Choice-Wyndham merger could have ‘frightening’ consequences: AAHOA president

Hotel franchisees fear they could lose their competitive edge in the economy segment if the deal is made, according to AAHOA President and CEO Laura Lee Blake.

By Jenna Graber • Oct. 25, 2023

Lender to take control of NYC Margaritaville hotel

Philadelphia-based Arden Group will acquire an equity stake in Margaritaville Times Square Resort following developer Soho Properties’ financial troubles, which included two bankruptcy filings.

By Noelle Mateer • Oct. 23, 2023

IHG reports group RevPAR increase in Q3, details luxury lifestyle strategy

The company also noted strength in conversions, with CEO Elie Maalouf adding that he expects IHG’s newly launched midscale brand Garner to “further accelerate” the trend.

By Noelle Mateer • Oct. 23, 2023

Experts weigh in on Choice’s bid to buy Wyndham

Hospitality industry pros speculate on the “hostility” of Choice’s public proposal, whether Wyndham is undervalued and what the merger would mean for hotels worldwide.

By Jenna Graber • Oct. 18, 2023

Choice Hotels offers $7.8B to buy Wyndham

Choice has made its proposal public in response to Wyndham “disengaging” from negotiations. 

By Noelle Mateer • Updated Oct. 17, 2023

Miami luxury lifestyle hotel sells for $53.5M

SLS Brickell garnered significant interest from investors, reflecting a long-term view of the Miami market’s positive growth.

By Jenna Graber • Oct. 16, 2023

Apple Hospitality acquires Marriott, Hyatt hotels in Salt Lake City

The real estate investment trust plans to continue investing in the Utah market, which has seen strong hotel performance growth in the last year driven by international tourism.

By Jenna Graber • Oct. 13, 2023

MGM Resorts’ Las Vegas area operations to take $100M hit from cyberattack

The Bellagio and Mandalay Bay casino operator said hotel occupancies are down and certain customer data up to March 2019 was stolen. 

By David Jones • Oct. 6, 2023

JLL names Patrick Saade head of Global Hotels Desk

Saade, who has 13 years of experience on the company’s Hotels & Hospitality group, will lead the desk that connects investors with hospitality assets for sale.

By Noelle Mateer • Oct. 5, 2023

Women, Black board members underrepresented at hotel companies: report

While representation of women and Black members on hotel industry firms’ boards of directors rose in 2022, the groups remain in the minority in most cases.

By Jenna Graber • Oct. 3, 2023

Marriott unveils strategic growth plans for midscale, luxury brands

The hotel company will add up to 270,000 net rooms to its global portfolio by 2026 as strong travel demand persists.

By Jenna Graber • Sept. 28, 2023

Canyon Ranch names Mark Rivers CEO

The company veteran played an instrumental role in the wellness resort’s recent growth partnership with VICI Properties.

By Noelle Mateer • Sept. 28, 2023

Peachtree hotel investment remains strong post rebrand

Year-to-date, the investment company has acquired five properties and signed three development deals, despite ongoing uncertainty in the market.

By Jenna Graber • Sept. 22, 2023

Hilton names Molson Coors executive EVP and general counsel

Anne Marie D'Angelo will report directly to Hilton President and CEO Christopher Nassetta.

By Noelle Mateer • Sept. 21, 2023

Choice Hotels promotes 4 executives in C-suite refresh

The leadership changes come after Choice acquired Radisson Hotels Americas last year.

By Jenna Graber • Aug. 31, 2023

KSL Capital Partners acquires Hersha Hospitality Trust for $1.4B

The deal strengthens the private equity firm's position in the expanding luxury and lifestyle segment.

By Jenna Graber • Aug. 29, 2023

Gramercy Park Hotel to reopen under MCR

A full renovation will return the luxury Manhattan property, slated to reopen in 2025, to its “original splendor.”

By Jenna Graber • Aug. 28, 2023

Las Vegas’ Bellagio gets $950M investment from Realty Income

The real estate investment trust company acquires a nearly 22% interest from Blackstone in the hotel and resort located on the Strip.

By Jenna Graber • Aug. 25, 2023

Wynn posts Q2 profit bolstered by Vegas luxury consumers

Citywide programming will continue to be a boost to Wynn Las Vegas in the second half of 2023, CEO Craig Billings said in the company’s second-quarter earnings call.

By Noelle Mateer • Aug. 10, 2023

IHG to launch midscale brand

CEO Elie Maalouf announced the plans during the company’s first-half earnings call, which noted a 24% year-on-year RevPAR increase.

By Noelle Mateer • Aug. 8, 2023

Choice Hotels posts record Q2 fueled by Radisson Americas integration, openings pipeline

The company raised its outlook for full-year 2023 adjusted EBITDA, pointing to strong openings activity across all segments.

By Noelle Mateer • Aug. 8, 2023

MGM reports stability in Las Vegas in Q2, anticipates H2 growth

Upcoming entertainment and sporting events are expected to drive performance in the second half of 2023 and beyond.

By Jenna Graber • Aug. 3, 2023

Caesars anticipates strong performance in Las Vegas from Formula 1, Super Bowl

On the heels of second-quarter growth, the company forecasted in a Q2 earnings call increased occupancy rates and revenues in the coming half and beyond.

By Jenna Graber • Aug. 2, 2023

Marriott raises rooms growth and earnings guidance for 2023

Strong global travel trends bolstered the company’s RevPAR and portfolio growth in the second quarter.

By Jenna Graber • Aug. 1, 2023

Certares closes $284M hospitality-focused real estate fund

The firm continues to seek investment opportunities in growth markets with a combination of leisure and corporate demand.

By Noelle Mateer • July 28, 2023