AMAN GROUP UNVEILS SECOND JANU HOTEL: Aman Group has announced its second destination – Janu Dubai in Dubai. This also marks the second Janu hotel, following the brand’s launch with the opening of Janu Tokyo in March. Slated to open in 2027, Janu Dubai will be located within the Dubai International Financial District, close to Downtown Dubai. Owned by Alia Developments, the building’s development and architecture will be led by H&H Development and Herzog & de Meuron, respectively. H&H Development will serve as both a shareholder of the project and the development manager. Offering views of the skyline towards the Burj Khalifa, the hotel will consist of 150 rooms, a limited number of branded and fully-serviced residences and a member’s club. The hotel will include multiple dining venues, wellness areas and event spaces. Aman Group’s first property in Dubai, Aman Dubai, will be located on Jumeirah Beach. The group plans to expand its presence in the Middle East and has more properties confirmed in locations, such as AlUla, Wadi Safar and the Diriyah Gate.
MARRIOTT STRENGTHENS LUXURY PORTFOLIO: Marriott International has announced plans to convert three luxury properties in the U.S. within the Marriott Bonvoy portfolio. The Resort at Pelican Hill, Turtle Bay Resort, and a luxury Midtown hotel in New York City will be joining Marriott Bonvoy’s luxury brands this summer, adding more than 1,000 rooms to Marriott’s total portfolio. The Resort at Pelican Hill is a luxury hotel in Newport Beach, Calif. and will join Marriott’s luxury portfolio on July 1. The 504-acre resort includes two 18-hole golf courses and 270-degree ocean views. The Irvine Company will continue to own the hotel, which will be converted into a St. Regis in the future. Located on the North Shore of O’ahu, Hawaii, the Turtle Bay Resort will join The Ritz-Carlton portfolio. The resort, which features seven beaches, 12 miles of hiking and biking trails, was acquired by Host Hotels & Resorts from Blackstone for $725 million. The luxury hotel in New York is located in midtown Manhattan and close to popular attractions. This hotel will mark The Luxury Collection’s return to NYC.
RAINES, ATLANTIC HOTELS JV: Raines, the hospitality management, development and investment organization, has entered into a joint venture with Atlantic Hotels Group and has added 16 properties to its management portfolio. The new additions expand the company’s operations into the Texas market. Atlantic Hotels will be able to scale up its third-party management capabilities and leverage new assets through its existing partnership with Alpha3, the company’s development vertical. With these properties, Raines’ portfolio now totals 56 properties. The additions include Aloft Dallas Love Field in Dallas; Comfort Suites DFW N/Grapevine in Grapevine, Texas; Element Dallas Downtown East in Dallas; Home2 Suites by Hilton McKinney in McKinney, Texas; Hampton Inn & Suites Dallas-The Colony, TX in The Colony, Texas; Hampton Inn & Suites Dallas-DFW Airport North-Grapevine in Grapevine, Texas; Hampton Inn Waco in Waco, Texas; Holiday Inn Express & Suites North Dallas at Preston in Dallas; Holiday Inn Dallas – Garland, an IHG Hotel in Garland, Texas; Holiday Inn Express & Suites Waco South, an IHG Hotel in Waco, Texas; Homewood Suites by Hilton Dallas The Colony in The Colony, Texas; Residence Inn Dallas at The Canyon in Dallas; SpringHill Suites Dallas McKinney/Allen in McKinney, Texas; TownePlace Suites Dallas DeSoto in DeSoto, Texas; TownePlace Suites Dallas Lewisville in Lewisville, Texas; and TownePlace Suites Waco South in Waco, Texas.
HOME2 SUITES PHOENIX DOWNTOWN SELLS FOR $43M: Chatham Lodging Trust has acquired the newly opened Home2 Suites by Hilton Phoenix Downtown for $43.3 million, or $293,000 per room. The six-story, 148-room hotel is located in downtown Phoenix and includes the historic Fuller Paint Co. building, which houses the hotel’s public spaces. The hotel will be managed by Island Hospitality Management, which is owned by Jeffrey H. Fisher, Chatham’s CEO and president. Upon stabilization, the purchase is anticipated to generate RevPAR more than $150 and an estimated NOI yield of more than 9.1%. This acquisition marks Chatham’s acquisition in over two years and aligns with the company’s long-term growth strategy to acquire younger, premium-branded, high-quality hotels in infill locations with diverse demand generators. The company financed the acquisition using proceeds from the sale of the Denver Tech hotel for $24 million in the first quarter and available cash.
BEACH RESORT OPENS IN SOUTH FLORIDA: Amrit Ocean Beach Resort has opened in Singer Island of Palm Beach County in South Florida. The luxury beachfront wellness resort spans seven acres along the Atlantic Ocean and features 155 rooms, five dining concepts, 103,000 square feet of indoor-outdoor spa and wellness facilities and more than 10,000 square feet of meeting spaces. S&E Architects has led the property’s interior design, with Bilkey Llinas Design helming the interiors. Managed by Highgate, the resort is part of Preferred Hotels & Resorts L.V.X. Collection.