Latest news: Caliber Hospitality adds 7; $100M refi in New Orleans; Florida resorts shutter

Caliber Hospitality adds 7 hotels. Scottsdale, Arizona-based Caliber has agreed with Atlanta-based Satori Collective in which Satori will contribute seven hotel properties worth approximately $120 million to Caliber Hospitality Trust (CHT). The transaction is expected to close in early 2025, subject to customary closing conditions. The seven Satori properties include a mix of middle-market full-service, select-service and extended-stay hotels in Madison, Wisconsin; Peoria, Illinois; Houston; Columbus, Georgia and Tuscaloosa, Alabama, representing Marriott, Hilton and IHG brands. After acquiring the Satori portfolio, CHT will have 22 hotels in ownership and expand its assets under management from $234 million today to $530 million. These hotels will continue to be operated by Atlanta-based Aperture Hotels. Caliber said it is in active discussions with other potential third-party contributors to CHT and expects to make additional announcements in the coming months.

$100M refi in New Orleans. A joint venture between life insurance company MetLife Inc. and Marriott International recently secured a $100 million refinance of the 1,100-key Sheraton New Orleans. New York City-based RobertDouglas helped secure the financing.

Florida resorts close ahead of Milton. Still reeling from Hurricane Helene, numerous hotels and resorts along Florida’s Gulf Coast are suspending operations as Hurricane Milton intensifies offshore, according to a story in Travel Weekly. Milton is expected to make landfall on Florida’s Gulf Coast on Wednesday evening and barrel across the state. The St. Regis Longboat Key said it has closed and will waive cancellation fees through Oct. 14. In the St. Pete Beach area, the Don CeSar and the Sirata have both closed their doors.

Zleep rebranding its properties. Danish hotel company Zleep Hotel, which recently merged with third-party management company Core Hospitality, has signed an agreement with Marriott International to rebrand its 14 properties in Denmark to the Four Points Flex by Sheraton brand. The majority of the hotels are expected to be fully rebranded in December of this year, with the rest following in early 2025. Through the conversions, Core Hospitality adds over 1,500 rooms and 10 new markets to Marriott’s portfolio in Denmark. Additionally, the deal makes Core Hospitality the largest franchisee for Marriott in the Nordic region. The company operates 17 hotels in Denmark across five of Marriott’s brands, with three properties in its pipeline.

IHG adds dual-branded in Orlando. IHG Hotels & Resorts is partnering with Daiwa House Group to recently break ground on a new dual-branded EVEN Hotels and Staybridge Suites property in Orlando, Fla., in collaboration with Osaka, Japan-based Daiwa House Group. The 288-key EVEN Hotel and Staybridge Suites Orlando Universal Blvd. is scheduled to open in 2026. IHG and Dalwa also partnered to open the brand’s first Hotel Indigo in Japan in 2020 and recently signed a letter of intent to develop three additional hotels in the country.

Sonesta adds in Peru. Newton, Massachusetts-based Sonesta International Hotels Corp. has finalized an agreement with master franchisor GHL to launch the Sonesta Hotel Miraflores in Lima, Peru. The 133-room upscale hotel is scheduled to open early in 2025. GHL is the largest third-party hotel operator in the Andean region and Central America and operates 62 hotels in Colombia, Ecuador, Perú, Central America, Chile and Spain.

Hyatt debuts Park brand in UK. Hyatt Hotels Corp is partnering with R&F One (UK) Ltd. to debut the Park Hyatt brand in the U.K. by opening the 203-key Park Hyatt London River Thames. The hotel was originally scheduled to open in 2022. R&F will manage the hotel.

Rocco Forte adds in Sicily. London-based Rocco Forte Hotels is in southeastern Sicily with the announcement of its third Sicilian hotel in Noto. The 31-key Rocco Forte Palazzo Castelluccio is scheduled to open in 2026. The hotel will transform one of the town’s largest and most beautiful palaces, Palazzo Castelluccio, with restored 18th-century architecture. Rocco Forte has four new openings planned in the next three years.

Marriott debuts Tribute in South Korea. Marriott International is debuting its Tribute Portfolio in South Korea with 141-key The Link Seoul, a Tribute Portfolio Hotel in the district of Sindorim in Seoul, South Korea.