Latest news: US down last week; $25M loan in Tennessee; Hilton adds 8 in Turkey

US hotels down last week. The U.S. hotel industry from June 29 through July 5 reported negative year-over-year comparisons, according to CoStar data. Occupancy was 61.1% (-0.4% YOY), ADR was $156.71 (-0.9% YOY) and RevPAR was $95.80 (-1.3% YOY). Among the top 25 markets, St. Louis saw the largest increases in occupancy (+27.1% to 64.0%) and RevPAR (+38.4% to $81.19). San Diego posted the only double-digit jump in ADR (+10.9% to $271.96), while Las Vegas recorded the steepest declines in each of the three key performance metrics: occupancy (-16.8% to 66.7%), ADR (-14.3% to $154.16) and RevPAR (-28.7% to $102.75).

$25M loan in Tennessee. Plano, Texas-based Milap Hotels has secured a $25.45 million loan for the development of a 189-key, dual-branded Hampton Inn and Home2 Suites by Hilton in Antioch, Tennessee. The financing is structured with $15.55 million in senior debt from Mountain Commerce Bank and $9.9 million in CPACE financing provided by Nuveen. HKS Real Estate Advisors arranged the loan.

Hilton adds 8 in Turkey. Hilton has signed eight new hotels in Turkey. Record signings in the first half of the year include the 36-suite Elika Cave Suites Cappadocia, Curio Collection, Hilton’s first cave hotel opening in late 2025. The properties will open under a range of brands and include debuts for Hilton in several new destinations across Türkiye. The hotels include the Palazzo Donizetti, Tapestry Collection by Hilton, which will open this fall; the 92-key Hotel Konak Izmir, Tapestry Collection by Hilton, which is scheduled to open in July 2026; the 153-key DoubleTree by Hilton Izmir Karsiyaka, which is scheduled to open in July 2026; the 94-key DoubleTree by Hilton Edirne, which is scheduled to open next spring; the 100-key Hilton Garden Inn Mersin Forum, which is scheduled to open in October 2026; the 160-key Hilton Garden Inn Samsun, which is scheduled to open in December 2027; and the 82-key Hampton by Hilton Mardin Midyat which will open in January 2027.

Spark acquires in Detroit. Cleveland-based Spark GHC has acquired the 107-key Residence Inn Detroit Novi from an institutional seller for an undisclosed amount on June 26. Hunter Hotel Advisors facilitated the transaction.

ALG adds Hyatt’s Playa properties. ALG Vacations has integrated 13 Hyatt Inclusive Collection properties into its booking system, following Hyatt’s recent acquisition of Playa Hotels & Resorts. The addition includes five newly rebranded properties and eight existing Hyatt Ziva and Hyatt Zilara resorts across Mexico and the Caribbean. They include the Hyatt Vivid Playa del Carmen; Sunscape Cancun Resort & Spa; Hyatt Ziva Cancun; Hyatt Zilara Cancun; Hyatt Ziva Los Cabos; Hyatt Ziva Puerto Vallarta in Mexico; Secrets La Romana Resort & Spa and Dreams La Romana Resort & Spa in the Dominican Republic; Dreams Rose Hall Resort & Spa, Hyatt Ziva Rose Hall and Hyatt Zilara Rose Hall in Jamaica; and the Hyatt Ziva Cap Cana and Hyatt Zilara Cap Cana in the Dominican Republic.

Curator adds 6 to collection. Bethesda, Maryland-based Curator Hotel & Resort Collection is adding six new member properties to its portfolio. These new hotels expand Curator’s footprint across California, Florida, and Arizona. The hotels include: 11 North in Jacksonville Beach, Florida; Bellanca Hotel in Avalon, California; Heat Hotel in Lake Havasu City, Arizona; Tower23 Hotel in San Diego; Padre Hotel in Bakersfield, California; and Rambler Motel in Chula Vista, California.

Radisson signs 4 in India. Radisson Hotel Group is partnering with Ahmedabad, India-based Nile Hospitality to strengthen its presence in India with the signing of four new properties under the Park Inn & Suites by Radisson brand in Siliguri, Rajkot, Bhuj and Darbhanga.