Latest news: Deals in Texas, Indiana; Z selling London hotel; Fairmont’s Japan debut

Texas hotel sells. The 111-key Home2 Suites by Hilton El Paso Airport in Texas has been acquired by an undisclosed buyer from an institutional seller for an undisclosed amount. Hunter Hotel Advisors brokered the sale.

Indiana hotel acquired. Shriv Shakti Hospitality has acquired the 111-key Comfort Inn East Evansville in Indiana from Evansville, Indiana-based Priyansu Hotels for an undisclosed amount (although it was purchased for less than $50,000 per room, according to a news release). Huff, Niehaus & Associates brokered the sale.

Z Hotels puts London hotel on market. London-based Z Hotels has put its 95-key boutique hotel in London’s Leicester Square on the market for £42 million. Z Hotels has tasked Avison Young UK and JLL with selling the hotel’s freehold interest, which will be structured as a sale and leaseback. The hotel is expected to be fully operational by June.

Fairmont to debut in Japan. Accor’s Fairmont Hotels & Resorts is scheduled to open its first property in Japan, the 219-key Fairmont Tokyo, on July 1. Fairmont currently operates 11 properties across Asia and has a pipeline of more than 30 hotels under development.

California hotel joining Hilton. The Woodlands, Texas and Boston-based Pyramid Global Hospitality and San Francisco-based Palm House Hospitality have announced the 170-key Flamingo Resort & Spa in Santa Rosa, California, will join the Tapestry Collection by Hilton. The hotel was built in 1957.

IHG Europe growth. IHG Hotels & Resorts has debuted nine of its individual hotel brands in 13 countries across Europe since the start of 2024, with the opening and signings spanning brands across its four segments: luxury & lifestyle, premium, essentials and suites. This growth comes as IHG’s Europe business surpasses 1,100 open and pipeline hotels. IHG’s six brands in the luxury & lifestyle segment continue to expand across Europe, representing 12% of current Europe open hotels (103 properties) and 27% of its development pipeline (71 hotels). Last year saw record conversion activity for IHG globally and in 2024, conversions to IHG brands represented more than 80% of new openings in Europe. Almost 70% of IHG’s Europe footprint comprises its essentials brands, from the world’s largest hotel, Holiday Inn Express, to new midscale conversion brand, Garner Hotels. 2024 marked the European debut for Garner, with 56 initial signings taking place in April and the first opening in November. The increasing demand for extended stays is reflected in IHG’s Europe pipeline for its suites portfolio of brands, which stands at 15 hotels – larger than the current system size of 11 properties.