Corporate/Finance: Page 9
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Courtesy of Hilton
Record pipeline, group travel drive Hilton growth in Q1
The company made several moves to further bolster its pipeline in the quarter, particularly through acquisitions and partnerships in the growing lifestyle segment.
By Noelle Mateer • April 24, 2024 -
Courtesy of Red Roof
Red Roof names Zack Gharib president
Gharib replaces George Limbert, who stepped down last year, and is tasked with leading the company’s strategic portfolio growth.
By Jenna Graber • April 23, 2024 -
Retrieved from Concord Hospitality on April 23, 2024
Concord Hospitality appoints Will Loughran chief operating officer
The 30-year industry veteran will take over for Nick Kellock, who is retiring next month.
By Jenna Graber • April 23, 2024 -
ST-art via Getty Images
Median sale price of large US hotels declined in Q1: Cornell
Despite the dip, real estate researchers expect to see a rise in the price of large hotels in the second quarter of 2024.
By Michele Laufik • April 22, 2024 -
Sam Edwards via Getty Images
Ashford Hospitality’s Stephen Zsigray to take over as CEO
The company veteran will assume the top job July 1 after Rob Hays steps down.
By Jenna Graber • April 19, 2024 -
Caiaimage/Martin Barraud via Getty Images
DiamondRock names Jeffrey Donnelly CEO in C-suite reorg
The company veteran succeeds Mark Brugger, who departs the real estate investment trust after a 20-year tenure, as the company adopts a “simplified” organizational structure.
By Jenna Graber • April 15, 2024 -
benedek via Getty Images
Certares acquires Hilton Boston Back Bay hotel for $171M
The global investment firm said the property’s location “within one of the top submarkets in the country” made it an attractive investment.
By Jenna Graber • April 11, 2024 -
Courtesy of Choice Hotels International
Choice Hotels names Judd Wadholm SVP, general manager of core brands
With the appointment, Choice says it's as “committed as ever” to its lower-tier brands like Comfort and Sleep Inn, despite a recent push in upscale.
By Jenna Graber • April 10, 2024 -
Courtesy of Wyndham Hotels & Resorts
Wyndham appoints CIO Scott Strickland as chief commercial officer
Heading a newly created commercial organization, the company veteran will focus on Wyndham’s technology strategy and oversee global sales, revenue generation, marketing and loyalty.
By Jenna Graber • April 9, 2024 -
Courtesy of Loews
Loews names Dan Flannery chief operating officer
Before joining the New York-based hotel owner and operator, Flannery launched the luxury lifestyle brand Edition alongside hotelier Ian Schrager.
By Noelle Mateer • April 9, 2024 -
davit85 via Getty Images
What the Tax Relief for American Families and Workers Act means for hotels
The legislation pending Senate approval could incentivize investment in hotel renovations and property upgrades, according to a Cornell University study.
By Jenna Graber • April 5, 2024 -
Tippapatt via Getty Images
KSL Resorts appoints Greg Kennealey to CEO
The industry veteran succeeds co-founder Scott Dalecio, who is stepping down after 20 years at the helm of the full-service hospitality company.
By Jenna Graber • April 5, 2024 -
Retrieved from Bluegreen Vacations on November 07, 2023
Hilton Grand Vacations promotes CFO to president
With his new role, Dan Mathewes will continue to act as CFO, while a former Bluegreen Vacations exec will take over sales and marketing.
By Noelle Mateer • April 1, 2024 -
Courtesy of Hospitality America
Hospitality America names Ben Campbell president and CEO
The company veteran replaces founder Chris Cargen, who held the top spot for 30 years.
By Jenna Graber • March 29, 2024 -
Retrieved from Marriott International on March 28, 2024
Apple Hospitality acquires DC convention hotel for $117M
With the AC Hotel by Marriott, the investment trust expands its upscale portfolio to a market with “a wide variety of demand generators” appealing to business, group and leisure travelers.
By Jenna Graber • March 28, 2024 -
Sam Santos via Getty Images
Four Seasons taps former MGM CTO as tech chief
Sudhakar Veluru, who joined the hotel chain Monday, has nearly two decades of hospitality and tech experience.
By Lindsey Wilkinson • March 27, 2024 -
Courtesy of Choice Hotels International
Choice Hotels promotes Sireesha Kunduri to chief of product engineering
In her new role, the company veteran will lead the “software product delivery functions” within Choice’s technology team.
By Jenna Graber • March 26, 2024 -
simon2579 via Getty Images
US hotel RevPAR will grow 3% in 2024: CBRE
The recovery of international travel, plus heightened group and meetings business, will fuel U.S. hotel performance, particularly in urban markets.
By Noelle Mateer • March 25, 2024 -
Courtesy of AHLA
Q&AChip 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 Graber • March 19, 2024 -
PeopleImages via Getty Images
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 Graber • March 12, 2024 -
Courtesy of Choice Hotels
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 Graber • March 11, 2024 -
Permission granted by Choice Hotels Internatinal
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 Graber • March 6, 2024 -
Caiaimage/Martin Barraud via Getty Images
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 Graber • Updated March 6, 2024 -
Courtesy of Marcus Hotels & Resorts
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 Graber • March 4, 2024 -
Courtesy of Hyatt
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 Graber • March 4, 2024
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