B Hotels brand
      United Kingdom
      South Korea
      Hanwha acquires South Korean Paraspara hotel for 92% discount
      Former owner Samjeong collapsed following Busan hotel fire, deaths
      South Korea
      India
      Indian Hotels Company expands with ANK, Pride and Brij deals
      The three hotel firms operate 154 hotels, nearly all in India
      India
      Podcast
      Podcast
      United Kingdom
      Southern Europe hotel performance continues to shine
      STR's William Anns talks about impact of Oasis tour, other major events in Europe on latest EMEA podcast
      United Kingdom
      Australia
      KS Hotels & Resorts to acquire Park Hyatt Melbourne
      Thai owner KS Hotels has history with Park Hyatt in Cambodia and Thailand
      Australia
      Egypt
      Government initiatives, devalued currency help Egypt’s hotel industry flourish
      Climate change might be highest hurdle in North Africa
      Egypt
      Spain
      ActivumSG acquires Spain’s Fairmont La Hacienda for €175 million
      Developer Millenium Hotels Real Estate opened the hotel earlier this year
      Spain
      Ireland
      Pandox, Eiendomsspar to acquire Ireland’s Dalata Hotel Group for €1.4 billion
      The Irish company previously rejected an offer worth €1.27 billion
      Ireland
      South Africa
      Experts say Africa is ready for wave of hotel franchising, but companies must be flexible
      Brands, property owners and operators must collaborate to achieve return on investment
      South Africa
      Spain
      Largest hotel deal in Spanish history, Mare Nostrum Resort Tenerife sells for €430 million
      The resort last changed hands in 2021 in a portfolio with additional hotels
      Spain
      Congo
      Hoteliers in Africa devise novel financing options to increase openings
      Lenders shy away from large swaths of the continent due to risk and uncertainty
      Congo
      Hotel experts react to Fed cutting interest rates for first time in nearly a year
      By Bryan Wroten
      The Federal Reserve has cut interest rates by 25 basis points, which is welcome news to hotel owners hoping for lower cost of debt.
      Austin city leaders, hoteliers make adjustments during major convention center closure
      Visit Austin President and CEO Tom Noonan said his city is leaning into a shorter but heavier period of disruption to get to the upside of the $1.6 billion project by 2029.
      Visit Austin President and CEO Tom Noonan said his city is leaning into a shorter but heavier period of disruption to get to the upside of the $1.6 billion project by 2029.
      Podcast
      The value of housekeeping for guests and hotels
      Davidson Hospitality Group executives joined the latest episode of the CoStar News Hotels podcast to talk about both the guest experience and career growth benefits of working in housekeeping.
      Davidson Hospitality Group executives joined the latest episode of the CoStar News Hotels podcast to talk about both the guest experience and career growth benefits of working in housekeeping.
      Starboard Hotels undertakes 71-room expansion in sensitive Lake District national park
      Starboard Hotels has owned the 35-room Windermere Manor Hotel in the Lake District, England, for almost a decade. The hotel has a long history of welcoming and serving visually impaired guests, but as it gets ready to embark on a 71-room expansion, the firm needs to carefully juggle strict planning protocol and the needs of a fragile region with sound business practice.
      Starboard Hotels has owned the 35-room Windermere Manor Hotel in the Lake District, England, for almost a decade. The hotel has a long history of welcoming and serving visually impaired guests, but as it gets ready to embark on a 71-room expansion, the firm needs to carefully juggle strict planning protocol and the needs of a fragile region with sound business practice.
      In one of French capital’s largest single-asset deals, Paris’ Pullman Montparnasse sells for €300 million
      Bain Capital, Columbia Threadneedle and QuinSpark Investment Partners acquired the 957-room Pullman Montparnasse in Paris for €300 million, one of the largest single-asset deals in Paris history.
      Bain Capital, Columbia Threadneedle and QuinSpark Investment Partners acquired the 957-room Pullman Montparnasse in Paris for €300 million, one of the largest single-asset deals in Paris history.
      Mitigating risks helps cut insurance costs for hoteliers
      While signs point to insurance underwriters being past the waves of large rate increases, hoteliers should still prepare for major events to avoid risk, experts say.
      While signs point to insurance underwriters being past the waves of large rate increases, hoteliers should still prepare for major events to avoid risk, experts say.
      Featured
        5 things to know
        5 things to know
        Headlines for Sept. 18
        1. Federal Reserve cuts interest rate by 25 basis points
        2. Virgin Hotels Chicago to become Sports Illustrated hotel
        3. Austin officials, hoteliers plan workaround for convention center closure
        4. Park Hotels recasts $2 billion in credit facilities
        5. US weekly initial jobless claims drop by 33,000
        Sports Illustrated Resorts to take over original Virgin Hotels location in Chicago
        Travel + Leisure announces plans for approximately 250-room hotel near Michigan Avenue
        Opinions
        Beyond sales: A unified marketing strategy for hotel success
        A more holistic approach can take hotel marketing to new heights
        Opinions
        Brands
        Japan's Seibu Prince Hotels to buy Ace Group International for $90 million
        Deal includes Ace Hotel brand and creative firm Atelier Ace
        Brands
        People
        US hotel hires, promotions: Virgin Hotels Collection adds global sales executive
        New general managers in Miami and California
        People
        Revenue Management
        Revenue managers at odds with hotel owners over recovery picture
        Hoteliers' uncertainty differs from past cycles
        Revenue Management
        5 things to know
        5 things to know
        Headlines for Sept. 17
        1. Bain Capital acquires Pullman Paris Montparnasse for roughly €300 million
        2. Bifurcation of US economy continues
        3. The vital role of housekeeping in hotel operations
        4. US importers, exporters worry over port fees on Chinese ships
        5. Consumers feel stress of inflation
        Opinions
        Why purposeful marketing must lead the way in hospitality
        Communicate the 'why' to make the most impact with guests
        Opinions
        Ownership
        Hotel asset managers anticipate more 'deterioration' of demand, rates
        New survey notes hotel owners are seeking brand, management changes to spur performance
        Ownership
        Video
        Video
        Operations
        Texas hospitality company grows hotel portfolio while applying lessons to restaurant strategy
        New Waterloo prioritizes community-focused 'impact hospitality'
        Operations
        Podcast
        Podcast
        Operations
        Hoteliers navigate a challenging summer, changing landscape
        Recent CoStar News Hotels podcasts highlight how hoteliers cope with soft demand
        Operations
        Video
        Video
        Operations
        PM Hotel Group exec talks Sightline Hospitality merger, inbound international travel to US
        SVP of Commercial Strategies Lovell Casiero says integration of companies 'takes a village'
        Operations
        Opinions
        Tax and spend on tourism
        Thoughtful tourism levies could help fund cities' infrastructure improvements
        Opinions
        Development
        Here’s why Airbnb’s global head of real estate is betting on South Florida
        ‘Miami is one of our top favorite markets’ in the world, said executive Jesse Stein
        Development
        Hospitality
        GFI pursues $60 million transaction to help refinance New York hotel debt
        Firm also plans bond offering to support Hotel Seville NoMad
        Hospitality
        Ownership
        Trinity Investments, Certares sell EAST Miami lifestyle hotel to Blackstone Real Estate
        Hotel last sold in October 2021 for $174 million
        Ownership
        Revenue Management
        'Everybody's concerned:' Revenue managers shift expectations to account for disappointing 2025
        Government layoffs account for large chunk of group travel malaise
        Revenue Management
        Analytics
        JLL Hotels exec sees 'perfect recipe' for increased hotel transactions beginning later this year
        Americas CEO Kevin Davis predicts 'a substantial pickup' in deal activity in 2026
        Analytics
        Brands
        Hospitality Industry Stock Tracker
        Here’s a Live Overview of What’s Happening in the Market Today
        Brands
        International News
          Saudi Arabia
          Pace slows on Saudi giga-projects, but tourism growth remains major priority
          Most complex developments are being reevaluated or extended as Saudi officials try to diversify country's economy
          Saudi Arabia
          France
          Bernard Arnault buys jewel of a hotel overlooking the Mediterranean
          Head of LVMH pays €200 million for hotel near Monaco
          France
          Italy
          Langham Hotels turns attention back to Europe 160 years after London hotel opening
          Upcoming Venice hotel will be Langham's second in Europe
          Italy
          Macao
          SJM Holdings to acquire former gaming space of the Hotel Lisboa in Macau
          New acquisition to be converted back to casino use and connect two of SJM's Lisboa hotels
          Macao
          United Kingdom
          Arora acquires £245-million London Ministry of Justice building for likely hotel
          Known for airport hotels, Arora diversifying into country retreats, golf and partnership with B&B Hotels brand
          United Kingdom
          South Korea
          Hanwha acquires South Korean Paraspara hotel for 92% discount
          Former owner Samjeong collapsed following Busan hotel fire, deaths
          South Korea
          India
          Indian Hotels Company expands with ANK, Pride and Brij deals
          The three hotel firms operate 154 hotels, nearly all in India
          India
          Podcast
          Podcast
          United Kingdom
          Southern Europe hotel performance continues to shine
          STR's William Anns talks about impact of Oasis tour, other major events in Europe on latest EMEA podcast
          United Kingdom
          Australia
          KS Hotels & Resorts to acquire Park Hyatt Melbourne
          Thai owner KS Hotels has history with Park Hyatt in Cambodia and Thailand
          Australia
          Egypt
          Government initiatives, devalued currency help Egypt’s hotel industry flourish
          Climate change might be highest hurdle in North Africa
          Egypt
          Spain
          ActivumSG acquires Spain’s Fairmont La Hacienda for €175 million
          Developer Millenium Hotels Real Estate opened the hotel earlier this year
          Spain
          Ireland
          Pandox, Eiendomsspar to acquire Ireland’s Dalata Hotel Group for €1.4 billion
          The Irish company previously rejected an offer worth €1.27 billion
          Ireland
          South Africa
          Experts say Africa is ready for wave of hotel franchising, but companies must be flexible
          Brands, property owners and operators must collaborate to achieve return on investment
          South Africa
          Spain
          Largest hotel deal in Spanish history, Mare Nostrum Resort Tenerife sells for €430 million
          The resort last changed hands in 2021 in a portfolio with additional hotels
          Spain
          Congo
          Hoteliers in Africa devise novel financing options to increase openings
          Lenders shy away from large swaths of the continent due to risk and uncertainty
          Congo
          Categories
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