Latest news: Rosewood adds in Napa; Olympia buys in Colorado; Canada hotels spike

Rosewood adds in Napa Valley. Hong Kong-based Rosewood Hotels & Resorts is adding the Rosewood Calistoga and Rosewood Residences Calistoga in California, which is scheduled to open in 2027. Envisioned as a living ecosystem, the property will offer a reimagined wine country retreat and residential enclave.

Olympia acquires in Colorado. Portland, Maine-based Olympia Hospitality has acquired the 139-key Hilton Garden Inn Arvada in Aurora, Colorado, from an undisclosed seller for an undisclosed amount. Olympia has had a 20-year-plus relationship with the Hilton Garden Inn brand since its first acquisition in 2003.

Canada hotel occupancy spikes. Canada’s hotel industry reported its highest occupancy level since August 2019, according to the latest data from CoStar.  For July 2025, occupancy was 77.6% (+3% year-over-year); ADR was CAD248.50 (+5.3%) and RevPAR was CAD192.75 (+8.5%). The year-over-year growth rates across each of the three key performance metrics were Canada’s highest this year. Among the provinces and territories, Manitoba posted the highest increases in each of the three key performance metrics: occupancy (+14.8% to 80.9%), ADR (+14.5% to CAD180.01) and RevPAR (+31.5% to CAD145.71). Quebec was the only province to show a decline in occupancy (-1.2% to 75.7%). All of the provinces/territories saw an increase in ADR and RevPAR. Among the major markets, Ottawa-Gatineau saw the largest occupancy gain (+6.5% to 74.4%).

JLL Global Hotel Investment Report. Global RevPAR continues to reach historic levels; however, growth has begun to moderate amid worsening consumer sentiment as geopolitical volatility increases, according to JLL’s Global Hotel Investment Trends report. The report said supply growth is expected to remain muted as construction costs continue to be elevated, which should benefit existing hotels, particularly those in urban and other high-barrier-to-entry markets. Transaction volume is softening amid heightened uncertainty as investors struggle to underwrite portfolios and large deals, but there is significant dry powder on the sidelines. That fact, coupled with increased debt maturities, should fuel additional activity in H2, the report said. Price per key has grown modestly, driven by increased demand for luxury assets. Bifurcation persists, though, as select-service trades fuel the bulk of liquidity underpinned by smaller check sizes. The report also said private equity and high net worth individuals are the most acquisitive, driven by significant dry powder on hand and lower leverage requirements, respectively. Foreign investment has been limited as geopolitical volatility increases.

$40M in funding for Kasa. New York City-based Kasa, the leading tech-enabled hospitality brand and manager for boutique hotel and apartment-style lodging properties, has secured a $40 million growth investment led by SLW. With this funding, Kasa will accelerate investment in the technology and AI capabilities powering its proprietary hospitality operating system that delivers stronger performance across its portfolio, enhancing both the guest experience and owner outcomes.

Wolseley joins GHA. The Global Hotel Alliance is partnering with Wolseley Hospitality Group, which is the first restaurant group to partner with the alliance. Wolseley operates European dining concepts around London. In July, Bangkok-based Minor Hotels said it was launching four new brands to support aggressive growth plans and enable it to expand into new markets, including The Wolseley Hotels, a luxury brand based on the London restaurant. When asked about the brand, Minor Chief Commercial Officer Ian Di Tullio said, “History is history. It happens in many businesses… The goal here is to preserve the identity and the legacy that Jeremy [King] and the team have built… Some people will take sides, but hopefully what they’ll see is that this is a unique opportunity to bring a slice of the magic to the world.”

Hotel101 adds in Cambodia. Singapore-based Hotel101 Global Pte. Ltd. has entered into a definitive agreement with Cambodia-based Canopy Sands Development Co. Ltd. to develop two Hotel101 projects in Cambodia, which are expected to be among the largest hotels in the country by number of rooms upon completion. The Hotel101–Phnom Penh will have approximately 700 rooms and the Hotel101–Sihanoukville will have approximately 680 rooms.

Jaz adds in Zanzibar. Giza, Egypt-based Jaz Hotel Group is opening the 346-key Jaz Elite Aurora, an all-inclusive family resort on Zanzibar’s east coast, in September. The hotel will also feature four private villas. Jaz currently manages a portfolio of 58 hotels and resorts in Egypt and the Middle East.