Breaking
\nnews about deals, development, data and more. <\/p>\n
Louisville
\ntower converting to hotel. Louisville, Kentucky-based Poe Companies is converting The Humana Tower
\nin Louisville, Kentucky, into a dual-tower, 1,000-key convention center hotel. The project
\nwill cost around $600-700 million and the hotel will include restaurants,
\n100,000 sq. ft. of meeting space and a 40,000 sq. ft. ballroom. Construction is
\nexpected to begin in 2027 and will last three to four years.<\/p>\n
Orlando development. San Francisco-based JMA Ventures and Cyprus-based Mohari Hospitality are
\ndeveloping Westcourt Downtown Orlando, a 269-key property that will be operated
\nunder IHG\u2019s Kimpton brand. The project will be part of a large-scale mixed-use
\ndevelopment directly adjacent to the NBA\u2019s Orlando Magic arena. The overall
\nproject is being developed by Machete Group and SED Development, an entity
\nwholly owned by the DeVos family, owners of the Magic. JMA and Mohari are using
\nan EB-5 investment structure for the hotel development, which is being offered
\nas a senior-secured loan with a three-year term, plus two optional one-year
\nextensions.<\/p>\n
$360M
\nfinancing for Jacksonville Four Seasons. Chicago-based Shanna Collective and Jacksonville,
\nFlorida-based Iguana Investments secured $360 million in construction financing
\nfrom the Goldman Sachs Private Bank for the development of the Four Seasons
\nHotel and Residences Jacksonville, according to Connect CRE. The JV said it\u2019s the largest financing
\npackage ever awarded in the city\u2019s history for a private project. The project\u2019s
\nconstruction continues to advance, with both the 10-story residential and hotel
\ncomponents topping off in August 2025.<\/p>\n
IHG is debuting Kimpton in Qatar.\u00a0IHG Hotels & Resorts has signed the 283-key Kimpton Al Rowda Doha, a luxury lifestyle hotel that is scheduled to open in mid-2026. This will be the first Kimpton in Qatar and continues the brand’s successful launch in Riyadh, Saudi Arabia, with openings in Dubai and Jeddah to follow later this year. IHG currently operates eight hotels in Qatar across five brands.<\/p>\n
Choice redesign of Everhome prototype.\u00a0Choice Hotels International is debuting its newly redesigned prototype for its Everhome Suites brand. Choice said the prototype was created to reduce construction costs by approximately 13%, improve operational efficiency, and elevate the guest experience. The new prototype also increases capacity to approximately 120 rooms. The first groundbreakings for the new prototype are expected in the coming months.<\/p>\n
NYC
\nMandarin condo price drop. Some of the condos at New York\u2019s Mandarin Oriental
\ndevelopment will be put up for sale with reduced pricing after years of
\nstruggling to find buyers, according to a report in Bloomberg. Serhant New
\nDevelopment is set to lead a revamped sales effort at the Mandarin Oriental
\nresidences, including cutting the asking prices of remaining units on the
\nmarket by 20% on average. Around a third of the condos have been offloaded
\nsince sales first launched in 2021.<\/p>\n
International
\ndip hits Disney. International visitation to Disney’s domestic theme parks is down, but overall
\nattendance is up due to increased promotions and marketing in the U.S.,
\naccording to Disney CFO Hugh Johnston. Johnston did not provide details on the decline in
\ninternational visitors, except that Disney expects it will remain a headwind in
\nthe second fiscal quarter. Johnston said the Walt
\nDisney World Resort in Florid recorded \u201cstrong attendance and
\nperformance as well as strong pricing performance.\u201d Bookings for the full year
\nare up 5%, Johnston said, weighted toward the back half of the year. It’s
\n\u201ccertainly trending very positively in that regard.\u201d<\/p>\n
Inspirato
\nacquisition closes. The Exclusive Collection has completed its previously announced acquisition of
\nInspirato. Under the terms of the transaction, Exclusive Investments acquired
\nall outstanding shares of Inspirato Class A common stock for $4.27 per share,
\nin an all-cash transaction, valuing Inspirato at approximately $59 million on a
\nfully diluted basis. The purchase price represented an approximately 50%
\npremium to Inspirato\u2019s closing price on December 16, 2025, the last trading day
\nprior to the original announcement. Following the closing, Inspirato becomes a
\nprivately held company and its Class A common stock is no longer listed or
\ntraded on Nasdaq.<\/p>\n","protected":false},"excerpt":{"rendered":"Breaking news about deals, development, data and more. Louisville tower converting to hotel. Louisville, Kentucky-based Poe Companies is…\n","protected":false},"author":2,"featured_media":143595,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[3447,3468,3451,3454,2655,3465,3469,3455,2152,740,3448,3466,3456,3459,3453,3458,3464,3442,3446,555,1508,3450,3449,3463,3445,139,141,140,3452,3443,3462,3460,3461,3444],"class_list":["post-143594","post","type-post","status-publish","format-standard","has-post-thumbnail","category-orlando","tag-asia-pacific","tag-asset-management","tag-brands","tag-c-corps","tag-caribbean","tag-condo-hotels","tag-deals","tag-debt-and-equity","tag-development","tag-economy","tag-emea","tag-extended-stay","tag-financing","tag-forecasts","tag-franchising","tag-global","tag-independents","tag-insights","tag-latin-america","tag-lifestyle","tag-luxury","tag-management","tag-mergers-and-acquistions","tag-midscale","tag-north-america","tag-orlando","tag-orlando-headlines","tag-orlando-news","tag-owners","tag-regions","tag-upper-midscale","tag-upper-upscale","tag-upscale","tag-whats-hot-trending"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/143594","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=143594"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/143594\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/143595"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=143594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=143594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=143594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}