Breaking news about deals, development, data and more.
Trailborns in Colorado trade. Hospitality investment and development company Storie Co.,
in partnership with Cleveland-based real estate investment firm GBX Group,
completed the acquisition of Trailhead Lodge Rocy Mountains and The Outpost
Rocky in Estes Park, Colorado. Following the transaction, Storie Co.
hired Leisure Hotels & Resorts for operational management, with the
properties rebranding from their former Trailborn identities to Trailhead Lodge
Rocky Mountains and The Outpost Rocky Mountains. Storie Co. intends to develop
eight additional cabins on the site to support extended stays, particularly
during peak visitation periods. Looking ahead, ownership is also preparing for
the anticipated impact of the Sundance Film Festival’s planned transition to
Boulder, which is expected to further elevate regional demand and national
visibility.
Financing for Moxy Menlo Park. Bayview Commercial Mortgage Finance has closed $66.3 million
in combined financing for the new 163-room Moxy Hotel in Menlo Park,
California, being developed by Menlo Park Hotel Group (a joint venture of
Nexera Capital and Titan Management) and anticipated to open in January 2028 next
to Meta headquarters and Snowflake’s new 773,000 square-foot Bay Area
headquarters. The financing consists of $30.2 million in C-PACE funding and
$36.1 million in construction financing. JLL Capital Markets facilitated the
transaction for the seven-story, Marriott-flagged hotel.
Biggest voco in Americas. IHG Hotels & Resorts’ voco hotels brand has opened its
biggest properties in the Amercas, the voco Times Square – Broadway, joining
two exist vocos in the city. voco Times Square – Broadway, at the intersection
of Seventh Ave. and West 48th St., opens as a 32-story hotel with 419
guest rooms. IHG said the hotel is one of the final new-build developments
approved in this landmark neighborhood. Across the globe, there are 124 voco
hotels open and operating, with an additional 108 in the development pipeline.
G6 pulls back from AAHOA. G6 Hospitality is reportedly stepping back from its current
level of engagement with AAHOA with plans to expand its connection with the AH&LA
as well as regional associations focused “on practical owner issues such as
insurance costs, local regulation, labor availability and safety initiatives.” In
a letter to franchisees, G6 CEO Sonal Sinha said a recent review of the AAHOA relationship
found that their interests were no longer as aligned and that the AH&LA advocates
more based on the operating realities of economy and extended-stay lodging. Sinha
added that G6, the parent company of the Motel 6 and Studio 6 brands, remains
open to future collaboration with AAHOA should alignment improve.
Rare Find for Kerzner. Kerzner International Holdings Ltd. has assumed management
of Shamwari Private Game Reserve in Eastern Cape, South Africa, owned by
Investment Corporation of Dubai, effective April 1, 2026. In addition to the
reserve’s Hospitality Division, Kerzner will also manage the sales Shamwari
Air, the property’s dedicated private aviation service. The Reserve will join Kerzner’s
Rare Finds portfolio committed to distinctive, conservation-led destinations
across Africa. Joe Cloete will continue to lead the team at Shamwari Private
Game Reserve. He has been with the property for 34 years.
Deicorp adding AC in Sydney. Australian property developer Deicorp Partners, with operator
Trilogy Hotels and franchisor Marriott International, will launch Sydney’s
First AC by Marriott Hotel in late 2027 near Hyde Park and Museum Station. The
104-room property will be part of the Hyde Metropolitan mixed-use tower
featuring 169 residences. The AC brand has more than 250 hotels worldwide and a
further 180 in the pipeline. Independent hotel management company Trilogy
Hotels currently manages 18 investment-grade hotels across Australia.
Indigo to Phuket. IHG Hotels & Resorts has signed the Hotel Indigo
Phuket Nai Yang Beach in Thailand in partnership with AssetWise Public Co.
and its subsidiary Rhom Bho Property Public Co. Ltd. Opening in 2030, the
170-key hotel add to more than 190 open hotels and over 130 properties in the Indigo
development pipeline. The signing of Hotel Indigo Phuket Nai Yang Beach extends
IHG’s partnership with AssetWise to two upcoming projects in Phuket – joining
voco Phuket Bangtao, both currently in the design and construction stage. The
hotel will join 37 other properties in IHG’s development pipeline in Thailand,
which is set to extend the company’s presence in the country to more than 80
hotels within the next three to five years.
New Ryman note. Ryman Hospitality Properties subsidiaries, RHP Hotel
Properties, LP and RHP Finance Corp., intend to offer, in a private placement,
subject to market and other conditions, $700 million aggregate principal amount
of senior notes due 2034. The notes will be senior unsecured obligations of the
Issuers and guaranteed by Ryman and its subsidiaries that guarantee the
Operating Partnership’s existing credit facility and the Issuers’ outstanding
senior unsecured notes. The Issuers intend to use the net proceeds of the
offering, together with available cash, to redeem in full the Issuers’ 4.750%
senior notes due 2027 , including accrued and unpaid interest on the 2027 notes
and related fees and expenses.