A Paris hotel is dropping Accor's Novotel flag for Hilton's Tapestry Collection and cutting its room count by more than half in the process. The conversion math tells you everything about where the big brands think the money is headed... and what it actually costs to get there.
Transactions
Primary
Mar 23
Chartres Lodging Group paid $57.2 million for a 179-room converted property steps from SoFi Stadium, banking on the World Cup, Super Bowl, and Olympics to justify a per-key basis that makes sense only if you believe three years of mega-events can permanently reset an Inglewood rate ceiling.
When a 157-room hotel in Rochester quietly swaps one Hilton flag for another, most people see a press release. I see a playbook that every owner with a full-service conversion on the table needs to understand before they sign anything.
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Development
Primary
Mar 21
Hilton just signed a 120-key Tapestry Collection conversion in Plymouth while the city's long-promised Hilton Garden Inn site sits empty after the council terminated its developer. The per-key economics of these two deals tell very different stories about what "Hilton coming to town" actually means.
Hilton's micro-lifestyle brand opens its first Brazilian property. Elena Voss asks what Motto is actually promising — and whether the property team in Recife can deliver it.