Westgate
completes acquisition of VOS. Orlando-based Westgate Resorts has accomplished the acquisition
of Bellevue, Washington-based Trip Possession Gross sales (VOS), which
has the unique administration, gross sales, and advertising rights of VI Resorts, North
America’s largest owner-controlled timeshare and trip membership. The acquisition value was not disclosed. As a part of the transaction, the holiday membership will now
function as VI Resorts by Westgate. Westgate will make investments over $4
million in advertising, branding, and expertise enhancements for VI Resorts.
EasyHotel
bought to London agency. London-based EasyGroup has agreed to promote the share capital of its EasyHotel
model to London-based Tristan Capital Companions. Tristan is utilizing its
discretionary fund European Property Buyers Particular Alternatives 6 for the
transaction. EasyGroup founder Stelios Haji-Ioannou introduced the deal, which
is topic to approval by shareholders. In response to EasyGroup, the advisable
obligatory money supply that includes roughly 189.5 million shares, or 81% of
all the share situation, was transferred at an mixture value of €196.13
million ($222 million). The deal consists of 17.38% of EasyHotel, which is owned
by the Haji-Ioannou household workplace, thus putting an total worth of all the
EasyHotel agency at roughly €242 million.
Driftwood
gives $40.15M in mezz. Miami-based Driftwood Capital, by means of its lending fund Driftwood
Lending Companions (DLP), supplied $40.15 million in mezzanine loans for the
refinancing of The Westin New Orleans in Louisiana in addition to a select-service
portfolio within the Northeast U.S. with 5 properties of Hilton and Marriott
branded select-service accommodations throughout New Hampshire and Massachusetts. An
affiliate of Cerberus Capital Administration and The Berger Co. secured a
$21.65 million mezzanine mortgage for The Westin New Orleans. Cerberus and Highgate
secured a $18.5 million mezzanine mortgage from DLP for the portfolio, which
consists of the 139-key Courtyard Manchester Boston Regional Airport, 131-key
Homewood Suites Manchester/Airport, 100-key Springhill Suites Manchester-Boston
Regional Airport, 116-key Homewood Suites Portsmouth and the 108-key Residence
Inn Boston Franklin.
Pebblebrook
earnings. Bethesda,
Maryland-based Pebblebrook Resort Belief mentioned its same-property complete RevPAR
elevated 2.1% year-over-year as a part of its first-quarter earnings.
Pebblebrook additionally decreased its 2H25 outlook (RevPAR flat to 2%) in response to
rising macroeconomic uncertainties, however the firm famous it isn’t seeing any
materials enterprise or leisure transient demand slowdown but (aside from within the
authorities phase and with Canadian journey). The REIT additionally mentioned the Los
Angeles fireplace disruption remains to be occurring, however the affect has been much less extreme
than initially anticipated (+$1 million variance in 1Q25 and +$1 million
anticipated in 2Q25).
Apple
Hospitality earnings. Richmond, Virginia-based REIT Apple Hospitality Group reported a RevPAR decline
of 0.5% as a part of its first-quarter earnings. The decline got here on an ADR acquire
of 1% and an occupancy lack of -1.5%. The REIT mentioned efficiency was weaker due
to a pullback of government-related demand in March. Apple additionally reduce its
comparable full-year 2025 RevPAR steering to a variety of -1% to 1%. The
often-acquisitive REIT introduced the pending acquisition of the 126-key
Homewood Suites Tampa Brandon in Florida for $18.8 million and the Q1 gross sales of
the 76-key Homewood Suites by Hilton Chattanooga-Hamilton Place for
roughly $8.3 million and the 130-key SpringHill Suites by Marriott
Indianapolis Fishers for roughly $12.7 million. Apple additionally introduced it
has entered right into a contract for the sale of the 206-key Houston Marriott Power
Hall for roughly $16 million. The corporate expects to finish the
sale of the resort within the third quarter of 2025.
First
Tempo in Canada. Hilton has signed a franchise settlement with Toronto-based Inspiration Group
for the new-build 193-key Tempo by Hilton Toronto Airport, which can mark the
model’s debut in Canada. The resort is scheduled to open in 2028. Hilton has
greater than 190 accommodations open and a pipeline of almost 110 properties in numerous
phases of growth in Canada.
Ennismore
provides in Australia. Ennismore has signed the Melbourne Place in Melbourne, Australia. The property
might be reimagined and relaunched as Hyde Melbourne Place on Might 2. Hyde
Melbourne Place will be part of Ennismore’s trio of flagship openings in Australia
this 12 months — Hyde Perth, Mondrian Gold Coast, and 25hours Resort Sydney The
Olympia — marking the group’s debut within the nation.
Outrigger
acquires in Thailand. Honolulu-based Outrigger Resorts & Resorts has acquired the Zeavola Resort
on Thailand’s Phi Phi Island from an undisclosed vendor for an undisclosed
quantity. The resort will briefly droop operations, endure renovations and
rebrand because the Outrigger Phi Phi Island Resort on October 1. After the
renovations, the resort will characteristic 63 suites and villas. This might be
Outrigger’s fourth working property in Thailand.
Palladium
rebrands in Mexico. Madrid-based Palladium Resort Group is investing $6 million to reimagine and
relaunch the Grand Palladium White Sand Resort & Spa in Riviera Maya,
Mexico, into the 425-key Grand Palladium Choose White Sand. The resort will debut
on January 1, 2026. This transformation marks the most recent growth of the
unique Grand Palladium Choose Assortment, designed to raise customized
service and curated experiences for at the moment’s discerning traveler.
Marriott
provides Autography within the Philippines. Marriott Worldwide and Dubai-based CG Hospitality
will convert the 70-key The Farm at San Benito within the Philippines wellness
retreat to an Autograph Assortment resort, the primary within the nation. The resort
is scheduled to open on the finish of the third quarter of this 12 months.
Wyndham rebrand in Singapore. The 591-key Peninsula Excelsior Singapore Resort
has been rebranded to the Wyndham Singapore Resort following $50 million in
renovations. The 51-year-old resort is now repositioned as an higher
upscale resort.
