Latest news: Oakland discount deal; Lark opening 4; OTH adds in Virginia

Oakland hotel trades at discount. An affiliated group headed by Harprit Dhillon has acquired out of receivership the 156-key Courtyard by Marriott Oakland Airport for $12.5 million in a deal that highlights the continued weakness in the Bay Area hospitality market, according to the East Bay Times. The price works out to just over $80,000 per room, a huge decline from the property’s previous value derived from recent refinancings. An affiliate of Dallas-based REIT Ashford Hospitality Trust defaulted on the loan in 2023, and the hotel entered receivership in 2024. The new purchase price is 63% below the $33.5 million assessed value for the property in January 2025.

OTH adds in Virginia. Williamsburg, Virginia-based OTH Hotels Resorts has added the 149-key Courtyard by Marriott Manassas Battlefield Park in Virginia to its management portfolio. The property is OTH’s fifth on the East Coast, added in 2025. OTH has a portfolio of 21 hotels and 38 restaurants across the U.S.

Lark Hotels adds 4. Portsmouth, New Hampshire-based Lark Hotels will open four properties in 2026, including three in Massachusetts: the 16-key Cambridge Common House in Cambridge; the 25-key The Drew Hotel in Plymouth; and the 21-key Shore Haven in Falmouth. In addition, Lark is adding the 18-key The Penny Lane in Hampton Bays, New York. These debuts come on the heels of several additions to Lark’s management portfolio, including The Vietta Hotel in Kissimmee, Florida and The Painted Lady in Birmingham, Alabama.

Hilton adds 3 in Oman. Hilton is partnering with The Zubair Corp. to introduce at Barr Al Jissah, a waterfront destination in Oman. Nestled between the cliffs of Al Jissah and the Gulf of Oman, the properties are located just 40 minutes from Muscat International Airport. The hotels include the 180-key Al Husn Hotel Muscat, which, following planned renovations in 2027, will rebrand as a Waldorf Astoria; the 198-key Hilton Muscat Al Bandar; and the 302-key DoubleTree by Hilton Muscat Al Waha. 

Banyan adds residential brand. Banyan Group is launching residential brand Bellaguna, a collection of premium residences designed for year-round living, which are professionally managed by Banyan Group but operated independently from hotel inventory. The first development under the new brand is Bellaguna Lake Residences – Lotus within Laguna Phuket in Thailand.

RBH adds in Scotland. London-based RBH Hospitality Management added the 99-key Ibis Edinburgh Centre Royal Mile in Scotland to its management portfolio. The hotel also marks the start of a new partnership with investor Legal & General. The Ibis Edinburgh Centre Royal Mile hotel marks RBH’s sixth property in the Ibis brand family.