Kim Woinski

A fund managed by Magna Hospitality has sold a portfolio of four hotels for a total of $489.8 million. Plus, more hotel deal news.

Sonesta announced the debut of Americas Best Value Studios by Sonesta, an extended stay extension of Sonesta’s most franchised brand, Americas Best Value Inn. Plus, more hotel deal news.

The total non-U.S. resident international visitor volume to the U.S. of 6,275,257 decreased 8.9% compared to July. Plus, hotel deal and development news.

Baird and Barclays said they expect a downbeat 3Q earnings season with disappointing RevPAR. Plus, deal and development news.

Service Properties Trust sold ten hotels with a total of 1,525 keys located for $71 million. Plus, other deal news.

Hilton announced it has reached the milestone of 9,000 hotels globally, representing nearly three openings per day since reaching 8,000 hotels just over a year ago.

Artifact filed plans for a nine-story, 40-key hotel at 23-27 Allen Street in Manhattan. Last year, only one hotel opened in New York City.

Bally’s Las Vegas will be built in phases, eventually featuring 3,000 hotel rooms. Plus, more hotel deal and development news.

Hotel occupancy may reach 65.2% in 2025, up 3.7% from last year, with 34 large-scale events booked for the year.

Service Properties Trust sold three hotels with a total of 413 keys located in three states for a combined sales price of $26.5 million.