Hotel Investment Today

Hotel Investment Today serves as a vital resource for those involved in the hotel investment sector. Linked with The BHN Group, the foremost and largest organizer of hotel investment conferences, the Hotel Investment Today website and e-newsletter deliver up-to-date multimedia content, covering breaking news, insightful analysis, and essential data on significant transactions, along with profiles of key players and developers in the industry.

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Bridging the ‘say-do’ gap in sustainable travel

6 days ago | hotelinvestmenttoday.com | Marisa Garcia |Marisa García

GLOBAL REPORT – As the travel industry works to meet theneeds of environmentally conscious customers, the question remains: How can thesector ensure good intentions do in fact have a tangible impact? While manyexpress a preference for sustainable travel, behavior while traveling differs.
Latest news: Castle Peak acquires in Wyoming; credit spreads tighten; York adds in South Carolina

1 week ago | hotelinvestmenttoday.com | Rob Schneider

CastlePeak acquires in Wyoming. Castle Peak Holdings, the investment firm behind the Trailborn hospitality brand, is acquiring 203-key Snow King Resort in Jackson Hole, Wyoming. The resort spans eight acres and features a range of amenities, including a restaurant, indoor and outdoor spa facilities, and ski-in/ski-out mountain access during winter months.
Hotel executive moves: B&B Hotels, Hotel Equities, HVMG, Pyramid Global

1 week ago | hotelinvestmenttoday.com | Rob Schneider

Here is a compilation of the most important executive moves of the past week in the hotel investment world alphabetically (by company):Atlanticnames new exec. Kennebunk, Main-based Atlantic Hospitality has named Joe Schafer as culinary director. Schafer will bring over two decades of restaurant industry experience to his new role, leading the food and beverage programs across the company’s collection of hotels, restaurants and hospitality ventures.
Latest news: $36.1M loan in Houston; Waldorf’s debut in Turks and Caicos; Highway West adds 3

1 week ago | hotelinvestmenttoday.com | Rob Schneider

GBTA poll shows confidence plummets. Business travel industry optimism has taken a hit in the wake of recent U.S. government actions concerning the economy and immigration, and some buyers say they are cutting down inbound travel to the U.S., according to a Global Business Travel Association poll of 905 industry professionals. The poll, fielded from March 31 through April 8, showed 31% of surveyed industry professionals said they were optimistic about the overall industry outlook.
Latest news: Meyer Jabara, Pappas acquire; Kempinski, BTG Hotels expand partnership; Stonebridge adds

1 week ago | hotelinvestmenttoday.com | Rob Schneider

MeyerJabara, Pappas acquire hotel. Danbury, Connecticut-based Meyer Jabara Hotels andHouston-based Pappas Hotels have acquired the 110-key Courtyard by MarriottClemson in South Carolina from an undisclosed seller for an undisclosed amount. The hotel, which will begin renovations this summer, is the only upscalefranchised hotel in the market. This is the second property to be managed byMeyer Jabara Hotels for Pappas Hotels and its fourth property in SouthCarolina.
Inside the Grand Hyatt Miami Beach construction loan

1 week ago | hotelinvestmenttoday.com | Jeffrey Weinstein

MIAMI BEACH, Florida – Just underneath the wire, SouthFlorida developers Terra and Turnberry on April 11 closed on a $392 millionconstruction loan to develop the Grand Hyatt Miami Beach. More than five yearsin the planning stages by the developers and supporters, an 800-room, 17-storyproperty adjacent to the Miami Beach Convention Center is now shoveling and setto open in about 26 months.
Latest news: Meyer Jabara, Pappas acquire; Kempinski, BTG Hotels expand partnership; Stonebridge adds

1 week ago | hotelinvestmenttoday.com | Rob Schneider

MeyerJabara, Pappas acquire hotel. Danbury, Connecticut-based Meyer Jabara Hotels andHouston-based Pappas Hotels have acquired the 110-key Courtyard by MarriottClemson in South Carolina from an undisclosed seller for an undisclosed amount. The hotel, which will begin renovations this summer, is the only upscalefranchised hotel in the market. This is the second property to be managed byMeyer Jabara Hotels for Pappas Hotels and its fourth property in SouthCarolina.
Rumored boffo offer for The Mark in NYC

1 week ago | hotelinvestmenttoday.com | Jeffrey Weinstein

NEW YORK CITY – Alexico Group has received a $1 billionoffer from an unnamed source to sell the luxury Mark Hotel on New York City’sUpper East Side, according to a Bloomberg report. With approximately 153 rooms,a $1 billion offer would equate to a record $6.54 million per key offer. Last year, Alexico refinanced the hotel with a $335 millionloan with $300 million in CMBS debt provided by Goldman Sachs.
O’Stean new CDO at Hotel Equities

2 weeks ago | hotelinvestmenttoday.com | Jeffrey Weinstein

ATLANTA – Hotel Equities has announced the appointment ofhospitality veteran Greg O’Stean as its new chief development officer(CDO), and the promotion of Joe Reardon to vice chairman. O’Stean, CDO at Aimbridge Hospitality for four years untilJanuary 2024 and for the last year as CEO of Dubai’s United HospitalityManagement, will lead HE’s development platform with plans to acceleratestrategic growth initiatives and help expand the company's global footprint.
Latest news: First Hyatt Studios opens; Ashford $410M 17 hotel refi; new US CEO for B&B Hotels

2 weeks ago | hotelinvestmenttoday.com | Rob Schneider

FirstHyatt Studios opens. Hyatt Hotels Corp. has partnered with Chattanooga, Tennessee-based 3H Group and Dothan, Alabama-based third-party manager LBA Hospitality to officially open its first-ever Hyatt Studios hotel with the 122-key Hyatt Studios Mobile/Tillmans Corner in Mobile, Alabama. 3H is opening additional Hyatt properties, including Caption by Hyatt hotel in Chattanooga, which will be the first Hyatt in the market.