Development & Capital

Hotel deals are recovering unevenly as rates rise and U.S. CMBS stress stays selective. What 2026 transaction, lending and credit data show.

Hyatt’s new Hyatt Place design cuts building costs by a projected 25% but sells 13 fewer rooms. Owners will want the budgets.

Why chains keep adding hotel brands: conversion flags bring signings and fees, but not reliably RevPAR. A 2026 checkpoint.

ECB and Fed hikes raise hotel debt costs as lenders and developers reassess projects, leverage and refinancing risk.

Hotel construction loans are available again in 2026, but banks are applying tighter terms as hotel debt maturities reshape financing.

KPMG’s H1 2026 data: hospitality & leisure M&A value rose 106.6% YoY as deal count fell 6.1%. What “higher-conviction” buying means for owners.

Ground-up builds are out; portfolio-scale conversions are in. Inside the corporate land grab as IHG, Hilton & Marriott race for existing hotel inventory.

TUI says Spain and Italy are full. Japan, Bali, Iceland and Peru are capping visitors too — and hotel capital is moving to where room remains.

Third-party hotel operators are consolidating fast. The fee and termination language owners actually sign hasn’t moved the same way — yet.

Financing gets blamed for slow hotel construction. Skilled-trades scarcity is now the binding constraint in several major markets — here’s where.