Swasti Sharma - 10 Minutes News for Hoteliers - Page 5

2 min

Realberry and Proper Hospitality Secure $298 Million for Cal Neva Hotel's Transformation into Lake Tahoe Resort by 2027

🏨 Realberry and Proper Hospitality secured a $298-million financing package for transforming the historic Cal Neva Hotel into Lake Tahoe Proper Resort and Casino, set to open in 2027. Located on Lake Tahoe's northeast shore, the project includes $223 million in C-PACE financing—Nevada’s largest—and a $75 million loan from Bank of California. The resort, first opened in 1926, will feature 197 rooms, multiple dining options, and a casino.

2 min

Peachtree Group Secures $28 Million Loan for 116-Room Homewood Suites by Hilton in Sugar Mountain, N.C.

🏨 Peachtree Group received I-956F approval for developing a 116-room Homewood Suites by Hilton in Sugar Mountain, N.C. The $28-million project is funded through Peachtree's EB-5 investment platform, bringing total EB-5 capitalization to over $177 million. The development is in a Rural and High Unemployment Targeted Employment Area, generating about 538 EB-5 jobs. Positioned near Sugar Mountain Ski Resort, the hotel caters to leisure and business travelers in demand-constrained markets. Peachtree's EB-5 program launched in 2023.

3 min

Kempinski Hotels Acquires Augustine Hotel Prague, Marking First Acquisition in Over 50 Years and Strategic Shift

🏨 Kempinski Hotels acquired Augustine Hotel Prague, its first acquisition since 1970. Located in historic Malá Strana near Prague Castle, the property features 101 guest rooms, 20 suites, specialty restaurants, and a spa. The hotel will operate as a white-label luxury property from April 1, 2026, undergoing refurbishment before rebranding under Kempinski in late 2026. The acquisition aligns with Kempinski's shift to an asset-heavier model and aims to enhance its luxury brand identity.

Wyndham Hotels & Resorts to Open 120-Key Wyndham Grand Goa Vagator in 2029, Expanding in India

🏨 Hotel Library Club Private Limited partners with Wyndham Hotels & Resorts to develop Wyndham Grand Goa Vagator, a luxury hotel with 120 keys, set to open in Q4 2029 in Vagator, North Goa, India. This will be Wyndham's third hotel in Goa. Targeting leisure travelers, MICE demand, and weddings, the hotel will feature dining, fitness, and event facilities. The expansion underscores the region's tourism growth, with Wyndham aiming to enhance its upper-upscale market presence.

2 min

Hyatt Opens First Branded Property in Chattanooga with 123-Room Hotel in City's Southside District

🏨 Caption by Hyatt Chattanooga Downtown opened in March 2026, marking the first Hyatt-branded hotel in Chattanooga, Tennessee. This 123-room hotel, operated by LBA Hospitality and developed by 3H Group Inc., is located in the Southside District. It features amenities like 55-inch HDTVs and Apotheke bath products. Culinary options include Nomia Modern Kitchen, Stratus Rooftop Lounge, and Talk Shop. Developed by local Hiren Desai, the hotel supports community connections and is pet-friendly up to 75 pounds.

2 min

Highline Hospitality Partners Acquires Historic Westin Poinsett in Greenville, Expanding Portfolio to 19 Hotels

🏨 Highline Hospitality Partners acquired the Westin Poinsett in Greenville, S.C., marking their 19th hotel acquisition and third this year. Built in 1925, the 11-story hotel offers 200 guestrooms and 10,000 square feet of meeting space. Highline's portfolio now includes 19 hotels, totaling over 5,200 guestrooms and assets worth $1.6 billion. HEI Hotels & Resorts will manage the property, and renovations are planned to enhance its market position.

Hotel Mockingbird Reopens in Dallas with 296 Rooms After Renovation and Joins Marriott's Tribute Portfolio

🏨 The Hotel Mockingbird opened on March 24 in the Park Cities neighborhood of Dallas after a renovation and rebranding. Acquired by NewcrestImage in October 2024, the 296-room, nine-floor hotel is now part of Marriott’s Tribute Portfolio. Managed by Coury Hospitality, it features two new dining options, Verse Kitchen and Bar and Raven, a speakeasy. The property includes 12,000 square feet of meeting space, enhancing guest satisfaction and profitability. Nearby attractions include Mockingbird Station and Highland Park Village.

Hyatt to Open The Standard, Austin in Spring 2027, Its First U.S. Hotel in Over a Decade

🏨 The Standard is set to open The Standard, Austin, in Spring 2027, marking its first U.S. debut in over a decade. Located in Texas, the hotel will renovate South Congress Hotel under Hyatt Hotels' management, which acquired The Standard in 2024. The project features social wellness experiences, a rooftop pool, and will be developed by Timberline Real Estate Partners with local design by Amar Lalvani and team. The global portfolio includes properties in London, Ibiza, Bangkok, and Brussels.

Marriott Partners with Italy's Lefay to Launch Luxury Wellness Hotel Brand, Tapping into $6.8 Trillion Market

🏨 Marriott International partners with Lefay to expand into luxury wellness. Lefay, founded by Domenico Alcide and Liliana Leali in 2006, currently has two resorts in Italy. The global wellness market reached $6.8 trillion in 2024, projected to hit nearly $10 trillion by 2029. Marriott Bonvoy has 270 million members worldwide. This joint venture follows a trend where smaller brands join larger firms for global reach, as Marriott aims to enhance its luxury offerings through wellness.

3 min

Marriott Partners with Lefay to Launch Luxury Wellness Hotel Brand, Expanding Global Presence in $6.8 Trillion Market

🌍 Marriott International partners with Italy's Leali family to launch a luxury wellness hotel brand. Lefay, founded in 2006, operates resorts in Lago di Garda and Dolomiti, with new sites planned for Tuscany, Southern Italy, and the Swiss Alps. The global wellness market is expected to grow from $6.8 trillion in 2024 to nearly $10 trillion by 2029. Marriott Bonvoy's network of 270 million members will bolster the brand's growth.

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