Latest news: AJ Capital buys in Boulder; Accor sees big US travel cuts; Archer €567M refi

AJ Capital bringing Graduate to Boulder. Nashville, Tennessee-based AJ Capital Partners has acquired the historic Hotel Boulderado hotel in Boulder, Colorado, which will be renovated and added to Hilton’s Graduate brand. In partnership with longtime owners Frank and Gina Day, the 116-year-old hotel will have phased renovations that will begin later this year and are expected to be completed in spring 2026. When the renovations are completed, the hotel will retain its name while joining the Graduate by Hilton collection.

Accor sees big cut in travel to US. Accor Chairman and CEO Sébastien Bazin told Bloomberg TV on Tuesday that forward bookings from Europe to the U.S. this summer are down 25%, mostly as a result of geopolitical tensions. He said Accor is seeing a “pretty strong deceleration” across the Atlantic and that the expected shortfall is greater than the 18% to 20% decline in the first 90 days of the year. He said travelers are instead deciding to visit Canada, South America and Egypt.

Archer €567M refinance. Amsterdam-based Archer Hotel Capital has closed a €567 million, cross-collateralized pan-European facility to refinance a portfolio of seven hotels in four different European countries. Archer Hotel Capital is the joint investment vehicle of Singapore’s sovereign wealth fund, GIC, and APG, a subsidiary of the Dutch pension fund Stichting Pensioenfonds ABP. Aareal Bank provided the financing for the loan, which refinances seven hotel properties across Europe, including the Royal Saint-Honoré Paris and Renaissance Paris Vendôme; Renaissance La Défense Paris; Renaissance Amsterdam; Hilton Schiphol Airport; Conrad Dublin; and Sheraton Stockholm.

Whitestone acquires in Ohio. Tampa, Florida-based Whitestone Capital, a division of Whitestone Companies, has acquired the 189-key Westin Great Southern Hotel in Columbus, Ohio, from an undisclosed seller for an undisclosed amount. This all-cash transaction marks Whitestone’s 14th purchase in the last 24 months. Walnut Creek, California-based ZMC Hotels will manage the property, which was originally constructed in 1896.

GFI rebranding NYC Hyatt. New York City-based GFI Hospitality is transitioning the former James NoMad Hotel in New York City to the 348-key Hotel Seville NoMad, which will join The Unbound Collection by Hyatt. Housed in a preserved Beaux Arts building originally constructed in 1903, the hotel will be renovated to blend in contemporary design.

Invesco acquires in Berlin. Atlanta-based Invesco Real Estate has acquired the 412-key InterCity Hotel in Berlin on behalf of a German client from Vienna, Austria-based CA Immo for an undisclosed amount. The hotel was completed in 2013 and was the first hotel in Germany to receive a platinum certificate from the German Sustainable Building Council (DGNB). The property is fully leased to IntercityHotel GmbH, a subsidiary of Steigenberger Hotels GmbH.

Aethos taking over Nobu Shoreditch. Limestone Capital, which in February announced the acquisition of the 164-key Nobu Hotel London Shoreditch in East London, has named Aethos as the new manager of the property to be rebranded Aethos London Shoreditch. The repositioned property will include an elevated space for Aethos members and a curated community for those seeking more connection, experiences, travel, and well-being. Members can access lounges, private meeting areas, and a social calendar. The property will also feature a boutique spa focused on holistic well-being alongside a longevity-focused training studio.

Summit’s $275M senior loan. Austin-based Summit Hotel Properties has closed on a new $275 million senior unsecured term loan. Summit expects to utilize future proceeds from the loan to repay the majority of the company’s outstanding $287.5 million, 1.5% convertible senior notes maturing in February 2026. The loan includes a delayed draw feature available to the company through March 1, 2026, that will enable it to preserve the 1.5% interest rate on the convertible senior notes through the scheduled maturity date. The loan provides for a maturity date of March 2030, including two one-year extension options.

Rosewood adds in London. The Chancery Rosewood in London, which is an adaptive reuse from the former U.S. embassy, is scheduled to open on September 1. London Qatari Diar Europe is developing the 144-key hotel, which will feature eight restaurants and bars. Rosewood Hotels & Resorts manages a portfolio of 37 luxury hotels, resorts and residences across 22 countries.

Aimbridge EMEA adds 9. Aimbridge Hospitality EMEA signed new properties to its management portfolio in the first quarter. The new additions include six hotels owned by Copenhagen-based ProArk, which will operate under the Mercure brand in Bedford, Cardiff, Harlow, Nottingham, Telford, and Birmingham.