Sonesta Celebrates Five Years of Franchising with 1,900 Hotel Conversions Amid High-Interest Market Challenges
🏨 In 2018, Sonesta International Hotels Corporation took over 250 hotels, acquired Red Lion Hotels, and launched its franchise platform, growing to over 1,000 properties with 100,000 guestrooms. By 2026, Sonesta became the 8th largest U.S. hotel company, investing nearly a billion dollars in asset reinvestment. CoStar data shows a shift to conversions, with 1,900 hotels switching flags in 2025 due to high financing costs, while new constructions fell for 15 consecutive months.
Share