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LODGING Staff

799 posts

Hunter Advisors Sells 233-Room Homewood Suites by Hilton in Chicago's Downtown to High Investor Interest

📍 Hunter Advisors sold the 233-room Homewood Suites by Hilton Chicago-Downtown. Located near the Magnificent Mile, the hotel occupies floors 6-19 of a building. It features 1,784 sq ft of meeting space, a rooftop pool, and a fitness center. The sale was managed by Spencer Davidson and Riana Stadlen. The property promises value through improvement plans and benefits from its prime urban location, amid high demand for quality assets in supply-constrained markets.
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BWH Hotels Opens Aiden Sacramento Downtown, Featuring Local Art and Mid-Century Inspired Design

🏨 BWH Hotels announced the opening of Aiden Sacramento Downtown, located between Downtown and Midtown Sacramento, near the state capital. Managed by Ledgestone Hospitality, this hotel combines mid-century and modern design. Owner Suresh Patel of SJ Hospitality collaborates with Immortal Café to create a community-focused destination. The hotel features a custom mural by local artist John Osgood, part of the “Aiden’s Art Welcomes You In” initiative, celebrating Sacramento’s vibrant community and culture.
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Evolution Hospitality Appoints Matthew Boettcher as Senior VP of Operations to Enhance Lifestyle and Soft-Brand Hotel Performance

🏨 Evolution Hospitality appointed Matthew Boettcher as Senior Vice President, Operations in Plano, Texas. Boettcher has over 25 years in hospitality and previously served as VP and category leader for Marriott International, managing premium brands like Westin and Le Méridien. He will lead operations to enhance property performance, owner returns, and guest experiences. Chris Tatum, President of Aimbridge and Evolution Hospitality, highlighted the importance of his leadership in the fast-growing lifestyle and soft-brand segments.
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IHG Reports 4.4% Increase in Global RevPAR and Opens 82 New Hotels in Q1 2026

🏨 IHG Hotels & Resorts reported Q1 2026 results, showing a 4.4% increase in global RevPAR, with the Americas at 3.6%, EMEAA at 5.6%, and Greater China at 5.7%. Global rooms revenue rose, notably in groups (7%) and business (6%). The gross system size grew 6.6% YOY, with 14,900 rooms opened. IHG also signed 21,400 rooms and completed $240 million of a $950 million share buyback, reducing the share count by 1.1%.
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Red Roof Expands into Canada with First Property Opening in Vancouver, Featuring 160 Rooms and Modern Amenities

🏨 Red Roof is entering the Canadian market, opening its first property, Red Roof PLUS+ Vancouver Airport, in July 2023. Located near Vancouver International Airport, the hotel offers 160 rooms and amenities like a 24-hour business center, fitness facility, hot tub, and indoor pool. Richmond Airport Enterprises Ltd. oversees the conversion from Travelodge Hotel by Wyndham. Red Roof aims to convert more properties in Canada, with Vancouver showing strong hotel performance and high RevPAR.
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Nearly 60% of HAMA Members Expect Hotels to Exceed Budgeted RevPAR in 2026, Survey Reveals

📈 In Spring 2026, the Hospitality Asset Managers Association (HAMA) released its Industry Outlook Survey in Washington, D.C. 86 members participated, with nearly 60% expecting hotels to exceed budgeted RevPAR for the year. About 90% plan renovations, and 70% are pursuing acquisitions. Recession concerns dropped to 16%, down from 37% in Fall 2025. Demand, Iran War, and wage increases are top concerns. Cap Rate trends remain uncertain with mixed expectations on changes.
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  • 1 min

Sonesta Opens Red Lion Inn & Suites Houston IAH Airport with 96 Rooms and Complimentary Shuttle Service

🏨 Sonesta International Hotels Corporation opened the Red Lion Inn & Suites Houston IAH Airport, a 96-room hotel in Houston, Texas. The midscale hotel is strategically located near George Bush Intercontinental Airport, offering guests convenience with a complimentary airport shuttle and free on-site parking. Amenities include a swimming pool, health club, and pet-friendly accommodations. Rooms are equipped with free WiFi, cable TV, mini-fridges, and microwaves, providing easy access to Beltway 8 and the Houston metro area.
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  • 2 min

JLL Arranges $835 Million Sale and $690 Million Financing for JW Marriott Marco Island Resort in Florida

🏖 JLL's Hotels & Hospitality group facilitated the $835 million sale and $690 million financing of the JW Marriott Marco Island Beach Resort, an 809-room property in Southwest Florida. Acquired by Sculptor Real Estate and Trinity Investments, the resort features more than 140,000 square feet of event space, 12 dining venues, and two golf courses. Barings previously owned the resort, completing a $320 million renovation in 2018. Financing was secured through a five-year loan from Wells Fargo and JPMorgan Chase & Co.
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  • 2 min

Duetto Appoints Michael Schäffner as Chief Sales Officer to Lead Global Expansion of Revenue & Profit Operating System

📈 Michael Schäffner has been appointed as chief sales officer (CSO) of Duetto in San Francisco, California. His new role involves driving the global go-to-market strategy and expanding enterprise relationships to support Duetto's Revenue & Profit Operating System (RP-OS). Schäffner focuses on connecting commercial decisions to profit outcomes, emphasizing a shift towards profit optimization. With experience from The Leading Hotels of the World and technology companies like Nor1, Schäffner aims to enhance Duetto's commercial performance.
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  • 5 min

Marriott Reports Q1 2026 Results: RevPAR Up 4.2%, Adjusted EBITDA Reaches $1.398 Billion, Net Rooms Grow 5%

📈 Marriott International, Inc., headquartered in Bethesda, Maryland, reported a global RevPAR increase of 4.2% in Q1 2026, with 4% in the US & Canada and 4.6% internationally. Adjusted net income reached $726 million, while Adjusted EBITDA was $1,398 million. The company added 15,900 net rooms globally, with a pipeline of 4,107 properties and 618,000 rooms. Marriott repurchased 2.1 million shares for $0.7 billion. Total debt stood at $16.5 billion, with $0.5 billion in cash.
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