Latest news: 8 Hyatts offline in Jamaica; $72.5M refi in Atlanta; Xenia, Park earnings

Hyatt suspends in Jamaica. Hyatt Inclusive Collection said its eight resorts on Jamaica have temporarily suspended operations and won't accept new reservations through January 31. In a statement, the company said it is "conducting a detailed assessment to determine the extent of the physical damage to all properties." The news came as Jamaica minister of tourism Edmund Bartlett set a December 15 target date for Jamaica's tourism industry to be fully back in operation.

$72.5M refi in Atlanta. Affiliates of Raleigh, North Carolina-based Concord Hospitality has secured a $72.5 million loan to refinance the 346-key Westin Atlanta Gwinnett in Georgia. ThirtyFourth Capital arranged the loan.

Park earnings. Tysons, Virginia-based Park Hotels & Resorts reported a comparable RevPAR of -6.1% year-over-year as part of its third quarter earnings. CEO Thomas Baltimore said the RevPAR decline was -4.9 when excluding the Royal Palm South Beach Miami, a Tribute Portfolio Resort, which suspended operations in mid-May 2025 for a comprehensive renovation. He said the REIT increased its liquidity to $2.1 billion to address maturing loans. Looking ahead, he said the REIT expects a meaningful improvement in group demand as comparable group revenue pace for Q4 is projected to increase over 12% YOY, with double-digit increases across several of its key hotels in San Francisco, Orlando, Hawaii, Denver, Puerto Rico and New York City.

Xenia earnings. Orlando, Florida-based Xenia Hotels & Resorts reported a flat RevPAR for Q3 and a 3.7% RevPAR increase year-over-year. CEO Marcel Verbaas said the Houston market in particular was a drag on its portfolio’s performance because of Hurricane Beryl comps from 2024, with Xenia’s assets excluding Houston enjoying 2.9% RevPAR gains in the quarter. In the third quarter of last year, this was a drag on portfolio performance, driven by growth at the Grand Hyatt Scottsdale as it continues its track to post-renovation stabilization. Verbaas said Xenia remains cautious in its near-term outlook, as reflected in slightly reduced expectations for the fourth quarter, with a same-property RevPAR increase of 4% for the full year 2025 and an adjusted EBITDAre of $254 million.

IHG rebranding in Australia. IHG Hotels & Resorts is partnering with Ark Capital, which is 50% owned by Sydney-based alternatives manager Regal Partners, to take over management of the Mayfair Hotel in Adelaide and rebrand it as the Kimpton Mayfair Adelaide in 2026. Constructed in 1934 and transformed into a luxury hotel in 2015, the 170-key property will continue to operate as the Mayfair Hotel under IHG management from mid-December, before undergoing an extensive refurbishment program.

Chalet launching brand in India. Mumbai, India-based Chalet Hotels has launched its own premium lifestyle hospitality brand, Athiva Hotels and Resorts, consisting of six hotels and over 900 keys, with plans to double its capacity within three years. Currently, Chalet Hotels operates 11 hotels and resorts with a total of 3,351 keys. The company operates three hotel properties under different brands and will now bring these three existing hotels under a single, common name.

Meliá debuts in Bahrain. Meliá Hotels International is expanding its footprint in the Middle East with the opening of its first hotel in Bahrain. The new 256-key Meliá Hotels & Resorts Amwaj Island is scheduled to open in 2027 and will include 150 hotel rooms and 106 branded residences, all managed by Meliá.

IHG adding in India. IHG Hotels & Resorts has signed a management agreement with DC Constructions, the construction vertical of Urban Oasis Hospitality, for the development of 100-key Holiday Inn Express Siliguri Bagdogra Airport. The greenfield hotel is scheduled to open in 2028 and is the latest addition to the brand’s 17 hotels in the country, with another 21 in the pipeline. IHG currently operates 51 hotels across six brands in India, with a strong pipeline of 72 hotels set to open within the next three to five years.

SKH acquires in the UAE. Dubai-based SKH Private Family Office is acquiring The Cove Rotana Resort in Ras Al Khaimah, United Arab Emirates, from an undisclosed seller for AED 500 million. Under the agreement, SKH Private Family Office will acquire and invest in the comprehensive transformation of the property, while Rotana will re-assume complete management and operations for an additional 15 years. The new owners plan a complete renovation of the property.

IHG adds in Egypt. IHG Hotels & Resorts has signed a management agreement with Al Ashraaf Developments to launch a 170-key Holiday Inn Cairo Al Obour in Egypt. IHG currently operates eight hotels across four brands in Egypt, with a pipeline of 22 hotels scheduled to open in Egypt within the next two to five years.