Corporate/Finance: Page 2
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Volume of $200M-plus hotel transactions at highest level in 8 years: JLL
Investor appetite for high-quality, large transactions — particularly for luxury hotels in urban markets — is on the rise, and momentum is forecasted to continue.
By Jenna Walters • Aug. 29, 2024 -
Manhattan lodging market sees Q2 RevPAR growth, but challenges loom
Despite recent “robust” performance growth in the city, a proposed licensing bill could threaten hotel operations, industry associations argue.
By Jenna Walters • Aug. 28, 2024 -
Nasdaq issues warning to LuxUrban Hotels
Following Nasdaq’s notice, the beleaguered hotel company has 60 days to submit a plan to regain listing compliance.
By Noelle Mateer • Aug. 28, 2024 -
Crescent appoints Vanessa Claspill as chief commercial officer
The 20-year industry veteran succeeds Dawn Gallagher, who was recently promoted to Crescent’s president of hospitality.
By Jenna Walters • Aug. 27, 2024 -
Deep Dive
‘Lifestyle wars’ ramp up as hotel brands compete in crowded segment
With its acquisition of Standard International, Hyatt continues to grow its lifestyle portfolio, but the company will have to fight competitors for resources in the saturated space.
By Jenna Walters • Aug. 22, 2024 -
Hyatt completes acquisition of Standard International
Hyatt assumes Standard International’s lifestyle portfolio of 22 open hotels, including The Standard, High Line in New York City, as well as more than 30 pipeline projects.
By Jenna Walters • Updated Oct. 2, 2024 -
Hyatt Regency Orlando sells for $1B
The sale of the 1,641-room property — the largest single-asset sale in Hyatt’s history — is part of the company’s mission to offload real estate and “go asset-lighter.”
By Noelle Mateer • Aug. 20, 2024 -
How a Marriott, Sonder tie-up could create value for both accommodations providers
Marriott expects increased net rooms growth and market reach from the newly inked strategic licensing agreement, while Sonder banks on value creation for stakeholders.
By Jenna Walters • Aug. 20, 2024 -
Marriott to add Sonder rooms to system through strategic licensing agreement
The partnership comes as Sonder fights legal battles with disgruntled investors and undergoes a portfolio optimization program to “mitigate losses.”
By Jenna Walters • Aug. 19, 2024 -
CBRE reduces 2024 RevPAR forecast, notes challenges ahead for hotels
Election-related events and international travel will buoy near-term RevPAR growth, but economic headwinds could pose risks for U.S. hotels.
By Jenna Walters • Aug. 19, 2024 -
Auberge Resorts Collection taps former Four Seasons exec as CEO
Christian Clerc will take over for retiring CEO Craig Reid as the luxury hotel brand plots portfolio expansion across gateway urban markets and experiential destinations.
By Jenna Walters • Aug. 15, 2024 -
Top trends driving US hotel investment in 2024
Supply growth, travel demand and changes to the lending environment will guide hotel performance and investor appetite this year, according to a report from JLL.
By Jenna Walters • Aug. 13, 2024 -
Upper-tier hotel segments to see highest RevPAR growth in 2024-25: report
STR and Tourism Economics maintain their hotel performance growth outlooks for each year and say changing traveler behavior will benefit higher tiers.
By Jenna Walters • Aug. 12, 2024 -
Hospitality trends that drove RevPAR gains, pipeline growth in Q2
Heightened group travel boosted revenues for several hotel companies, while conversions and extended stay remained top of mind for developers.
By Jenna Walters • Aug. 9, 2024 -
Conversions, extended stay boost Choice Hotels pipeline
In the second quarter of 2024, the hotel company’s global pipeline increased 22% year over year, including a 65% increase in conversion rooms.
By Jenna Walters • Aug. 8, 2024 -
Group travel growth buoys Hilton’s Q2
Meanwhile, its system surpassed 8,000 hotels in July, CEO Chris Nassetta shared — also claiming that Hilton has more rooms under construction than any other hotel company.
By Noelle Mateer • Aug. 7, 2024 -
‘Healthy’ Vegas group demand drives strong Q2 for Wynn Resorts
The operator’s Las Vegas flagship resort is on track to have “the best year ever” for group and convention performance.
By Jenna Walters • Aug. 7, 2024 -
Hyatt posts RevPAR, net rooms growth in Q2
In the quarter, the company added rooms from its Mr & Mrs Smith acquisition, and another boutique hotel brand deal may be on the horizon.
By Jenna Walters • Aug. 6, 2024 -
IHG touts conversion strength, US rebound in Q2
U.S. RevPAR recovered after a Q1 slump, and the company’s conversion-focused Garner brand has signed more than 80 hotels since being made available to franchisees last year.
By Noelle Mateer • Aug. 6, 2024 -
Q&A
My Place Hotels CEO talks evolution of extended stay, breaking the mold
With a long family history in hospitality, Ryan Rivett shares his outlook on the “desirable” extended stay segment and his strategy for My Place as it celebrates 10 years of franchising.
By Jenna Walters • Aug. 5, 2024 -
Luxury, group travel in Las Vegas drove Q2 gains for MGM
The resort operator said room rates on the books in Sin City are higher for the third quarter as well, but Formula 1 in Q4 is “off to a soft start.”
By Jenna Walters • Aug. 1, 2024 -
Group travel, hotel conversions bright spots for Marriott in Q2
The hotel company saw increased RevPAR as well as portfolio growth in the second quarter of 2024, with both corporate traveler and developer momentum remaining strong.
By Jenna Walters • July 31, 2024 -
Vegas brings Q2 growth for Caesars, despite ‘terrible’ April start
The company’s CEO said the first month of the quarter was rough for its regional segment, but heightened ADRs in Las Vegas show promise for a “strong” second half.
By Jenna Walters • July 31, 2024 -
Q&A
Accor exec talks new council ‘shaping the future of corporate travel’
Chief Sales Officer Sophie Hulgard discusses the priorities of Accor’s newly formed Global Leadership Council, including traveler well-being, sustainability and cost optimization.
By Noelle Mateer • July 30, 2024 -
Key advantages and challenges of hotel brand acquisition
As rumors fly that Hyatt is pursuing Standard International, hospitality pros share how the boutique hotel deal could benefit Hyatt, but also pose obstacles.
By Jenna Walters • July 29, 2024