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Hotels

Element by Westin Mission Valley Secures $38M Construction Loan Arranged by IPA Capital Markets

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SHERIDAN, WYOMING – Feb. 24, 2025 – IPA Capital Markets, a division of Marcus & Millichap, has successfully arranged $37.9 million in construction financing for the development of the Element by Westin Mission Valley. This 148-key extended-stay hotel is set to enhance the hospitality landscape in the vibrant Mission Valley neighborhood of San Diego.

Financing Secured for Premier Extended-Stay Hotel

Peachtree Group Expands Texas Presence with Dual-Branded Hotel Opening in Paris

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SHERIDAN, WYOMING – Feb. 24, 2025 – Peachtree Group has officially unveiled its latest venture, the dual-branded, 51-suite TownePlace Suites Paris and 62-suite Fairfield Inn & Suites Paris, located in the thriving city of Paris, Texas. This strategic move underscores Peachtree’s commitment to expanding its hospitality footprint and delivering exceptional guest experiences. The company will operate the property on behalf of TEKMAK Development Company.

Strategic Partnership and Growth in Texas

Oliver Hospitality Set to Double Portfolio by 2027 with Expansion Across the U.S.

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SHERIDAN, WYOMING – Feb. 24, 2025 – Nashville-based Oliver Hospitality, an independent hospitality management and development company, has announced ambitious growth plans, expecting to double its portfolio by 2027. This expansion includes new hotel acquisitions and development projects across multiple states, reinforcing the company’s commitment to delivering unique, curated experiences.

Strategic Growth and Expansion

Concord Hospitality Celebrates 40 Years of Excellence in Hotel Management

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SHERIDAN, WYOMING – Feb. 24, 2025 – Concord Hospitality, a leading hotel management and development firm with a portfolio of over 140 properties across North America, proudly celebrates its 40th anniversary.

Four Decades of Hospitality Leadership

Corinthia Hotels to Redefine Dubai Skyline with Luxury Hotel and Residences Tower

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SHERIDAN, WYOMING – Feb. 24, 2025 – Corinthia Hotels is set to make a grand entrance into Dubai, announcing a groundbreaking collaboration with Dubai General Properties to construct a 500-meter-tall mixed-use development. This ambitious project will feature a luxury hotel and branded residences, promising to reshape Dubai’s iconic skyline.

A New Landmark on Sheikh Zayed Road

Hotel Staffing Shortages Persist Despite Pay Hikes, New Perks

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SHERIDAN, WYOMING – Feb. 24, 2025 - Hotels across the U.S. continue to grapple with persistent staffing shortages, despite significant efforts to attract and retain talent through increased wages and enhanced perks. A recent survey conducted by the American Hotel & Lodging Association (AHLA) and AHLA Gold Partner, Hireology, reveals that nearly two-thirds (65%) of hotels are still struggling to fill open positions.

Industry-Wide Staffing Challenges

Bishop Design Infuses MIKA with Timeless Mediterranean Ambiance in Miami

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SHERIDAN, WYOMING – Feb. 24, 2025 – Miami’s culinary scene has a new gem as Bishop Design unveils its captivating interiors for MIKA, a Mediterranean dining destination in Coral Gables. The restaurant, a collaboration between luxury developer and restaurateur Alex Pirez and Michelin-starred chef Michael White, brings the essence of the Riviera to the Plaza Coral Gables.

MIKA’s Unique Design Concept

Xi’an Centre Culture Business District Opens, Designed by Heatherwick Studio

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SHERIDAN, WYOMING – Feb. 24, 2025 – A transformative new urban space has opened in Xi’an, China, designed by the renowned London-based Heatherwick Studio. The Xi’an Centre Culture Business District (CCBD) is a dynamic neighborhood that seamlessly blends retail, residential, and recreational spaces, all while paying homage to the city’s rich history of craftsmanship and ceramics.

A New Urban Landscape

Field & Stream Lodge Co. Announces May Launch of First Hotel in Montana

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SHERIDAN, WYOMING – Feb. 24, 2025 – Field & Stream Lodge Co., a new hospitality brand from the renowned outdoor retailer Field & Stream, is set to open its inaugural property in May, marking a significant milestone for the iconic brand. This nature-inspired retreat, located near Bridger Bowl ski area, Big Sky Resort, and Yellowstone National Park, promises to blend the timeless appeal of classic hunting and fishing lodges with contemporary comforts.

A Nostalgic Yet Modern Retreat