Latest news: IHG to triple in India; Atari craps out in Vegas; IHCL acquires Brij

IHG to scale India presence. With more than 50 open hotels and 80 in development, comprising close to 12,000 rooms, IHG Hotels & Resorts is set to more than triple its estate in India over the next five years. India remains a key growth engine for IHG and delivered a third consecutive year of record signings in 2025. This momentum supports IHG’s ambition to open and develop more than 400 hotels over the next five years. IHG currently has hotels opened or signed across eight brands in India within luxury, premium and midscale categories. IHG will also debut its Vignette Collection brand in early 2026 to further accelerate its presence in the Luxury & Lifestyle category in India.

Atari shuts down in Vegas. Developers said an Atari Hotel, announced six years ago for Las Vegas, won’t open as the company narrows its focus to its planned development in Phoenix. Plans for the Vegas Atari hotel were initially announced in January 2020, along with seven other cities, but COVID slowed and eventually shut down those plans.

IHCL acquires Brij Hospitality. Indian Hotels Co. Ltd. (IHCL) has signed definitive agreements to acquire a 51% stake in Brij Hospitality, the owner of the brand ‘Brij’, a boutique experiential leisure offering. Brij has a portfolio of 22 hotels with 11 in the pipeline. Through this acquisition, IHCL will gain ownership of the Brij brand and, in collaboration with its founding promoters, aims to develop the boutique leisure segment in India. Brij Hotels is a collection of boutique luxury hotels and resorts in India, including Varanasi, Jawai, Dalhousie and Jaipur.

$7.7M refi in Texas. Park City, Utah-based Okoa Capital has secured a $7.7 million refinance for the 86-key Fairfield Inn & Suites in Waxahachie, Texas, in the DFW metropolitan area. Arriba Capital provided the financing. The borrower originally held a second lien position on the asset and acquired ownership by foreclosing on their note. With the original first lien still in place, they needed a lender willing to refinance out the existing debt while providing runway to reposition and market the hotel for sale.

Atlanta hotel sells. Hodges Ward Elliott has brokered the sale of the 220-key SpringHill Suites Atlanta Buckhead to an institutional buyer. The new owners plan a comprehensive renovation that will include guest rooms, meeting spaces, public spaces and amenities, and will significantly upgrade the hotel’s technological infrastructure, back-of-house spaces and building envelope.

Ivy adds in Indiana. Indianapolis, Indiana-based Ivy Hospitality has added the 130-key Springhill Suites by Marriott Fishers in Indianapolis to its management portfolio.

Lake Placid hotel rebrands. The Bluebird Lake Placid in Lake Placid, New York, has rebranded as the Laurel Lake Placid. The 90-key independent hotel has officially debuted in the Adirondacks. Philadelphia-based HHM Hotels operates the property.

Revo insolvency. Europe’s largest white-label hotel operator Revo Hospitality Group has filed for insolvency under self-administration at the Charlottenburg District Court in Berlin for approximately 140 companies. Operations at approximately 125 affected hotels, predominantly in Germany and Austria, will continue and supervised by court-appointed administrators. However, it has been reported that Accor blocked the booking systems for numerous Revo hotels. The company was formed in 2008, grew to 51 hotels by 2020 and to 250 hotels today with annual revenue of €1.3 billion and around 8,300 employees. GT Restructuring has been appointed managing directors of the affected companies and stated it plans to solicit international investors to help turn around the business.

Royalton acquires in Cancun. St. Michael, Barbados-based Royalton Hotels & Resorts and Mexico-based investment platform Alojica have finalized the purchase of the 372-key The Westin Resort & Spa, Cancun, in Mexico, from affiliates of Marriott Vacations Worldwide for an undisclosed amount. Royalton is planning renovations to turn it into an all-inclusive hotel in the Marriott portfolio.

Mitsis launches new brand. Mitsis has launched Canvas by Mitsis, a new hospitality brand inspired by the essence of simple, warm, and authentic Greek hospitality. The new brand brings together six 4-star hotels across Greece.

BWH adds in India. BWH has signed off on a new Best Western hotel in Almora, Uttarakhand, marking the brand’s entry into the Kumaon region in India. The hotel is expected to open by the end of 2027.

Radisson adds Red in India. Radisson Hotel Group is opening its second Radisson Red Hotel in Indore, marking expansion across India's rapidly growing Tier-II cities. The 115-key hotel will be one of over 200 hotels in operation and development in the country.