Latest news: Dallas foreclosure; Evolution adds in Florida; Corinthia to Como

Dallas hotel faces foreclosure. Charlotte, North Carolina-based NB Holdings is facing foreclosure of its 258-key Le Meridien Dallas hotel in Texas, according to The Real Deal. The owner allegedly defaulted on the $42.8 million loan tied to the property, according to Roddy’s Foreclosure Listing Service. Morgan Stanley provided the mortgage in 2019, according to records. NB Holdings bought the property in 2015. The property was built in 2002 and renovated in 2009, when it was flagged as a Le Meridien. According to the Real Deal, NB Holdings filed for Chapter 11 bankruptcy protection in April 2022 and completed the bankruptcy process in March 2024.

Evolution adds in Florida. Evolution Hospitality, a subsidiary of Plano, Texas-based Aimbridge Hospitality, has added the 82-key Balfour Miami Beach in Florida to its management portfolio. The boutique art deco hotel was built in the 1940s and is part of Wyndham Hotels & Resorts’ Registry Collection Hotels. Toronto-based asset manager FullG CRE Investments selected Evolution.

Sonesta 26% franchise growth. Newton, Massachusetts-based Sonesta International Hotels achieved a record 26% franchise net unit growth in 2025. This growth was driven both by global organic franchise expansion and by the sale of 112 SVC properties encumbered by long-term Sonesta franchise agreements.

Corinthia to Lake Como. Corinthia Hotels is partnering with RoundShield and Kervis SGR to operate a luxury resort in Lake Como, Italy. The 58-key Corinthia Lake Como will be built adjacent to the grounds of Italy’s second-oldest golf course in the alpine village of Menaggio. The development will complement the historic course with a beach club on the lake’s western shore, creating a fully integrated resort. Corinthia Lake Como will be the brand’s second property in Italy. Plans include exceptional spa, wellness and dining experiences, and a lakefront club providing direct access to the water at the widest part of the lake. The resort will also feature three branded residences. Construction is expected to begin following final planning approvals, with operations targeted for late 2028. The property is owned by the Putter Fund and being developed by Kervis SGR S.p.A - an Italian real estate and special situations investment manager. Kervis is the asset manager of the Putter Fund, fully invested by a RoundShield entity.

Global Hotel Alliance hits a record. UAE-based Global Hotel Alliance had total revenue of $3.2 billion, a 21% year-over-year increase over last year's record number. Repeat stay revenue climbed 18% to $1.8 billion, while cross-brand stay revenue surged by 15%, reaching $424 million. Enrollments in GHA’s loyalty program rose 25% to 4 million, with total membership surpassing 34 million.  In 2025, GHA welcomed eight new hotel brands to its portfolio and added 175 properties, almost tripling its growth rate from 2024.

Hunter closes $1.8B in 2025. Atlanta-based Hunter Advisors closed more than $1.8 billion in hotel transaction volume across 136 hotels in 2025. The firm surpassed $1 billion in closed volume by mid-November, including $550 million in fourth-quarter closings and $300 million in capital markets placements. Transactions spanned lifestyle, upscale, select-service, and extended-stay assets, including notable deals such as AC San Diego Downtown Gaslamp Quarter, Hyatt Place Athens Downtown, and multiple portfolio and institutional sell-down transactions.

Wyndham AI study. Artificial intelligence has rapidly shifted from an emerging concept to a business imperative for hotel owners, and now the focus is on adopting AI at scale, according to Wyndham Hotels & Resorts' second-annual Owner Trends Report. The report shows the industry has reached an AI inflection point — hotel owners and developers are embracing AI but increasingly need guidance on how to convert early adoption into long-term returns. Nearly all hotel owners (98%) say they have begun incorporating AI into their business, and while enthusiasm is high, execution remains uneven, with less than a third (32%) saying AI is embedded across most aspects of their operations and nearly three-quarters (73%) wanting to do more but feeling overwhelmed and unsure where to start.