LODGING Staff - 10 Minutes News for Hoteliers - Page 12

1 min

CoStar: NYC Among Cities Projected to Open the Most Hotel Rooms in 2026

🏨 New York City and Phoenix are set to lead U.S. markets in hotel room openings by 2026, with 4,852 and 3,650 rooms, respectively. Dallas will follow with 3,558 rooms. In 2025, 749 hotels with 79,116 rooms will open, while 2026 is projected to see 891 hotels with 99,011 rooms. The trend continues in 2027, with 1,688 hotels and 191,926 rooms anticipated. Despite challenges, optimism remains high due to the record number of projects in the pipeline.

3 min

KAYAK Highlights Travel Trends and Emerging Destinations for 2026

🗺 BOSTON, Massachusetts—In 2026, KAYAK's "What the Future (WTF) Report" highlights travel trends influenced by AI, with 41% trusting AI over friends. Key emerging destinations include Cork, Chongqing, and Zakynthos. 69% of Gen Z and 66% of Millennials prefer less-known destinations. Notable trends: 35% of Gen Z and 31% of Millennials favor financing travel, 63% seek natural wonders, and 97% plan event-based travel. Wellness and small-town tourism are on the rise, with 60% prioritizing mental reset.

1 min

Portman Shares Details of Its Hospitality Financing Activity in 2025

🏨 Portman, in 2025, executed over $680 million in hospitality financing, including a $237.5 million refinancing of Hyatt Regency Salt Lake City. The financing strategy included a SASB CMBS loan while retaining an existing CPACE loan. Last summer, Portman acquired the 456-room Westin Cincinnati. Their portfolio spans seven hotels across five markets, with over 3,000 rooms and $1 billion in assets. Portman aims to expand strategically amid increasing consumer spending and demand in the hotel industry.

1 min

CHC Secures Loan to Refinance Comfort Suites & Fairfield Inn in Woodbridge, New Jersey

💸 Cronheim Hotel Capital secured a $13.2M loan for the Comfort Suites and Fairfield Inn & Suites in Woodbridge, NJ. The five-year fixed-rate loan, in the low-6% range, includes 18 months interest-only. Located less than 20 minutes from Newark Airport and 40 minutes from NYC, the area hosts companies like Amazon and Merck. The loan supports converting Comfort Suites to TownePlace Suites and a Property Improvement Plan for Fairfield Inn, balancing construction risk and long-term value.

1 min

Kinseth Hospitality Companies Adds Courtyard by Marriott Middletown to Its Portfolio

🏨 Kinseth Hospitality Companies (KHC) has taken over management of the Courtyard by Marriott Middletown Goshen in Middletown, New York, marking its expansion into a new state. The hotel continues as part of the Courtyard by Marriott brand, offering meeting spaces and access to Hudson Valley attractions. Ben Kinseth views this as a milestone for KHC's growth. The company's strategy emphasizes operational excellence and collaboration.

2 min

Motto by Hilton Nashville Downtown Opens

🏨 Motto by Hilton Nashville Downtown opened in Nashville, Tennessee, featuring 13 stories and 260 rooms, managed by Chartwell Hospitality and owned by Apple Hospitality REIT, Inc. Located in the South of Broadway district, it offers 44 connecting rooms and a variety of room options. The hotel includes amenities like a fitness center and a ground-level coffee shop. Junie's Drink and Graze provides globally inspired small plates and cocktails, celebrating local Tennessee whiskey.

2 min

The Cooper Joins Legend Collection by Preferred Hotels & Resorts

🏨 NEW YORK, January 2026—The Cooper joins Preferred Hotels & Resorts’ Legend Collection. Situated along the Cooper River, the 191-room hotel, including 21 suites, opens March 2026. Guests can enjoy a rooftop infinity-edge pool, a wellness center, and a marina. Dining includes four culinary experiences. Over 20,000 square feet of event space is available. The Cooper offers a luxurious stay with Charleston’s charm, promising a unique waterfront experience as downtown’s only luxury waterfront hotel.

1 min

Access Point Financial Closes Approximately $1.6 Billion in Hotel Financings Throughout 2025

🏨 ATLANTA, Georgia—In 2025, Access Point Financial (APF) closed and invested about $1.6 billion in hotel financings, covering 49 hotel assets, including select-service, extended-stay, and luxury properties. The smallest financing was a $7.1 million SpringHill Suites in Ohio, while the largest was a $195 million refinance of the Beekman Thompson in New York. APF’s portfolio spans 38 states, with hotels primarily affiliated with Marriott, Hilton, IHG, and Hyatt. APF remains a key capital partner for hospitality.

1 min

RobertDouglas Serves as Advisor on Sale of Hyatt Place Page

🏠 RobertDouglas facilitated the sale of Hyatt Place Page in Page, Arizona, for $24.25 million, translating to $238,000 per room. Acquired by a Salt Lake City owner/operator, this 102-key hotel was constructed in 2018, surpassing Hyatt's standards. Managed by Crescent Hotels & Resorts, the property features a restaurant, adventure concierge, and art installations. It serves as a prime lodging option near the Grand Canyon, attracting over 5 million visitors annually.

1 min

HEI Hotels & Resorts Adds Three Properties to Its Portfolio

🏨 Norwalk, Connecticut—HEI Hotels & Resorts adds three properties in The Woodlands, Texas, to its portfolio: The Woodlands Resort, Curio Collection by Hilton, The Westin at The Woodlands, and Embassy Suites The Woodlands at Hughes Landing. These hotels, acquired by Ascendant Capital Partners, offer 909 rooms, 101,500 SF of meeting space, and eight F&B outlets. Built in 2016 and 2015, the properties include pools, fitness centers, and unique amenities like a lazy river.

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