Hotel Openings - 10 Minutes News for Hoteliers - Page 18

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EOS Hospitality Adds The Press Hotel in Portland, Maine to Its Over 60-Property Management Portfolio

📰 EOS Hospitality has added The Press Hotel, Autograph Collection, in Portland, Maine, to its portfolio, expanding to over 60 properties nationwide. This marks EOS's 15th property in New England. Originally built in 1923, the hotel was home to the Portland Press Herald. Now, it honors its journalistic roots with vintage typewriters and newsroom-inspired designs. CEO Simon Mais emphasizes the importance of preserving the hotel's unique character while enhancing guest experiences.

1 min

Lodgco Hospitality to Convert Two Florida Properties into Ascend Collection Hotels by July 2026

🌊 Lodgco Hospitality will convert Ameniti Bay and Magnolia Pointe in Florida into Caretta Bay Sarasota and Coral Pointe Sarasota by July 1, 2026. The transformation aligns with the Ascend Collection by Choice Hotels. The names highlight the local marine environment, drawing on the loggerhead sea turtle (Caretta caretta) and regional coastal identity. General Manager Ashleigh Gonzalez will continue leading operations, aiming for enhanced visibility and guest satisfaction, supported by their partnership with Mote Marine.

3 min

Portman Secures $540 Million Financing for 700-Room Cincinnati Downtown Marriott, Groundbreaking Set for July 21

🏨 On July 21, in Cincinnati, Ohio, Portman, with local and state partners, will break ground on the Cincinnati Downtown Marriott. The $540 million project, featuring 700 rooms and 60,000 sq. ft. of meeting space, is supported by $249 million public funds, including a $50 million state grant. Aimbridge Hospitality manages, with financing from Bank OZK and others. Public-private partnerships are key to this urban transformation aimed at boosting local economic growth.

1 min

Eagle Bar Completes Dual-Terrace Concept at London's Rosewood with Upper West Terrace Opening

🏨 Eagle Bar has completed its dual-terrace concept at The Chancery Rosewood in London, with the opening of a second space on the hotel’s seventh floor. The Mayfair site launched in September 2025. The venue now includes Upper East and Upper West terraces, with a 200+ person capacity. Upper West focuses on aperitifs and overlooks Hyde Park, while Upper East offers late-night music and views of Grosvenor Square. Upper West opens at 3 pm, Upper East at 5 pm.

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Elysium Collection to Open First 56-Bedroom Hotel in Cornwall Autumn 2026, Plans Expansion in UK Historic Sites

🏨 Elysium Collection is debuting its hotel brand in Cornwall, UK, with the opening of Elysium St Mawes in autumn 2026. This 56-bedroom hotel is transforming the former Ship and Castle Hotel. Future sites in Surrey and the Lake District are planned for 2027, focusing on restored historic buildings. Architectural studio 3DReid leads the design, using British materials. Executive chef Stephane Delourme will manage food operations, and Templespa partners to provide wellbeing facilities.

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Blue Flag Capital Expands Faraway Hotels with New Openings in Sag Harbor and Jackson Hole This June

🏨 In June, Blue Flag Capital and Collared Martin Hospitality launched Faraway Sag Harbor and Faraway Jackson Hole, expanding the brand beyond New England. Faraway Sag Harbor features 67 rooms, Zagara restaurant, a heated outdoor pool, and more, inspired by its maritime history. Faraway Jackson Hole replaces Snake River Lodge in Wyoming’s Teton Village, offering a mountain retreat. These openings extend Faraway Hotels to new iconic U.S. destinations with unique cultural identities.

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Stephanie Barba Mendoza Designs Communal Spaces for Vienna's Wilde Aparthotel in Historic 19th-Century Post Office Building

🏨 In 1854, a historic post office was built in Vienna's Fleischmarkt district, serving for 150 years. London-based designer Stephanie Barba Mendoza transformed this 19th-century building into the Wilde aparthotel. Mendoza drew inspiration from Vienna's rich artistic past, incorporating elements of the Viennese Secession and Wiener Werkstätte movements. The design aims to blend the post office's historical significance with the city's vibrant coffeehouse culture, making shared spaces feel relevant and lively today.

Minor Hotels Announces 2030 Opening of Anantara Miami Resort, Marking U.S. Debut with 50-Storey Tower

24 June 2026

🏕️ June 24, 2026, Mumbai: Minor Hotels announces the Anantara Miami Resort & Residences, a 50-storey tower in Miami's Edgewater, Design District, and Wynwood neighborhoods, set to open in 2030. The development, in partnership with One Thousand Group, features 100 private residences, 120 resort residences, 50 hotel suites, and wellness amenities. Designed by Kohn Pedersen Fox and Patricia Urquiola, it includes a rooftop helipad and proximity to Miami's cultural sites. Sales launch this year with One Sotheby's International Realty.

Marriott Expands Into Rental Apartment Market With W Apartments Cleveland Opening in Late 2027

23 June 2026

🏠 Marriott is venturing into rental apartments, introducing W Apartments Cleveland in Erieview Tower by late 2027. Managed by the Kassouf family through a third party, this marks Marriott's shift to tenant-focused branded residences. Unlike Marriott's existing temporary rentals of over 3,500 units globally, this venture offers long-term leases. Tenants will enjoy amenities like a 24/7 concierge, doorman service, W-branded events, and access to a spa, fitness center, and rooftop bar.

SBA 7(a) Loans Offer Flexible Financing for Hotel Renovations Up to $5 Million with 85% SBA Guarantee

💵 SBA 7(a) loans offer flexibility for hotel renovations, with up to $5 million available over 25 years for real estate and 10 years for equipment. Rates range from 10-11%, with an 85% SBA guarantee. SBA 504 loans are suitable for fixed asset projects, offering rates of 6-7% for 20-25 years. Conventional loans close quickly but require strong credit and 20-25% equity. Bridge loans, with rates of 9-12%, suit transitional properties, while revenue-based financing suits smaller upgrades but costs 25-30%.

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