Skip to content

Search

Latest Stories

A-1 breaks ground on AC Hotel in Kennewick, WA

It will be franchised to A-1 Three Rivers Hotel and managed by A-1 Hospitality Group

A-1 Hospitality Group breaks ground on AC Hotel by Marriott in Kennewick, Washington near Three Rivers Convention Center

A-1 Hospitality Group, led by Taran Patel as managing principal, recently broke ground on a 163-room AC Hotel by Marriott at the Three Rivers Convention Center in Kennewick, Washington.

Photo credit: A-1 Hospitality

When Will the New AC Hotel by Marriott Open in Kennewick?

A-1 HOSPITALITY GROUP recently broke ground on a 163-room AC Hotel by Marriott in Kennewick, Washington. The hotel, located at the Three Rivers Convention Center, will operate as a franchise owned by A-1 Three Rivers Hotel, LLC and managed by A-1 Hospitality Group.

The company, based in Tri-Cities, Washington, was founded by Vijay and Mita Patel in 1997 and is led by managing principal Taran Patel.


“We are thrilled to bring the AC Hotels brand to the Three Rivers Convention Center Campus as part of a dynamic public-private partnership,” said Taran Patel. “This transformative project will serve as a catalyst for economic growth in our community. We are proud to collaborate with the city of Kennewick and Fowler General Construction to bring this vision to life.”

The 5-story property will include an indoor pool, fitness center, rooftop restaurant and bar and six meeting rooms totaling 12,000 square feet, with capacity for up to 450 people, A-1 said in a statement. The company operates 20 hotels across five states.

In 2023, Taran Patel received the Lodging Operator of the Year award from the Oregon Restaurant & Lodging Association for his contributions to the hospitality industry and communities.

More for you

Global Hotel Rates to Stay Stable in 2026

Report: Global hotel rates steady despite uncertainty

Summary:

  • Global hotel rates are expected to remain stable through 2026, according to AMEX GBT.
  • New York is a key business travel and meetings destination.
  • India is likely to be a focus for travel programs during 2026 negotiations.

GLOBAL HOTEL RATES are expected to remain stable through 2026, as geopolitical tensions and potential U.S. tariffs limit demand and constrain price increases, according to American Express Global Business Travel. New York remains a popular destination for business travel and meetings.

AMEX GBT’s Hotel Monitor 2026, an annual forecast of global hotel rates in business travel destinations, identified India as a key market, with hotel rates and occupancy set to rise.

Keep ReadingShow less
Peachtree Funds Rio Las Vegas Renovations | $176M CPACE Loan
Photo credit: Hyatt Hotels Corp.

Peachtree originates retroactive CPACE loan for Rio Vegas

Summary:

  • Peachtree Group originated a $176.5 million retroactive CPACE loan for a Las Vegas property.
  • The deal closed in under 60 days and ranks among the largest CPACE financings in the U.S.
  • The company promotes retroactive CPACE funding for commercial real estate development.

PEACHTREE GROUP ORIGINATED a $176.5 million retroactive Commercial Property Assessed Clean Energy loan for Dreamscape Cos.’s Rio Hotel & Casino in Las Vegas. The deal, completed in under 60 days, is its largest credit transaction and one of the largest CPACE financings in the U.S.

Keep ReadingShow less
Global hotel construction pipeline reaches record 15,871 projects in Q2 2025, with U.S. and Dallas leading growth
Photo Credit: iStock

Report: Global pipeline hits 15,871 projects

Summary:

  • Global pipeline hit a record 15,871 projects with 2.4 million rooms in Q2.
  • The U.S. leads with 6,280 projects; Dallas tops cities with 199.
  • Nearly 2,900 hotels are expected to open worldwide by the end of 2025.

THE GLOBAL HOTEL pipeline reached 15,871 projects, up 3 percent year-over-year, and 2,436,225 rooms, up 2 percent, according to Lodging Econometrics. Most were upper midscale and upscale, LE reported.

Keep ReadingShow less
HAMA Launches 20th Student Case Competition in USA
Photo Credit: iStock

HAMA launches 20th student case competition

Summary:

  • HAMA is accepting submissions for its 20th annual student case competition.
  • The cases reflect a scenario HAMA members faced as owner representatives.
  • Teams must submit a financial analysis, solution and executive summary.

THE HOSPITALITY ASSET Managers Association is accepting submissions for the 20th Annual HAMA Student Case Competition, in which more than 60 students analyze a management company change scenario and provide recommendations. HAMA, HotStats and Lodging Analytics Research & Consulting are providing the case, based on a scenario HAMA members faced as owner representatives.

Keep ReadingShow less
Stonebridge hotel management expansion
Photo credit: Stonebridge Cos.

Stonebridge adds Statler Dallas to managed portfolio

Summary:

  • Stonebridge Cos. added the Statler Dallas, Curio Collection by Hilton, to its managed portfolio.
  • The hotel, opened in 1956 and relaunched in 2017, is owned by Centurion American Development Group.
  • The property is near Main Street Garden Park, the Arts District and the Dallas World Aquarium.

STONEBRIDGE COS. HAS contracted to manage the Statler Dallas, Curio Collection by Hilton in Dallas to its managed portfolio. The hotel, opened in 1956 and relaunched in 2017, is owned by Centurion American Development Group, led by Mehrdad Moayedi.

Keep ReadingShow less