Marina Parrish Marina Parrish

My Daily Buzz Conclusion

To conclude all of the previous posts: what does all of this means?

  • Marriott ® is moving in the direction of modernization and wellness conversion vs. casino and beach only hopping, unloading major aged assets and acquiring new luxury assets.Concentrating more on the new eco-driven generation, as well as wellness luxury for longevity.

  • Hyatt ®‍ ‍is expanding by acquiring and modernizing properties worldwide, and by unloading aged assets in the hurricane affected regions. Moving in the direction of combining more culinary experience, as a priority with Rooftop locations.

  • Blackstone ®is expanding by acquiring financially liable or vulnerable, yet luxury assets and expanding to European and Asian Pacific markets.

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Marina Parrish Marina Parrish

The JW Marriott Marco Island Beach Resort is being sold for $835 million

The JW Marriott Marco Island Beach Resort in Florida is being sold as part of a transaction valued at $835 million, according to a filing with the U.S. Securities and Exchange Commission. Marco Hotel LLC and HB Naples Golf Owner LLC have entered an agreement to sell the 809-key Marriott International-branded resort to Sculptor Diversified Real Estate Income Trust, according to the Feb. 28 filing. The deal also includes the 18-hole Hammock Bay and Rookery golf courses in Naples, Florida. 

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Marina Parrish Marina Parrish

Caption by Hyatt Bringing the First Hyatt Property to Chattanooga

Hyatt ® opens first hotel in Chattanooga, Tennessee. Hyatt Hotels has opened a 123-room Caption by Hyatt in downtown Chattanooga, Tennessee, marking the company’s entry into “one of the South’s most compelling destination cities.” The hotel’s two signature outlets round out an exceptional food-and-beverage experience. Nomia Modern Kitchen and Stratus Rooftop Lounge are signature dining concepts developed by LBA Hospitality, bringing distinctive dining and cocktail experiences to Chattanooga’s Southside.

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Marina Parrish Marina Parrish

Current Acquisition: Brown Palace hotel from Marriott ® & IHG ® to Crescent Real Estate LLC

Hotel Acquisitions by Crescent Real Estate LLC: The Brown Palace Hotel and Spa. Consists of the 241-key full-service Brown Palace Hotel and Spa and the 231-key select-service Holiday Inn Express. The hotels are connected via skybridge and are located within Downtown Denver’s financial district, 321 17th Street Denver, CO 80202. Current owners Marriott ® and IHG ®.

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Marina Parrish Marina Parrish

Hyatt ® Hotels Corporation sold the Playa ® Hotels & Resorts to Tortuga ® Resorts for $2 billion

Hyatt ® Completes $2.0 Billion Sale of Playa’s Owned Real Estate Portfolio to Tortuga. Hyatt Hotels Corporation (the “Company”) announced the closing of the sale of the real estate portfolio previously acquired from Playa Hotels & Resorts N.V. (“Playa”) to Tortuga Resorts (“Tortuga”), a premier real estate and asset management platform focused on luxury beachfront hospitality across Mexico and the Caribbean, for approximately $2 billion.

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