The largest hotel in San Jose has been acquired by its lender, BrightSpire Capital, following a foreclosure sale. This event marks an end to the extended efforts made by the Bay Area&based owner to retain the property. The hospitality market in the region continues to struggle due to the impact of the COVID&19 pandemic.
Viceroy announces the development of The Harriman, a new resort in Ketchum, Idaho, scheduled to open in June 2026. The Harriman, named after W. Averill Harriman, will be Sun Valley's first luxury hotel and for&sale residence offering.
Great Lakes Capital, NFM, and the City of Cedar Park have begun constructing a new Marriott hotel and convention center in CedarView, a mixed&use development in Cedar Park, Texas.
Sales. Marketing. Revenue Management. Distribution. When these functions operate in silos, the result isnt just internal frustration, its missed revenue, slower decision&making, and inconsistent guest experiences. During a recent HSMAI Sales Advisory Board Meeting, Advisory Board Members shared their on&the&ground strategies for breaking down barriers and building up commercial collaboration.
Abu Dhabi&based real estate developer Aldar has announced a partnership with Hilton to develop the city's first Waldorf Astoria Residences. The project, set to be located on Yas Island, will also mark the first branded residences on the island.