LODGING Staff - 10 Minutes News for Hoteliers - Page 29

Noble Investment Group Acquires Ten-Property Hotel Portfolio Featuring Marriott, Hilton, and IHG Brands Across U.S.

💸 Noble Investment Group has acquired a portfolio of ten upscale select-service and extended-stay hotels from Marriott, Hilton, and IHG. These properties are located across the Pacific Northwest, Midwest, Southeast, and Northeast regions. The hotels, averaging less than six years old, benefit from diverse demand drivers such as healthcare and corporate travel. High construction costs and limited financing options present a strategic advantage for Noble, allowing for strong cash flow and margin resilience.

Dallas Leads U.S. Hotel Construction Pipeline in Q1 2026 with 184 Projects and 22,861 Rooms Planned

🏨 Dallas led U.S. hotel construction in Q1 2026 with 184 projects/22,861 rooms. Atlanta and Phoenix followed with 158 projects/17,524 rooms and 123 projects/16,111 rooms, respectively. Dallas topped early planning with 79 projects/10,841 rooms. The 2026 forecast predicts Phoenix to open 27 hotels/3,640 rooms, while Dallas tops 2027 with 27 hotels/2,484 rooms. Houston led renovations with 35 projects/5,336 rooms. Throughout Q1 2026, 75 new projects/12,137 rooms were announced nationwide.

2 min

Terry Kline to Retire After 12 Years Leading Franchise Development at My Place Hotels of America

📈 Terry Kline, Executive VP of Franchise Development at My Place Hotels, will retire in May after 40+ years in hospitality. He joined the brand at its inception, leading franchise growth for 12 years. Kline's history with the Rivett Organization dates to the mid-1980s, contributing to brands like Super 8 and Settle Inn. His legacy includes team-building and fostering relationships. The Rivett Organization and My Place Hotels commend his dedication and leadership.

1 min

GFI Capital and Hyatt Complete Multi-Million-Dollar Renovation of Hotel Seville NoMad in New York City

🏨 GFI Capital Resources LLC and Hyatt Hotels Corporation completed a multi-million-dollar renovation of Hotel Seville NoMad in New York, transitioning it to The Unbound Collection by Hyatt. The hotel, formerly The James Hotel NoMad, features redesigned guestrooms, a new lobby bar, and updated event spaces. Highlights include a 2,400 sq. ft. ballroom and Peloton-equipped gym. The Italian restaurant, Scarpetta, and speakeasy lounge, The Seville, remain key attractions.

2 min

Urban Street Development Completes 94-Room Expansion of Hotel Indigo Tallahassee in CollegeTown, Totaling 237 Rooms

🏨 Urban Street Development completed the Stadium Tower expansion at Hotel Indigo Tallahassee – CollegeTown, Florida, before graduation season. The expansion adds 94 guestrooms, including six two-bedroom suites, to the existing 143-room hotel, totaling 237 rooms. The property, located near FSU and Doak Campbell Stadium, now includes 5,500 square feet of retail space and features on-site dining, meeting space, and a fitness center. The hotel is operated by Park Place Hospitality Group under the IHG brand.

2 min

KAYAK Launches Ask AI for Seamless Travel Planning as World Cup Sparks 168% Increase in Flight Searches

🗺 KAYAK, Norwalk, Connecticut—In 2026, KAYAK launched Ask AI, a conversational tool for travel planning, coinciding with the World Cup. The AI allows real-time trip updates and comparisons. Kansas City saw a 168% rise in flight searches. Hotel prices increased by 36% in the U.S., 55% in Canada, and 119% in Mexico. Germany, the UK, and Colombia lead in flight searches to the U.S. during the tournament.

2 min

Gencom and GD Holdings Secure $125 Million Refinancing for 192-Key St. Regis Chicago with Banco Inbursa

📈 Gencom and GD Holdings secured a $125 million refinancing for The St. Regis Chicago from Banco Inbursa. The hotel, acquired in 2023, replaced a $76 million loan from Varde Partners. The five-star property, occupying the first 11 floors of a 101-story development, includes 192 keys, 12,000 square feet of event space, and 21,000 square feet of amenities. Dining venues total 38,000 square feet, featuring Miru and Tre Dita.

1 min

Hilton Reports $383 Million Q1 Net Income, Launches New Brand 'Select by Hilton' with YOTEL Partnership

📈 Hilton Worldwide reported its Q1 2026 results with a net income of $383 million and diluted EPS of $1.66. Adjusted EBITDA reached $901 million. A total of 16,300 rooms were added, with 10,900 net new rooms. RevPAR increased by 3.6% year-over-year. Hilton's development pipeline includes 527,000 rooms. They repurchased 2.7 million shares, returning $860 million to shareholders. Projections for 2026 include a RevPAR increase of 2-3% and a capital return of approximately $3.5 billion.

2 min

Hotel Equities Adds Three Properties to Management Portfolio in Ontario, Florida, and Texas, Expanding North American Presence

🏨 Hotel Equities announced management of three properties: TownePlace Suites by Marriott in Woodstock, Ontario, opened March 26, 2026, near the Toyota plant; Reflections Hotel, Ascend Collection in Kissimmee, Florida, set to open fall 2026 near Walt Disney World; and Courtyard by Marriott Dallas DFW Airport North/Irving in Texas, recently renovated, expanding their Dallas-Fort Worth presence to seven properties. Each location targets corporate and leisure markets.

3 min

Gregory Maliassas Appointed CEO of Driftwood Hospitality Management, Bringing Three Decades of Industry Experience

📄 Gregory Maliassas was appointed CEO of Driftwood Hospitality Management in North Palm Beach, Florida. With 30 years of experience, he previously served at Playa Hotels & Resorts leading 15,000 employees. His past roles include senior positions at Accor Hotels in Central & Eastern Europe. Carlos Rodriguez Jr. and David Buddemeyer of Driftwood Capital praised his appointment, citing opportunities for growth with his leadership. He aims to expand DHM's offerings across the Americas.

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