JLL Advises Japan Hotel REIT Investment Corporation on ¥30.9 Billion Sale of The Beach Tower Okinawa
•JLL
Hospitality News
Commercial Real Estate News
Ryman Hospitality Properties Closes $658 Million Equity Offering, Backed by JPMorgan, Bank of America, Wells Fargo and Others, to Fund $1.38 Billion Orlando Resort Acquisition
•Ryman Hospitality Properties, Inc.
Marcus & Millichap Brokers Sale of 115-Room Staybridge Suites in Las Cruces, New Mexico
•Marcus & Millichap
Ryman Hospitality Properties to Acquire Grande Lakes Orlando from Trinity Investors, Elliott Investment Management for $1.38 Billion
•Trinity Fund Advisors
CPP Investments and HSI Form C$200 Million Joint Venture to Acquire Two Hilton Hotels in Brazil
•CPP Investments
V2 Capital Acquires 161-Room Courtyard Shelton from Shelton Suites, LLC in Fairfield County Deal
•JLL
Grosvenor Completes 58 Leasing Deals in Mayfair and Belgravia, Adding Sophie Breitmeyer, FoundRae, Roseberys, Onyx Matcha Club, Melanie Grant and Molly Alexander
•Grosvenor
FinancingHospitality
Talonvest Capital Arranges $105 Million Refinancing for Marriott Dual-Branded Hotel Campus in Sunnyvale for K1 Dev and T2 Hospitality
Talonvest Capital has arranged a $105 million non-recourse bridge loan refinancing for a two-hotel Marriott campus in Sunnyvale, California on behalf of K1 Dev, LLC, an entity controlled by T2 Hospitality. The 350-key campus, located in the supply-constrained Moffett Park submarket of Silicon Valley, comprises the TETRA Hotel, Autograph Collection and the AC Hotel by Marriott Sunnyvale Moffett Park.
•Talonvest Capital
Property Transactions
GBX Group Acquires 35-Room NYAH Key West Boutique Hotel in Old Town Historic District
GBX Group has acquired Not Your Average Hotel (NYAH) Key West, a 35-room boutique property in Key West's Historic Old Town, in a transaction brokered by Marcus & Millichap. The deal marks the Cleveland-based firm's sixth acquisition in Florida and its latest repositioning of a historic hospitality asset.
•Hospitality
Property TransactionsHospitality
Sixth Street Acquires Pier House Resort & Spa in Key West for $190 Million
Sixth Street, in partnership with Riller Capital, has acquired the Pier House Resort & Spa in Key West, Florida, from Braemar Hotels & Resorts for $190 million. The deal, financed by Starwood Property Trust, values the 142-room oceanfront resort at approximately $1.34 million per room.
•Sixth Street
Property TransactionsOfficeRetail+1
Megaworld's MREIT Approves PHP27-Billion Share Swap to Add Mall, Hotel, and Office Assets in Metro Manila
MREIT, the real estate investment trust sponsored by Megaworld, has approved a PHP27-billion property-for-share swap that will add mall, hotel, and office assets across Metro Manila. The deal, described as the largest REIT transaction of 2026, will bring MREIT closer to its target of 1 million square meters of gross leasable area.
•Colliers
More News
Property TransactionsHospitality
Spectra B.V. Acquires Grand Hotel Vilnius From 1 Asset Management's IAM Luxury Hotels Fund
1 Asset Management's IAM Luxury Hotels Fund has signed an agreement to sell the five-star Grand Hotel Vilnius, Curio Collection by Hilton, to Spectra B.V., a company within the Tesonet group. The transaction is subject to customary closing conditions and regulatory approvals.
•1 Asset Management
Property TransactionsHospitality
Tower Capital Group Bankruptcy Triggers Bid Deadline for Downtown Springfield's Former Wyndham City Centre
Hilco Real Estate, LLC has set a September 15 bid deadline for the bankruptcy sale of the former Wyndham City Centre, a 374,200-square-foot, 31-story convention hotel in downtown Springfield, Illinois. The property is being sold through the Chapter 11 proceedings of Tower Capital Group, LP in the U.S. Bankruptcy Court for the Western District of Texas.
•Hilco Global
DevelopmentHospitality
Marriott International and Catalonia Hotels & Resorts Sign Dual All-Inclusive Resort Agreements in Montego Bay and Zanzibar
Marriott International and Catalonia Hotels & Resorts have signed two agreements to develop all-inclusive resorts in Montego Bay, Jamaica and Zanzibar, Tanzania. The deals add a 522-room Marriott Hotels property and a 271-room Autograph Collection resort to Marriott's growing global all-inclusive portfolio.
•Marriott International
PeopleHospitality
AWH Partners' Spire Hospitality Names Richard Sandoval Chief Executive Officer
Spire Hospitality, the hotel management arm of AWH Partners, has named Richard Sandoval as its new Chief Executive Officer, effective July 14, 2026. Sandoval, who joined the company in 2014, succeeds Chris Russell, who will remain with the firm as Senior Advisor.
•AWH Partners
DevelopmentHospitality
W Hotels Opens First Saudi Arabia Property With 210-Room W Riyadh – KAFD
W Hotels, part of Marriott Bonvoy's portfolio, has opened W Riyadh – KAFD, marking the brand's first property in Saudi Arabia. The 210-room hotel is located in King Abdullah Financial District and features multiple dining venues, event space, and design elements rooted in Saudi cultural heritage.
•Marriott International
DevelopmentHospitality
Caliber Breaks Ground on 114-Room Hyatt Studios Hotel in Steamboat Springs, Colorado
Scottsdale-based alternative asset manager Caliber has broken ground on a 114-room Hyatt Studios extended-stay hotel in Steamboat Springs, Colorado, marking the first construction start within its multi-market Hyatt Studios development platform. The four-story, 57,971-square-foot property at 1801 Lincoln Avenue is targeted for completion in the second quarter of 2027.
•Caliber