Corporate/Finance: Page 10
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Tippapatt via Getty Images
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 Graber • April 5, 2024 -
Retrieved from Bluegreen Vacations on November 07, 2023
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 -
Courtesy of Hospitality America
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 Graber • March 29, 2024 -
Retrieved from Marriott International on March 28, 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 Graber • March 28, 2024 -
Sam Santos via Getty Images
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 -
Courtesy of Choice Hotels International
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 Graber • March 26, 2024 -
simon2579 via Getty Images
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 -
Courtesy of AHLA
Q&AChip 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 Graber • March 19, 2024 -
PeopleImages via Getty Images
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 Graber • March 12, 2024 -
Courtesy of Choice Hotels
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 Graber • March 11, 2024 -
Permission granted by Choice Hotels Internatinal
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 Graber • March 6, 2024 -
Caiaimage/Martin Barraud via Getty Images
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 Graber • Updated March 6, 2024 -
Courtesy of Marcus Hotels & Resorts
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 Graber • March 4, 2024 -
Courtesy of Hyatt
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 Graber • March 4, 2024 -
Kent Nishimura via Getty Images
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 Graber • Feb. 28, 2024 -
Courtesy of Aimbridge Hospitality
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 -
davit85 via Getty Images
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 Graber • Feb. 26, 2024 -
Courtesy of Raffles Boston
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 -
Ethan Miller via Getty Images
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 -
onurdongel via Getty Images
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 Jenna Graber • Feb. 23, 2024 -
Robert Mora via Getty Images
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 Jenna Graber • Feb. 21, 2024 -
Spencer Platt via Getty Images
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 Noelle Mateer • Feb. 21, 2024 -
Courtesy of IHG Hotels & Resorts
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 Jenna Graber • Feb. 20, 2024 -
Courtesy of Choice Hotels
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 Jenna Graber • Feb. 20, 2024 -
Caiaimage/Martin Barraud via Getty Images
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 Jenna Graber • Feb. 15, 2024
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