Latest news: Outbound develops in Utah; new property in Dallas; HEI adds 3 in Texas

Outbound adding in Utah. Outbound Hotels is developing the 182-key Outbound Park City, an alpine retreat set to open in early 2027 following a comprehensive reimagination of the property. Outbound Park City follows earlier investments between investor Barings and Waterton, including The Virginian Lodge in Jackson Hole, Outbound Stowe in Vermont, and the planned Outbound Sedona, set to open in the second quarter of this year.

Uptown Dallas hotel planned. A pair of Dallas-based companies, Cawley Partners and Alamo Manhattan, have acquired a 27,000-sq. ft. office building in Uptown Dallas from First United Trust for an undisclosed amount. The developers intend to tear down the building and turn it into a $50 million hotel, according to The Dallas Morning News. Construction is expected to start in 18 months. The hotel will have around 140 keys and the developers are in talks with different operators.

$200M C-PACE deal in Florida. The Okan Group has secured $200 million in C-PACE financing for Okan Tower, a 72-story mixed-use high-rise in Miami. The project will be the second tallest high rise in Florida and contains 163 luxury condo residences, branded as Sky Residences, and 236 condo-hotel units available for sale and managed by Hilton as well as a 316-key Hilton hotel. Bayview PACE, a division of Coral Gables, Florida-based Bayview Commercial Mortgage Financing, provided the funding. 

HEI adds 3 in Texas. Norwalk, Connecticut-based HEI Hotels & Resorts has added three properties in The Woodlands, Texas, to its portfolio. The portfolio includes The Woodlands Resort, Curio Collection by Hilton; The Westin at The Woodlands; and the Embassy Suites The Woodlands at Hughes Landing. Los Angeles-based Ascendant Capital Partners recently acquired all three properties.

LondonMetric adds 9 in the UK. London-based REIT LondonMetric Property has acquired nine Premier Inn hotels in the U.K. in a sale-and-leaseback deal for £89 million. The deal adds 955 rooms to LondonMetric’s portfolio and increases the company’s ownership to 22 Premier Inn assets, making it Whitbread’s fourth largest occupier. In September, LondonMetric completed a £44 million acquisition of five hotels from Whitbread.

Refi in Atlanta. Atlanta-based REM Associates has refinanced the 265-key Candler Hotel in Atlanta. The hotel, which is part of Hilton’s Curio Collection and managed by Highgate Hotels, is near Hartsfield-Jackson Atlanta International Airport. Peachtree facilitated the transaction.

Kinseth adds in New York. Coralville, Iowa-based Kinseth Hospitality Companies (KHC) has added the 134-key Courtyard by Marriott Middletown Goshen in Middletown, New York, to its management portfolio. This is KHC’s first property in New York.

IHG adds in Thailand. IHG Hotels & Resorts is partnering with Proud Real Estate Public Co. Ltd. (PROUD) for the 111-key The Residences at InterContinental Phuket Resort. Each residence is connected to the InterContinental Phuket Resort in Thailand. IHG and PROUD have another branded residence project in Thailand in the InterContinental Residences Hua Hin.

The Belize Collection adds in Placencia. Belmopan City, Belize-based The Belize Collection has taken over management of the Blue Reef Beach Resort and Marina, a beachfront property in Placencia, Belize, formerly known as Robert’s Grove Beach Resort. The transition includes Blue Reef Beach Resort, Blue Reef Island, the marina, and two on-site restaurants. Blue Reef Beach joins The Belize Collection’s portfolio of hospitality experiences across Southern Belize alongside flagship resort The Rainforest Lodge at Sleeping Giant and The Lodge at Jaguar Reef.

Melia adds in Italy. Palma, Spain-based Melia Hotels International has expanded its presence in Italy, signing a deal to add a hotel in the Dolomites to its Affiliated by Melia collection brand. The new 53-key hotel will join the group when it opens in May and will be Melia’s 16th hotel in Italy.

Kimpton debuts in Malaysia. Kimpton is making its Malaysian debut with the opening of Kimpton Naluria Kuala Lumpur. Owned by LQ Hotel Sdn Bhd, a joint venture between Lendlease and TRX City Sdn Bhd, this opening is within the Tun Razak Exchange (TRX) district - Kuala Lumpur’s lifestyle and business hub.