Hotel Investment Today’s January 29 news digest opens with Kempinski Residences Miami Design District before moving through financing, development, operating performance and portfolio expansion across the hospitality sector. The result is a compact snapshot of how hotel companies and owners were deploying capital, expanding branded residences and responding to mixed U.S. operating results.
Kempinski Enters the United States Through Residences
The digest reports that Geneva-based Kempinski entered the U.S. market with a DaGrosa Capital Development Partners project comprising 132 residences across two 20-story towers, six townhomes and 17 guest suites for residents. Homes will range from two to four bedrooms and approximately 2,100 to 3,100 interior square feet. The item also places the launch within the rapid global expansion of branded residences.
Ryman Expands Liquidity While Dubai Adds Another Waldorf
Ryman Hospitality Properties refinanced and increased its revolving credit facility from $700 million to $850 million, extending maturity from May 2027 to January 2030 while maintaining its prior pricing framework. Separately, AveNew Development and Hilton agreed on a Waldorf Astoria hotel-and-residences project on Dubai Islands, pairing a 150-key hotel with 120 branded residences.
U.S. Hotel Metrics Slip, but Event Markets Show Strength
For the week of January 18–24, CoStar data cited by Hotel Investment Today showed year-over-year declines in U.S. occupancy, ADR and RevPAR. Minneapolis posted the strongest occupancy and RevPAR gains among the top 25 markets, while Miami recorded the highest ADR increase, helped by the College Football Playoff National Championship Game. Washington, D.C., faced especially difficult comparisons with the prior year’s Presidential Inauguration.
Portfolio Moves Continue in Florida, California, Saudi Arabia and AI
The roundup also notes five new luxury glamping tents at Westgate River Ranch Resort & Rodeo in Central Florida; Curator Hotel & Resort Collection’s addition of five Inns of Monterey properties in California; and Hilton’s opening of two hotels in Makkah, including the city’s first Tapestry Collection property.
The final item shifts to travel technology: Accor’s ALL loyalty program launched an app in ChatGPT, which the company positioned as a new way to support travel discovery in multiple languages. Taken together, the digest shows a hospitality market moving simultaneously through real-estate expansion, balance-sheet management, uneven operating results and new digital distribution channels.
Read the original article:Latest news: Kempinski US debut; Waldorf in Dubai; US hotels down
