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G20 Summit Boosts Tourism in Gauteng
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Ashford Hospitality Trust Sells Three Hotels
Ashford Hospitality Trust has agreed to sell three US hotel properties for a combined $69.5 million. The deal includes a Tribute Portfolio hotel in New Orleans and an Embassy Suites in Austin. This move aligns with its broader strategy to offload non-core assets and improve liquidity. Read more
CitizenM Parent Rebrands to “Another Star”
The original company behind citizenM is rebranding as Another Star, four months after Marriott’s acquisition of the brand. Under the new name, it will continue to operate all citizenM hotels through long-term franchise deals with Marriott. Another Star has also secured a $685 million financing package, led by J.P. Morgan, to support its portfolio. Read more.
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Blackstone Prices $970M CMBS for Del Coronado Hotel
Blackstone has priced a $970 million CMBS deal secured by the Del Coronado Hotel. Since acquiring the property in 2015, Blackstone has invested about $569 million in upgrades. The strong pricing (“very tight”) suggests robust investor demand for hotel-backed securities in the current market. Read more.
G20 Summit Boosts Tourism in Gauteng
Gauteng province in South Africa saw an estimated R1 billion boost in tourism revenue due to the G20 Summit. The surge was fueled by a large number of delegates and international visitors over the summit weekend. Interestingly, US tourists outnumbered British visitors, highlighting a shift in travel patterns. Read more.
RIU Plans to Reopen All Jamaica Hotels by Year End
RIU Hotels & Resorts says it will reopen all seven of its Jamaican hotels before the end of 2025, following damage from Hurricane Melissa. Riu Montego Bay and the Riu Palace Jamaica have already reopened; others are set to follow between Nov 30 and Dec 15. The company has also committed US$1 million to support staff recovery and rebuild damaged infrastructure. Read more.
2026 Cybersecurity Predictions
Cybersecurity in 2026 will face AI-driven threats and complex regulations. To stay ahead, organizations need strategic foresight, strong governance, and deep vulnerability awareness. Baker Tilly’s 2026 Cybersecurity Predictions e-book offers insights to help shape defenses and take action today for a resilient tomorrow. Download your copy.
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