Denis Stackeusky - 10 Minutes News for Hoteliers - Page 2

2 min

LondonMetric buys nine Premier Inn hotels

📈 LondonMetric Property Plc acquired nine Premier Inn hotels for £89 million ($120 million USD) in a sale and leaseback deal with Whitbread PLC. The hotels are on 30-year leases with a 5.3% net initial yield, generating £5 million in annual rent, with CPI-linked reviews every five years. Located mainly in South East England, they offer 955 rooms. This acquisition makes Whitbread LondonMetric's fourth largest occupier, contributing £11.3 million annually, or 2.7% of total rental income. LondonMetric now owns 22 Premier Inn hotels.

2 min

HEI adds three hotels in The Woodlands, Texas area

🏨 HEI Hotels & Resorts is now managing three properties in The Woodlands, Texas, acquired by Ascendant Capital Partners. The portfolio includes The Woodlands Resort, The Westin, and Embassy Suites, totaling 909 guestrooms. Located in a 28,000-acre master-planned community, the hotels offer 101,500 sq. ft. of meeting space and eight dining outlets. The Westin and Embassy Suites opened in 2016 and 2015. The partnership with Ascendant marks a new management relationship for HEI.

2 min

Emerson Hospitality redeveloping Hudson Valley estate into 70-room hotel

🏠 Emerson Hospitality is redeveloping Black Creek Barns, a 153-acre estate in Esopus, NY, into a 70-room resort, opening in late 2027. Located 90 miles north of NYC near Poughkeepsie, it features historic structures, a 7,000 sq ft event hall, and a 9,000 sq ft craft center. Supported by $38 million in financing from IPA, The LCP Group, and Imperial Ridge, the project emphasizes sustainability with C-PACE financing.

2 min

Studio 6 accelerates growth in 2025

🏨 G6 Hospitality plans to open 38 new Studio 6 locations in the U.S. in 2025, marking a significant expansion for the brand. Key cities include Phoenix, Charlotte, and Dallas. The extended stay brand saw growth due to trends like remote work. In 2024, extended stay hotels achieved a Revenue Per Available Room of $78. G6 Hospitality also enhanced its Franchise Development team with eight new hires and upgraded its My6 app with AI features.

1 min

Sonesta signs new hotel in Curaçao

🌍 Sonesta International Hotels Corporation announced a new Sonesta Hotel in Curaçao, near Jan Thiel Beach and Willemstad. The opening is slated for early Q2 and marks an expansion in the Dutch Caribbean. Sonesta, which operated in the region during the 1990s and 2015–2016, enhances its brand's presence with this venture. The hotel will offer wellness-focused amenities and work-friendly spaces, fostering connections between staff and guests while embracing the local environment.

3 min

Marriott opens dual-brand hotel in Monterey

🏨 Courtyard by Marriott Sand City Monterey and Residence Inn Sand City Monterey opened in Sand City, Calif., near Monterey on California’s Central Coast, at 800 Morgans Way. Developed by EKN Development and managed by Aqua-Aston Hospitality, the 215-room dual-brand hotel offers 127 Courtyard rooms and 88 Residence Inn suites. The property features over 8,000 sq. ft. of event space, a piazza with the Lido Stage, and includes energy-efficient systems and 14 EV charging stations.

3 min

Lemon Tree restructures as Warburg Pincus backs Fleur

📈 Lemon Tree Hotels and Fleur Hotels plan a structural reorganization with Warburg Pincus investing in Fleur. Coastal Cedar Investment B.V. will acquire a 41.09% stake in Fleur. Warburg Pincus will invest up to INR 960 crore ($106 million USD). The scheme, starting April 1, 2026, involves transferring hotel assets to Fleur, expanding from 24 hotels with 3,993 keys to 41 hotels with 5,813 keys. Fleur's shares will be listed on NSE and BSE.

2 min

Four Seasons and developers to bring luxury hotel, residences to Diriyah

🏨 Diriyah Company and Midad Development have signed a $827 million joint agreement to develop the Four Seasons Hotel and Private Residences Diriyah. Located in Diriyah, the project includes a 159-room hotel and residences, spanning 235,938 square meters. It is part of Diriyah’s broader hotel pipeline, featuring 40 planned luxury hotels across 76 square kilometers, including the Wadi Safar project, aiming to boost Saudi Arabia’s tourism and cultural profile.

2 min

a&o Hostels adds two Accor hotels in Manchester

📍 a&o Hostels acquired two hotel properties in Manchester's city center on Portland and Dickinson Streets, expanding to 44 European locations. The buildings, previously ibis and Novotel, cover 13,000 sq. meters with a 15-minute walk to the main train station. Post-£8.2 million renovation, they will offer 303 rooms and 1,218 beds by Q1 2027. Backed by StepStone and Proprium, a&o's €500 million plan added 5,500 beds in 2023. Manchester attracts 1.9 million visitors annually.

3 min

Ace Hotel Brooklyn secures $112M refi

💸 Walker & Dunlop, Inc. secured a $112.5 million loan to refinance Ace Hotel Brooklyn at 252 Schermerhorn Street, featuring 287 guestrooms over 154,947 square feet. The refinancing, arranged for GFI Capital Resources Group, Inc. and Spruce Capital Partners, retires existing debts. New York City, facing regulatory barriers, expects over 64 million visitors by 2025. The hotel offers eateries, event spaces, and retail, underscoring NYC's hospitality growth. Walker & Dunlop's Capital Markets team sourced over $16 billion in 2024.

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