The 119-room hotel, now operated by Marshall Hotels & Resorts, opened in 2008 and underwent a renovation in 2017.

Marriott International will continue to manage the hotel on behalf of an affiliate of Walton Street Capital.

Titan Hotel Group sold the 106-room Fairfield Inn & Suites to Baywood Hotels.

Last year, the Mediterranean region reported an 8.4-percent increase in international tourist arrivals, with the trend set to continue this year.

Developers are racing to meet Dubai's goal of reaching 164,000 guestrooms by October 2020, but one leading player is set to sell five luxury hotels.

YTL Hotels & Properties has acquired a company that owns a Madrid hotel, which the Malaysian company plans to rebrand as an Edition.

Island Hospitality Management will manage the recently opened 167-room Courtyard by Marriott Downtown Dallas.

With the addition of five lifestyle brands—Alila, Destination, Joie de Vivre, Thompson and tommie—Hyatt has expanded its presence into 23 new markets.