Latest news: $210M refi for Ritz-Carlton Dallas; Bespoke acquires 4; Hyatt adds in KSA

Ritz-Carlton Dallas refinances. The Ritz-Carlton Dallas, owned by a 70/30 JV of Partners Group and Honolulu-based Trinity Investments, has secured a $210 million refinance of the 427-key property. JLL helped secure a new loan through New York City-based Marathon Asset Management. The JV acquired the hotel in 2022, went through an extensive renovation in 2023 and was rebranded to a Ritz-Carlton in January.

Bespoke acquires four. Warrington, England-based Bespoke Hotels has acquired four properties from the Coast and Country hotel collection in the U.K. The deal includes the Caledonian Hotel in Fort William, the Great Western Hotel in Oban, Pitlochry Hydro, and the Marine Hotel in Llandudno. The hotels join Bespoke's portfolio of over 70 independent hotels.

Hyatt adding in KSA. Hyatt is adding two new hotels in Jaumur, a new satellite marina on Saudi Arabia's Gulf of Aqaba in the NEOM region. The 125-key Park Hyatt Jaumur and 225-key Andaz Jaumur Marina will mark a significant milestone in expanding Hyatt's brand presence within the Kingdom of Saudi Arabia and solidifying its strategic collaboration with NEOM. Both hotels are scheduled to open in 2027.

LeBlanc's new role at Peachtree. Brent LeBlanc now leads Peachtree Group's business development efforts across its investment platforms. As executive vice president of business development, he will support Peachtree's efforts to grow and expand its vertically integrated investment platforms. His responsibilities will include focusing on cross-marketing strategies, fostering business development and collaborating closely with the investment teams to drive innovation and capture new opportunities. LeBlanc joined Peachtree in 2012 to lead a growth strategy to expand Peachtree's footprint into the western U.S. and strengthen relationships with premium-branded hotels such as Marriott, Hilton, Hyatt and IHG. During that time, LeBlanc participated in more than $4 billion in real estate transactions across the enterprise.

Veranó adds in PR. Veranó Hotels + Resorts, an operator of luxury lifestyle hotels and resorts, is opening the Veranó San Juan, the first Leading Hotels of the World in Puerto Rico, in Spring 2025. The hotel was transformed from a 1950s office building.

Numa expanding in Manchester. Berlin-based Numa Group is expanding its newly acquired lifestyle aparthotel brand, Native Places, at the Native Manchester at Ducie Street Warehouse as part of its ongoing growth strategy. The expansion from Numa Group and Native Places, in cooperation with Deka Immobilien Investment GmbH, will increase the property's number of units from 166 to 193.

1,000th Mercure. Accor's Mercure Hotels has opened its 1,000th hotel. The expansion is significant in greater China, where nearly 30 Mercure hotels have opened this year, bringing its regional total to over 180, and Japan, which has opened 11 Mercure hotels recently. The 1,000-hotel milestone was achieved with a spate of openings that included Mercure London Earls Court (UK), Mercure Chandigarh Tribune Chowk (India), Mercure Fukuoka Munakata Resort & Spa (Japan), Mercure Marival Emotions Resort (Mexico), Mercure Nantong Renmin Road (China), and Mercure Dubai Deira (UAE). With the largest development pipeline in Accor's portfolio, Mercure has more than 200 additional hotels set to open by 2028.

IHG adding first Garner in Turkey. IHG Hotels & Resorts has signed its first Garner hotel in Turkey in a franchise agreement with FRT Turizm and support by AB Consulting led by Ahmet Bilgin. The 126-key hotel will consist of four separate buildings and is expected to open in 2025.

Pride adds in India. Mumbai-based Pride Hotels Group has signed the 71-key Pride Elite Hotel Phaltan in Maharashtra, India. The hotel is Pride's third property in Maharashtra, after Pune and Nagpur, and the company wants to operate 133 hotels by 2033.