LODGING Staff - 10 Minutes News for Hoteliers - Page 62

1 min

JLL Secures Five-Year Floating-Rate Loan from Western Alliance Bank for Renaissance Dallas North Hotel Renovation

💸 JLL's Hotels & Hospitality Group secured financing from Western Alliance Bank for the Renaissance Dallas North Hotel in Las Colinas, Dallas, Texas. The hotel features 337 rooms, including 25 suites, and 22,670 square feet of meeting space. 3H Group/Dallas Lodging Associates acquired it in July 2025 and plans renovations. The floating-rate loan has a five-year term. Key figures include a 5,620-square-foot ballroom and three food outlets. JLL's team included Managing Directors Jillian Mariutti and Adrienne Andrews.

1 min

Element North Austin Tech Ridge Opens with 124 Rooms and Suites in Austin's Growing Tech Hub

🏨 Element North Austin Tech Ridge, managed by Concord Hospitality, opened in Austin, Texas, in March 2026. The hotel offers 124 guestrooms and suites, each featuring a microwave, refrigerator, and water filtration system. Most rooms have full kitchens. Amenities include a fitness center, meeting space, and a large outdoor pool. The hotel is near major tech employers, The Domain shopping center, and PopStroke Austin, an entertainment complex with mini golf and more.

Senate Votes to End Partial Government Shutdown, Urging Swift Action from House and President Trump

🏨 Rosanna Maietta, CEO of the American Hotel and Lodging Association, praised the U.S. Senate's decision to end the partial government shutdown in Washington, D.C. The shutdown severely impacted TSA employees who worked without pay, causing long airport security lines and missed flights. The shutdown's end is urged for swift action in the House and President Trump's signature, emphasizing the need for resolution to benefit TSA workers and millions of travelers and businesses.

G6 Hospitality Launches Enterprise-Grade Procurement Platform to Streamline Supply Chain for Motel 6 and Studio 6 Franchisees

💻 G6 Hospitality introduces the G6 Marketplace, a procurement platform for Motel 6 and Studio 6 franchisees in the U.S. and Canada, announced in Dallas, Texas. The platform, developed with StoreHippo, centralizes supply chain operations, improving cost control and operational efficiency. By standardizing procurement, franchisees can access consistent pricing and quality, reducing vendor management complexity. CEO Sonal Sinha emphasizes its role in easing operational burdens through enhanced demand planning, spend visibility, and supplier partnership.

1 min

TPG Hotels & Resorts Completes Renovation of 166-Room voco College Station Aggieland Near Texas A&M University

🏨 TPG Hotels & Resorts completed renovating the 166-room voco College Station Aggieland in College Station, Texas, near Texas A&M University. The hotel, now under the voco brand by IHG, caters to university visitors and event attendees. With over 75,000 Texas A&M students and corporate investments, the location is prime for university-driven lodging. Modernized rooms feature premium amenities, and the hotel includes an outdoor pool, fitness center, meeting spaces, and the Revelry Bistro and Bar.

1 min

Hunter Advisors Brokers Sale of La Posada de Santa Fe Resort to Abo Sada, LLC in New Mexico

🏨 Hunter Advisors announced the sale of La Posada de Santa Fe, a Tribute Portfolio Resort & Spa, in Santa Fe, New Mexico. The property, brokered by Kami Burnette and Brian Embree, was sold by Ashford Hospitality Trust to Abo Sada, LLC. The resort sits on over five acres, features 157 guestrooms, a spa, and 7,700 square feet of meeting space. Located near Santa Fe Plaza, it offers Pueblo-Revival adobe casitas and multiple dining venues.

3 min

Julie Finn Highlights Mentorship Impact and Predicts Greater Diversity and Inclusion in Hospitality Leadership by 2026

📃 Julie Finn, inspired by a hospitality course, graduated in Hotel and Restaurant Management. Mentored by CoralTree's Terri Haack for over 30 years, Finn learned the significance of grace, respect, and discipline. She has worked with five U.S. presidents and global leaders. In 2025, hospitality showed progress in female leadership. For 2026, Finn predicts more women in executive roles, pay equity, and inclusion efforts like gender-neutral restrooms and partnerships with women-owned businesses.

4 min

Tracy L. Prigmore Advocates for Increased Female Leadership and Capital Access in the Hospitality Industry

💰 Tracy L. Prigmore, a former healthcare executive, transitioned into hotel ownership to align her passion for real estate with guest experience. She founded "She Has a Deal" to support women in hospitality. In 2025, the industry saw increased female leadership, but funding remains a barrier. Prigmore's 2026 outlook emphasizes proactive diversity and inclusion efforts, advocating for women to create their opportunities rather than waiting for them.

2 min

Julienne Smith Appointed Head of Americas Growth at Hyatt, Focusing on Expanding Brand Portfolio Across Regions

📈 Julienne Smith was appointed as head of Americas growth for Hyatt Hotels Corporation in Chicago, Illinois. With over 20 years of hospitality experience, she'll lead brand expansion across North America, Latin America, and the Caribbean. Smith will focus on growing Hyatt's Luxury, Lifestyle, Classics, and Essentials brands. Her past roles include chief development officer for the Americas at IHG Hotels & Resorts and nearly 14 years with Hyatt. Javier Águila remains president of the Inclusive Collection.

4 min

Hunter Conference Highlights Cautious Optimism Amid 20-25% Decline in Hotel Valuations and Economic Uncertainty

📈 The 37th annual Hunter Conference took place at the Signia by Hilton Atlanta from March 16-18. Attendance was strong, with industry leaders discussing resilience in hospitality amid uncertainties. Hotel deal activity increased to $25B but remains below historic peaks, with values down 20-25%. New hotel construction is at a decade low, while conversion activity is at a 10-year high. Debt financing is improving, yet equity remains tight. RevPAR growth shows promise for 2026 despite geopolitical and cost risks.

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