Latest news: New Rosewood residences; 1 Central Park deal closes; IHG adds in AUS

Rosewood opening standalone residences in Mexico. Hong Kong-based Rosewood Hotels & Resorts is opening its first standalone private estate with the Rosewood Residences Old Lighthouse in Los Cabos, Mexico. The 550-acre project will have 144 residences and private amenities, including restaurants, a beach club and a private golf course. Rosewood is partnering with the Coppel family on the project, which will have its first sales phase in late 2024.

Host closes on 1 Hotel Central Park. Bethesda, Maryland-based Host Hotels & Resorts has closed on the $265 million acquisition of the 234-key 1 Hotel Central Park from Starwood Capital Group. The sale of the New York City hotel, which was previously reported, closed on July 12. Starwood will continue to operate the property under a 25-year management agreement.

IHG adding two Crown Plazas in Sydney. IHG Hotels & Resorts is adding two Crown Plaza hotels in Sydney as part of a portfolio agreement with Frank and Wade Huang of New South Wales, Australia-based Star Millennium Pty. Ltd. The 196-key Crowne Plaza Macquarie Park is scheduled to open in early 2025 after a renovation, transitioning from a Courtyard by Marriott. The 252-key Holiday Inn Sydney Airport will be rebranded as Crowne Plaza Sydney Airport in September. Sydney-based Trilogy Hotels will manage both hotels.

Georgia hotel sells. Rock Hill, South Carolina-based Warren Norman Co. has sold the 99-key Hampton Inn Atlanta-Fairburn in Fairburn, Georgia, to John Leonard for an undisclosed amount. Marcus & Millichap facilitated the deal.

Bob W, OCIM fund to convert assets to aparthotels. Helsinki-based hospitality operator Bob W and London-based Osborne+Co Investment Management (OCIM) have launched a £120 million equity raise to acquire and repurpose hotel and office assets into high-quality short-term serviced apartments. The fund will mirror OCIM’s European footprint of offices, targeting markets including Ireland, Portugal, Spain, Poland and the U.K. The joint venture plans to transform 20-25 buildings into 1,500-2,000 apartments and targets a GDV over £400 million for its initial development pipeline. The JV expects its first assets to be operational within 18 months.

Catalonia acquires in Spain. Barcelona-based Catalonia Hotels & Resorts has acquired the 105-key Vincci Málaga hotel in Málaga, Spain, from Barcelona-based Hotel Investment Partners (HIP) for an undisclosed amount. This is Catalonia’s first hotel in Málaga. It has 77 hotels and resorts and 3,000 rooms in more than 25 locations worldwide. It expects to add another hotel in a historic building in Puerta del Mar by the end of 2024.

First Sponsor acquires in Sydney. Singapore-based First Sponsor has acquired Sydney’s City Tattersalls Club in Australia for A$24.7 million ($16.7 million) and is planning to redevelop it into a 50-story residential and hotel project. The property, which will include 241 apartments, an upscale hotel, and an event space, is being developed by Singapore-based City Developments Ltd. and Melbourne-based ICD Property.

Princess adding two in Jamaica. Spain-based Princess Hotels & Resorts Group is opening two new resorts in Jamaica in September. The Princess Senses The Mangrove will be an adults-only all-inclusive resort, while the Princess Grand Jamaica will be an all-inclusive, family-friendly resort.

Accor adding in Wenzhou. Accor Greater China has signed a dual-branded project on Banping Island in Wenzhou, China, featuring the debut of Peppers Edge – a new regional guesthouse brand extension of Australia-based Peppers. The 235-key Peppers Edge hotel will be paired with a 135-key MGallery luxury resort hotel, and both are expected to open in late 2027. MGallery has five open hotels in China, with five more opening this year.

GHA reports strong Q2 performance. Dubai-based Global Hotel Alliance reported room nights growth of 13.4% in and up 17.3% year to date as part of its second-quarter results. GHA said its total first-half revenues of 2024 were $1.3 billion versus $1.1 billion in the first half of 2023. It also said its loyalty program enrollment increased by 20% in the second quarter to 27 million members.