Corporate/Finance: Page 2

  • An aerial view of New York City.
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    Drew Angerer via Getty Images
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    Walker & Dunlop expands real estate services to hospitality market

    The multifamily investment sales and financing leader enters hospitality as the sector shows resilience post-pandemic, particularly in urban areas.

    By • Oct. 18, 2024
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    Ziga Plahutar via Getty Images
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    Sonesta to add 114 hotels to franchise portfolio

    The hotels will convert from existing long-term management agreements to long-term franchise agreements after owner Service Properties Trust sells them in 2025 to repay debt.

    By • Oct. 18, 2024
  • Hospitality data and connectivity solutions provider Hapi has tapped former Knowland CEO Jeff Bzdawka as president.
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    Courtesy of Hapi
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    Former Knowland CEO Jeff Bzdawka joins Hapi as president

    The 30-year industry veteran takes the hospitality data leadership role following Knowland’s acquisition by Cendyn earlier this month.

    By • Oct. 17, 2024
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    Sean Davis via Getty Images
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    Hotel deals led Peachtree Group’s $1B loan originations year to date

    The firm’s hotel credit transactions are up 176% year over year, signaling an easing in the lending market that could spur investment and development activity for the sector.

    By • Oct. 16, 2024
  • Hospitality industry leaders gave their industry outlooks and perspectives at The Lodging Conference at the JW Marriott Phoenix Desert Ridge Resort & Spa on Wednesday, Oct. 9, 2024
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    Jenna Walters/Hotel Dive
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    View from the top: Hospitality CEOs give their industry outlooks

    Hospitality industry leaders from AAHOA, Extended Stay America, Peachtree Group and JLL are optimistic, despite possible regulatory hurdles.

    By • Oct. 9, 2024
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    Somkid Thongdee via Getty Images
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    Top hospitality executive appointments of Q3 2024

    C-suite and executive appointees will set hospitality companies’ strategies for hotel marketing, development, investment, sales, technology and more.

    By • Oct. 7, 2024
  • BWH Hotels appointed Bill Ryan as senior vice president and chief technology officer.
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    Courtesy of BWH Hotels
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    BWH Hotels names former retail industry exec chief technology officer

    Reporting to CEO Larry Cuculic, Bill Ryan will oversee the hospitality company’s technology management team, guiding its digital strategy and transformation.

    By • Oct. 2, 2024
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    andreswd via Getty Images
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    Top hospitality conferences to attend in 2025

    Learn more about the future of the hospitality industry — from hotel marketing strategies to construction financing to staffing solutions — at these can't-miss events for hotel leaders.

    By • Oct. 1, 2024
  • Two hikers walk along a trail.
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    AscentXmedia via Getty Images
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    Western US mountain properties see stronger fall and winter bookings: DestiMetrics

    Properties across Colorado, Utah, California, Nevada, Wyoming, Montana and Idaho reported a stable summer, a trend expected to lead into a prosperous end of year.

    By Michele Laufik • Sept. 26, 2024
  • A Motel 6 sign is seen outside of a hotel building.
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    Joe Raedle via Getty Images
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    What’s next for OYO and G6 Hospitality?

    The Indian hospitality company bet big on U.S. budget hotels with its $525 million Motel 6 buy. Experts say it could be a new chapter for the tech provider.

    By • Sept. 25, 2024
  • A skyline of New York City
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    TomasSereda via Getty Images
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    Rate cut to trigger slow rise in real estate investment ‘tide’

    Richard Barkham, CBRE’s global chief economist, is expecting “a meaningful uptick” in commercial real estate deals rather than an “explosion.”

    By Maura Webber Sadovi • Sept. 23, 2024
  • A Motel 6 sign is seen outside of a hotel building.
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    Joe Raedle via Getty Images
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    OYO to purchase Motel 6 brand for $525M

    The India-based hospitality tech company expands its U.S. presence by acquiring G6 Hospitality from Blackstone.

    By • Sept. 23, 2024
  • A headshot of Dan Peek.
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    Courtesy of JLL
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    JLL Americas Hotels & Hospitality Group names Dan Peek president

    Peek, who joins JLL from Hodges Ward Elliott, will be tasked with leading strategic growth efforts nationwide.

    By • Sept. 18, 2024
  • Gencom acquired the Hyatt-branded Thompson Central Park Hotel in New York City.
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    Courtesy of Gencom
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    Gencom enters NYC with Thompson Central Park Hotel acquisition

    With the reported $300 million buy, the firm strengthens its relationship with Hyatt and positions itself in “one of the world’s top hospitality markets.”

    By • Sept. 18, 2024
  • A headshot of Annette Bales.
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    Courtesy of Omni Hotels & Resorts
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    Omni Hotels & Resorts names sales leader

    Thirty-year hospitality industry veteran Annette Bales will assume the role of vice president of sales.

    By • Sept. 17, 2024
  • Hill with cactuses on the foreground, and cityscape in the background
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    Gregory Clifford via Getty Images
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    LivAway Suites developer opens office in ‘growth’ market Phoenix

    West77 Partners has several extended stay hotels underway in the metro area and is plotting up to 12 more as part of a rapid nationwide brand expansion.

    By • Sept. 11, 2024
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    Courtesy of Accor
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    Accor taps leaders for premium, midscale and economy brands

    The move is intended to “fortify brand leadership” as the France-based company expands globally, particularly in the premium segment.

    By • Sept. 9, 2024
  • A headshot of Leanne Harwood.
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    Courtesy of IHG Hotels & Resorts
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    Q&A

    IHG luxury and lifestyle leader talks segment competition, Americas strategy

    Hospitality industry veteran Leanne Harwood spoke with Hotel Dive about changing traveler profiles and the importance of loyalty.

    By • Sept. 4, 2024
  • The exterior of the Hyatt Regency Orlando.
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    Courtesy of JLL
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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 • Aug. 29, 2024
  • A skyline of New York City
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    TomasSereda via Getty Images
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    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 • Aug. 28, 2024
  • The exterior of Nasdaq headquarters.
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    Michael M. Santiago via Getty Images
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    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 • Aug. 28, 2024
  • Crescent Hotels & Resorts appointed Vanessa Claspill as chief commercial officer.
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    Courtesy of Crescent Hotels & Resorts
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    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 • Aug. 27, 2024
  • Hyatt will acquire Standard International and its affiliated brands, assuming a hotel portfolio including The Standard, High Line in New York City.
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    Jason Kempin via Getty Images
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    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 • Aug. 22, 2024
  • The Standard Hotel in New York City glass door logo.
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    Neilson Barnard via Getty Images
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    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 • Updated Oct. 2, 2024
  • The exterior of the Hyatt Regency Orlando.
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    Courtesy of JLL
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    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 • Aug. 20, 2024