LODGING Staff - 10 Minutes News for Hoteliers - Page 68

1 min

Marcus & Millichap Sells 122-Room Comfort Suites in Cary, NC for Over 4.5 Times Revenue

📍 Marcus & Millichap sold a 122-room Comfort Suites in Cary, North Carolina, to a local developer planning to convert it into an extended-stay Hilton asset. The sale exceeded 4.5 times revenue pre-PIP with a cap rate below 8%. Built in 1999 and renovated in 2019, the hotel is close to Interstate 40 and five miles from Raleigh-Durham International Airport. Amenities include a heated pool, fitness center, and meeting space. Nearby are SAS Institute, Epic Games, and major universities.

2 min

Peachtree Group Issues $103 Million Bridge Loan for Hilton Miami Beach Convention Center Hotel Redevelopment

💰 Peachtree Group, in Atlanta, Georgia, originated a $103 million bridge loan for the Hilton Miami Beach Convention Center Hotel. The 289-key redevelopment project, located in Miami Beach, Florida, is on the historic Collins Park Hotel site. The site, originally built between 1938-1953, is recognized by the Miami Beach Historic Preservation Board. The hotel is expected to open in May 2026, near the Miami Beach Convention Center and the ocean.

Enseo Unveils New Brand Identity, Expands Focus on Modern Guest Experiences and Hotel Performance Optimization

📶 Enseo, based in Plano, Texas, has provided in-room entertainment and connectivity technology for over 26 years. Recently, they unveiled a renewed strategic focus and brand identity to enhance guest experiences and property performance. CEO Brian Gurley and President David Goldstone emphasize personalized service, seamless connectivity, and operational clarity. Enseo's updated platform offers managed WiFi, hotel marketing, and safety devices, aiming for long-term growth and innovation for hotel partners.

Hyatt Plans to Expand Essentials Portfolio with Over 30 New Hotels in the Southeastern U.S., Adding 4,000 Rooms

📍 Hyatt Hotels Corporation plans to expand its Essentials portfolio with over 30 new hotels, totaling approximately 4,000 rooms, across the Southeastern U.S., focusing on Florida, Georgia, South Carolina, and Alabama. The expansion includes Hyatt Studios, Hyatt Select, Hyatt Place, and Hyatt House brands. Notable locations include Orlando, Sarasota, and Tallahassee in Florida, and Macon in Georgia. This growth aims to capture increased demand driven by population growth and corporate travel in the region.

2 min

Red Roof Achieves 35% Increase in Hotel Executions and 65% Growth in App Revenue in 2025

🏨 In 2025, Red Roof saw significant growth with a 2% market share increase for The Red Collection and 1.1% for Red Roof Inn. A new app boosted revenue by over 65%. The brand plans to add 3,500 rooms, with new hotel executions up 35% from 2024. Over 700 properties now feature In Stay SMS texting, and FreedomPay enhances payment systems. The Purpose With Heart program achieved a 210% increase in e-learning participation for cultural competency.

2 min

GF Hotels & Resorts Nearly Triples Portfolio Under Lisa Drake's Leadership, Fostering Long-Term Growth and Inclusion

🏨 Lisa Drake, currently with GF Hotels & Resorts, shares insights from her hospitality career. Since her start as a sales coordinator at a large resort, she has played a significant role in tripling GF Hotels & Resorts' portfolio. In 2025, the lodging industry showed promising progress in placing women in leadership roles, a trend Drake hopes continues into 2026 and beyond. She emphasizes maintaining momentum in diversity and inclusion efforts within the hospitality industry.

1 min

Extended Stay America Premier Suites Reaches 60 Hotels, Aiming for 100 by 2030 in Midscale Market Expansion

🏨 In 2021, Extended Stay America launched Premier Suites, the fastest-growing midscale extended stay brand, reaching nearly 60 hotels by 2023. Designed for modern extended-stay needs, these hotels feature kitchens, breakfast, fitness centers, laundry, and workspaces. The brand aims for 100 sites by 2030, driven by strong demand and owner confidence. CEO Greg Juceam highlights Premier Suites' role in addressing midscale extended stay opportunities, reflecting the company's 30-year legacy in the segment.

2 min

Marriott to Convert The Resort at Kapalua Bay into St. Regis Property, Expanding Luxury Portfolio in Hawaii

🏖 Marriott International has signed an agreement to manage The Resort at Kapalua Bay, an oceanfront luxury resort on Maui's northwest coast, in partnership with Kemmons Wilson Hospitality Partners. Scheduled to join the St. Regis Hotels & Resorts portfolio in 2027, the resort spans 25 acres and features 146 ocean-view residences. Guests enjoy a 40,000 square foot spa, 3,415 square feet of indoor meeting space, and 30,210 square feet of outdoor event space. Marriott plans to enhance its luxury offerings in Hawaii with 30 open properties and six in development.

2 min

CooperWynn Capital Secures $30.6 Million for Restoration of West Texas Big Bend Historic Hotel Portfolio

🏨 CooperWynn Capital closed a $30.6 million capitalization with Four Yucca, LLC, and Byways Hospitality for the restoration of the West Texas Big Bend Historic Hotel Portfolio, featuring 79 rooms across three hotels: Holland Hotel, Hotel Limpia, and Maverick Inn. The financing utilized Historic Tax Credits, a USDA B&I loan, and PACE financing. Restoration includes a lobby bar, ballroom, and guestrooms at Holland Hotel. The project succeeded despite challenges during a government shutdown.

2 min

The Curtis, a DoubleTree by Hilton, Completes Multimillion-Dollar Renovation of All 13 Themed Floors in Denver

🏨 Denver, Colorado—The Curtis, a DoubleTree by Hilton hotel, completed a multimillion-dollar renovation, updating all 13 themed floors and suites with new designs curated by NINE dot ARTS. Guests enjoy interactive elements, smart TVs in Hilton Connected Rooms, and upgraded WiFi. The hotel features over 30,000 square feet of revamped meeting spaces and Denver’s largest outdoor hotel meeting space. Lizzie Raudenbush, the general manager, led this transformation, emphasizing a playful guest experience.

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