Briefs: Rosewood residences in Florida; Palisociety adds to Le Petit Pali portfolio
🏗️ Rosewood Residences Naples, a 42-unit waterfront condo development by Ronto Group and Wheelock Street Capital, commences construction in Naples, Fla., featuring ocean views and amenities like pools and firepit areas. Lillian Wu designs common spaces. Rosewood currently operates 34 properties across 21 countries and plans 24+ new projects in 7 years. Le Petit Pali Brentwood opens in LA in November, becoming Palisociety's 8th city hotel, with further expansion in 2025. Prizeotel rebrands to Prize by Radisson, with new properties in Gdansk (2026) and Berlin (2027), adding to 21 existing hotels. U.S. hotel industry shows YOY growth with occupancy at 63.9% (+1.9%), ADR at $153.67 (+1.6%), RevPAR at $98.18 (+3.6%), led by Tampa (+15.2% occupancy) and Seattle (+12.5% ADR).
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