Corporate/Finance: Page 10
-
Kent Nishimura via Getty Images
Sen. Elizabeth Warren calls on FTC to ‘closely scrutinize’ Choice-Wyndham merger
In a letter to FTC Chair Lina Khan, the senator raised concerns about Choice’s “hostile takeover,” asking the agency to block the deal if it violates antitrust law.
By Jenna Graber • Feb. 28, 2024 -
Courtesy of Aimbridge Hospitality
Craig Smith named CEO of Aimbridge Hospitality
The former Marriott executive succeeds Michael Deitemeyer, who announced his departure from the hospitality management company in November.
By Noelle Mateer • Feb. 28, 2024 -
davit85 via Getty Images
Hotel trends that drove Q4 revenue, portfolio growth
Despite a still-challenged lending environment and economic uncertainty, hotel operators focused on conversions and the booming midscale and luxury segments to fuel growth.
By Jenna Graber • Feb. 26, 2024 -
Courtesy of Raffles Boston
Accor posts record 2023 results, continues US luxury and lifestyle push
The French hotel company posted EBITDA of over 1 billion euros for the first time in its history, with its premium, midscale and economy brands driving RevPAR growth globally.
By Noelle Mateer • Feb. 26, 2024 -
Ethan Miller via Getty Images
MGM Resorts’ cyberattack headache continues as regulators launch investigations
The company said it could face fines in connection with regulatory inquiries stemming from the social engineering attack.
By David Jones • Feb. 26, 2024 -
onurdongel via Getty Images
Hyatt forecasts continued RevPAR, portfolio growth in 2024
Following a year of solid results, the hotel company will continue to expand its record pipeline as travel demand, particularly group, remains strong.
By Jenna Graber • Feb. 23, 2024 -
Robert Mora via Getty Images
Despite Q4 declines, Caesars remains optimistic about Las Vegas
The hotel company experienced “one-time” headwinds that negatively impacted results in the quarter, but heightened group demand and a robust events calendar in Vegas hold promise.
By Jenna Graber • Feb. 21, 2024 -
Spencer Platt via Getty Images
Hyatt announces new Americas leadership, regional restructuring
The hotel company has created two subregions to further drive performance in the Americas, led by Susan Santiago and Gabriel Felip.
By Noelle Mateer • Feb. 21, 2024 -
Courtesy of IHG Hotels & Resorts
IHG posts RevPAR, portfolio gains for full-year 2023
Hotel conversions, making up a significant portion of the company’s openings and signings in the year, will continue to drive portfolio growth alongside luxury and lifestyle deals.
By Jenna Graber • Feb. 20, 2024 -
Courtesy of Choice Hotels
Choice Hotels posts record performance amid pursuit to acquire Wyndham
Choice President and CEO Patrick Pacious said full-year revenue and portfolio growth support the company's plans to buy Wyndham.
By Jenna Graber • Feb. 20, 2024 -
Caiaimage/Martin Barraud via Getty Images
Wyndham posts record growth despite ‘distraction’ from Choice bid
Wyndham saw record organic rooms growth and pipeline expansion in the fourth quarter following Choice Hotels’ “unsolicited” public acquisition offer in October.
By Jenna Graber • Feb. 15, 2024 -
Robert Mora via Getty Images
Las Vegas’ ‘strength and resiliency’ drive Q4 growth for MGM Resorts
Following a cybersecurity issue and looming worker strikes that impacted the company in Q3, MGM posted strong performance growth to close 2023.
By Jenna Graber • Feb. 14, 2024 -
Brandon Bell via Getty Images
Marriott CEO touts new midscale brand amid segment push
After entering the midscale segment in the U.S. and Canada in 2023, the hotel company plans to continue growth in the space with groundbreakings on StudioRes and a looming brand launch.
By Jenna Graber • Feb. 13, 2024 -
Dave Kotinsky via Getty Images
Expedia Group names Ariane Gorin CEO
Current CEO Peter Kern will step down at the end of his contract in May.
By Noelle Mateer • Feb. 9, 2024 -
Ethan Miller via Getty Images
F1 ‘a contributor’ to Wynn Resorts’ record Las Vegas performance in Q4
The company posted record performance results in the city due to a robust events calendar, and CEO Craig Billings anticipates further growth from Super Bowl LVIII.
By Jenna Graber • Feb. 8, 2024 -
f11photo via Getty Images
Record ADR predicted for Las Vegas hotels over Super Bowl LVIII weekend
Hotel performance in the city from Friday through Sunday will significantly outpace last year’s gameday weekend in Phoenix, STR forecasts.
By Jenna Graber • Feb. 8, 2024 -
Courtesy of Hilton
Hilton to boost luxury network with Small Luxury Hotels of the World
Hilton announced the partnership as part of its earnings for the fourth quarter of 2023, which also saw a company record for room openings.
By Noelle Mateer • Feb. 7, 2024 -
Permission granted by Hannah Corcoran, Representative for Graduate Hotels
Why Hilton might consider acquiring Graduate Hotels
Hospitality industry experts say brand acquisitions are an increasingly popular way for hotel companies to gain scale and boost customer loyalty.
By Noelle Mateer • Feb. 7, 2024 -
Caiaimage/Martin Barraud via Getty Images
Aimbridge Hospitality restructures to streamline US operations
The hotel management company will create a dedicated owner relations team and two focused operating divisions led by company executives.
By Jenna Graber • Feb. 7, 2024 -
Permission granted by Hannah Corcoran, Representative for Graduate Hotels
Hilton considering purchase of Graduate Hotels brand: Bloomberg
Sources told Bloomberg the potential deal would not involve Hilton taking on Graduate Hotels’ real estate, which currently spans 37 properties in the U.S. and U.K.
By Noelle Mateer • Feb. 6, 2024 -
Courtesy of Auberge Resorts Collection
Auberge Resorts Collection gets ‘significant capital’ investment to fuel global expansion
Merchant bank BDT & MSD's minority stake will further grow the luxury brand portfolio in “gateway urban markets and high-profile experiential destinations.”
By Jenna Graber • Feb. 5, 2024 -
Kristoffer Tripplaar/Sipa/AP
Deep DiveChoice Hotels-Wyndham merger: Everything we know so far
Sources familiar with the matter likened the initial negotiations to being held at gunpoint. Experts say pressure from online travel agencies and a desire for scale may be behind Choice’s moves.
By Jenna Graber • Jan. 31, 2024 -
Lucas Ninno Creative via Getty Images
Urban markets, sustainable tourism to drive global hotel investment in 2024: JLL
Global hotel investment will accelerate this year, exceeding 2023’s volume by from 15% to 25%.
By Noelle Mateer • Jan. 29, 2024 -
Courtesy of Choice Hotels
Choice Hotels names Wyndham board nominees in ‘brazen’ move
Choice claims the elected board members would “act in shareholders’ best interests.” But Wyndham slammed the move as “dubious,” again pleading to shareholders to not tender their shares.
By Jenna Graber • Jan. 22, 2024 -
Courtesy of IHG Hotels & Resorts
IHG taps Leanne Harwood to lead Americas luxury and lifestyle portfolio
The hospitality industry veteran is tasked with driving performance and operations as IHG continues to grow its six luxury and lifestyle brands.
By Noelle Mateer • Jan. 18, 2024
Previous
