HVMG TO MANAGE BLOOMINGTON EMBASSY SUITES: Hospitality Ventures Management Group (HVMG) has assumed management of the Embassy Suites by Hilton Bloomington/Minneapolis. The Atlanta-based third-party hotel operator will also oversee a $9 million renovation project to upgrade the rooms, public spaces, restaurant and back-of-house items. The renovation project is expected to take around six months. Located about 10 minutes from the Mall of America, the all-suite, 232-key hotel has an indoor pool, a fitness center, restaurant and bar and 5,600 square feet of meeting space. HVMG’s portfolio currently consists of 56 hotels (totaling 9,400 rooms) and one convention center across 18 states.
KIMPTON ADDS THIRD NYC HOTEL: Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ luxury and lifestyle portfolio, has added its third location in New York City. The luxury brand has partnered with Extell Development Company for Kimpton Rockefeller Center, which will open in late 2025 in Midtown Manhattan. Located at Rockefeller Center, the new 33-story boutique luxury hotel’s architecture will be led by New York City-based SLCE Architects, with interiors by INC Architecture & Design. The hotel will offer 529 rooms, two full-service restaurants, a lobby lounge, rooftop bar, fitness center and two event spaces. Currently, there are 75 Kimpton hotels open worldwide, with 57 more properties expected to open in the next three to five years.
U.S. PERFORMANCE UPDATE: The U.S. hotel industry reported lower performance than last week, according to CoStar’s data through September 7.
- Occupancy: 57.8% (-4.2%)
- ADR: $149.67 (-1%)
- RevPAR: $86.48 (-5.2%)
Among the top 25 markets, Houston reported the highest YOY increases in occupancy (+8% to 57.1%) and RevPAR (+18.5% to $65.62). Two markets matched for the largest ADR gains: Houston (+9.7% to $115.02) and Detroit (+9.7% to $129.21). The steepest RevPAR declines were witnessed in Las Vegas (-18.6% to $106.24) and Boston (-18.3% to $151.11).
LE MERIDIEN OPENS IN FORT WORTH: Le Méridien has expanded its portfolio and opened in Fort Worth, Texas. The opening of Le Méridien Fort Worth Downtown also marks the latest addition to Premier’s upscale, full-service, soft-branded boutique hotel design portfolio. The former Hotel Texas Annex building has undergone a historic conservation adaptive reuse and conversion to reopen as the 14-story, 188-room hotel with a mid-century modern design. Premier co-developed the hotel in partnership with Blueprint Hospitality. The hotel is owned by Ashford Hospitality Trust and Blueprint Hospitality and managed by Remington Hospitality. Amenities include a restaurant, fitness center, rooftop pool and lounge and 5,000 square feet of event space.