Skip to content

Search

Latest Stories

NewcrestImage, Coury Hospitality forge partnership for lifestyle hotel development

The partnership bolsters their plan to expand footprint in the segment

NewcrestImage, Coury Hospitality forge partnership for lifestyle hotel development

NEWCRESTIMAGE RECENTLY PARTNERED with Coury Hospitality aiming to advance their efforts in the development of lifestyle hotels. As part of the collaboration, NewcrestImage acquired a 50 percent ownership stake in Coury, NewcrestImage said in a statement.

According to the statement, NewcrestImage’s portfolio includes approximately 70 hotels spread across 26 states, while Coury Hospitality specializes in managing lifestyle hotels, currently operating 12 hotels in six states. Among these are 10 Marriott Autograph Collection properties, with an additional three under development properties, the statement added.


"This investment allows us to compete, grow, and succeed together, leveraging our extensive resources, wide geographic reach, and shared commitment to fostering a close-knit corporate culture,” said Mehul Patel, chairman and CEO of NewcrestImage.

Paul Coury, CEO, Coury Hospitality, and president of Marriott’s Autograph Collection Advisory Board, emphasized the alignment of their strategic goals.

"Our singular focus on managing, developing, and owning lifestyle hotels has yielded remarkable results,” he said. “With the support of NewcrestImage, we can capitalize on our deep management expertise and strategically expand our portfolio.”

In addition to their hotel operations, Coury Hospitality also operates 27 food and beverage outlets across the U.S., further diversifying their business offerings, it said.

In March, a JV between NewcrestImage and Hospitality Capital Partners completed the acquisition of 16 hotels from Service Properties Trust, a Massachusetts-based REIT, for $137.3 million.  The deal included a total of 2,155 rooms in nine states.

More for you

Vision Hospitality Hosts Red Sand Project in Chattanooga, Tennessee
Photo credit: Vision Hospitality Group

Vision hosts Red Sand Project against human trafficking

Summary:

  • Vision held its Red Sand Project to combat human trafficking in Chattanooga, Tennessee.
  • It fights trafficking through partnerships, staff training and philanthropic support.
  • Tennessee reported 213 human trafficking cases in 2024, involving 446 victims.

VISION HOSPITALITY GROUP held its fourth annual Red Sand Project with WillowBend Farms to combat human trafficking in Chattanooga, Tennessee. The event brought together organizations working to combat human trafficking, including the Family Justice Center for Hamilton County and the Hamilton County Health Department.

Keep ReadingShow less
Choice Hotels
Photo credit: Choice Hotels International

Choice posts $81.7M Q2 profit, 93K-room pipeline

Summary:

  • Choice Hotels International reported Q2 net income of $81.7 million.
  • Domestic RevPAR fell 2.9 percent due to macroeconomic conditions.
  • Extended-stay portfolio rose 10.5 percent YoY, with a domestic pipeline of 43,000 rooms.

CHOICE HOTELS INTERNATIONAL reported second-quarter net income of $81.7 million, down from $87.1 million a year earlier. Its forecast for the year remained positive, but was downgraded some to account for changes in macroeconomic conditions.

Keep ReadingShow less
Hotel exterior of Motel 6 Las Vegas under G6 Hospitality and Galaxy Hotels partnership
Photo credit: G6 Hospitality

G6, Galaxy aim to grow Motel 6, Studio 6

Summary:

  • G6 Hospitality and Galaxy Hotels Group are expanding Motel 6 and Studio 6 in the U.S.
  • Galaxy said G6 brands outperform others in guest satisfaction and value.
  • One Galaxy hotel generates $8–10M annually; the full G6 portfolio is expected to reach $50M.

G6 HOSPITALITY AND Galaxy Hotels Group are now working to expand the Motel 6 and Studio 6 footprint in the U.S. About 10 Galaxy-managed hotels, totaling more than 1,300 rooms, will operate under the G6 brands, with more to follow.

Keep ReadingShow less
Marriott International expands global hotel pipeline in Q2 2025

Marriott pipeline hits record 590,000 rooms

Summary:

  • Marriott International ended Q2 with a record pipeline of about 3,900 properties and more than 590,000 rooms.
  • Global RevPAR rose 1.5 percent, including a 5.3 percent gain in international markets.
  • Net income slipped 1 percent to $763 million; 17,300 net rooms were added.

MARRIOTT INTERNATIONAL’S GROWTH continued in the second quarter, according to the company’s recent earnings report. Along with its active pipeline, the company saw rising revenue and launched a new brand.

Keep ReadingShow less
OYO Adds 150 U.S. Hotels in 2025, Plans Another 150
Photo credit: OYO U.S.

OYO adds 150 U.S. hotels, plans 150 more

Summary:

  • OYO added more than 150 U.S. hotels in early 2025 and plans 150 more by year-end.
  • Ten additions have more than 100 rooms, reflecting a focus on high-inventory properties.
  • It is targeting urban and suburban markets in the Sun Belt and Great Lakes regions.

HOSPITALITY TECHNOLOGY COMPANY OYO added more than 150 hotels to its U.S. portfolio in the first half of 2025 and plans to add 150 more by year-end. The additions span Texas, Virginia, Georgia, Mississippi, California, Michigan and Illinois.

Keep ReadingShow less