HILTON SIGNS ALL-INCLUSIVE RESORT IN MEXICO: Hilton is adding to its Mexican portfolio and has signed a franchise agreement for the upcoming conversion of The Sens Cancun Adults Only All-Inclusive Resort, Tapestry by Hilton. This is among the more than 10 new deals that Hilton has signed in Mexico this year. The resort is owned by Oasis Hotels & Resorts, who will continue to own the property. Located in the Cancun hotel zone, the resort is scheduled to open in 2026. Offering views of the Playa Langosta, the beachfront property will undergo a complete renovation, which includes upgrading all rooms and public spaces, elevated dining concepts and a new rooftop bar and restaurant with views of the Caribbean Sea and the Nichupte Lagoon. So far this year, Hilton has signed more than 10 new hotels in Mexico across brands and segments. Currently, Hilton has 15 all-inclusive properties across Mexico and is further strengthening its portfolio in Caribbean and Latin America, where the company has over 270 open hotels and a pipeline of 135 properties.
SOFITEL ADDS FOURTH HOTEL IN EGYPT: Sofitel, the luxury brand under Accor, has expanded its presence in Egypt with its fourth location in the country. Accor has signed Sofitel Cairo Downtown Nile, which is slated to open in January 2025. Located in Cairo’s downtown Nile-front district, an existing hotel will transition to Sofitel. Set to be the largest Sofitel property in the world, Sofitel Cairo offers direct access to the Nile and sits close to popular attractions. The hotel has 615 rooms and suites with panoramic views of the Nile, four dining venues, a spa, pool, gym, kids’ and teens’ clubs and more than 2,000 square meters of banqueting and event space. The hotel will operate under a management agreement with International Company For Touristic Investments.
U.S. PERFORMANCE UPDATE: The U.S. hotel industry has reported positive YOY comparisons, revealed CoStar’s data through October 26.
- Occupancy: 69% (+4.5%)
- ADR: $168.69 (+4.6%)
- RevPAR: $116.32 (+9.3%)
Among the top 25 markets, Tampa posted the largest occupancy lift (+28.1% to 84.2%), due to continued displacement demand from Hurricane Milton. New Orleans reported the highest lifts in ADR (+64.1% to $301.30) and RevPAR (+77.6% to $227.24). The market’s performance was driven by Taylor Swift’s Eras Tour. The steepest RevPAR declines were seen in Las Vegas (-7.9% to $196.40) and Minneapolis (-6.5% to $86.31).
NOBLE ACQUIRES MARRIOTT, HYATT HOTELS IN FISHERS: Noble Investment Group has acquired the Courtyard by Marriott Indianapolis | Fishers and the dual-branded Hyatt House & Hyatt Place Indianapolis | Fishers. The new-build hotels are located in Fishers District, a 150-acre mixed-use development featuring dining, retail and entertainment venues. Fishers, Ind. has recently experienced more than $2 billion in new development, with additional investments being delivered in the next few years.
