MISSION HILL’S FIRST IN COLORADO: Denver-based Mission Hill Hospitality has acquired the 117-key Holiday Inn Steamboat in Steamboat Springs, Colo. Terms of the deal were not disclosed. This is Mission Hill’s first property in Colorado and the 26th property addition to the company’s portfolio since it was launched in March 2021.
AIMBRIDGE TO MANAGE WHITE HOUSE INN: Aimbridge Hospitality, based in Plano, Texas, has been retained to manage the White House Inn Napa Valley, which was recently acquired by Miami-based Cambridge Lansdowne. Located in Napa Valley, Calif., the hotel is managed through Aimbridge’s specialized Evolution Lifestyle operating unit. The resort-style hotel will undergo renovations of the interior and exterior. Built in 1885, the hotel includes 17 rooms, a private outdoor pool and hot tub, courtyard fire pit and spa.
NOBU EXPANSION PLANS: Nobu Hospitality will open five new hotels through the year. The new properties will come up in Rome, Marrakech, Atlantic City, Toronto and San Sebastian. The latest announcements of Bangkok and Abu Dhabi mark the 32nd additions to Nobu’s portfolio. This year will mark Nobu Hotels’ 10th anniversary, since the first Nobu Hotel Caesars Palace in Las Vegas opened in 2013.
TPG ADDS 10 IN GEORGIA: TPG Hotels & Resorts, headquartered in Cranston, R.I., has assumed management of 10 properties earlier operated by PeachState Hospitality. The portfolio comprises eight Marriott select-service hotels and two IHG select-service properties, all located in Georgia. TPG will manage the properties owned by PeachState. The two companies have entered into a strategic agreement for the management of more hotels in the current and future pipeline to be developed by PeachState. TPG’s portfolio currently includes more than 500 branded, independent, boutique hotels and marinas, comprising more than 65,000 rooms across 41 states.
FRANCE TO BE MOST VISITED COUNTRY BY 2025: France is set to be the most visited country globally, according to GlobalData, which said that the country will welcome 93.7 million international travelers by 2025. This will see France outdoing its competitor, Spain, which overtook France in 2021. Spain received 26.3 million visitors in 2021, overtaking France to become the most visited Western European destination. By 2025, Spain will attract 89.5 million international visitors (CAGR of 12.2% between 2022 and 2025). France is not only popular with travelers from Europe itself — especially the U.K., Germany and Belgium — but it’s also popular with visitors from countries like China and the U.S. In fact, France is one of the top Western European destinations for travelers from the U.S.