KSL Buys Hersha Hospitality for $1.4 Billion in Private Equity Bet on Lifestyle Hotels

It's become an iconic image of travel in the United States – a red convertible with the top down, cruising such classic California thoroughfares as the Pacific Coast Highway or across the Golden Gate Bridge.

The city of Oxford revolves around its university, England’s most prestigious alongside Cambridge. Because teaching started in the city in the 11th century, Oxford is filled with historic colleges, many hundreds of years old, and all incredibly beautiful in their architecture. Visitors to the city can walk the cobblestone streets that weave around the colleges, libraries, churches, and museums, and even take tours of the colleges’ lecture halls, chapels, and dining halls. But a day trip isn’t enough to get a good feel for Oxford. Even if the city is only 50 minutes away by train from London, you need to stay in a hotel in Oxford, England, for and take the time to fully explore this one-of-a-kind city.

From world-class museums and cultural sites to great outdoor activities like hiking and biking in South Mountain Park, there’s no shortage of things to do in Phoenix. These Phoenix hotels give you easy access to the best of the city and its surrounds.

More than $30 million committed to help unlock paths to hotel ownership.

Standard International, the hotel company behind The Standard Hotels and The Peri Hotel — and a majority owner of Bunkhouse House Group — is taking on a lot these days to meet CEO Amber Asher‘s aggressive expansion plans.

Trip.com Group said on Friday it had tapped a $1.5 billion sustainability-linked loan facility, meaning that the financing terms link the debt’s interest rates to the Chinese online travel giant’s performance against specific environmental targets.

Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.

Kerzner International has unveiled its new brand Siro, a set of fitness-themed lifestyle hotels. The developer said on Wednesday that it has slated to open its first property in a tower in One Za’abeel, a luxury community in Dubai, U.A.E., in the last months of 2023.

Kimpton Hotels & Restaurants is a boutique hotel brand created by Bill Kimpton in 1981 in San Francisco. InterContinental Hotels Group (IHG) bought it for $430 million in 2014 and has been scaling it up as a mid-priced lifestyle brand.

Owners of U.S. hotels have long turned to third-party management companies, such as Sage Hospitality Group, to run their properties. Sage stands out because, since 2017, it has grown from having 17 independent, soft branded, luxury, or lifestyle properties in largely suburban areas to having 47 lifestyle hotels in major urban areas (out of 60 hotels total).

Cendyn, a software company that offers customer relationship management, digital marketing, and operations tools to hotels, has hired a new chief executive. 

Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.