Alabama

Accor agreed to sell its stake in Essendi, formerly AccorInvest, to a Blackstone-led consortium for up to 975 million euros. Plus, more hotel deal and development news.

Sculptor is buying the JW Marriott Marco Island resort for $835 million, while the Goodtime Hotel faces foreclosure. Plus, more hotel deal and development news.

Concord Hospitality expands its U.S. portfolio with new hotel openings, and Sandals plans a $200 million rebuild of three Jamaica resorts. Bernstein analysts suggest Hyatt could attract a mega-merger bid as the Pritzker family loosens its voting control of the chain. Plus, more hotel deal and development news.

CBRE Hotels' Robert Webster called this the second best buying opportunity of his career, as the Hunter conference buzzed with transaction optimism. Plus, more hotel deal and development news.

Capella Hotel Group announced the appointment of Roland Fasel as President. Plus, hotel deal and development news.

U.S. hotel deals and development stay active, with projects like a $100M World of Blue redevelopment near MetLife Stadium ahead of the FIFA World Cup.

The Armani Group announced a new joint venture to develop more Armani hotels. Plus, other hotel development news.

MCR informed partners it can't deliver its $200M equity commitment by the expected closing date for Soho House's take-private deal. Plus, more hotel deal and developmen news.

City Express by Marriott has reached 100 signed agreements in the U.S. and Canada. Plus, more hotel deal and development news.

Pebblebrook Hotel Trust has completed the sale of the 752-room Westin Michigan Avenue Chicago in Chicago, for $72 million. Plus, more hotel development news.