Development: Page 2
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Marriott opens 18-acre St. Regis resort, residences in Florida
The resort marks the 9,000th property for the world’s largest hotel company, which is expanding in the luxury hotel and branded residences sectors.
By Noelle Mateer • Aug. 21, 2024 -
Wyndham opens second Echo Suites amid extended stay push
The Plano, Texas, hotel is among a “slew” of additional brand openings Wyndham expects in the coming months.
By Jenna Walters • Aug. 21, 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 -
Hilton opens latest Graduate hotel near Princeton University
The 180-room hotel is part of Hilton’s broader lifestyle push, which has been fuelled by brand acquisitions.
By Noelle Mateer • Updated Aug. 16, 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 -
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 -
Hard Rock expands Reverb hotel brand in Florida
The Pensacola property joins a list of hotels Hard Rock is developing across the country, including its transformation of The Mirage in Las Vegas.
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 -
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 -
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 -
US hotel construction pipeline grows to new highs — again
In Q2 2024, hotels in the total pipeline grew 9% annually, with extended stay remaining popular and upper midscale leading other segments, according to Lodging Econometrics.
By Jenna Walters • Aug. 1, 2024 -
4 conversion-focused hotel brands expanding in 2024
As hotel conversions remain a desirable alternative to new construction, Marriott, IHG, Choice and Hilton are plotting growth for brands in the space.
By Jenna Walters • Aug. 1, 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 -
Choice Hotels continues upscale push with 4 Cambria openings
Properties in New York, Delaware, New Hampshire and Colorado aim to further solidify the hotel company’s standing among upscale competitors.
By Michele Laufik • July 31, 2024 -
Midscale extended stay brand YourSpace enters competitive segment
The new brand broke ground on its inaugural hotel in Chesapeake, Virginia, joining larger players like Marriott and Hyatt in the fast-growing space.
By Jenna Walters • July 30, 2024 -
Shinola hotel part of $300M redevelopment coming to Indianapolis
Alongside Boxcar Development, the Detroit-based luxury watch brand is planning a 170-key hotel in the city’s downtown.
By Jenna Walters • July 26, 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 -
Marriott aims to build loyalty with branded residential growth
The hotel company launched an owner recognition program as its branded residential portfolio and pipeline see significant expansion.
By Jenna Walters • July 23, 2024 -
US hotel construction activity hits 2024 peak: STR
In June, the volume of U.S. hotel rooms under construction was the highest it’s been since February 2023, according to data from CoStar.
By Noelle Mateer • July 19, 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 -
$2.5B tower completed in Times Square
The 47-story building houses the first-ever Tempo by Hilton hotel, which opened last summer, as the NYC neighborhood sees strong hotel demand.
By Matthew Thibault • July 12, 2024 -
Marriott opens dual-brand hotel in Colorado
With the combination SpringHill Suites and TownePlace Suites, Marriott joins a growing list of hotel companies betting on the dual-brand concept.
By Noelle Mateer • July 12, 2024 -
JW Marriott brand expands amid company’s luxury push
With JW Marriott hotels underway in Reston, Virginia, and downtown Detroit, Marriott continues to make the luxury segment a “top priority.”
By Jenna Walters • July 12, 2024 -
Wyndham opens first Echo Suites, plots extended stay growth
The Spartanburg, South Carolina, hotel will be followed by other brand openings this year, as Wyndham looks to capitalize on increased demand generated by infrastructure projects.
By Jenna Walters • July 11, 2024