Latest news: Bain sells in Greece; ESA portfolio refi; sale in California

Bain completes sale in Greece. Bain Capital has completed the sale of the 181-key Cora Resort and Spa in Afytos, Greece, to Tel Aviv, Israel-based Fattal Hotel Group. The investment was managed by Bain Capital’s Special Situations team in Europe. Bain led a refurbishment and repositioning of the hotel, supported by a €24 million investment program, transforming the asset into a luxury destination resort with multiple restaurants and bars and a dedicated wellness center. The property opened in July 2023 and underwent a management transition in 2024.

ESA portfolio refinance. Blackstone and Starwood Capital Group have refinanced the second part of their Extended Stay America portfolio, according to a note from R.W. Baird analyst Michael Bellisario. The joint venture is refinancing a 196-hotel portfolio with a $1.87 billion CMBS loan. Part one of the refinancing occurred in October ($1.935 billion CMBS loan secured by 220 properties), and proceeds from the refinancing will also be used to repay the 2021-vintage CMBS loan that was used to take Extended Stay America private. The five-year fully extended loan is expected to price at SOFR +235 bps.

California hotel sells. Bobby Saadian has acquired the 128-key Residence Inn Camarillo in California for $39 million, according to R.W. Baird analyst Michael Bellisario. The buyer reportedly financed the acquisition with a $25.35 million CMBS loan (65% LTV) that has a five-year maturity and a 6.83% fixed interest rate.

Hotel Equities adds in CALA. Hotel Equities is expanding in the CALA region with a portfolio that has grown to include five open hotels and 12 additional projects underway across multiple markets. Projects include Amaris Grace Bay, an LXR Hotel in Turks and Caicos, with announcements to come in Riviera Maya, Curaçao, Mexico City, Trinidad and Tobago, Dominica, the Dominican Republic, and Costa Rica.

Emirates is adding in the UAE. Abu Dhabi-based Emirates Developments has signed an agreement with Jumeirah, part of Dubai Holding, to develop 253-key Jumeirah Residences Al Maryah Island in Abu Dhabi. In 2025, Emirates unveiled several real estate projects in the UAE, notably a Hilton-branded residential tower in Dubai's Jumeirah Lakes Towers.

Dallas hotel joins Autograph. The Hall Arts Hotels in Dallas’ Arts District has joined Marriott’s Autograph Collection. The hotel, owned by Dallas-based Hall Group, is managed by Coury Hospitality and opened in 2019. The hotel will undertake targeted renovations in its lobby and guest rooms and will open a new restaurant in early March.

Crestline adds 2 in Florida. Apple Hospitality REIT has selected Fairfax, Virginia-based Crestline Hotels & Resorts to manage the 200-key SpringHill Suites by Marriott Orlando at SeaWorld and the 200-key Fairfield by Marriott Inn & Suites Orlando at SeaWorld.

Stonebridge adds in Houston. Denver-based Stonebridge has added Margaritaville Lake Resort, Lake Conroe | Houston in Montgomery, Texas, to its managed portfolio. The 186-acre lakefront resort on Lake Conroe, one of Texas’ top boating destinations, features 335 guestrooms, including 32 waterfront standalone cottages and 303 suites.

Pivot adds in Atlanta. Atlanta-based Pivot, the lifestyle operating vertical of Davidson Hospitality Group, has been tapped by New City Properties to manage the 196-key Forth Atlanta. The luxury boutique hotel has more than 9,700 sq. ft. of event space; an outdoor pool and deck; and also features Forth Club, a members-only social club.

Peachtree closes DST in December. Peachtree Group closed a hotel-related Delaware Statutory Trust acquisition in December, highlighting the continued growth and scale of its DST investment platform. PG Omaha Landmark DST is anchored by the Residence Inn Omaha Downtown/Old Market Area, an extended-stay hotel located in Omaha’s business district. In 2025, Peachtree completed six debt-free DST acquisitions totaling approximately $200 million. Since its inception, the firm has completed 12 DST acquisitions totaling roughly $375 million.

Valor doubles UK portfolio. Atlanta-based Valor Hospitality Partners has more than doubled its U.K. portfolio in five years - increasing from 17 hotels in 2021 to 40 hotels in 2026. The new hotels include the Crowne Plaza Aberdeen Airport, Holiday Inn Express Aberdeen Airport, Holiday Inn Express Trafford City and Hampton by Hilton Liverpool John Lennon Airport. The new hotels add to Valor’s global portfolio, which has expanded to a network of 100-plus properties across 65 cities and 22 countries.

Hotel101 adds in Australia. Singapore-based Hotel101 Global Holdings Corp. has signed definitive binding agreements for the development of a 766-key Hotel101 in Melbourne’s Central Business District in Australia. The hotel is expected to be completed in 2029. Hotel101 Global expects to start accepting hotel guests at Hotel101-Madrid, the first global Hotel101 project, by March 2026.

IHG adds Vignette to India. IHG Hotels & Resorts has signed a management agreement with Hanu Overseas to bring its luxury and lifestyle brand, Vignette Collection, to India. Scheduled to open early 2026, the 145-key Vignette Collection hotel in Panchkula will be one of 51 hotels operating across six brands in India, including a pipeline of 80 hotels due to open in the next three to five years.

Rotana sign in KSA. Abu Dhabi-based Rotana has signed a deal for the 175-key Centro Hail, a lifestyle hotel to be developed in Saudi Arabia in collaboration with Alkhorayef Investment and Development Co. and the Tourism Development Fund. The signing follows a period of accelerated growth for Rotana in Saudi Arabia, with an operational and pipeline portfolio in KSA now totaling 25 hotels and 5,600 rooms.

Dusit adds in KSA. Thailand-based Dusit International is developing the phased opening of Dusit Princess Al Majma’ah in Riyadh, which will become the group’s first operational hotel in Saudi Arabia. The opening is scheduled as part of the company’s 2026 pipeline. Dusit International has also achieved its strongest development performance to date, recording 24 hotel signings in 2025 in the Middle East, Asia, and beyond.

Choice launches new campaign. Choice Hotels International has unveiled a global marketing campaign, Travel Values, which highlights how staying with Choice Hotels delivers greater value for guests' money. This campaign marks the company's third year collaborating with actor and comedian Keegan-Michael Key and was developed in collaboration with Key, creative agency 72andSunny New York, media agency dentsu X, and Choice Hotels.