Sage Hospitality Adds Hyatt Centric Fisherman’s Wharf to Portfolio
Category: Industry News, Management
DENVER, Colorado—Sage Hospitality Group welcomed Hyatt Centric Fisherman’s Wharf San Francisco Hotel to its growing portfolio. This is the second collaboration with Park Hotels & Resorts, following the addition of Hilton Denver City Center last December. This adds to Sage’s presence in the Bay Area, with Hyatt Centric Fisherman’s Wharf joining four independent lifestyle hotels in San Francisco and properties in Sonoma and Napa Valley. “We are honored to expand our partnership with Park Hotels
A clear sign of the inroads AI is making into the hospitality industry, the Otonomus Hotel is set to open in Las Vegas, Nevada, in March. Otonomus—a company that integrates AI with real estate and property management—will exhibit its flagship property at CES 2025 as “the first AI-powered hotel.” The Otonomus Hotel will leverage the company’s FIRO, a management dashboard and AI-powered booking engine that optimizes operations through dynamic room allocations and pricing to maximize
Signature Inn Berkeley Exterior NEWTON, Massachusetts—Sonesta International Hotels Corporation announced the opening of Signature Inn Berkeley, a 29-room, upper-economy property located in Berkeley, California. The hotel is near attractions in Berkeley, San Francisco, and Oakland, including the University of California, Berkeley, Cesar Chavez Park, the beaches and marinas of San Francisco Bay, Claremont Canyon Preserve, and Siesta Valley Recreation Area. “Sonesta’s addition of the Signature Inn Berkeley marks the first opening for this brand in
Peachtree Group Increases Credit Transaction Volume
Category: Finance, Finance & Development, Financing, Real Estate
ATLANTA—Peachtree Group deployed $1.6 billion in credit transactions in 2024, marking a 54 percent increase from 2023. This growth shows Peachtree’s reach in private credit lending and its ability to provide financing solutions across multiple property types, including hospitality, multifamily, industrial, and specialty assets. Founded in 2007, Peachtree has evolved into a vertically integrated investment firm, growing its ability to source, underwrite, and manage assets. Since 2010, it has played a role in expanding private
WASHINGTON, D.C.—AAHOA commended the passage of the Hotel Fees Transparency Act out of the U.S. Senate Committee on Commerce, Science, and Transportation. This bipartisan legislation, introduced by Senators Amy Klobuchar (D-MN) and Jerry Moran (R-KS), aims to enhance price transparency by requiring hotels and short-term rentals to disclose the total cost of a booking, including all fees, upfront. AAHOA has advocated for fairness and transparency in pricing and believes this legislation is a step toward