Corporate/Finance


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    Sam Edwards via Getty Images
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    Ashford Hospitality’s Stephen Zsigray to take over as CEO

    The company veteran will assume the top job July 1 after Rob Hays steps down.

    By April 19, 2024
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    Caiaimage/Martin Barraud via Getty Images
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    DiamondRock names Jeffrey Donnelly CEO in C-suite reorg

    The company veteran succeeds Mark Brugger, who departs the real estate investment trust after a 20-year tenure, as the company adopts a “simplified” organizational structure.

    By April 15, 2024
  • A busy street in Boston's Back Bay neighborhood.
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    benedek via Getty Images
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    Certares acquires Hilton Boston Back Bay hotel for $171M

    The global investment firm said the property’s location “within one of the top submarkets in the country” made it an attractive investment.

    By April 11, 2024
  • Choice Hotels appointed Judd Wadholm as SVP, general manager of core brands
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    Courtesy of Choice Hotels International
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    Choice Hotels names Judd Wadholm SVP, general manager of core brands

    With the appointment, Choice says it's as “committed as ever” to its lower-tier brands like Comfort and Sleep Inn, despite a recent push in upscale.

    By April 10, 2024
  • Scott Strickland
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    Courtesy of Wyndham Hotels & Resorts
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    Wyndham appoints CIO Scott Strickland as chief commercial officer

    Heading a newly created commercial organization, the company veteran will focus on Wyndham’s technology strategy and oversee global sales, revenue generation, marketing and loyalty.

    By April 9, 2024
  • A headshot of Dan Flannery.
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    Courtesy of Loews
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    Loews names Dan Flannery chief operating officer

    Before joining the New York-based hotel owner and operator, Flannery launched the luxury lifestyle brand Edition alongside hotelier Ian Schrager.

    By April 9, 2024
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    davit85 via Getty Images
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    What the Tax Relief for American Families and Workers Act means for hotels

    The legislation pending Senate approval could incentivize investment in hotel renovations and property upgrades, according to a Cornell University study.

    By April 5, 2024
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    Tippapatt via Getty Images
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    KSL Resorts appoints Greg Kennealey to CEO

    The industry veteran succeeds co-founder Scott Dalecio, who is stepping down after 20 years at the helm of the full-service hospitality company.

    By April 5, 2024
  • Two beach chairs on Myrtle Beach in front of a glossy high rise.
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    Retrieved from Bluegreen Vacations on November 07, 2023
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    Hilton Grand Vacations promotes CFO to president

    With his new role, Dan Mathewes will continue to act as CFO, while a former Bluegreen Vacations exec will take over sales and marketing.

    By April 1, 2024
  • Hospitality America named Ben Campbell president and CEO.
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    Courtesy of Hospitality America
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    Hospitality America names Ben Campbell president and CEO

    The company veteran replaces founder Chris Cargen, who held the top spot for 30 years.

    By March 29, 2024
  • The exterior logo of the AC Hotel by Marriott Washington DC Convention Center
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    Retrieved from Marriott International on March 28, 2024
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    Apple Hospitality acquires DC convention hotel for $117M

    With the AC Hotel by Marriott, the investment trust expands its upscale portfolio to a market with “a wide variety of demand generators” appealing to business, group and leisure travelers.

    By March 28, 2024
  • Four Seasons Hotels and Resorts launches the Four Seasons Pop Down, the first in a global series on September 9, 2017 in Toronto, Canada.
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    Sam Santos via Getty Images
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    Four Seasons taps former MGM CTO as tech chief

    Sudhakar Veluru, who joined the hotel chain Monday, has nearly two decades of hospitality and tech experience.

    By Lindsey Wilkinson • March 27, 2024
  • Choice Hotels promotes Sireesha Kunduri to chief of product engineering
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    Courtesy of Choice Hotels International
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    Choice Hotels promotes Sireesha Kunduri to chief of product engineering

    In her new role, the company veteran will lead the “software product delivery functions” within Choice’s technology team.

    By March 26, 2024
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    simon2579 via Getty Images
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    US hotel RevPAR will grow 3% in 2024: CBRE

    The recovery of international travel, plus heightened group and meetings business, will fuel U.S. hotel performance, particularly in urban markets.

    By March 25, 2024
  • 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 Updated March 20, 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
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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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    Earnings

    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