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U.S. Hotel Sales volume rises in second quarter. Yesterday at 2:00 PM PDT Skift take. LW Hospitality Advisors recorded 107 single-asset U.S. hotel transactions over $10 million in the second quarter. Plus, more hotel deal and development news. LW Hospitality Advisors' second-quarter 2026 Major U.S. Hotel Sales Survey recorded 107 single-asset transactions over $10 million, totaling approximately $3.8 billion and roughly 17,300 rooms. The average sale price per room was $218,000. Compared with the second quarter of 2025, the number of trades rose 20% and total dollar volume increased 16%. California, Florida, and New York accounted for 41% of trades and 50% of total investment volume. Notable transactions included Northwood Investors' sale of the 254-room Cheeca Lodge & Spa in Islamorada, Florida to Bass Pro Shops for nearly $306 million; Blackstone's acquisition of the 821-room Hyatt Regency San Francisco from Sunstone Hotel Investors for $279 million; and Meliá Hotels International's purchase of the 313-room INNSiDE by Meliá New York NoMad for $203 million, its first owned real estate in the U.S. after operating the property under a long-term lease since 2016. Associated Luxury Hotels International launched its Luxury Leisure & Business Travel Division, a sales service covering six transient channels - luxury wholesale, corporate travel, consortia, entertainment, retail, and online travel agencies. The division is designed to work as an extension of each member hotel's commercial team. It is led by SVP of Member Strategy & Commercial Strategy Cesar Wurm and includes Karen Codilla as vice president of optimization and three directors of global sales. Chatham Lodging Trust reported second-quarter RevPAR of $158, up more than 3% year-over-year and an all-time second-quarter high, with AFFO per diluted share rising 22% to $0.48. The company raised full-year guidance, with RevPAR now expected between $142 and $144 and AFFO per diluted share of $1.28 to $1.34. Chatham repurchased 0.3 million shares in the quarter at an average price of $9.07. It also commenced construction on a 130-suite Home2 Suites by Hilton Portland Downtown Waterfront, expected to open in the second quarter of 2028. Crestline Hotels & Resorts was selected by JMA Ventures to manage the dual-branded SpringHill Suites by Marriott Avon Vail Valley and TownePlace Suites by Marriott Avon Vail Valley in Avon, Colorado. The two properties, comprising 116 and 127 suites, respectively, sit near Beaver Creek and Vail's ski slopes. Both offer complimentary breakfast, an outdoor heated pool, a fitness center, a winter shuttle to the ski resorts, and the Corduroy Bar and Bites. Hilton Garden Inn Cincinnati/West Chester completed a $1.6 million renovation of its 125-room property in West Chester Township, Ohio. The six-month project covered guestrooms, lobby, meeting space, fitness center, pool and outdoor space. The hotel is owned by Sterling Hospitality and managed by Ivy Hospitality. IHG Hotels & Resorts opened Garner Birch Run - Frankenmuth Area, a 71-room converted property in Birch Run, Michigan. The hotel is owned by Birch Run Lodging and managed by Mid America Hospitality. Amenities include complimentary breakfast, a fitness center, an indoor pool, and a 24-hour market. Gottardo Hotels & Resorts opened the 125-suite Staybridge Suites Aurora East by IHG in Aurora, Ontario, next to its existing Holiday Inn Express & Suites Aurora. The extended-stay property offers studio, one- and two-bedroom suites with fully equipped kitchens, complimentary breakfast, an indoor pool, and a lobby bar. The hotel also includes the Valentino Event Centre, a 3,190-square-foot venue for meetings and social events. Reuben Brothers and Three Rules Capital received approval for Esencia, a $2 billion-plus luxury development on more than 2,000 acres along Puerto Rico's southwest coast in Cabo Rojo. The project will include 500 luxury hotel rooms anchored by Mandarin Oriental and Rosewood Hotels & Resorts, along with 1,200 private residences priced from approximately $2 million to over $20 million. Additional hotel partners are expected to be named this summer. The first phase is expected to break ground shortly, with guests and residents welcomed in late 2029. CASCADA announced plans for a 68-room wellness retreat in Bend, Oregon, expected to open in 2028. The property builds on the brand's Portland flagship and will feature rooms with private balconies and fireplaces, thermal springs, spa facilities and food and beverage offerings. The project is expected to create more than 150 permanent jobs. Left Lane will open Recess Hotel & Club Savannah in September 2026. The 221-key lifestyle hotel and members' club comprises 136 guest rooms, 23 suites, and 62 bunk rooms. Food and beverage outlets include French brasserie Le Flâneur and rooftop bar and pool Kilter. The property also features a lobby bar, wellness spa Saltgrass, members-only social club Club Recess, and 6,500 square feet of event space. The hotel is a member of Leading Hotels of the World and is Left Lane's second Savannah property, following Hotel Bardo Savannah, which opened in February 2024. Lark Hotels opened Shore Haven, a 21-room boutique hotel in Falmouth, Massachusetts. The property is housed in a building originally constructed in the 1800s and features interiors by Boston firm Reider + Co., a heated saltwater pool, and outdoor gathering spaces. The Kontiki Beach Resort in Willemstad, Curaçao, added 22 rooms and suites. The new wing centers on a magnesium pool and features natural materials throughout. The resort has operated since 2006. Hilco Real Estate is managing two hotel bankruptcy sales. The former Wyndham City Centre in Springfield, Illinois - a 31-story property with 369 guestrooms, 27 apartments and roughly 50,000 square feet of meeting and event space - has a Sept. 15 bid deadline. The 138-room Baymont by Wyndham Lubbock Downtown Civic Center in Lubbock, Texas, is being brought to market with bids due Aug. 18. Both sales are subject to bankruptcy court approval. CooperWynn Capital closed a $4.875 million CMBS refinancing of the 64-room My Place Hotel-Midland, Texas. The five-year fixed-rate, non-recourse loan returned equity to ownership through a cash-out structure. Personnel moves. Pyramid Global Hospitality made four senior appointments. Chris Dunne joins as chief financial officer, with prior roles at Atrium Hospitality and IHG Hotels & Resorts. Jenny Zhang was appointed corporate vice president of luxury operations, most recently with The Ascott Limited. Thomas Pavlik and Chad Heilesen were promoted to vice presidents of operations within the Benchmark Resorts & Hotels portfolio. Bill McKinney joins as corporate director of food and beverage, coming from IHG's Luxury & Lifestyle portfolio where he oversaw food and beverage at more than 45 hotels. Azul Hospitality appointed Jennifer Boyce-Heller as senior vice president of accounting and Bobby Copeland as regional vice president of operations. Boyce-Heller joins from Sage Hospitality Group, where she led the company's enterprise accounting platform. Copeland brings more than 25 years of experience across Marriott, Hyatt and Hilton-branded hotels. Onefinestay appointed Kate Brown as vice president of sales. Brown brings more than 15 years of luxury hospitality experience, most recently as director of sales at Auberge Resorts Collection. The company also plans to introduce two new destinations before the end of 2026.

Mule Deer Foundation and Bass Pro Shops and Cabela's work together to ensure the future of Mule Deer. CLEARFIELD, UTAH, July 28, 2026 - The Mule Deer Foundation (MDF), with continued support from the Bass Pro Shops and Cabela's Outdoor Fund, is advancing efforts to improve wildlife habitat across lands vital to mule deer survival. Building on a decade-long partnership, a recent $350,000 grant from the Bass Pro Shops and Cabela's Outdoor Fund will allow MDF to expand conservation work across multiple states to build habitat resilience that sustains wildlife. This investment from Bass Pro Shops and Cabela's Outdoor Fund plays a critical role in MDF's ability to secure and implement match funding at ratios of up to 6:1 through extensive partnerships with federal and state agencies. This translates into landscape-scale impacts that strengthen mule deer herds and improve hunting opportunities. "Bass Pro Shops and Cabela's are known for helping outdoor enthusiasts prepare for their outdoor adventures," said Greg Sheehan, President and CEO of the Mule Deer Foundation. "And for over 50 years, Johnny Morris, Bass Pro Shops and Cabela's have been industry leaders in supporting conservation that sustains big game species and enhances recreational opportunities. The Mule Deer Foundation is proud to share these same values." With this grant, MDF will focus on improving grassland and shrubland habitats across Great Plains states and southern Idaho where fences, invasive grasses, and wildfire have significant impacts on mule deer habitats. MDF anticipates improving or restoring 20,000 acres of mule deer habitat and modifying 25-30 miles of wildlife-friendly fencing through this investment. This work will provide broader ecological benefits to a wide range of wildlife species that depend on these landscapes, including mule deer, pronghorn, sage-grouse, other upland birds, and waterfowl. Private landscapes provide critical winter range, transitional habitat, and essential connectivity between public lands. By focusing on restoration and improvements to agricultural lands, MDF removes barriers to wildlife movement and contributes to healthier landscapes. The Great Plains and sagebrush ecosystems of the western U.S. are of vital importance not only to mule deer and other wildlife but also to its human connection with the West. This strategic partnership ensures that conservation investments are applied where they can achieve the greatest impact for mule deer and for outdoor traditions that depend on healthy western landscapes. The Mule Deer Foundation is proud to partner with Bass Pro Shops and Cabela's, and their customers across the nation as Muledeer work together to ensure the future of mule deer across the West. For more information about the Mule Deer Foundation's conservation initiatives, please visit www.muledeer.org. Media Contact: Mule Deer Foundation | 801-973-3940 | [email protected] About the Mule Deer Foundation The Mule Deer Foundation is a 501(c)(3) nonprofit organization dedicated to ensuring the conservation of mule deer, black-tailed deer, and their habitat. Through science-based management, partnerships, and community engagement, MDF works to enhance wildlife populations and maintain healthy, connected landscapes for future generations.