Hyatt is planting a Regency flag in Rome with a converted Radisson property, a rooftop the size of a small hotel, and a bet that "gateway city luxury" justifies the investment. The question nobody's asking is what Investire SGR's actual basis looks like after gutting a building that's been dark for years.
Stonebridge picked up the W Atlanta Downtown at a 56% discount through a deed-in-lieu of foreclosure, and now they're converting it to a JW Marriott just in time for the World Cup. This is either brilliant opportunistic repositioning or the most expensive bet on a single summer event since someone built a hotel next to an Olympic village.
A city government buys a former Sheraton for $36,700 per key, slaps a new name on it, and says someone else will pay for the renovation. If you've been in this business long enough, you already know how this movie ends.
Marriott's first JW all-inclusive signals a franchise model shift that every owner in the luxury pipeline should be reading very carefully.
