Corporate/Finance
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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 Jenna Walters • April 19, 2024 -
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 Jenna Walters • April 15, 2024 -
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 Jenna Walters • April 11, 2024 -
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 Jenna Walters • April 10, 2024 -
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 Jenna Walters • April 9, 2024 -
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 Noelle Mateer • April 9, 2024 -
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 Jenna Walters • April 5, 2024 -
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 Jenna Walters • April 5, 2024 -
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 Noelle Mateer • April 1, 2024 -
Hospitality America names Ben Campbell president and CEO
The company veteran replaces founder Chris Cargen, who held the top spot for 30 years.
By Jenna Walters • March 29, 2024 -
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 Jenna Walters • March 28, 2024 -
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
In her new role, the company veteran will lead the “software product delivery functions” within Choice’s technology team.
By Jenna Walters • March 26, 2024 -
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 Noelle Mateer • March 25, 2024 -
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 Jenna Walters • Updated March 20, 2024 -
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 Jenna Walters • March 12, 2024 -
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 Jenna Walters • March 11, 2024 -
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 Jenna Walters • March 6, 2024 -
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 Jenna Walters • Updated March 6, 2024 -
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 Jenna Walters • March 4, 2024 -
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 Jenna Walters • March 4, 2024 -
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 Jenna Walters • Feb. 28, 2024 -
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 Noelle Mateer • Feb. 28, 2024 -
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 Jenna Walters • Feb. 26, 2024 -
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 Noelle Mateer • Feb. 26, 2024