Corporate/Finance: Page 6
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Q&A
Chip Rogers talks AHLA tenure, resignation and future of hospitality
The former American Hotel & Lodging Association president and CEO shared why he left the organization earlier this month, the industry issues facing his successor and advice for emerging talent.
By Jenna Walters • March 19, 2024 -
Hospitality experts weigh in on failed Choice Hotels-Wyndham merger
After Choice received insufficient support for its exchange offer, hotel industry pros say the decision to walk away from the proposed acquisition may have been its best bet.
By Jenna Walters • March 12, 2024 -
Choice Hotels ends pursuit to acquire Wyndham
The hotel company will not extend its exchange offer and is withdrawing its slate of director nominees vying for Wyndham board seats to focus on its standalone strategy.
By Jenna Walters • March 11, 2024 -
Choice Hotels urges Wyndham stockholders to tender shares
As Choice’s March 8 exchange offer deadline approaches, the hotel company reiterated that its acquisition offer provides value far exceeding what Wyndham can achieve alone.
By Jenna Walters • March 6, 2024 -
AHLA President and CEO William ‘Chip’ Rogers resigns
Kevin Carey will take over as interim president and CEO while continuing in his role as senior executive vice president and COO.
By Jenna Walters • Updated March 6, 2024 -
Loews Minneapolis Hotel rebranded to Hilton following sale
New owner and management company Marcus Hotels & Resorts will immediately convert the property to The Lofton Hotel under lifestyle brand Tapestry Collection by Hilton.
By Jenna Walters • March 4, 2024 -
Rio Hotel & Casino Las Vegas to join Hyatt brand after $340M renovation
The Destination by Hyatt property will help the hotel company grow its footprint in the “leading leisure and convention travel market,” keeping up with peers like Marriott International.
By Jenna Walters • March 4, 2024 -
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 Walters • Feb. 28, 2024 -
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 -
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 Walters • Feb. 26, 2024 -
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 -
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 -
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 Walters • Feb. 23, 2024 -
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 Walters • Feb. 21, 2024 -
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 -
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 Walters • Feb. 20, 2024 -
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 Walters • Feb. 20, 2024 -
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 Walters • Feb. 15, 2024 -
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 Walters • Feb. 14, 2024 -
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 Walters • Feb. 13, 2024 -
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 -
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 Walters • Feb. 8, 2024 -
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 Walters • Feb. 8, 2024 -
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 -
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