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Swasti Sharma

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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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My Place Hotels and Lloyd Companies to Develop 10 Extended-Stay Properties in Midwest Over Next Five Years

🏨 My Place Hotels of America plans to develop 10 new hotel franchises with Lloyd Companies in the Midwest over five years, focusing initially on Missouri and Ohio. Construction on the first hotel will begin this year, with openings starting in early 2027. Two hotels will open annually. Extended-stay brands now represent over a third of U.S. hotel projects under construction, highlighting the strategic importance of this agreement.
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My Place Hotels of America Partners with Lloyd Companies to Develop 10 New Hotels in Midwest by 2028

🏨 My Place Hotels partners with Lloyd Companies to develop 10 hotels across the Midwest in five years, starting with Missouri and Ohio. Construction begins in late 2023, with two properties opening annually, the first in early 2027. Extended-stay hotels currently represent over a third of U.S. hotel projects. This agreement follows previous deals with TGC Group and Opwest, reflecting the growing interest in extended-stay options. Lloyd Hospitality Group will manage the hotels, diversifying their portfolio.
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Portman Hospitality Fund Acquires 1,073-Key Westin Peachtree Plaza, Plans Renovation Before Super Bowl 2028

🏨 Portman Hospitality Fund I acquired the 1,073-key Westin Peachtree Plaza, Atlanta, from Marriott. Built in 1976 by founder John C. Portman, Jr., it was the tallest hotel globally. Portman plans renovations before Super Bowl LXII in 2028. The acquisition follows the purchase of the 456-key Westin Cincinnati. Portman's hospitality portfolio now includes eight hotels, over 4,000 rooms, and $1.5 billion in assets across the U.S., with $20 billion in capital deployed since inception.
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U.S. Hotel Profitability Rises in Q1 2026 with RevPAR Up 8.7% and Profit Margins Reaching 41.8%

🏨 U.S. hotels in Q1 2026 saw a 6.0% rise in average daily rate to $202.63 and an 8.7% increase in RevPAR to $129.46. TrevPAR rose 9.4% to $174.83, with occupancy up to 64.3%. Luxury hotels excelled, boosting TrevPAR and GOP margin, while economy hotels cut costs. Despite healthy Q1 performance, a 1.6% ADR increase is forecasted for the rest of 2026, with RevPAR and TrevPAR expected to decline 1.3% and 2.6%, respectively.
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Global Hotel Alliance Expands by Adding Four Independent Brands, 22 Properties to GHA DISCOVERY Program

🏨 Global Hotel Alliance (GHA) added four independent hotel brands to its portfolio in 2023, introducing 22 properties to the GHA DISCOVERY loyalty program. New members include Almanac Hotels, Regal Hotels International, STORY Hotels & Resorts, and TemptingPlaces Collection, expanding GHA’s reach in Europe, the Middle East, and Asia. GHA now enters cities like Zagreb, Croatia and Rabat, Morocco, catering to over 35 million GHA DISCOVERY members. Existing GHA brands added 14 hotels globally since January.
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Hilton Announces 252-Unit Almare Beach Resort in Las Terrenas, Dominican Republic, Opening in 2028

🏖 Hilton, in partnership with DACC Investment Blu SRL, is set to open the 252-unit Almare Beach Resort Las Terrenas, Curio Collection by Hilton in 2028, on the Samaná Peninsula, Dominican Republic. The resort will feature 90 hotel rooms, 162 residential units, private plunge pools, and amenities like a beach club, four pools, and a spa. This expansion is part of Hilton's strategy to grow in the Caribbean and Latin America, where it has over 300 hotels.
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Department of the Air Force Awards 50-Year On-Base Lodging Contract to Centinel and IHG Across U.S. Installations

🚀 The Department of the Air Force has partnered with Centinel Public Partnerships LLC and IHG Hotels & Resorts for a 50-year project to manage on-base lodging across U.S. Air Force installations, starting fall 2027. Centinel oversees ownership and development, while IHG manages hotel operations, beginning with 23 U.S. installations. Since 2009, they’ve collaborated on the Army Lodging program, overseeing over 70 hotels and 12,000 rooms across 40 installations.
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Accor to Open The Sebel Sydney Parramatta in August 2026 with 51 Extended-Stay Suites in Growing Region

🏨 Opening in August 2026, The Sebel Sydney Parramatta will feature 51 residential-style suites on Victoria Road, Parramatta. Managed by Accor and developed by Nirskam Group, amenities include Italian dining, a rooftop bar, and a 24-hour fitness center. Parramatta's economy, valued at AUD 28.86 billion, supports around 178,000 jobs. Expected population growth to over 500,000 by 2050 highlights the city as a booming cultural and business hub, with significant projects underway.
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Mandarin Oriental to Unveil 35 Ultra-Luxury Residences at Emirates Palace, Abu Dhabi by 2029

🏡 Mandarin Oriental plans to launch 35 ultra-luxury residences within Abu Dhabi's Emirates Palace by 2029. The project, developed by Emirates Palace Company and LEAD Development, will offer bespoke residential services and amenities like a private lounge, beach club, and golf simulator. Positioned on Abu Dhabi's coastline, the design draws from local heritage. This venture strengthens Abu Dhabi's real estate market and reinforces its status as a hub of urban innovation.
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