Swasti Sharma - 10 Minutes News for Hoteliers - Page 21

2 min

Henderson Park and Pyramid Global Acquire Hyatt Regency Grand Reserve in Puerto Rico for First Island Investment

🏝️ Henderson Park and Pyramid Global Hospitality acquired the Hyatt Regency Grand Reserve in Río Grande, Puerto Rico. This marks their first investment in Puerto Rico, adding to Henderson Park's $5 billion hotel portfolio with over 12,000 keys. The resort features 579 guestrooms, four pools, 37,000 sq. ft. of event space, and a 27-hole golf course. Targeted capital investments are planned. The partnership also manages properties like Arizona Biltmore and Naples Grande Beach Resort.

2 min

Hilton Launches Undergraduate by Hilton Brand, Targeting 400-500 Hotels in College Markets by 2027

🏨 Hilton launches "Undergraduate by Hilton," an upper-midscale hotel brand aimed at college towns, targeting students, families, and travelers. The first hotel opens in 2027, with a goal of 400-500 properties. Designed with social spaces, each hotel offers library-inspired lounges and barista-led markets. Hilton plans to expand its Lifestyle portfolio to 700 hotels globally by 2028. Hilton Honors members, over 250 million, can earn and redeem points at these new properties.

2 min

Ruby Hotels to Open First New York City Property in 2027, Marking Second U.S. Signing This Year

📍 Ruby Hotels will launch its first New York City location in a renovated 18-story building on Avenue of the Americas, opening in 2027. The hotel will feature 187 rooms and a 24/7 lobby bar, managed by Aimbridge Hospitality and owned by AC Developers. Founded in Germany in 2013, Ruby Hotels is expanding, with plans for over 120 global hotels in the next decade. Part of IHG, Ruby also prepares for a Chicago launch in 2027.

Nautilus Sonesta Miami Beach to Reopen as The James Nautilus Miami Beach in Late 2026 After $40 Million Renovation

🏖 The James Nautilus Miami Beach, the first under The James Hotels brand by Sonesta International Hotels, will reopen in late 2026 after a $40 million renovation. Located on Collins Avenue, the 250-room hotel pays homage to the original 1950s-design by Morris Lapidus. Carlos Garcia highlights it as a key cultural spot. Featuring three dining outlets by LDV Hospitality, including Mediterranean cuisine and omakase, it promises an intimate Miami Beach experience focusing on culture and art.

1 min

Sixth Street Acquires Park Hyatt Beaver Creek Resort & Spa for $176 Million in Partnership with Riller Capital

🏖 Sixth Street and Riller Capital acquired the Park Hyatt Beaver Creek Resort & Spa from Braemar Hotels & Resorts for $176 million. Located in Beaver Creek Village, the 193-key luxury resort offers ski-in/ski-out access and was renovated in 2025. It includes a spa, fitness center, outdoor pool, and 50,000 sq ft of event space. The acquisition was advised by Latham & Watkins and CBRE, with financing from Starwood Property Trust.

1 min

Mast Capital Sells Solé Miami Resort in Sunny Isles Beach to Undisclosed Buyer; Sale Price Not Disclosed

🏖 In 2021, Mast Capital acquired Solé Miami, a Noble House Resort, in Sunny Isles Beach, Florida. The property was sold recently to an undisclosed buyer, featuring amenities like an oceanside pool, private beach club, and 6,500 sq ft of event space. Greater Miami received 28.2 million visitors in 2024, boosting the hospitality sector. This sale highlights investor confidence in South Florida’s dynamic growth markets, supported by tourism and corporate relocations.

Hutton Hotel Joins Tribute Portfolio After $40 Million Renovation, Now Part of Marriott Bonvoy Program

🏨 Hutton Hotel, Nashville, joins Marriott's Tribute Portfolio and Marriott Bonvoy loyalty program following a $40-million renovation. The 246-room hotel added Mimi’s Bar, a new spa, and revamped dining at Evelyn’s. Marriott Bonvoy members receive a $100 experience credit and 5,000 bonus points with the Soundcheck at Hutton offer. Michael Fishbin, The Georgetown Company's hospitality head, and Marriott VP Kyle Gagne emphasize Hutton's cultural significance and alignment with Tribute Portfolio’s values.

Accor Reaches Milestone with Over 150 Franchise Hotels in Australia and New Zealand Amid Pacific Growth Strategy

🏨 Accor reached a milestone with over 150 franchise hotels in Australia and New Zealand, highlighted at the Accor Pacific Franchise Conference in Sydney, attended by 270+ stakeholders. The Pacific is a key growth market for Accor's franchise model, which allows hotel owners to maintain individuality while benefiting from Accor's resources. Accor operates 420+ hotels in the Pacific under brands like Sofitel and Novotel, with strong demand from independent operators for conversion opportunities.

2 min

IHG Signs First Vignette Collection Hotel in London at Canary Wharf, Opening Summer 2026 with 142 Rooms

🏨 IHG Hotels & Resorts will open Canary Riverside Plaza, Vignette Collection in London’s Canary Wharf in summer 2026, marking its first Vignette Collection in London and second in the UK. The 142-room hotel will include a restaurant, bar, and event space for 200. Collaborating with Yianis Group, this project highlights IHG's expanding Luxury & Lifestyle portfolio. Vignette Collection, launched in 2021, boasts 34 open properties and 45 in development. IHG leads the UK market with 384 hotels.

2 min

IHG Signs First Vignette Collection Hotel in London at Canary Wharf, Opening Summer 2026

🏨 IHG Hotels & Resorts has signed the Canary Riverside Plaza, Vignette Collection by IHG, as its first property in London, opening in summer 2026. Located in Canary Wharf, the 142-room hotel will feature rooms with views of the River Thames, a restaurant, and event space for 200 guests. Partnering with Yianis Group, IHG continues its U.K. expansion with 384 hotels operating and 28 in development. Vignette Collection, launched in 2021, has 34 properties open worldwide and 45 in the pipeline.

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