Industry Overview - The U.S. hotel market was valued at $263.21 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 7.1% through 2030, indicating long-term growth prospects despite recent setbacks [2] - The hospitality industry has faced significant challenges, including a 43-day U.S. government shutdown that resulted in $6.1 billion in losses across travel-related sectors [2] Impact of COVID-19 - The hotel industry experienced devastating losses during the COVID-19 pandemic, with over $46 billion lost in room revenue by mid-February 2020 and projections of $76.4 billion in losses and 670,000 layoffs by the end of that year [3] Company Specifics - Hilton Worldwide Holdings Inc. has been managing and franchising the DoubleTree brand since its founding in 1919, but recent pressures have led to multiple closures of DoubleTree locations across the U.S. [4] - The DoubleTree by Hilton in Downtown Cleveland is set to permanently close on January 30, 2026, resulting in the layoff of approximately 66 employees [5] - The closure is attributed to "business reasons which are out of the company's control," with no ability to undertake remedial measures [6] - Despite its prime location near Lake Erie and popular attractions, the DoubleTree hotel has struggled financially in recent years [7]

Acquisition and Development - Aravest and Wee Hur have acquired Hotel Miramar Singapore for SGD160 million, approximately SGD465,100 per key, with plans to refurbish and rebrand it as DoubleTree by Hilton Singapore Robertson Quay, set to reopen in Q4 2026 [1] - CG Capital plans to develop five new hotels in Thailand, with a combined investment of over THB5 billion, focusing on key resort destinations in Phuket and Koh Samui [5] IPO and Market Activity - Coliwoo, a co-living spin-off of LHN Limited, debuted on the Singapore Exchange at SGD0.615 during its IPO, raising approximately SGD101 million, with a public tranche that was 20.7 times subscribed [2] - Jardine Matheson has announced a privatisation offer for Mandarin Oriental, valuing the luxury hotel group at approximately USD4.2 billion, representing a 52.3% premium to its last closing price [4] Strategic Growth and Expansion - Cross Hotels & Resorts, recently acquired by Sono International, aims to grow its portfolio to 100 hotels by 2030, leveraging Sono's resources for regional expansion [3] - Coliwoo targets an expansion of 800 rooms annually, aiming to reach 4,000 rooms by 2026, currently managing 25 properties with over 3,000 keys [2]