Latest news: $2B ESA platform refi; Four Seasons to Telluride; White Lodging development

PE giants refi ESA platform. Through a CMBS offering, Blackstone and Starwood Capital Group are refinancing $1.94 billion in hotel debt associated with their ESH Hospitality platform, which operates 220 Extended Stay America hotels in 33 states.

Four Seasons partners in Telluride. After more than seven years working on this project, Four Seasons Hotels and Resort and development partners Fort Partners and Merrimac Ventures have announced plans for the Four Seasons Resort and Residences Telluride, which will feature 52 guestrooms, 43 hotel residences and 26 private residences. No construction or opening dates have been announced.

White Lodging develops in Texas. Owner-operator White Lodging has acquired a 3.5-acre parcel in the historic Fort Worth Stockyards in Texas and is exploring plans to transform the site with a hotel and restaurant. It is also considering opportunities for larger mixed-use destination amenities. This is White Lodging’s first project in the Dallas/Fort Worth area since the late 1990s. Across Texas in Austin and San Antonio, White Lodging has 16 premium brand hotels and more than 20 independently branded restaurants, bars and rooftops. In total, White Lodging’s portfolio includes approximately 60 hotels, more than 50 restaurants and bars, and a collection of luxury ranches including the award-winning Brush Creek Ranch.

Kerzner brand adds Miami. Kerzner International, with local partners 13th Floor Investments and Forse Holdings, have announced Siro Brickell, Miami, the first Siro Hotels and branded residences in the U.S. set to open in 2030.

Echo Suites financing. Echo Suites construction loan. The Sandpiper Group of Companies, a Richmond, Virginia-based developer, has received a $12.2 million construction loan for a new Echo Suites Extended Stay by Wyndham development at Chandler Airport Center near Phoenix. Concord Summit Capital arranged the loan for four-story, 124-room project, marking the second Echo Suites in Arizona it financed on behalf of The Sandpiper Group of Companies.

Economy extended-stay resilient. The 3.9% decline in total extended-stay hotel RevPAR in August was the fifth consecutive monthly fall and the largest in 2025, according to The Highland Group. Economy segment extended-stay hotels reported a 1.3% decline in RevPAR which was far lower than the 5.7% contraction STR/CoStar estimated for all economy class hotels. It was also a smaller decline than all classes of hotels except upper upscale and luxury segments which are leading the overall U.S. hotel industry.

Best Western deal in Europe. BWH Hotels is merging its Southeastern Europe office, based in Athens, with its Italy & Malta office, based in Milan, creating BWH Hotels Italy & Southeastern Europe with more than 200 hotels with 14,000 rooms across more than 110 destinations in 15 countries. The Athens and Milan offices will continue to operate with a joint business plan, focusing on portfolio expansion, new member services, and strengthening service quality.

The Pig adds COO. KSL Capital Partner-owned The Pig Hotel Group in the U.K. has hired Peter Hannah for the newly created COO role to work alongside recently appointed CEO Kevin Styles. Hannah was most recently group operations director at The Jamie Oliver Group. He also worked at Vue Entertainment, where Styles worked as group managing director until March 2022.

Hyatt grows in India. Hyatt Hotels Corp. has signed a deal for The Landmark Kanpur in India, which will become part of the JdV by Hyatt brand. The hotel is owned by Som Datt Landmark Hotels and Recreations Pvt. Ltd. and is expected to open in 2026. The hotel will feature 170 rooms, a spa, four food and beverage outlets, and varied event facilities including a 7,200 square foot lawn on the 21st floor.

IHG training in KSA. IHG Hotels & Resorts has launched Masarona by IHG, a hotel talent development program for Saudi nationals. The program name means “Our Pathway” in Arabic. Today, nearly 50% of IHG’s workforce in Saudi Arabia are Saudi nationals, and IHG said this new program complements its existing learning and development framework, IHG University, which provides tailored ‘always-on’ content and resources to support hotel colleagues and hotel leaders.

Accor hones F&B focus. Accor has launched Table For – an in-house food and beverage group designed to set new standards in culinary experience, creativity and commercial performance. Its first restaurant, Flaminia, will open at Pullman Quay Grand Sydney Harbour this summer, with new concepts set to follow. Table For will unite internal experts across culinary, operations, design and guest experience, supported by select collaborators. Table For will support the group’s wider network of owners, developers and franchisees.