Corporate/Finance: Page 6


  • AHLA president and CEO Chip Rogers
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    Courtesy of AHLA
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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 March 19, 2024
  • Mergers and acquisitions
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    PeopleImages via Getty Images
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    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 March 12, 2024
  • Exterior of Choice Hotels International, Rockville Corporate Headquarters
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    Courtesy of Choice Hotels
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    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 March 11, 2024
  • An image of Choice Hotels International's Phoenix Corporate Headquarters
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    Permission granted by Choice Hotels Internatinal
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    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 March 6, 2024
  • A group of people shaking hands
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    Caiaimage/Martin Barraud via Getty Images
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    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 Updated March 6, 2024
  • An exterior image of the Loews Minneapolis Hotel, which will be rebranded to Hilton.
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    Courtesy of Marcus Hotels & Resorts
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    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 March 4, 2024
  • The interior of a hotel room at Rio Hotel & Casino Las Vegas.
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    Courtesy of Hyatt
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    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 March 4, 2024
  • Sen. Elizabeth Warren (D-MA) speaks during a Senate Banking, Housing, and Urban Affairs committee hearing on January 11, 2024 in Washington, DC.
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    Kent Nishimura via Getty Images
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    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 Feb. 28, 2024
  • A headshot of Craig Smith.
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    Courtesy of Aimbridge Hospitality
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    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 Feb. 28, 2024
  • An image of a hotel front desk with staff blurred in background
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    davit85 via Getty Images
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    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 Feb. 26, 2024
  • An exterior shot of the Raffles Boston.
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    Courtesy of Raffles Boston
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    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 Feb. 26, 2024
  • Exterior of MGM Grand Hotel & Casino in Las Vegas
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    Ethan Miller via Getty Images
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    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
  • Stock image of hotel room
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    onurdongel via Getty Images
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    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 Feb. 23, 2024
  • An exterior image of a hotel
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    Robert Mora via Getty Images
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    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 Feb. 21, 2024
  • The outside of a Grand Hyatt hotel.
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    Spencer Platt via Getty Images
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    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 Feb. 21, 2024
  • The outside of the Garner Auburn – Seattle on a sunny day.
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    Courtesy of IHG Hotels & Resorts
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    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 Feb. 20, 2024
  • Exterior of Choice Hotels International, Rockville Corporate Headquarters
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    Courtesy of Choice Hotels
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    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 Feb. 20, 2024
  • A group of people shaking hands
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    Caiaimage/Martin Barraud via Getty Images
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    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 Feb. 15, 2024
  • An exterior image of a the Bellagio hotel in Las Vegas
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    Robert Mora via Getty Images
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    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 Feb. 14, 2024
  • Exterior of building with Marriott logo
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    Brandon Bell via Getty Images
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    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 Feb. 13, 2024
  • Six people pose for a photo at an event.
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    Dave Kotinsky via Getty Images
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    Expedia Group names Ariane Gorin CEO

    Current CEO Peter Kern will step down at the end of his contract in May.

    By Feb. 9, 2024
  • An exterior image of a hotel
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    Ethan Miller via Getty Images
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    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 Feb. 8, 2024
  • Las Vegas Skyline
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    f11photo via Getty Images
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    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 Feb. 8, 2024
  • Two shares on a terrace overlooking a snow-covered mountain.
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    Courtesy of Hilton
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    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 Feb. 7, 2024
  • A rendering of a new Graduate Hotels property
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    Permission granted by Hannah Corcoran, Representative for Graduate Hotels
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    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 Feb. 7, 2024