Summary: Wyndham expands its all-inclusive footprint; DoubleTree by Hilton Montreal for sale

WYNDHAM ALLTRA OPENS IN THE DOMINICAN REPUBLIC: Wyndham has expanded its all-inclusive portfolio in the Dominican Republic with the opening of Wyndham Alltra Samana. Located in Las Galeras in the province of Samana, the hotel is managed by Playa Hotels & Resorts. The resort has 404 rooms and suites with private balconies and garden views, about ten restaurants, a swimming pool, a spa and a fitness center. The hotel will soon add a new water park and 620 suites with private swimming areas, private balconies and two bedrooms. The property is Wyndham Alltra's first resort in the Dominican Republic, where Wyndham Alltra plans to open Wyndham Alltra Punta Cana, also managed by Playa. The two resorts complement Wyndham's all-inclusive footprint, which currently has 40 resorts worldwide.

DOUBLETREE BY HILTON MONTREAL sells: Artifact Group, a Canadian-based hospitality management company, has completed the acquisition of the DoubleTree by Hilton Montreal joint venture from Pandox. Located in downtown Montreal, the newly renovated hotel features 595 guest rooms, two restaurants, fine dining, an indoor pool, spa, fitness center and 45,600 square feet of event space. The acquisition marks Artifact's second partnership with Hilton following the acquisition and rebranding of Vogue Hotel Monetreal Downtown, Curio Collection by Hilton in 2020. In February, Pandox announced an agreement to sell the hotel for CA$80 million (US). $58 million). Pandox bought the hotel in 2008 and developed it in stages. The sale will help Pandox realize value and free up capital for higher return investments in their home markets.

PARK HYATT ZURICH TRADES: Trinity Investments, a joint venture between funds managed by Oaktree Capital Management and UBS Asset Management's real estate and private markets multi-manager business, has acquired Park Hyatt Zurich. The hotel was purchased from the Hyatt Hotels partnership. The 138-room luxury hotel will continue to operate as Park Hyatt Zurich as part of a long-term partnership with Hyatt. Occupying a prime island location in the city's central business district, the hotel offers three dining options, a fitness center, 880 square meters of event space and underground parking. The purchase includes approximately 4,000 square meters of hotel office space. The deal is Trinity's third hotel acquisition from Hyatt, seventh globally with Oaktree and second globally with UBS Asset Management. The hotel marks Trinity's entry into Europe and expands the relationship between the three companies.

A NEW BEGINNING OF FINE HOSPITALITY: Aligned Hospitality Management, a third-party hotel management company, has reached a milestone by adding its 25^th property to his portfolio. Aligned has been selected to manage The M Solvang in Solvang, California, marking the company's debut in the California market. Located in Santa Barbara wine country, the 24-room M Solvang opened in 1950 as an apartment building under the management of Mr. and Mrs. Hansen. The property was converted into a motel in 1953. The M Solvang joins a collection of boutique hotels in Aligned Hospitality's portfolio, which includes The Tucson in Tucson, The Alice in Tucson, Ariz., and The Sedona Collection in Sedona.