LODGING Staff - 10 Minutes News for Hoteliers - Page 37

1 min

Sonnenblick-Eichner Company Secures $26 Million Loan to Refinance Residence Inn by Marriott in Walnut Creek, CA

💸 Sonnenblick-Eichner Company secured a $26 million, five-year, interest-only, non-recourse loan to refinance the Residence Inn by Marriott in Walnut Creek, California. This six-story hotel features 160 rooms, 870 square feet of meeting space, and is located near the Walnut Creek BART station. The financing, backed by a Wall Street bank, reflects the Northern California hospitality market's recovery, offering a more favorable rate than previous floating rate debt.

2 min

2026 FIFA World Cup Expected to Boost U.S. Economy With International Visitors Spending Over $5,000 Each

⚽ WASHINGTON—In 2026, the FIFA World Cup could yield immense economic benefits in the U.S., with visitors projected to spend over $5,000 each—1.7 times more than typical trips. Around 33% of visitors plan to stay over two weeks, exploring beyond major cities. Despite a $600 million security investment, safety and policy concerns persist, including increased visa fees and social media requirements affecting 34% and 32% of potential visitors, respectively. Soccer fans from 10 markets were surveyed.

1 min

DoveHill Acquires Mayflower Inn & Spa, Auberge Collection, Plans Enhancements While Auberge Continues Management

🏨 DoveHill acquired the Mayflower Inn & Spa in Washington, Connecticut, located in Litchfield County, 90 minutes from New York City. DoveHill plans enhancements to the property while Auberge Collection continues management. CEO Jake Wurzak praised the inn's legacy and uniqueness. CIO Charles Paloux emphasized its ultra-luxury status and strong ROI potential, highlighting its appeal as a nearby escape post-COVID.

2 min

AAHOA Partners with Folio to Launch Updated Marketplace Platform Enhancing Procurement and Payment for Members

🤝 In August 2025, the Asian American Hotel Owners Association (AAHOA) in Durham, North Carolina, announced Folio as the official technology platform for the AAHOA Marketplace. Folio will launch an updated platform later this year, improving purchasing and bill payment for members. Key features include mobile optimization, rewards, and smarter accounting. AAHOA leaders, including Chairman Kamalesh Patel, emphasized the collaboration's benefits for members, offering them tools typically reserved for larger hotel groups. The Marketplace will remain free for members.

1 min

MotorCity Casino Hotel Initiates $65 Million ELEVATE THE ESCAPE Project for Property-Wide Guest Experience Enhancements

🏠 MotorCity Casino Hotel in Detroit, Michigan, is investing $65 million in a multi-year initiative, "ELEVATE THE ESCAPE," to enhance guest experiences. Renovations include 400 hotel rooms and the Conference Center, plus new dining options like The Wagner bar and café. Casino improvements feature refreshed entrances, lighting, and Club Metro upgrades. Recent additions are a new smoking slot area and a VIP FanDuel Sportsbook lounge. This transformation aims to provide vibrant and exciting guest experiences.

2 min

Coury Hospitality Appointed by Skyline Investments to Manage Hotel Cleveland, its 13th Autograph Collection Property

🏨 Coury Hospitality, appointed by Skyline Investments, is managing Hotel Cleveland, Autograph Collection in downtown Cleveland, Ohio. Originally opened in 1918, the hotel is the second-largest in the Autograph Collection with nearly 500 rooms and 65,000 square feet of event space. A $90 million renovation was completed, and the hotel reopened in 2024. Coury Hospitality is expanding its portfolio with four more hotels, including Hotel Vin in Grapevine, Texas, and Hotel Vin Rogers in Arkansas.

2 min

Hyatt Announces The Standard, Austin's Spring 2027 Opening as First U.S. Location in Over a Decade

🏠 The Standard brand will debut in Austin, Texas, with The Standard, Austin, opening in Spring 2027. The South Congress Hotel will close for renovations in Summer 2026. This collaboration involves Hyatt, Timberline Real Estate Partners, and local architect Michael Hsu. The hotel will feature social wellness experiences, a rooftop pool, and dining options. Interior design is by Goodrich Design and The Standard's in-house team. Hyatt’s Bunkhouse brand team supports the project.

1 min

Virginia Guesthouse Hotel & Conference Center Opens Near University of Virginia with 214 Rooms and 25,000 Sq Ft Meeting Space

🏨 Charlottesville, Virginia, April 2026: Virginia Guesthouse Hotel & Conference Center opened near the University of Virginia’s Ivy Corridor. The hotel features 214 rooms and 25,000 square feet of meeting facilities. Managed by Pyramid Global Hospitality, it includes a UVA Welcome Center offering guided tours and resources. The hotel offers cultural programming aligned with UVA schedules and three dining options. It aims to foster community engagement and support university life.

2 min

Red Roof Expands Ownership Program, Adding Over 40 Women and Underserved Market Representatives Since July 2023

🏨 Red Roof's RIDE initiative, launched nearly three years ago, has added over 40 women and representatives from underserved markets to its ownership community as of July 2023. By 2025, six new "Riders" joined, learning hotel ownership fundamentals. Red Roof, partnering with Bridge, offers access to 150+ lenders. Leadership, including Lina Patel and Jaya Desai, emphasizes expanding ownership opportunities, aiming for multiunit ownership and generational wealth. Desai opened a second property in Huntsville in 2025.

2 min

The Vanderbilt, Auberge Collection in Newport Unveils Renovated 1,280 Sq Ft Vanderbilt Room for Events and Gatherings

🏨 In Newport, Rhode Island, The Vanderbilt, Auberge Collection, a 33-room resort, completes a significant renovation of the Vanderbilt Room. Led by SWOON and Herkworks Architecture, the project integrates historical elements and modern design, using jewel tones and reclaimed wood. The 1,280 square-foot room accommodates 50 for dinners, 100 for receptions, and 60 for weddings, supporting various events. The renovation pays homage to Alfred Gwynne Vanderbilt, blending Newport's colonial and Gilded Age influences.

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