Industry Insights: Recent Hotel Transactions and Developments
Key Highlights:
- Loci Capital’s Sale in Tampa
- UC Investments Acquires Residence Inn Berkeley
- Soho House Founder Launches New London Hotel
- Choice Hotels Expands MainStay to Australia
- Meyer Jabara Takes Over The Abbey Inn & Spa
- Hunter Hotel Advisors Reports $515M in Q3 Sales
- Marriott’s Edition Hotels Expands in Saudi Arabia
- Wyndham Introduces Days Inn in Singapore
- Hilton Expands Presence in Chennai, India
Breaking News: Major Hotel Deals and Developments Across the Globe
In a flurry of recent transactions and expansions, the hospitality industry is witnessing significant shifts, with major players making strategic moves to enhance their portfolios.
Loci Capital Sells Hilton St. Petersburg Carillon Park
In a notable deal, Loci Capital Opportunistic Fund, LP, based in Tampa, has sold the 227-key Hilton St. Petersburg Carillon Park to an undisclosed buyer. The property, which boasts over 16,000 square feet of meeting space, was acquired by Loci and its joint venture partners in January 2021. Since then, it has undergone extensive renovations, including a complete room overhaul, set to be finalized post-acquisition.
UC Investments Acquires Residence Inn Berkeley for $175.8 Million
In the Bay Area, UC Investments, the investment arm of the University of California, has purchased the 331-key Residence Inn Berkeley for $175.8 million. This acquisition comes on the heels of a 2023 appraisal valuing the hotel at $218 million, highlighting its robust financial standing. The property has also benefited from $50 million in C-PACE financing, ensuring its continued growth and development.
Soho House Founder to Launch New Hotel in London
Nick Jones, the founder of Soho House, is set to open a new hotel in London in 2026, marking his first venture since stepping down as CEO in 2022. The 90-key St. Clement Hotel will be located above his latest project, Corner Shop 180, near Somerset House. This development follows the recent acquisition of Soho House by MCR Hotels in a deal valued at £2 billion.
Choice Hotels Expands to Australia
In a groundbreaking move, Choice Hotels is partnering with Extended STAY Australasia to introduce its extended-stay brand, MainStay Suites, to Australia. This marks the brand’s first foray outside North America, with plans to rebrand seven existing properties across the continent.
Meyer Jabara Hotels Takes Over The Abbey Inn & Spa
Danbury, Connecticut-based Meyer Jabara Hotels has assumed management of the 42-key Abbey Inn & Spa in Peekskill, New York. This boutique hotel, housed in a historic 1876 building originally constructed as a convent, is owned by Martin and Irene Ginsburg.
Hunter Hotel Advisors Reports $515 Million in Q3 Sales
Atlanta-based Hunter Hotel Advisors has announced a successful third quarter, closing over $515 million in hotel sales across 36 transactions. The firm is already on track for a robust fourth quarter, with over $580 million under contract. Notable Q3 closings include the AC San Diego Downtown Gaslamp Quarter and the Hilton Garden Inn Jacksonville Ponte Vedra Sawgrass.
Marriott’s Edition Expands in Saudi Arabia
Marriott International is set to open its second Edition hotel in Saudi Arabia, The Red Sea Edition, featuring 240 keys along a kilometer of private beachfront. This development is part of a larger initiative to create a vibrant destination on Shura Island, complete with resorts, marinas, and leisure facilities.
Wyndham Hotels to Rebrand in Singapore
Wyndham Hotels & Resorts has signed a franchise agreement with Worldwide Hotels to introduce the 362-key Days Inn by Wyndham Singapore Novena. The property, currently known as Value Hotel Thomson, will undergo renovations and is slated to reopen in August 2026.
Hilton to Expand in Chennai
Hilton is partnering with MKR Estate Developers to expand its footprint in Chennai, India, with the signing of the 195-key Hilton Chennai Egmore. This new hotel, expected to open in January 2029, will be part of a larger mixed-use development, as Hilton aims to double its brand presence in India over the next five years.
As the hospitality sector continues to evolve, these strategic moves highlight the industry’s resilience and commitment to growth, setting the stage for an exciting future in global travel and accommodation.