LODGING Staff

🏨 In 2025, Chicago saw a 22% increase in global hotel transaction volumes from 2023, with the Americas leading at 27% growth. EMEA grew by 4%, while Asia Pacific declined 20%. Hotels accounted for 8% of global commercial real estate investments. 2026 forecasts include a 4.9% rise in global air passenger volumes, with 7.3% in Asia Pacific. Major events like the World Cup will boost demand, with substantial private equity activity expected due to favorable market conditions.

🏨 Gencom acquired The Ritz-Carlton New York, Central Park, a 253-key hotel, expanding its NYC presence. This marks Gencom's third luxury acquisition in NYC within 16 months, following the Thompson Central Park in 2024 and InterContinental New York Times Square in December 2025. Financed by Banco Inbursa, this is Gencom's 11th Ritz-Carlton project. Situated at Central Park South and Sixth Avenue, the hotel offers luxurious amenities, including Contour lounge, the Ritz-Carlton Club Lounge, and La Prairie Spa.

🏨 Kabani Hotel Group sold Delta Hotels by Marriott West Palm Beach, a 199-room property, in Miami, Florida. The transaction was completed off-market by Suraj Dalal and Ahmed Kabani in 2026. The buyer, Palm Holdings, a Canadian group, purchased it all-cash. Initially a Holiday Inn, the hotel was renovated and rebranded to Delta Hotels by Marriott without closing, remaining operational. Florida remains a top U.S. destination, driving international demand for its hotels.

💸 GARDINER, Montana—Marcus & Millichap announced the sale of Super 8 by Wyndham Gardiner/Yellowstone Park Area, a 66-room hotel. Buyer Raj Patel, procured by Jay Arora, secured $9,120,000 financing with a 10-year, 5.9% interest loan. The property, built in 1987, includes eight staff apartments and a leased retail space. The sale strengthens the buyer's regional presence, capitalizing on the resilience of Gardiner's market due to strong visitor growth at Yellowstone National Park.