Choice Hotels leadership still ‘confident’ Wyndham deal will go through

Choice CEO Patrick Pacious said the company’s integration of Radisson Americas, including third-quarter synergies from the deal, indicates a Choice-Wyndham merger could be successful.

By Jenna Walters • Nov. 7, 2023

Hilton Grand Vacations acquires Bluegreen Vacations for $1.5B

The deal adds 14 markets and eight states to Hilton Grand Vacations’ portfolio.

By Noelle Mateer • Nov. 7, 2023

Hyatt’s development pipeline hits record levels amid luxury push

Hyatt posted revenue and development growth in the third quarter, driven by “robust demand for travel around the globe,” the company’s CEO said.

By Jenna Walters • Nov. 2, 2023

Marriott pushes midscale expansion, raises RevPAR growth guidance

Robust international travel demand continued to drive revenues and development growth for Marriott in the third quarter, bringing its global pipeline to a record high.

By Jenna Walters • Nov. 2, 2023

Caesars posts record EBITDA, notes strong travel demand in Las Vegas

Despite challenges in the third quarter of this year, Caesars saw performance growth across all operating segments, with Las Vegas benefiting from increased tourism.

By Jenna Walters • Nov. 1, 2023

Wyndham’s petition to shareholders: You’re in the right hands

Wyndham President and CEO Geoff Ballotti reiterated the company’s rejection of Choice’s acquisition bid in its third quarter earnings report, noting Wyndham’s standalone growth prospects offer “superior” returns.

By Jenna Walters • Oct. 26, 2023

Market Spotlight: New York City

The city’s hotel industry is enjoying a post-pandemic recovery driven by high room rates, but construction and financing challenges continue to dog would-be hotel developers.

By Noelle Mateer • Oct. 26, 2023

Hilton’s hotels pipeline is now the largest in its history

The company raised guidance after a strong third quarter, and expansions in the midscale, premium economy and lifestyle segments are expected to fuel future growth.

By Noelle Mateer • Oct. 25, 2023

Choice-Wyndham merger could have ‘frightening’ consequences: AAHOA president

Hotel franchisees fear they could lose their competitive edge in the economy segment if the deal is made, according to AAHOA President and CEO Laura Lee Blake.

By Jenna Walters • Oct. 25, 2023

Lender to take control of NYC Margaritaville hotel

Philadelphia-based Arden Group will acquire an equity stake in Margaritaville Times Square Resort following developer Soho Properties’ financial troubles, which included two bankruptcy filings.

By Noelle Mateer • Oct. 23, 2023

IHG reports group RevPAR increase in Q3, details luxury lifestyle strategy

The company also noted strength in conversions, with CEO Elie Maalouf adding that he expects IHG’s newly launched midscale brand Garner to “further accelerate” the trend.

By Noelle Mateer • Oct. 23, 2023

Experts weigh in on Choice’s bid to buy Wyndham

Hospitality industry pros speculate on the “hostility” of Choice’s public proposal, whether Wyndham is undervalued and what the merger would mean for hotels worldwide.

By Jenna Walters • Oct. 18, 2023

Choice Hotels offers $7.8B to buy Wyndham

Choice has made its proposal public in response to Wyndham “disengaging” from negotiations. 

By Noelle Mateer • Updated Oct. 17, 2023

Miami luxury lifestyle hotel sells for $53.5M

SLS Brickell garnered significant interest from investors, reflecting a long-term view of the Miami market’s positive growth.

By Jenna Walters • Oct. 16, 2023

Apple Hospitality acquires Marriott, Hyatt hotels in Salt Lake City

The real estate investment trust plans to continue investing in the Utah market, which has seen strong hotel performance growth in the last year driven by international tourism.

By Jenna Walters • Oct. 13, 2023

MGM Resorts’ Las Vegas area operations to take $100M hit from cyberattack

The Bellagio and Mandalay Bay casino operator said hotel occupancies are down and certain customer data up to March 2019 was stolen. 

By David Jones • Oct. 6, 2023

JLL names Patrick Saade head of Global Hotels Desk

Saade, who has 13 years of experience on the company’s Hotels & Hospitality group, will lead the desk that connects investors with hospitality assets for sale.

By Noelle Mateer • Oct. 5, 2023

Women, Black board members underrepresented at hotel companies: report

While representation of women and Black members on hotel industry firms’ boards of directors rose in 2022, the groups remain in the minority in most cases.

By Jenna Walters • Oct. 3, 2023

Marriott unveils strategic growth plans for midscale, luxury brands

The hotel company will add up to 270,000 net rooms to its global portfolio by 2026 as strong travel demand persists.

By Jenna Walters • Sept. 28, 2023

Canyon Ranch names Mark Rivers CEO

The company veteran played an instrumental role in the wellness resort’s recent growth partnership with VICI Properties.

By Noelle Mateer • Sept. 28, 2023

Peachtree hotel investment remains strong post rebrand

Year-to-date, the investment company has acquired five properties and signed three development deals, despite ongoing uncertainty in the market.

By Jenna Walters • Sept. 22, 2023

Hilton names Molson Coors executive EVP and general counsel

Anne Marie D'Angelo will report directly to Hilton President and CEO Christopher Nassetta.

By Noelle Mateer • Sept. 21, 2023

Choice Hotels promotes 4 executives in C-suite refresh

The leadership changes come after Choice acquired Radisson Hotels Americas last year.

By Jenna Walters • Aug. 31, 2023

KSL Capital Partners acquires Hersha Hospitality Trust for $1.4B

The deal strengthens the private equity firm's position in the expanding luxury and lifestyle segment.

By Jenna Walters • Aug. 29, 2023

Gramercy Park Hotel to reopen under MCR

A full renovation will return the luxury Manhattan property, slated to reopen in 2025, to its “original splendor.”

By Jenna Walters • Aug. 28, 2023