Latest news: Cain hires ex-Six Senses CEO; Mohari, Omnam €280M refi; sale of historic Boston asset

Cain hires former Six Senses CEO. London-based Cain International has appointed Neil Jacobs as a consultant to support the growth of its luxury investment platform and provide advice across Cain’s hotels and luxury assets. Cain’s portfolio includes assets in Miami, New York City, London, Beverly Hills, and Courchevel 1850. The firm has held partnerships and investments with Aman, Delano, Raffles, Six Senses, Soho House, and Rosewood Hotel Group. Jacobs recently launched Wild Origins, a full-service creative advisory collective, after serving as CEO of Six Senses for 13 years.

Mohari, Omnam €280M financing. Cyprus-based Mohari Hospitality and London-based Omnam Investment Group have closed a €280 million financing package to refinance the vendor loan and fund the refurbishment of the Bauer Hotel in Venice. A pool of Italian lenders led the financing transaction. This follows a strategic restructuring in which Bauer SICAF, a newly formed fixed-income investment company, has become the hotel’s owner, which enables Mohari and Omnam to combine their expertise and resources in luxury real estate and hospitality. In addition to the ownership of Hotel Bauer, Bauer SICAF also now owns the adjacent Residenza Grunwald in Venice.

Eurostar acquires in Boston. Eurostars Hotel Co., the hotel division of Barcelona-based Group Hotusa and a leading chain in Spain, has acquired the 80-key The Boxer Boston from Hersha Hotels & Resorts for an undisclosed amount. The hotel was initially built in 1904 and underwent a comprehensive million-dollar renovation in 2013, when it was relaunched as The Boxer. This is Eurostar’s fifth hotel in the U.S. JLL facilitated the transaction. 

Hilton opening first Signia in Texas. Hilton is opening its first Signia in Texas with the conversion of La Cantera Resort & Spa to Signia by Hilton La Cantera Resort & Spa, which will open on October 1. Located in San Antonio overlooking the Texas Hill Country, the sprawling resort will represent the state’s debut of Signia by Hilton. The hotel is owned by Austin, Texas-based Ohana Real Estate Investors and will be managed by Hilton.

First Westin all-inclusive in Mexico. The Westin Resort & Spa Puerto Vallarta is rebranding into an all-inclusive beach resort. Set to be completed by May 2026, the resort will be rebranded as The Westin Playa Vallarta, an All-Inclusive Resort to debut as the first Westin all-inclusive in Mexico. The resort features 281 rooms, including 30 private plunge pool suites and 16 swim-up rooms, alongside 10 culinary and entertainment venues.

Sun acquires in New Mexico. Albuquerque, New Mexico-based Sun Capital Hotels has acquired the 126-key Hyatt Place Albuquerque/Uptown from an institutional seller for an undisclosed amount. Hunter Hotel Advisors facilitated the transaction. The property is Sun’s seventh hotel in Albuquerque and its 12th overall.

Nightfood acquires in California. Tarrytown, New York-based Nightfood Holdings has acquired Victorville Treasure Holdings, owner of a 155-key Holiday Inn property in Victorville, California. The $31 million share exchange agreement, signed and closed as of August 27, represents Nightfood’s first completed hotel acquisition. A second property is near completion and advancing through SEC audit milestones. Together, these acquisitions form the foundation of Nightfood’s AI-driven hospitality platform.

Dreamscape adds in Arizona. Dallas-based Dreamscape Hospitality is assuming management of The Monarch Hotel in Scottsdale, Arizona. The hotel is currently undergoing comprehensive renovations and is set to debut as a JdV by Hyatt property in early 2026.

Choice’s Everhome expands in US. Everhome Suites, the midscale extended-stay brand from Choice Hotels International, continues to grow its nationwide footprint with the opening of seven new properties across the United States. Choice Hotels now has 17 Everhome Suites open, 16 under construction, and 45 in its pipeline. The brand is on track to have nearly 25 hotels open by the end of the year. The company has opened Everhomes Suites in Bozeman, Montana; Ontario and San Bernardino, California; Yuma, Arizona; Newington, New Hampshire; Rochester, New York; and Somerset, New Jersey.

INV acquires 10 hotels in Japan. Japan-based REIT Invincible Investment Corp. (INV) has acquired 10 hotels for JPY34.3 billion from six Japan-based sellers, which are affiliates of New York City-based Fortress Investment Group LLC, according to HVS. The hotels are the 154-key Irago Ocean Resort for JPY6.9 billion; the 188-key Kirishima Kokusai Hotel for JPY6.5 billion; the 68-key Kamenoi Hotel Toba for JPY4.7 billion; the 80-key Kamenoi Hotel Kusatsu Yubatake for JPY4.7 billion; the 75-key Atagawa Ocean Resort for JPY4.2 billion; the 180-key Hotel MyStays Atsugi for JPY3.2 billion; the 61-key Kamenoi Hotel Tsukubasan for JPY3 billion; the 52-key Kamenoi Hotel Kochi for JPY446 million; the 45-key Kamenoi Hotel Chitamihama for JPY372 million and the 40-key Kamenoi Hotel Yanagawa for JPY255 million. The properties all operated by Japan-based hotel management company Iconia Hospitality K.K. INV’s portfolio now includes 114 hotels.

Capital Square acquires lease under Texas hotel. Allen, Virginia-based Capital Square has acquired a 99-year ground lease beneath the newly renovated Le Méridien hotel in downtown Fort Worth, Texas. The unsubordinated ground lease, which has 95 years remaining on its term, was acquired on behalf of CS1031 Zero Coupon DFW Hospitality, DST, a Delaware statutory trust (DST) investment offering. The offering seeks to raise equity from accredited investors with an offering loan-to-value ratio of 77.78 percent.

Radisson adds 4 in France. Radisson Hotel Group is strengthening its presence in France with the signing of four new properties to its growing portfolio. The four properties will take Radisson’s total footprint in France up to 34 hotels, including those under development. The latest additions are Banke Opera Paris; Radisson Blu Hotel, Paris Roissy Charles De Gaulle Airport; Radisson Resort Cannes and Hôtel Beaux Arts Bourges.

Millennium’s first branded residences. Dubai-based Millennium Hotels and Resorts Middle East & Africa is launching its first-ever branded residence with the 85-key Millennium Residences Saadiyat Island in Abu Dhabi.

IHG adds Garner in Thailand. IHG Hotels & Resorts is partnering with Nova Park Co. Ltd. to launch the 153-key Garner Hotel Pattaya Central, set to open on the east coast of Thailand later this year. The signing marks a significant milestone for Garner, IHG’s midscale conversion brand. Since its launch in 2023, it has expanded to 51 open hotels across countries, including Japan, the U.S. and Germany, and 87 pipeline properties.

Lotte JV pursues hotels in Japan. Seoul, South Korea-based Lotte Hotel is establishing a joint venture with Japan’s Lotte Holdings to expand into major overseas cities through franchising and consignment operations, with the goal of becoming Asia’s top global hotel operator within 10 years. Lotte Hotel & Resorts and Lotte Holdings held a ceremony on September 2 in Shinjuku, Tokyo, Japan, to officially launch the JV Lotte Hotels Japan and formalize their joint pursuit of the hotel business in Japan.