Corporate/Finance: Page 3
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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 -
Wyndham’s pipeline hits record high in Q2, ‘lots of deals’ on horizon
CEO Geoff Ballotti said hotel owners are “more receptive” to deals, including for the company’s Echo Suites extended stay brand, after Choice ended its acquisition pursuit.
By Jenna Walters • July 25, 2024 -
JRK Property Holdings acquires La Jolla Hilton for $165M
California’s Hilton La Jolla Torrey Pines benefits from strong leisure demand and a growing life sciences sector, per JRK’s head of hotel investment.
By Jenna Walters • July 22, 2024 -
Hyatt reportedly in talks to acquire Standard International
Hyatt is pursuing the global boutique operator for a deal that could boost its global footprint and loyalty program, according to Bloomberg.
By Jenna Walters • July 18, 2024 -
Host Hotels & Resorts acquires 1 Hotel Central Park from Starwood
A Starwood spokesperson said the Manhattan asset traded for $265 million, a hotel deal that follows others between the buyer and seller in Nashville and Miami Beach, Florida.
By Jenna Walters • July 18, 2024 -
Deep Dive // Hot Markets
Market Spotlight: Phoenix
Sports tourism and a flourishing manufacturing sector are driving hotel performance gains as well as investor and developer activity in the metro area.
By Jenna Walters • July 16, 2024 -
Bally’s changes hotel plans at 30-acre Chicago casino project
The 500-key tower will move to the southern end of the development and be completed in a single phase.
By Jenna Walters • July 15, 2024 -
Downtown San Francisco hotels’ value drops by $1B: Trepp
In the latest blow to the city’s hotel market, Moody’s Ratings downgraded bond classes for the properties that Park Hotels & Resorts ceased payments on last year.
By Noelle Mateer • July 3, 2024