Latest news: Canyon, Six Senses to Utah; Loews 3rd in Arlington; AAHOA founder dies

IHG, Canyon creating Six Senses. IHG Hotels & Resorts has signed a new Six Senses luxury resort and residential community with owners Canyon Global Partners for southern Utah with 41 luxury tented pavilions and 12 branded residences. Scheduled to open in 2029, the 480-acre Six Senses Camp Korongo will be located near the area’s top national parks (Zion, Bryce Canyon, Grand Canyon and Arches) and feature a spa and tailored outdoor programming. IHG and Six Senses will manage the property. Other Americas Six Senses in the pipeline include pipeline properties in Belize, Mexico, Pennsylvania and Colorado.

Loews grows in Arlington. Lowes Hotels & Co. has announced plans for 507-room Americana by Loews Hotels – Arlington, Texas, its third hotel in city’s Entertainment District. Set to replace the existing Sheraton Arlington Hotel, which will be demolished in June, the new Loews hotel will be the brand’s 28th property. The property will offer more than 83,000 square feet of meeting and event space, including a 10,000-square foot, Event Barn, for large-scale gatherings. With the opening of the third hotel, the Loews Hotels & Co campus in Arlington will have a total of 1,695 guest rooms and more than 374,000 square feet of indoor and outdoor meeting space.

Selig refis in Atlanta. JLL Capital Markets has arranged the refinancing for Selig Enterprises’ Epicurean Atlanta, a 178-key boutique Marriott Autograph Collection hotel located in Midtown Atlanta's arts and entertainment district, with Great Southern Bank providing the loan. The 16-story property serves as the hospitality anchor for Selig’s West Peachtree mixed-use development and features multiple dining outlets, meeting spaces, and amenities including a rooftop pool and outdoor terrace.

AAHOA founder dies. AAHOA announced the passing of Ravi Patel, who served as AAHOA chairman from 1992-93. Patel was a founding member of the association and the chairman of Charlotte-based SREE Hotels. “The AAHOA family is deeply saddened by the loss of a true visionary and a foundational pillar of our association,” said AAHOA Chairman Kamalesh (KP) Patel. “Ravi was not just a leader; he was an architect of this organization. During his tenure as Chairman, he took a formative idea and gave it a home—literally and figuratively—by drafting our bylaws and establishing our first headquarters. His transition from chemical engineering to hospitality is a testament to the American Dream, and his legacy lives on in the 30-plus hotels he built and the thousands of hoteliers he inspired.” Patel’s journey in the hospitality industry began in 1980 with the acquisition of a roadside motel in Florence, South Carolina. Drawing on his engineering background, he renovated and repositioned the property as an EconoLodge, turning it into a success that became the cornerstone of SREE Hotels, which he co-founded with Chandra Patel.

Comparing 2025 v 2024 big deals in US. The LW Hospitality Advisors 2025 Select Major U.S. Hotel Sales Survey includes 392 single transactions over $10 million. These transactions totaled nearly $15 billion and included approximately 70,700 hotel rooms with an average deal size of $38 million, and an average sale price per room of $211,000. In comparison, the 2024 LWHA survey included 356 single transactions of $10 million or more. These transactions totaled just over $14.3 billion and included approximately 58,900 hotel rooms with an average deal size of $40.2 million and an average sale price per room of $243,000. Comparing 2025 with 2024, the number of trades increased 10% while total dollar volume grew roughly 5%, average deal size declined nearly 5% and sale price per room declined 13%.

Big trading year in Canada. Colliers estimates more than $2.2 billion of hotel transactions in Canada in 2025, representing a 11% year-over-year increase. Approximately 75% of national sale volume took place in Eastern Canada, led by Ontario (54%), followed by Quebec (12%) and the Atlantic provinces (7%). Western Canada sale volume declined 20%, driven by a slowdown in high-water-mark transactions in Alberta. Large single-asset transactions lifted trading volume in Canada’s largest metro areas by 30% year-over-year, pushing total volume above $1.4 billion. Average pricing reached a record $219,000 per key, driven by significant activity in major markets. Investors continued to place significant capital in secondary/tertiary markets which accounted for nearly 70% of the hotels sold in 2025, reflecting steady investor demand beyond gateway cities, according to Colliers. 

Cerberus sells in Mallorca. Spanish owner-operator Hoteles Globales has acquired three hotels (488 rooms) in Mallorca, Spain, from American private equity firm Cerberus Capital Management. The portfolio includes the 233-room Caprice Janeiro, the 142-room Caprice Concord and the 113-room Caprice Isabel. Cerberus acquired the three former Ferrer Hotels three years ago and, following their disposal, will retain ownership of the management company to continue with the expansion of the platform in the Spanish leisure market.

Nice hotel trades. French family-owned hotel owner-operator Compagnie Hôtelière de Bagatelle has acquired the 53-room Hôtel La Pérouse in Nice, France, from a joint venture between French private equity firm Extendam, French hotel investment and asset management company Capital Hospitality Europe (CHE) and French family office Cèdre Capital Familial, for an amount reported to be around €60 million (€1.1 million per room). The JV acquired the hotel in 2021 and renovated the entire property. CHE operated the hotel throughout the JV’s ownership period.

Crestline adds in SF. Crestline Hotels & Resorts has been selected to manage the 236-room Hotel Spero Vignette Collection an IHG Hotel at Union Square in San Francisco. The hotel’s signature restaurant will undergo a transformation and repositioning in the coming months. The deal marks Crestline’s ninth hotel in California. Crestline currently manages 115 hotels, resorts, and conference centers with nearly 16,500 rooms in 23 states and the District of Columbia.

Peachtree adds SBA lender. Peachtree Group has completed the acquisition of First Western SBLC, LLC (formerly known as First Western SBLC, Inc.), which operates as PMC Commercial Trust, a Dallas-based nationwide direct lender specializing in SBA 7(a) loans. PMC will continue operating under its existing name following the transaction, which received approval from the U.S. Small Business Administration and closed effective immediately. With the acquisition complete, Peachtree will offer SBA 7(a) loans ranging from $50,000 to $5,000,000 to support business acquisitions, real estate purchases, equipment financing, working capital and refinancing. Joining Peachtree is Barry Berlin, who will oversee the integration of PMC’s lending business and serve as senior advisor for government-regulated lending. Laurie Ivy, who has served as president of PMC since 2020, will oversee day-to-day SBA operations.