Market Trends - 10 Minutes News for Hoteliers - Page 121

1 min

Driftwood Capital Secures Refinancing for Two Hotels

🏦 Driftwood Capital secured $62.5 million refinancing for Wylie Hotel Atlanta and Sheraton Pittsburgh Hotel. Fortress Investment Group provided a $28.5 million loan for Wylie Hotel, acquired by Driftwood Acquisition Partners in 2021 and rebranded in 2023. The 111-key Wylie offers Mrs. P’s Bar & Kitchen and event space. Starwood and Greystone Commercial provided a $34.0 million loan for the 399-key Sheraton, featuring 29,000 square feet meeting space and Factory South Shore restaurant, which underwent a $10 million renovation post its acquisition during the COVID-19 pandemic.

2 min

Hilton London Bankside invites guests to relax and rejuvenate with Janaury wellness events

💪 Hilton London Bankside promotes urban wellness in 2025 with free HIIT classes every Friday starting 10th January, relaxation treatments from £110, and mixology masterclasses on 23rd and 29th January for £20 per person. Sleep Well Massage costs £120 for 60 minutes. Non-alcoholic cocktail flights at The Distillery Bankside are priced at £8 each or £16 for three, available from 2nd to 31st January. The hotel features a 17-meter heated indoor pool and Peloton Rooms for the ultimate wellness stay.

2 min

89 – Clarifying the Hotel Brand Ecosystem

🏨 In 2025, Martin Soler discussed the Hotel Brand Pyramid, originally published by Jestafreak, highlighting its deficiencies and inaccuracies. Soler solicited feedback for a more complete brand categorization, proposing potential categories: Ultra Luxury, Luxury, Premium (formerly Upper Upscale), Upscale, Midscale, and Economy. The challenge includes incorporating regional players without creating an exhaustive list, and determining inclusion criteria such as a minimum number of rooms or hotels. Feedback can be shared through comments on the post or LinkedIn.

2 min

U.K. hotel investment touched six-year high in 2024: Savills

🏨 U.K. hotel investment transactions reached £5.75 billion in 2024, a more than 100% increase from 2023, highest since 2018. Portfolio transactions comprised 55% at £3.14 billion, with a 582% year-on-year increase. Regional transactions at £3.34 billion, 58% of total, were up 217% year-on-year. London transactions grew by 105% to £2.40 billion. Key investors include Blackstone, KKR, and Starwood Capital. Deloitte reports 72% of hospitality executives are optimistic about the sector, with a focus on cash flow management and expected increase in M&A activity.

2 min

5 key findings on how American travelers shop and book air

✈ 65% of U.S. travelers flew in the past year, a decrease from 68% the previous year. Age differences emerge in travel planning, with 18-34 year olds more likely to use social media for transportation decisions than those 55+. Direct online booking is preferred by older travelers, while under-55s opt for OTAs. Cost concerns may affect future air travel decisions. Key themes include the role of social media and booking channels in travel, performance of air loyalty programs, and consumer sentiment on future air travel. Data reflects travel up to July 2024.

3 min

Blackstone solidifies Japan portfolio with three hotel acquisitions

🏨 Blackstone acquires three hotels in Osaka and Okinawa, expanding its Japanese portfolio to $1.3 billion. The Ritz-Carlton Okinawa and Kise Beach Palace were reportedly purchased for $130 million. Japan's 2024 foreign visitor spending hit a record JPY 5.8 trillion by September, with a single-month peak of 3.3 million in July. First-half 2024 hotel investment volume reached $2.9 billion, a 30% increase over 2023. Japan anticipates 60 million annual inbound visitors by 2030.

2 min

2024 Highlights & Learnings + Why I’m Excited for 2025 – Josiah Mackenzie

🏢 On December 31, 2024, the "2024 Highlights & Learnings + Why I'm Excited for 2025" episode, featuring Josiah Mackenzie, was released. Key segments include "Intro" at 00:00, "Highlights" starting at 02:00, "Lessons Learned" at 19:02, and "Looking Ahead" beginning at 24:31. The podcast is available on Apple Podcasts and Spotify, among other platforms. Featured episodes cover various hospitality topics from industry leaders. Hospitality Daily Podcast is known for offering insights to delight people, make money, and thrive daily.

Reuben Brothers Acquire W South Beach from Tricap and Rfr

🏦 USA, Miami Beach, Florida—Reuben Brothers acquired W South Beach for over $400 million on December 31, 2024, expanding their US hospitality portfolio. Tricap and RFR, who developed the property in 2004, opened it in 2009 with 348 units. Advisor Jeffrey Davis of Eastdil Secured facilitated the sale. The Reuben Brothers also have stakes in Florida’s Chesterfield, soon The Vineta, and JW Marriott Miami Turnberry Resort & Spa, with a recent $300 million renovation. They are developing Esencia in Puerto Rico, a $2.6 billion luxury community with conservation efforts, amenities, and over 2,000 local jobs anticipated.

2 min

Marriott to open Ritz-Carlton hotel in Xiamen, China

🏡 Marriott International partners with Xiamen Green Development Investment Group to launch The Ritz-Carlton in Xiamen Island, Fujian Province, China. The luxury hotel will feature 228 rooms, 35 suites, diverse dining options, and a 1,580-square-meter meeting space. Additional amenities include a 25-meter indoor pool, fitness center, and spa. The development includes a 340-meter office tower and Marriott Executive Apartments with 144 furnished units. The Ritz-Carlton, Xiamen aims to attract business travelers and tourists, enhancing Marriott's portfolio to six properties in the city.

Ennismore and Twg Partner to Bring 21c Museum Hotels to Indianapolis

📍 In Indianapolis, Indiana, Ennismore and TWG announced the signing of the 21c Museum Hotel, set to open in 2028. The hotel will feature 156 rooms, a 24/7 contemporary art museum with 16,000 sqft of gallery space, and three food and beverage destinations. The project includes the revival of the historic Old City Hall and 8,000 sqft of retail space, situated along the Indianapolis Cultural Trail. 21c Museum Hotels currently operates eight locations in the United States.

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