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The new entity will initially own 2,300 hotel rooms in the U.S. and UK.
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The redevelopment would add 400 rooms between two eight-story buildings that would flank the existing Hilton Miami Airport Blue Lagoon.
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Construction in the U.S. hotel sector is growing as the industry anticipates future interest rate cuts, a new report says.
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Wyndham added 500 new hotels to its system in 2023 despite what CEO Geoff Ballotti has described as a hostile and risk-laden takeover bid from Choice Hotels.
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Dublin-based Dalata is set to explore all options for the company, including a possible sale, as it seeks capital to boost its expansion plans.
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The revised forecast reflects pent-up travel demand cooling down and traditional hotel alternatives eating into demand.
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The data breaches affected more than 300 million people worldwide.
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Despite the down outlook, Host Hotels reported increased cash flow and revenue in the first quarter.
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The boutique hotel company would fit in with Hyatt's recent acquisitions and overall plan to grow while remaining "asset-light."
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Irish hotel group Dalata has announced plans to increase its total rooms to 21,000 and another major share buyback programme.
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