Hotel Openings

📍 Marriott International partners with Verkehrsbuero Hospitality to open five hotels in Austria, adding 1,100+ rooms. Four hotels will convert to Four Points Flex by Sheraton, marking its Austrian debut, with openings expected by 2026. The historic Parkhotel Schönbrunn will join the Tribute Portfolio. This expansion aims to grow Marriott's midscale segment in Austria, where it currently operates 21 hotels across 14 brands, totaling nearly 4,000 rooms.

🏨 The Ritz-Carlton Key Biscayne, Miami is undergoing a $100 million renovation, set for completion in December. This first full-scale update since its 2001 opening affects its 420 rooms, public spaces, and amenities across the 13-story, 17-acre property. Enhancements include a new restaurant, refreshed existing venues, redesigned lobby and spa, and updates to pools and event spaces. Gencom, owning 23 assets with over 6,000 rooms, emphasizes the property's luxury standard.

🏨 Tulsa, Oklahoma, to build a 650-room hotel connected to the downtown Arvest Business Convention Center, with construction starting in 2026 and expected to finish by 2029. The $390 million project aims to enhance Tulsa's meetings and events infrastructure. Visit Tulsa tourism board revealed that the hotel's design contract is being contested by three firms, with a developer selection in June. The hotel will boost Tulsa’s capacity for large-scale events, complementing the 275,000-square-foot convention center. Tulsa's events currently generate an annual economic impact exceeding $327 million. The development marks a significant step in establishing Tulsa as a major meetings and conventions destination in central U.S.