Amsa Hospitality, Artal Hotels, and Hyatt just signed an MoU for three properties in Riyadh, including two conversions and a new build, all targeting 2026 openings. The real question isn't whether they can flag them fast enough... it's whether anyone's stress-tested what happens when 320,000 new rooms chase the same demand.
Chartres Lodging Group paid $57.2 million for a 179-room converted property steps from SoFi Stadium, banking on the World Cup, Super Bowl, and Olympics to justify a per-key basis that makes sense only if you believe three years of mega-events can permanently reset an Inglewood rate ceiling.
Nearly $1 trillion in commercial real estate loans are maturing this year alone, and office valuations have cratered 53% on average. The hotel conversion math finally works... but "works" depends entirely on which line you stop reading at.
