Hotels & Accommodations
MUWA NISEKO / Nikken Sekkei
Text description provided by the architects. This condominium hotel is located in a prime location directly connected to the Niseko Hirafu ski slopes in Hokkaido, Japan. The architecture expresses the characteristics of Niseko and its landscape dotted with small-scale buildings, and the gabled roofs characteristic of Hokkaido’s and the greater region’s traditional landscape context, while also incorporating the features of “condominium-style development,” where each unit has its own owner. By expressing these elements as a collection of gabled roofs, the design achieves both economic efficiency and rationality while preserving the landscape of Niseko. The hotel offers a variety of unique experiences, including guest rooms that blend seamlessly with the landscape, a lobby that frames the natural beauty of Niseko, and an open-air bath with views of Mt. Yōtei. This is an architecture that can only be found in this location.
Sunstone Hotel Investors, Inc., a prominent real estate investment trust (REIT) specializing in the acquisition, ownership, and asset management of hotels, has released its Form 10-Q report for the second quarter of 2025. The report highlights the company’s financial performance and operational activities, providing insights into its revenue growth, net income fluctuations, and strategic business initiatives.
Financial Highlights
Total Revenues: $259.8 million, increased by 5.0% compared to the second quarter of 2024, driven by higher room and food and beverage revenues.
Net Income: $10.8 million, decreased by 58.8% compared to the second quarter of 2024, primarily due to increased operating expenses and a loss on the sale of assets.
Income Attributable to Common Stockholders: $6.8 million, decreased by 69.5% compared to the second quarter of 2024, reflecting the impact of preferred stock dividends.
Adjusted EBITDAre: $72.7 million, decreased by 1.1% compared to the second quarter of 2024, influenced by a decrease in corporate-level Adjusted EBITDAre.
FFO Attributable to Common Stockholders: $49.4 million, decreased by 7.2% compared to the second quarter of 2024, reflecting lower net income and higher depreciation and amortization.
Business Highlights
Revenue Segments: The company’s revenue is primarily derived from the operation of its hotels, with room revenue, food and beverage revenue, and other operating revenue being the main contributors. Room revenue increased by $4.8 million, or 3.1%, in the second quarter of 2025 compared to the same period in 2024, driven by the performance of renovated hotels and the acquisition of the Hyatt Regency San Antonio Riverwalk.
Geographical Performance: The company’s hotels in urban and resort destinations experienced varied performance. The Two Renovation Hotels, Andaz Miami Beach and Marriott Long Beach Downtown, showed significant improvements in occupancy and average daily room rates, contributing to a 99.6% increase in RevPAR. However, leisure demand in Maui was weaker, impacting the Wailea Beach Resort.
Sales Units: The company reported an increase in occupancy rates at its renovated hotels, with the Two Renovation Hotels experiencing a 2,350 basis point increase in occupancy. The acquisition of the Hyatt Regency San Antonio Riverwalk also contributed to increased occupancy and RevPAR.
New Product Launches: The company completed the renovation and rebranding of The Confidante Miami Beach to Andaz Miami Beach and the Renaissance Long Beach to Marriott Long Beach Downtown, enhancing its portfolio with these newly branded properties.
Future Outlook: The company anticipates continued challenges from inflationary pressures and potential declines in government-related travel. However, it expects to benefit from the post-renovation ramp-up of its newly branded hotels and the acquisition of the Hyatt Regency San Antonio Riverwalk. The company is also focused on maintaining its properties in good condition and investing in renovations and repositionings to enhance its competitive position.
SEC Filing: Sunstone Hotel Investors, Inc. [ SHO ] – 10-Q – Aug. 06, 2025
InnVest sells stake in Choice Hotels Canada for $154m Green Street News
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DALLAS, Texas—OYO announced that it has added over 150 new hotels to its OYO United States portfolio in the first half of 2025. With a pipeline of signed properties, OYO expects to add 150 more hotels by the end of the year.
The new hotels have been added in Texas, Virginia, Georgia, Mississippi, California, Michigan, and Illinois. OYO is also focusing on adding high inventory properties and has added 10 properties with over 100 rooms. Among the most significant recent additions are a 400-room oceanfront premium resort (Palette Sunset Waves Resort) in Myrtle Beach, South Carolina; a 130-room hotel (Capital O Kings Inn) in Memphis, Tennessee, a 130-room hotel Travellers Inn by OYO in Douglas, Georgia, and a 140-room hotel (Jackson Hotel and Convention Center) in Jackson, Tennesse, all of which was previously operating as independent hotels.
Going forward, OYO will continue to accelerate its portfolio growth through organic expansions, partnership-driven signings, and strategic conversions. Additionally, OYO is exploring new urban and suburban markets across the Sun Belt and Great Lakes regions.
Nikhil Heda, head of development, OYO US, said, “2025 is shaping up to be a busy year for all of us at OYO. We are helping our hotel owners unlock revenue growth and operational efficiency through our technology. Our expanded portfolio gives travelers more choice and value, while our direct channel momentum shows that OYO is becoming a trusted hospitality brand for both new and returning guests.”
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