HN Capital Partners

Stock market decline: DJIA and Nasdaq both down, S&P 500 fell, causing investor anxiety due to rising interest rates. Hotel acquisitions and auctions: Apple Hospitality acquires Courtyard by Marriott in Cleveland, Sheraton Bucks County Langhorne hotel up for auction, Holiday Inn in Charleston to become Live Oak in Marriott’s Tribute Portfolio. Hotel developments: Hampton Inn & Suites in Manistee near completion, Resorts World Las Vegas opens private members’ club, Virgin Hotel in Dallas changes ownership, Kona Village in Hawaii opens as a Rosewood Resort.

A new  American Express Global Business Travel report  suggests  hotel rates worldwide will increase again in 2023 thanks to pent up demand for in person meetings. Choice Hotels  International announced the opening of the first  Everhome Suites hotel, debuting in  Corona, California . HN Capital Partners  announced the acquisition of the historic  Rosewood Mansion on Turtle Creek , an iconic century old former private estate in Dallas.