Latest news: Banyan Tree resi to US; Cloud One to Miami; OTH adds 2

First Banyan Tree in US. Singapore-based Banyan Group, in collaboration with Coconut Grove, Florida-based Mast Capital and South Florida-based Curated JCZM Development, are launching sales for the Banyan Tree Residences West Palm Beach in Florida, which will be the company’s first hotel or branded residential in the U.S. The tower will have 88 private residences and will feature a Sanctuary Club, where owners have access to Banyan Group’s ecosystem of more than 100 hotels and resorts and over 140 spas and galleries in more than 20 countries worldwide.

Cloud One to Miami. The Büschl Group and ALP.X Group are developing a new Cloud One in Miami. The eight-story, Cloud One Hotel and Residences will be the first property to combine a hotel and branded residences under The Cloud One name. It will feature 214 hotel rooms and 85 residences. The Miami project is part of a broader strategy for Munich-based Motel One Group in the U.S. following the successful launch of The Cloud One New York-Downtown.

OTH adds two in Pennsylvania. Williamsburg, Virginia-based OTH Hotels Resorts has added two management contracts in Pennsylvania and has entered the Gettysburg market. The 152-room Courtyard by Marriott Gettysburg Courtyard Gettysburg features 2,000 sq. ft. of meeting space and the 248-key Wyndham Gettysburg Hotel & Conference Center has 62,500 sq. ft. of flexible meeting and events space. The additions bring OTH’s portfolio to 18 hotels across the eastern U.S.

$15M loan in Georgia. Savannah, Georgia-based Arya Hospitality has secured construction financing of reportedly more than $15 million for a dual-branded, 146-room SpringHill Suites and TownePlace Suites Marriott hotel in Savannah. Greysteel secured the loan and an Atlanta-based regional bank provided financing for the project.

Sofitel to Argentina. Accor’s Sofitel is partnering with Argentina-based Northbaires to launch its first branded residences in Argentina with the Sofitel Residences Buenos Aires Madero. The project will feature a 43-story luxury residential tower with 188 residences. The project is scheduled to be completed by 2028.

Resident rebrands to Sirius. Resident Hotels, the privately owned independent hotel company behind the The Resident hotel brand, is rebranding as The Sirius Hotel Group. The Sirius Hotel Group’s strategy is to grow its portfolio by more than 20 hotels over the next 6 to 10 years, bringing the group to 31 hotels.

IHG adds in India. IHG Hotels & Resorts has signed a management agreement with New Delhi, India-based Harisons Hotels & Resorts Pvt. Ltd. to open the 150-key Crowne Plaza Resort Gurgaon Sohna in New Delhi. The hotel is scheduled to open in the first quarter of 2029. IHG currently operates 51 hotels across six brands in India and has a pipeline of 89 hotels due to open over the next three to five years.