Latest news: $175M loan to deflag 5; Domes acquires Casa Collection; Coury adds in Cleveland

$175M loan to deflag hotels. Sarasota, Florida-based Kapstones has closed a $175 million loan that is secured by a portfolio of five hotels the company owns across Florida and Texas. The loan refinances the debt on the hotels and is designed to support future hotel acquisitions while also providing capital to reinvest in and reposition assets within the firm's current portfolio. Kapstones plans to transition the five properties from third-party flags and reintroduce them under its Kompose and Kozy brands, with the goal of enhancing operating performance and long-term revenue potential. Centennial Bank provided the financing.

Domes acquires Casa Collective. Athens-based Domes Resorts has acquired Goldman Sachs’ majority stake in London-based Casa Collective for an undisclosed amount. Casa Collective currently operates a portfolio of 13 hotels and is the hospitality platform behind the Cook’s Club and Casa Cook brands. Casa Cook has five hotels and resorts, one in Italy, two in Egypt and two in Greece, while Casa Cook has six properties, one in Egypt, another in Turkey and four in Greece. According to the release, four hotels will be added to the Casa Collective portfolio, and the two brands will continue to be operated independently. Domes has 21 hotels in Greece, Portugal and Spain.

Coury adds in Cleveland. Dallas-based Coury Hospitality has added the 491-key Hotel Cleveland, Autograph Collection in Ohio to its management portfolio. Toronto-based Skyline Investments has owned the hotel since 2015. This will be the 13th Autograph Collection in Coury’s portfolio. Following a $90 million renovation, the hotel reopened in 2024.

Dovehill acquires in Connecticut. Fort Lauderdale, Florida-based DoveHill has acquired the 35-key Mayflower Inn & Spa, Auberge Collection in Washington, Connecticut. It is located on 58 acres in Litchfield County. Auberge Collection will continue to manage the property.

Nikki Beach adds in Marrakech. Miami Beach, Florida-based Nikki Beach Hospitality Group is developing the 100-plus-key Nikki Beach Resort & Spa Marrakech, scheduled to open in 2028.

Red Roof adds more women owners. Red Roof has added more than 40 women and underserved-market representatives to its ownership community since launching RIDE with Red Roof and rebranding SHE in July 2023. RIDE accepted six new owners from underrepresented markets in 2025. RIDE supports new owners by providing resources to aspiring franchisees, while SHE supports women in hospitality through personal and professional development.