Swasti Sharma

🏨 Crescent Hotels & Resorts expanded its portfolio by adding the Kimpton Hotel Monaco Baltimore Inner Harbor, located in downtown Baltimore, to its collection. The 202-room hotel, housed in the historic 1906 Beaux-Arts B&O Railroad Headquarters, finished a comprehensive renovation in 2025. With new Double King rooms and modern amenities, it preserves original features like marble staircases and Tiffany-stained glass windows. Crescent's portfolio now includes 120 properties across the U.S. and Canada.

🏨 Remington Hospitality acquires Sheraton Indianapolis City Centre, a 378-room hotel on Monument Circle, Indianapolis, for third-party management. The hotel will undergo renovations to join Marriott’s Renaissance brand, featuring new guestrooms, meeting spaces, and a rooftop pool. Despite ongoing renovations, the hotel remains operational. Partnering with Keystone Group, Remington aims to enhance guest experiences and asset performance. This move underscores Remington's strategy of collaborating with owners on property enhancement projects.

🏨 RLJ Lodging Trust is set to open The Atterbury, Autograph Collection, a 300-room hotel in downtown Pittsburgh, in summer 2026. The hotel will transform the historic 1906 Fulton Building, designed by Grosvenor Atterbury. Located near the Allegheny Riverfront and Market Square, it will feature interiors by Christine Shanahan, integrating original architecture with modern design. Highlights include an art program and dining at The Drafting Room, offering American cuisine and Pennsylvania beverages.

🏖️ Wheelock Street Capital acquired The Cavalier Resort in Virginia Beach, Virginia, partnering with HEI Hotels & Resorts. The resort features three properties: The Cavalier Hotel (built in 1927, renovated in 2018), Marriott Virginia Beach Oceanfront Resort (opened 2020), and Embassy Suites Virginia Beach Oceanfront Resort (opened 2023). Covering 15 acres, it includes 547 rooms, nine restaurants, a beach club, six pools, and a spa. Gold Key invested $85 million in restoring the Historic Cavalier.

🏝️ Wheelock Street Capital and HEI Hotels & Resorts have acquired The Cavalier Resort in Virginia Beach. The resort spans over 15 beachfront acres and includes three properties: The Cavalier Hotel (85 rooms, built in 1927, renovated in 2018), Marriott Virginia Beach Oceanfront Resort (305 rooms, opened in 2020), and Embassy Suites (157 rooms, opened in 2023). Developed by Gold Key, the project began with an $85 million restoration. Amenities include nine restaurants and six pools.

🏨 EOS Hospitality has added The Press Hotel, Autograph Collection, in Portland, Maine, to its portfolio, which now includes over 60 hotels in the U.S. The Press Hotel, located in the historic Old Port district, is EOS Hospitality’s 15th property in New England. Originally built in 1923, it was once the Portland Press Herald's office. The acquisition strengthens EOS's presence in leisure markets and its relationship with Marriott.

🏨 Sheraton Philadelphia University City Hotel completed a $60+ million renovation with University of Pennsylvania funding. 🏨 Renovation by Gensler transformed all 332 guest rooms and added a library-inspired lobby, meeting pods, and a multi-use outdoor terrace. 📍 Located near University of Pennsylvania and Children’s Hospital of Philadelphia, the hotel offers over 11,000 square feet for events. The signature &More Café serves guests and locals with coffee, light fare, and cocktails. 📊