Swasti Sharma - 10 Minutes News for Hoteliers - Page 4

2 min

PM Hotel Group Takes Over Management of 12-Hotel, 1,533-Room Portfolio in Greater Nashville for Pinnacle Hospitality

🏨 PM Hotel Group assumed management of a 12-hotel, 1,533-room portfolio in Nashville for Pinnacle Hospitality Partners on May 1, 2026. The properties, branded under Hilton, Marriott, and others, are located in Nashville's Opryland and Downtown Stadium districts, plus Goodlettsville, Mt. Juliet, and Brentwood. The management transition started April 1, 2026. PM Hotel Group aims to enhance performance through strategic revenue, sales, and marketing alignment. They operate over 80 hotels in 20 states.

1 min

Mortenson Development Secures Financing for Dual-Brand Marriott Hotel Near Las Vegas Convention Center, Opening 2028

🏨 Mortenson Development (MDI) will begin construction on a dual-brand AC Hotel and Residence Inn by Marriott near the Las Vegas Convention Center on June 15, with completion expected by Summer 2028. The 233,330-square-foot property will feature 397 rooms, including 237 AC Hotel rooms and 160 Residence Inn suites. Designed by PK Architects and Wild Muse Interiors, amenities include meeting spaces, a fitness center, a rooftop pool, and a lounge.

1 min

Remington Hospitality Expands into Caribbean by Managing Aruna Resort & Villas in Ambergris Caye, Belize

🏖 Remington Hospitality, with a focus on the Caribbean and Latin America, has taken over management of Aruna Resort & Villas in Ambergris Caye, Belize, expanding its presence in the region. Located 1.3 miles west of San Pedro, the resort features canal-front and beachfront villas. Akasha Restaurant offers globally inspired dishes with local ingredients. Keith Oltchick highlights plans to enhance operational efficiencies and maximize the property’s growth potential.

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.

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.

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.

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.

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