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Cambria hotel opens in Waco, Texas

Kiran ‘Kenny’ Bhakta's KB Hotels is leading the property's development

Cambria hotel opens in Waco, Texas

Cambria Hotel Waco University Riverfront in Waco, Texas, owned by KB Hotels led by Kiran “Kenny” Bhakta as founder and CEO, is now open. It is the ninth Cambria Hotel in the southwest.

The new 4-story, 130-room property joins Cambria’s Austin Downtown, Austin Uptown, Austin Airport, Houston Downtown, McAllen, Plano, Richardson and Southlake, Choice said in a statement. KB Hotels, led by Kiran “Kenny” Bhakta, a hotel development company in central Texas, is spearheading the development of this hotel.


"With a rich history anchored by academia and agriculture, Texas is quickly becoming a hub for vacationers and business travelers alike," said Indy Adenaw, Choice’s senior vice president and general manager for upscale. "We look forward to expanding Cambria's unique offerings and top-notch amenities to even more guests in the Lone Star State with the opening of the new Cambria Hotel Waco University Riverfront."

Nearby attractions include the Texas Ranger Hall of Fame and Museum, the Martin Museum of Art, East Terrace Museum, the Cameron Park Zoo, Waco Escape Rooms and Baylor University. Hotel amenities include bathrooms with Bluetooth mirrors, a fitness center and indoor and outdoor spaces spanning 7,000 square feet for work or relaxation. The property in the upscale segment is linked to the Choice Privileges loyalty program, allowing members to earn and redeem points at over 7,000 hotels globally, spanning diverse brands across 46 countries and territories.

On Nov. 14, Choice reiterated its offer to buy Wyndham Hotels & Resorts, initially announced on Oct. 17, through a letter to Wyndham's board. Wyndham called the latest proposal a step backward and maintained its opposition.

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IHG U.S. RevPAR down 1.6 percent

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  • IHG U.S. RevPAR fell 1.6 percent, global up 0.1 percent in Q3.
  • Opened 14,500 rooms across 99 hotels, up 17 percent YOY.
  • New collection brand planned in EMEAA to complement voco and Vignette.

IHG HOTELS & RESORTS reported a 1.6 percent year-on-year decline in U.S. RevPAR for the third quarter of 2025, while the Americas fell 0.9 percent. Global RevPAR rose 0.1 percent for the quarter and 1.4 percent year to date.

The company opened 14,500 rooms across 99 hotels in the quarter, up 17 percent YOY excluding conversions, IHG said in a statement. It signed 23,000 rooms across 170 hotels, an 18 percent increase from a year earlier.

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