LODGING Staff - 10 Minutes News for Hoteliers - Page 68

1 min

Arriba Capital Closes Hotel Construction Loan For The Scoundrel

🏨 Arriba Capital recently secured a $40 million construction loan to develop The Scoundrel, a 128-key Marriott Tribute Portfolio Hotel in downtown Gatlinburg. This area serves as a gateway to the Great Smoky Mountains National Park, attracting over three million visitors annually. The borrower is an experienced, privately held hospitality management and development group located in Gatlinburg, with multiple finance collaborations with Arriba Capital.

2 min

Thomas Financial Group Closes Loan to Reposition Two Hotels

💵 In Grass Valley and Nevada City, CA, subsidiaries of Community Bankshares Inc. secured a $13.9M bridge loan, transitioning to a $14.3M USDA loan. This supports the acquisition and operations of The National Exchange Hotel and The Holbrooke Hotel. The loan preserves 128 jobs, fosters economic growth, and was closed in 35 days. The historic hotels, renovated in 2020, feature 66 rooms and generate 60% of revenue from dining. Operations are managed by Acme Hospitality and Horizon Hotel Group.

1 min

RMS Debuts New Brand Identity

💻 RMS debuted a new brand identity in Melbourne, focusing on enhancing service connections for sustainable growth. CEO Adam Seskis emphasized their commitment to creating memorable experiences through intuitive technology and seamless operations. The rebrand highlights frictionless check-ins, efficient operations, and the unification of technology and hospitality. RMS aims to transition operators from manual to modern systems, maintaining values of collaboration, innovation, and customer success for diverse lodging sectors.

2 min

74 IHG Army Hotels Implement Quore’s Cleanings Plus Solution

💼 Quore's Cleanings Plus is being implemented at 74 IHG Army Hotels across 40 Army posts in the U.S. and Puerto Rico, managing 12,190 guestrooms. This collaboration began in 2019, driven by Quore’s user-friendly platform. Operators noted improved real-time communication via iPads, desktops, and phones, even allowing a cost-saving cancellation of radio contracts. Each location has a Quore Champion for ongoing support, ensuring efficient operations supporting soldiers, families, and guests.

2 min

Graduate by Hilton Makes Texas Debut

🏨 Graduate by Hilton opened its first Texas hotel in Dallas's Highland Park, adjacent to Southern Methodist University, featuring 93 rooms. The hotel combines mid-century modern and Texas ranch-style designs, and includes a lobby lounge, outdoor pool, event spaces, and Los Charros Tex-Mex Smokehouse. Spearheaded by AJ Capital Partners, the hotel is a restored version of the former Lumen Hotel. This marks the beginning of Graduate’s Texas expansion, with another property planned in Austin.

1 min

Mesa West Capital Provides Loan to Refinance Burton House Beverly Hills

🏨 Mesa West Capital has provided $55 million in first mortgage debt for the refinancing of the Burton House Beverly Hills, a 186-room hotel in West Los Angeles. The five-year, nonrecourse loan supports the hotel's recent $13.7 million renovation, which included redesigns and new amenities. Located at Beverly Hills' southern gateway, the hotel is positioned to improve its market standing and performance as part of the Tribute Portfolio Hotels & Resorts brand.

2 min

Wyndham and Ovolo Group Announce Partnership

📍 Wyndham Hotels & Resorts and Ovolo Group are partnering to integrate five Ovolo hotels into Wyndham's brand by fall 2025. This includes over 450 rooms in Sydney, Brisbane, Canberra, Melbourne, and Hong Kong. Ovolo Central (41 rooms) in Hong Kong, Ovolo Nishi (85 rooms) in Canberra, Ovolo South Yarra (123 rooms) in Melbourne, Ovolo The Valley (103 rooms) in Brisbane, and Ovolo Woolloomooloo (100 rooms) in Sydney will join Wyndham's portfolio and reward program.

2 min

Embassy Suites by Hilton Gulf Shores Beach Resort Opens

🏨 Embassy Suites Gulf Shores Beach Resort opened in Gulf Shores, Alabama, features 257 suites, most with Gulf views. Developed by Peachtree Group, Woodbine Development Corporation, and DD Partners LLC, this eight-story hotel offers amenities like a 7,800-square-foot ballroom, 13,620 square feet of meeting space, and a three-story parking garage. Guests can enjoy Sound Wave’s live music, The Cove Bar, and Tide & Table restaurant. Located near attractions like Gulf State Park and Hangout Music Festival.

1 min

Sonesta Executes 31 Franchise Agreements During H1 2025

📈 Sonesta International Hotels announced 31 new franchise agreements in the first half of 2025, demonstrating significant global expansion. Ten new hotels opened, adding nearly 1,000 rooms to their portfolio. These openings include the Sonesta Essential Baton Rouge, Red Lion Hotel Charlotte, and Signature Inn Miami, among others. The growth highlights Sonesta’s strategic brand offerings and ability to meet market demands across diverse locations, including Louisiana, California, and Florida.

3 min

Lodging Econometrics: Dallas Leads U.S. Hotel Construction With Record-High Pipeline

🏨 Dallas leads the U.S. hotel construction pipeline at Q2 2025, with 199 projects and 24,497 rooms, followed by Atlanta, Nashville, Austin, and Phoenix. Austin showed a 10% YOY project growth. U.S. totaled 1,956 renovation projects (259,495 rooms). In the first half of 2025, 329 hotels (39,628 rooms) opened, with 406 more expected by year-end. Forecasts for 2026 and 2027 highlight Phoenix and Dallas as leaders with 27 and 35 new hotels, respectively.

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