Alan Woinski

Accor agreed to sell its stake in Essendi, formerly AccorInvest, to a Blackstone-led consortium for up to 975 million euros. Plus, more hotel deal and development news.

Centara Hotels and PTT Oil plan six budget hotels at Thai service stations, while IHG debuts Garner brand in Greater China. Plus, more hotel deal and development news.

Service Properties Trust priced a $500 million public offering while Blackstone acquired Stanly Ranch through foreclosure. Plus, more hotel deal and development news.

Series by Marriott announced the opening of the 256-room Sugata Hotel Osaka Shinsaibashi. Plus: more hotel deal news from Asis Pacific.

Marriott plans a joint venture with Lefay's founders to bring the luxury wellness brand into its portfolio and expand it globally. Plus, challenges and opportunities at Service Properties Trust and other hotel deal and development news.

Companies like Centara Hotels & Resorts are reporting forward bookings, particularly from Europe, as showing signs of hesitation with travelers either postponing trips or seeking closer-to-home alternatives. Plus, hotel development news.

GlobalData and AHLA warn that U.S. airport delays are reducing hotel bookings in gateway cities. Plus, hotel deal news. Plus, more hotel deal and development news.

Meanwhile, Truist forecasts mid and upper-end U.S. hotel RevPAR growth of 2% to 4%, above Wall Street consensus, while upgrading Airbnb. Plus, more hotel deal and development news.

Minor Hotels unveiled Colbert Collection, a global soft brand debuting in Italy this spring and expanding to the UK, Spain, and UAE. Plus, more hotel deal and development news.