The parties are pursuing other funding paths after MCR said it would not be able to meet its previously agreed upon closing commitment, per an SEC filing.
The independently owned franchise hotel in Lakeville allegedly refused to accommodate ICE officers, leading DHS to accuse Hilton of a “coordinated campaign” against the agency.
The new Marriott-brand hotel, part of a larger mixed-use redevelopment, comes as the city invests $3 billion to elevate its downtown for business travelers.
After acquiring the all-inclusive portfolio last year, Hyatt has offloaded the properties to Tortuga Resorts and an unnamed third-party buyer as it furthers its asset-light strategy.
Luxury travelers and major eventgoers are slated to drive hotel demand this year, while rising labor costs and advancements in artificial intelligence could shift hospitality operations.
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