HILTON GROWS MEXICO FOOTPRINT: Hilton is expanding its presence in Mexico and has signed Canopy by Hilton Guadalajara. Owned by Trust Capital and managed by Hilton, the new-build, 170-room hotel is scheduled to open in 2028. The seven-story hotel will be located in the Guadalajara metropolitan area and will be developed under the partnership of Estudio AMA and SOM for architecture and Esrawe Studio for interior design. Canopy by Hilton Guadalajara will feature a lobby bar, an all-day restaurant, rooftop pool with bar and restaurant and 350 square meters of meeting space. The hotel will become a part of Legend, a mixed-use project comprising retail, office space and residences. The hotel joins Hilton’s portfolio in Guadalajara, where the lodging company has five open hotels and two more properties under construction. The signing marks Canopy by Hilton’s first hotel in Guadalajara and the second property in Mexico. Currently, Hilton has more than 90 hotels across Mexico, with 30 more in development. Mexico represents Hilton’s fifth largest market globally and its largest in the Caribbean and Latin America.
LIFE HOUSE PARTNERS WITH WILDWOOD INN: Wildwood Inn in Estes Park, Colo. has partnered with independent hotel management and technology company, Life House. The hotel transitioned to Life House management in March. The 28-room hotel is located on seven acres of natural landscape and sits close to the entrance of Rocky Mountain National Park. Wildwood Inn offers 14 room types, with each room featuring cabin-style interiors. The hotel is owned by Jamie Sutton and Micah Kohls of Colorado-based Sayge Capital, who have collaborated with Life House to upgrade the property, which includes improved reservation software, upgraded televisions and a self-check in process enabled by smart door locks. Life House and Sayge Capital are working on expanding the hotel’s amenities to make it more family-friendly.
MCR, BLT COMPLETE $632M REFINANCING OF 53 HOTELS: MCR and Building and Land Technology (BLT) have closed a $632 million, three-year, fixed-rate financing on a portfolio of 53 hotels in the U.S. MCR and BLT acquired the properties, totaling 5,958 keys, between 2013 and 2015. Spanning 14 states, the portfolio comprises eight Marriott and Hilton extended-stay and select service brands in markets such as Texas, Arizona, Virginia and North Carolina. The loan was securitized in a single asset, single borrower CMBS deal with the portfolio valued at $960 million. MCR’s in-house operations team manages all 53 hotels. Since the acquisition, MCR and BLT have jointly invested more than $118 million into the portfolio across room improvements, public space upgrades and general property maintenance.
PM HOTEL GROUP ADDS TO MANAGEMENT PORTFOLIO: PM Hotel Group has been selected to manage Hampton Inn & Suites National Harbor/Alexandria Area, further growing its presence in the Washington, D.C. metropolitan area. Located 10 miles south of downtown Washington. D.C., the hotel is situated directly across the Gaylord National Resort & Convention Center. The 11-story hotel features 154 rooms, an indoor pool, a business center, gym and meeting space. The addition of the hotel is part of PM Hotel Group’s strategy to expand its footprint in the mid-Atlantic region and joins nine nearby hotels run by the hotel management company in the greater Washington, D.C. metro area.