Corporate/Finance: Page 2

  • Choice Hotels adds Westgate Resorts' Westgate Park City Resort & Spa in Park City, Utah, through a new strategic partnership.
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    Courtesy of Choice Hotels International
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    Westgate Resorts buys VOS amid efforts to dominate vacation ownership space

    With the acquisition, following its recent partnership with Choice Hotels, Westgate expands its portfolio of resort destinations from 22 to more than 60.

    By Michele Laufik • Feb. 28, 2025
  • Bill Hornbuckle is the CEO of MGM Resorts International.
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    Gabe Ginsberg via Getty Images
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    US Travel Association names MGM Resorts CEO national chair

    Bill Hornbuckle succeeds Hilton CEO Chris Nassetta in the role, taking over amid promising U.S. travel fundamentals. 

    By • Feb. 27, 2025
  • Travelers check into a hotel.
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    Anchiy via Getty Images
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    RevPAR gains, pipeline growth and other trends from hotel Q4 earnings

    Hilton and Marriott posted global RevPAR increases in the last quarter of 2024 amid strong travel demand, while Choice saw extended stay and upscale rooms growth.

    By • Feb. 27, 2025
  • An exterior image of a hotel
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    Robert Mora via Getty Images
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    Caesars openings nationwide offset Las Vegas declines in Q4

    CEO Tom Reeg said competitive pressures in Vegas were partially balanced out by the openings of Caesars New Orleans and Caesars Virginia.

    By • Feb. 26, 2025
  • A Westin hotel logo on the outside of the building.
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    Scott Olson via Getty Images
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    DiamondRock Hospitality sells Washington, DC, Westin for $92M

    Kentucky-based Columbia Sussex reportedly acquired the property, as more hotel investors turn to mid-sized deals in urban markets in 2025.

    By • Feb. 21, 2025
  • Wyndham Hotels & Resorts opened its second Echo Suites extended stay hotel in Plano, Texas.
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    Courtesy of Wyndham Hotels & Resorts
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    Select-service, extended stay hotels poised for investment wins

    The sector will see continued growth and increased investment activity in 2025 driven by strong demand and favorable lending trends, according to JLL.

    By • Feb. 21, 2025
  • The exterior of Resorts World Las Vegas along the Las Vegas Strip.
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    Courtesy of Resorts World Las Vegas
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    Resorts World Las Vegas names COO, CFO

    Carlos Castro will lead the Strip resort’s financial strategy, operations and long-term growth following recent regulatory and financial woes.

    By • Feb. 21, 2025
  • Choice Hotels International headquarters at the Pike & Rose development in North Bethesda, Maryland.
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    Courtesy of Choice Hotels International
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    Extended stay, upscale boost Choice Hotels portfolio growth

    Choice’s global system size grew 3.3% year over year in 2024, bolstered by brand relaunches and expanded partnerships, per CEO Patrick Pacious.

    By • Feb. 20, 2025
  • A person pushing a cart with cleaning supplies down a hall
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    freemixer via Getty Images
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    US hotel profits grew in 2024, despite rising labor costs

    Top U.S. markets saw increased gross operating profits per available room last year, though higher operating expenses limited growth, per CoStar.

    By • Feb. 19, 2025
  • The exterior of a Ruby hotel.
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    Courtesy of IHG Hotels & Resorts
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    IHG acquires European lifestyle brand Ruby, targets global growth

    The hotel company also posted accelerated RevPAR growth in the U.S. and globally in the fourth quarter of 2024.

    By • Feb. 18, 2025
  • An exterior image of a hotel
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    Ethan Miller via Getty Images
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    Wynn bullish on Las Vegas as demand remains ‘healthy’

    CEO Craig Billings shared that group and convention room nights on the books for 2025 have strong ADRs amid “robust” demand in Sin City.

    By • Feb. 18, 2025
  • Hyatt Hotels opened Grand Hyatt Deer Valley in Park City, Utah.
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    Courtesy of Hyatt
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    Hyatt’s 2024 net rooms, pipeline growth bolstered by acquisitions

    The hotel company expanded its systemwide rooms by 7.8% year over year in 2024, thanks in part to its purchase of lifestyle operator Standard International.

    By • Feb. 13, 2025
  • Las Vegas Skyline
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    f11photo via Getty Images
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    MGM down in Las Vegas in Q4, but convention bookings show promise

    CEO Bill Hornbuckle is encouraged by the pacing of future bookings amid strong group demand in Sin City.

    By • Feb. 13, 2025
  • The glass exterior of the Anaheim Convention Center features blue signage denoting Wyndham's 2023 Global Conference.
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    Courtesy of Wyndham Hotels & Resorts
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    Wyndham targets growth near data centers, infrastructure projects

    Though full-year U.S. RevPAR was flat, the company opened a record number of rooms, which it expects to fuel future growth.

    By • Feb. 13, 2025
  • Exterior of building with Marriott logo
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    Brandon Bell via Getty Images
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    Marriott posts RevPAR, rooms growth amid strong travel demand

    CEO Anthony Capuano said he is “incredibly optimistic” about the future, as Marriott gears up for continued travel momentum and anticipated pipeline generation.

    By • Feb. 11, 2025
  • Mint House acquired Locale, assuming its portfolio of apartment-style hospitality properties.
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    Courtesy of Mint House
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    Mint House acquires Locale, fortifying alternative accommodations portfolio

    Mint House will assume Locale’s 12 apartment-style hospitality properties amid increasing traveler demand for upscale extended stay offerings.

    By • Feb. 11, 2025
  • The logo of a Marriott hotel
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    Brandon Bell/Getty Images via Getty Images
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    Marriott makes executive leadership changes following restructuring

    The hotel company tapped a new chief commercial officer and filled other leadership roles several weeks after layoffs from a reorganization took effect.

    By • Feb. 6, 2025
  • The exterior of a Hilton hotel.
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    Yujie Chen via Getty Images
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    Hilton ‘optimistic’ following strong Q4, full-year 2024 performance

    “Better-than-expected” leisure travel and continued recovery in business and group segments led to higher RevPAR growth and raised 2025 guidance.

    By • Feb. 6, 2025
  • An exterior shot of the Raffles Boston.
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    Courtesy of Raffles Boston
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    Accor names chief brand officer for Fairmont, Raffles

    Claudia Kozma Kaplan will lead the brands as Accor pushes luxury expansion in the U.S.

    By • Feb. 5, 2025
  • An aerial view of New York City.
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    Drew Angerer via Getty Images
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    Urban markets lead as hotel investment ramps up in 2025

    Some 94% of investors surveyed in a new CBRE report expect to maintain or increase their hotel investments this year, targeting central business districts with strong RevPAR growth.

    By • Feb. 3, 2025
  • A blue bed in a hotel room.
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    Courtesy of SH Hotels & Resorts
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    Hotel industry forecast 2025: development, labor, F&B and more

    Leaders in the hospitality industry shared with Hotel Dive what trends will impact hotels this year, discussing changes in everything from the regulatory environment to traveler preferences.

    By , • Jan. 31, 2025
  • Donald Trump sits at his desk in the Oval Office with his hands clasped.
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    Chip Somodevilla via Getty Images
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    CoStar, TE maintain 2025 US hotel growth projections — but note Trump risks

    Current economic conditions are favorable for travel activity, but the new Trump administration could present challenges.

    By • Jan. 31, 2025
  • Coury Holdings added AC Hotel Sunnyvale in Sunnyvale, California, to its portfolio.
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    Courtesy of Coury Holdings
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    Coury Holdings expands hotel management portfolio, appoints COO

    The company added nine California hotels to its management portfolio, which new chief operating officer Bo Patel will lead. 

    By • Jan. 29, 2025
  • The skyline of Manhattan's Chelsea neighborhood at sunset.
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    chrisp0 via Getty Images
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    Blackstone buys NYC Kimpton hotel for $175M

    The private equity firm adds the Kimpton Hotel Eventi as high demand for hotel rooms in New York persists amid limited supply growth.

    By • Jan. 28, 2025
  • The Black Desert Resort behind a lake in the foreground and mountains in the background.
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    Retrieved from Black Desert Resort on January 09, 2025
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    Deep Dive

    C-PACE financing can make energy efficiency upgrades more affordable – if it’s available

    Interest rates as low as 7% make C-PACE attractive for building improvement projects, some experts say. But conditions for accessing it vary widely by state.

    By Nish Amarnath • Jan. 27, 2025