Breaking
\nnews about deals, development, data and more. <\/p>\n
Oakland
\nhotel trades at discount. An affiliated group headed by Harprit Dhillon has acquired out of receivership\u00a0the 156-key
\nCourtyard by Marriott Oakland Airport for $12.5 million in
\na deal that highlights the continued weakness in the Bay Area hospitality
\nmarket, according to the East Bay Times. The price works out to
\njust over $80,000 per room, a huge decline from the property\u2019s previous value
\nderived from recent refinancings. An affiliate of Dallas-based REIT Ashford
\nHospitality Trust defaulted on the loan in 2023, and the hotel entered
\nreceivership in 2024. The new purchase price is 63% below the $33.5 million
\nassessed value for the property in January 2025.<\/p>\n
OTH adds
\nin Virginia. Williamsburg, Virginia-based OTH Hotels Resorts has added the 149-key Courtyard
\nby Marriott Manassas Battlefield Park in Virginia to its management portfolio.
\nThe property is OTH\u2019s fifth on the East Coast, added in 2025. OTH has a
\nportfolio of 21 hotels and 38 restaurants across the U.S.<\/p>\n
Lark Hotels adds 4.\u00a0Portsmouth, New Hampshire-based Lark Hotels will open four properties in 2026, including three in Massachusetts: the 16-key Cambridge Common House in Cambridge; the 25-key The Drew Hotel in Plymouth; and the 21-key Shore Haven in Falmouth. In addition, Lark is adding the 18-key The Penny Lane in Hampton Bays, New York. These debuts come on the heels of several additions to Lark\u2019s management portfolio, including The Vietta Hotel in Kissimmee, Florida and The Painted Lady in Birmingham, Alabama.<\/p>\n
Hilton
\nadds 3 in Oman. Hilton is partnering with The Zubair Corp. to introduce at Barr Al
\nJissah, a waterfront destination in Oman. Nestled between the cliffs of Al
\nJissah and the Gulf of Oman, the properties are located just 40 minutes from
\nMuscat International Airport. The hotels include the 180-key Al Husn Hotel
\nMuscat, which, following planned renovations in 2027, will rebrand as a Waldorf
\nAstoria; the 198-key Hilton Muscat Al Bandar; and the 302-key DoubleTree by
\nHilton Muscat Al Waha.\u00a0<\/p>\n
Banyan
\nadds residential brand. Banyan Group is launching residential brand Bellaguna, a collection of premium residences designed for year-round living,
\nwhich are professionally managed by Banyan Group but operated independently
\nfrom hotel inventory. The first development under the new brand is Bellaguna
\nLake Residences \u2013 Lotus within Laguna Phuket in Thailand.<\/p>\n
RBH adds in Scotland. London-based RBH Hospitality Management added
\nthe 99-key Ibis Edinburgh Centre Royal Mile in Scotland to its management portfolio.
\nThe hotel also marks the start of a new partnership with investor Legal &
\nGeneral. The Ibis Edinburgh Centre Royal Mile hotel marks RBH\u2019s sixth property
\nin the Ibis brand family.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Breaking news about deals, development, data and more. Oakland hotel trades at discount. An affiliated group headed by…\n","protected":false},"author":2,"featured_media":122717,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[14265,53891,53881,33590,53888,36841,1335,383,1187,53889,53882,21630,53879,9304,971,11013,17511,27858,64322,53887,434,143,145,144,42678,64321,53890,53886,53884,53885,53880],"class_list":["post-122716","post","type-post","status-publish","format-standard","has-post-thumbnail","category-oakland","tag-asia-pacific","tag-asset-management","tag-brands","tag-caribbean","tag-condo-hotels","tag-deals","tag-development","tag-economy","tag-emea","tag-extended-stay","tag-franchising","tag-independents","tag-insights","tag-latin-america","tag-lifestyle","tag-luxury","tag-management","tag-mergers-and-acquisitions","tag-mergers-and-acquistions","tag-midscale","tag-north-america","tag-oakland","tag-oakland-headlines","tag-oakland-news","tag-owners","tag-regions","tag-timeshare","tag-upper-midscale","tag-upper-upscale","tag-upscale","tag-whats-hot-trending"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/122716","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=122716"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/122716\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/122717"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=122716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=122716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=122716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}