Latest news: Valor adds in Caribbean; US hotels up last week; voco to debut in Canada

Valor expands into the Caribbean. Atlanta-based Valor Hospitality Partners is expanding into the Caribbean market through a strategic partnership with Tobago-based Cove Bay Developments. The collaboration marks Valor’s first Caribbean venture and includes the management of 25-key Plymouth Peninsula Tobago, a luxury hotel scheduled to open on Tobago’s northern coast in 2027.

US hotels up last week. The U.S. hotel industry from June 15-21 reported positive year-over-year comparisons, according to CoStar data. Occupancy was 70.5% (+1.3% YOY); ADR was $163.77 (+2.0% YOY); RevPAR was $115.39 (+3.3% YOY). Among the top 25 markets, San Francisco saw the largest increases in occupancy (+17.2% to 72.2%) and RevPAR (+26.7% to $141.09). Boston reported the highest ADR lift (+17.7% to $276.12), which drove the second-largest jump in RevPAR (+24.0% to $228.61). Las Vegas recorded the steepest declines in occupancy (-12.6% to 69.5%) and RevPAR (-17.4% to $117.08).

Voco to debut in Canada. IHG’s voco hotels is entering the Canadian market with signings in Montreal, Toronto and Niagara Falls. The planned openings include the 232-key voco Niagara Falls, scheduled for late 2026; the new-build 55-key voco Montreal, the first voco property to break ground in Canada, targeting a mid-2027 opening; and the 180-key voco Toronto Airport West, also targeted to open in 2027. The voco in Toronto is also aspiring to be a zero-emissions, carbon-neutral hotel, which would be the first of its kind in Canada and the first hotel in the country to participate in IHG’s Low Carbon Pioneers Program. The voco brand has 100 open hotels and 95 more in its pipeline.

Outbound opens first branded residence. Chicago-based Outbound Hotels is opening its first-ever residential condominiums with the new-build, 20-key Outbound Mammoth in Mammoth Lakes, California. Outbound said this project will serve as a model for future projects that will incorporate lodging experiences with a focus on nature.

Regal Partners acquires 50% of Ark Capital. Regal Partners, Sydney, has acquired for A$3 million 50% of the issued share capital of Ark Capital Partners, a specialist real estate investment and advisory platform focused on sourcing, securing and repositioning hotels in Australia and New Zealand. Regal also acquired the 170-suite Mayfair Hotel in Adelaide for A$75 million, representing the seed asset for Ark and the Regal Partners Australian Hotel Opportunities strategy. “We believe the Australian hotel sector now offers investors the unique opportunity to benefit from compelling economic tailwinds and attractive supply-demand dynamics at a time when valuations remain highly attractive,” said Ark Capital Co-Founder and CEO Rahul Parrab.

Canada reports highest growth of 2025. Canada in May reported its highest 2025 monthly growth rates in occupancy and RevPAR, according to CoStar data. Occupancy was 70.2% (+1.9% YOY); ADR CAD213.57 (+3.3% YOY); RevPAR was CAD149.96 (+5.3% YOY). ADR growth was higher in February (+4.3%). Among the provinces and territories, Saskatchewan reported the highest increases in ADR (+6.9% to CAD $151.97) and RevPAR (+16.2% to CAD $102.80). The province’s occupancy also rose 8.7% to 67.6%. That occupancy growth rate matched Manitoba (+8.7% to 74.0%) for the highest during the month. British Columbia recorded the highest absolute levels in occupancy (74.7%) and ADR (CAD255.82), which represented gains of 0.7% and 0.1%, respectively. Among the major markets, Calgary posted the highest growth in occupancy (+8.2% to 72.3%) and RevPAR (+14.7% to CAD129.13). Montreal led in ADR growth (+6.9% to CAD248.00). Vancouver recorded the highest absolute levels in occupancy (83.3%) and ADR (CAD306.06), down 0.9% and 2.6%, respectively.

Ruby to debut in Greece. Ruby Hotels is partnering with Primetime Development to add its first hotel in Greece with the 114-key Ruby Athens, which is scheduled to open in 2027. IHG acquired the Ruby brand in February. 

Accor adds in the Philippines. Accor is partnering with Philippines-based Megaworld to open the 550-key Mercure Mactan Cebu in the fourth quarter of 2025. The hotel is located in Megaworld’s 30-hectare mixed-use township in Lapu-Lapu City. Accor has a current portfolio of nine hotels and more than 2,300 rooms across eight distinct brands in the Philippines, with 18 additional hotels (comprising over 4,000 rooms) set to open in the coming years.