Ed Brock is an award-winning journalist who has worked for various U.S. newspapers and magazines, including with American City & County magazine, a national publication based in Atlanta focused on city and county government issues. He is currently assistant editor at Asian Hospitality magazine, the top U.S. publication for Asian American hoteliers. Originally from Mobile, Alabama, Ed began his career in journalism in the early 1990s as a reporter for a chain of weekly newspapers in Baldwin County, Alabama. After a stint teaching English in Japan, Ed returned to the U.S. and moved to the Atlanta area where he returned to journalism, coming to work at Asian Hospitality in 2016.
PLANS ARE IN the works to possibly reopen travel to and from the U.S. and Europe, according to comments by President Joe Biden. The statements came as a relief to the U.S. Travel Association, part of a coalition of 24 trade organizations that recently called for an end to all travel restrictions worldwide.
Biden’s comment came during a press briefing at the White House with visiting German Chancellor Angela Merkel in response to questions about why the restrictions were still in place when scientific data indicated they were no longer needed.
“It’s in process now. And I’ll be able to answer that question to you within the next several days,” he said. “What is likely to happen, I’m waiting to hear from our folks in our COVID team as to when that should be done.”
Merkel said she had raised the issue during the two leaders’ meeting that day. She also urged caution and patience in light of the recent spread of the Delta variant of the corona.
“The Delta variant actually being on the increase, that is, again, a new challenge to both of us. And obviously, before such a decision, one has to reflect, and it has to be a sustainable decision,” she said. “It is certainly not sensible to have to take it back after only a few days. I have every confidence in the American COVID team.”
Biden and Merkel’s statements are welcome because the impact of continuing restrictions on many countries in Europe is too great, said Tori Emerson Barnes, USTA’s executive vice president of public affairs and policy.
“The science says we can safely reopen international travel now, particularly for countries that have made considerable progress toward vaccinating their citizens. With proper safeguards in place, studies by the U.S. Department of Defense, the Mayo Clinic and Harvard University have all independently concluded the safety of air travel today,” Barnes said. “Each day that outdated restrictions on travel exist wreaks economic damage on our nation, not to mention the personal toll on individuals separated from their families and loved ones. Travel bans related to Canada, Europe and the U.K. alone cost the U.S. economy $1.5 billion every week—enough to support 10,000 American jobs.”
The U.S. economy loses $1.5 billion in spending just from Canada, the European Union and the United Kingdom for each week that travel restrictions remain in place, USTA said in a previous article. That’s enough money to support 10,000 American jobs.
Last week, USTA joined a coalition of 24 trade organizations in calling for the lifting of restrictions on international travel. The coalition had asked for the restrictions to be lifted by July 15.
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.
It has an outdoor pool and more than 26,000 square feet of meeting space, Stonebridge said in a statement. The downtown Dallas property is near Main Street Garden Park, the Arts District, the Kay Bailey Hutchison Convention Center, Deep Ellum, Klyde Warren Park, and the Dallas World Aquarium.
“The Statler is an extraordinary asset with a storied history in Dallas, and we are thrilled to welcome it to our managed portfolio,” said Rob Smith, Stonebridge’s president and CEO. “Its blend of modern hospitality with timeless character makes it a natural fit within our lifestyle collection. We look forward to honoring the property’s legacy while enhancing performance and delivering an elevated guest experience.”
Stonebridge, based in Denver, is a privately held hotel management company founded by Chairman Navin Dimond and led by Smith. The company recently added the 244-room Marriott Saddle Brook in Saddle Brook, New Jersey, to its full-service portfolio.
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G6 Hospitality and the Texas Hotel & Lodging Association will support Texas hotel advocacy.
G6 adds an economy-brand perspective to policy and support discussions.
The two will co-host workshops for market education and talent development.
G6 HOSPITALITY, PARENT of Motel 6 and Studio 6, recently joined the Texas Hotel & Lodging Association to expand a statewide coalition on advocacy, public safety and market growth for its Texas franchisees. The company brings an economy-brand perspective to discussions that influence policy, operations and guest experience across the state.
The two will co-host workshops, forums and tech showcases to support market education, best-practice sharing and talent development statewide, the duo said in a statement.
“As we join THLA, our goal is to contribute to a stronger Texas lodging ecosystem—advocating smart policy, elevating safety and guest experience and providing collaborative learning opportunities for our franchisees and employees statewide,” said Sonal Sinha, G6 Hospitality's CEO. “We’re proud to add our voice and scale to THLA’s efforts while equipping our franchisees with Texas-specific resources to operate confidently and grow.”
The company will support discussions on competition, consumer protection, tourism promotion and workforce initiatives for independent and branded hotels, the statement said. OYO CEO Ritesh Agarwal is chair of G6 Hospitality.
“G6 Hospitality’s membership strengthens our initiatives that help advance Texas hotels," said Scott Joslove, THLA's president and CEO. "Their reach in the economy segment brings valuable insights to policy development, workforce initiatives and community safety programs that benefit properties in every market and price point."
THLA works with state and local leaders to promote business growth, protect consumers, and support hotels with legal guidance, policy insights and education, the statement said. The association will provide Texas-specific compliance and operations training for G6 owners and teams alongside G6’s standards.
Peachtree secured EB-5 approval for a Florida multifamily development project.
The 240-unit community in Manatee County is backed by $47 million in construction financing.
It is Peachtree’s fourth EB-5 project approval since launching the program in 2023.
PEACHTREE GROUP RECENTLY secured EB-5 approval from U.S. Citizenship and Immigration Services for Madison Bradenton, a 240-unit multifamily development in Bradenton, Florida. It also raised $47 million in construction financing with a four-year term for the project on a 10.7-acre site in Manatee County.
The approval allows the company to advance its EB-5 Immigrant Investor Program, which directs foreign investment to U.S. job creation, Peachtree said in a statement.
“Madison Bradenton reflects the strong demand for high-quality multifamily housing in growing markets,” said Adam Greene, Peachtree’s executive vice president of EB-5. “This project underscores our ability to pair EB-5 financing with secured lending, delivering attractive opportunities for investors while meeting critical housing needs.”
The project will include five four-story apartment buildings with elevators, a two-story carriage building and a clubhouse, with residences averaging 1,027 square feet and featuring private patios or balconies. The location provides access to employment centers, healthcare facilities and Siesta Key Beach.
Atlanta-based Peachtree is led by Greg Friedman, managing principal and CEO; Jatin Desai, managing principal and CFO and Mitul Patel, principal.
This is Peachtree’s fourth approved I-956F application, following projects such as Home2 Suites by Hilton in Boone, North Carolina; SpringHill Suites by Marriott in Bryce Canyon, Utah and TownePlace Suites by Marriott in Palmdale, California. In May, Peachtree secured USCIS approval for four regional centers—South, Northeast, Midwest and West—allowing it to sponsor EB-5 projects in those territories.
The EB-5 visa program allows foreign investors to obtain a green card by investing in a U.S. commercial enterprise that creates jobs, the statement said. Investors who contribute at least $800,000 to a project that creates or preserves 10 full-time jobs for U.S. workers are eligible for permanent residency.
Separately, Peachtree launched the $250 million Special Situations Fund to invest in hotel and commercial real estate assets affected by capital market illiquidity.
North America recorded a 10 percent decline while Central America dropped 12 percent.
THE GLOBAL TRAVEL and tourism sector recorded an 8 percent year-on-year decline in total deal activity during the first half of 2025, according to market data firm GlobalData. Reduced investor appetite was seen across major deal types: mergers and acquisitions, private equity and venture financing.
GlobalData’s analysis shows venture financing deals fell by about 25 percent and private equity deals dropped by around 20 percent compared to the same period last year. M&A activity proved more resilient with a smaller 3.5 percent decline in volume. North America saw a 10 percent decline while Central America saw a 12 percent decline.
“The overall decline underscores a broader trend where macroeconomic factors and investor sentiments are reshaping deal-making strategies within the industry. The subdued activity suggests that dealmakers are becoming increasingly cautious, likely due to macroeconomic challenges and volatile market conditions,” said Aurojyoti Bose, lead analyst at GlobalData. “The decline in venture financing and private equity deals, suggests a dent in investor sentiment, emphasizing a trend of reduced risk appetite.”
The Asia-Pacific region posted growth, with deal volume rising 11 percent in H1 2025, driven by increased activity in Japan and India. In contrast, Europe saw a 19 percent drop, the Middle East and Africa fell 39 percent and South and Central America declined 12 percent.
Among major markets, the US, China and Germany all recorded declines in deal announcements while the UK maintained deal volumes at similar levels to last year.
GlobalData notes that historical figures may change if additional deals from earlier months are disclosed later.
Last year saw a 12.6 percent decline, with a total of 347 mergers and acquisitions, private equity and venture financing deals reported in the global travel and tourism sector during the first half of 2024.
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.
“We were honored to stand with our partners and our community to bring attention to this issue,” Patel said. “Together, through awareness and action, we are working toward a future where every individual is safe, seen and supported.”
The Red Sand Project is a symbolic initiative to raise awareness and promote action on human trafficking, the statement said. Participants poured red sand into sidewalk cracks to represent victims who have fallen through the cracks of society. This year’s event came as the Chattanooga community reported progress in prevention and survivor restoration over the past year.
“The Red Sand Project reminds us that human trafficking continues to be a pressing public health issue and a devastating reality in every state,” said Jenelle Hawkins, Vision's director of operation excellence. “As members of the hotel industry, we understand our unique position to help identify and prevent trafficking. We are proud to be part of a community that is not only raising awareness but also driving real solutions. As we mark our fourth year, our commitment is stronger than ever.”
According to the Tennessee Bureau of Investigation, there were 213 reported human trafficking cases in Tennessee in 2024, involving 446 victims. Events like the Red Sand Project raise awareness, promote education and encourage community action.
Vision Hospitality Group combats trafficking through community partnerships, staff training and philanthropic support. In 2024, it donated $100,000 to the AHLA Foundation’s No Room for Trafficking Survivor Fund, which provides housing and job placement services to survivors nationwide.
If you know someone who needs help escaping trafficking, call the Tennessee Human Trafficking Hotline at 1-855-558-6484. To report a suspected victim, call the National Human Trafficking Hotline at 1-888-373-7888 or text 233722.
In June, Vision broke ground on a 150-key Hilton dual-brand in Lookout Valley, Chattanooga, Tennessee.