Corporate/Finance: Page 13
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Courtesy of Canyon Ranch
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 -
onurdongel via Getty Images
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 Graber • Sept. 22, 2023 -
Courtesy of Hilton
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 -
Courtesy of Choice Hotels
Choice Hotels promotes 4 executives in C-suite refresh
The leadership changes come after Choice acquired Radisson Hotels Americas last year.
By Jenna Graber • Aug. 31, 2023 -
onurdongel via Getty Images
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 Graber • Aug. 29, 2023 -
Retrieved from MCR on August 28, 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 Graber • Aug. 28, 2023 -
Robert Mora via Getty Images
Las Vegas’ Bellagio gets $950M investment from Realty Income
The real estate investment trust company acquires a nearly 22% interest from Blackstone in the hotel and resort located on the Strip.
By Jenna Graber • Aug. 25, 2023 -
f11photo via Getty Images
Wynn posts Q2 profit bolstered by Vegas luxury consumers
Citywide programming will continue to be a boost to Wynn Las Vegas in the second half of 2023, CEO Craig Billings said in the company’s second-quarter earnings call.
By Noelle Mateer • Aug. 10, 2023 -
Retrieved from InterContinental Hotels Group on August 08, 2023
IHG to launch midscale brand
CEO Elie Maalouf announced the plans during the company’s first-half earnings call, which noted a 24% year-on-year RevPAR increase.
By Noelle Mateer • Aug. 8, 2023 -
Courtesy of Choice Hotels
Choice Hotels posts record Q2 fueled by Radisson Americas integration, openings pipeline
The company raised its outlook for full-year 2023 adjusted EBITDA, pointing to strong openings activity across all segments.
By Noelle Mateer • Aug. 8, 2023 -
Ethan Miller via Getty Images
MGM reports stability in Las Vegas in Q2, anticipates H2 growth
Upcoming entertainment and sporting events are expected to drive performance in the second half of 2023 and beyond.
By Jenna Graber • Aug. 3, 2023 -
Robert Mora via Getty Images
Caesars anticipates strong performance in Las Vegas from Formula 1, Super Bowl
On the heels of second-quarter growth, the company forecasted in a Q2 earnings call increased occupancy rates and revenues in the coming half and beyond.
By Jenna Graber • Aug. 2, 2023 -
Brandon Bell via Getty Images
Marriott raises rooms growth and earnings guidance for 2023
Strong global travel trends bolstered the company’s RevPAR and portfolio growth in the second quarter.
By Jenna Graber • Aug. 1, 2023 -
Retrieved from Courtyard by Marriott on July 28, 2023
Certares closes $284M hospitality-focused real estate fund
The firm continues to seek investment opportunities in growth markets with a combination of leisure and corporate demand.
By Noelle Mateer • July 28, 2023 -
Retrieved from Wyndham Hotels & Resorts on July 27, 2023
Wyndham reports declined US RevPAR, development growth in Q2
Changing traveler behavior resulted in a 1% decline in the company’s U.S. RevPAR, but its development pipeline saw the 12th consecutive quarter of growth.
By Jenna Graber • July 27, 2023 -
Retrieved from Noble Investment Group on July 19, 2023
Noble Investment Group acquires extended stay portfolio in Southeast
The firm acquired 10 WoodSpring Suites hotels, joining other investors and developers claiming stake in the extended stay space.
By Jenna Graber • July 19, 2023 -
Courtesy of Hard Rock International
Vincent Zahn named EVP and CFO of Hard Rock International and Seminole Gaming
The former Wynn Resorts exec has more than a decade’s worth of experience at public gaming entertainment companies.
By Noelle Mateer • July 7, 2023 -
Courtesy of Marriott Vacations Worldwide
Marriott Vacations Worldwide names CIO
Raman Bukkapatnam will oversee the global vacation ownership company’s technology strategy, modernization and transformation.
By Noelle Mateer • July 6, 2023 -
Retrieved from Marriott International on June 09, 2023
JW Marriott resort in San Antonio to sell for $800M
Ryman Hospitality Properties will acquire the 640-acre property, a destination for large group meetings, from Blackstone Real Estate Income Trust as group business travel trends upward.
By Jenna Graber • June 9, 2023 -
Retrieved from Highgate on May 31, 2023
Highgate names Mike Uwe Dickersbach chief digital officer
The industry veteran rejoins the hotel management company in the newly created role.
By Jenna Graber • May 31, 2023 -
Courtesy of Choice Hotels
Experts weigh in on rumored Choice acquisition of Wyndham: “I think it’s a long shot”
Choice Hotels has a strong case for wanting to acquire Wyndham, hospitality experts say. But it would face major hurdles if the deal proceeds.
By Noelle Mateer • May 25, 2023 -
Retrieved from Outrigger on May 25, 2023
Outrigger Hospitality Group to acquire Hawaii resort
The acquisition would add the 11-acre Kā‘anapali Beach Hotel and an 18-room bed and breakfast, both on Maui, to the hospitality brand’s global portfolio.
By Jenna Graber • May 25, 2023 -
Justin Sullivan via Getty Images
Marriott seeks improved efficiency, higher revenue amid tech overhaul
The hotel chain is re-platforming systems, investing in tech infrastructure and enhancing its mobile app as it boosts its yearly technology spending by around $150 million.
By Lindsey Wilkinson • May 23, 2023 -
Courtesy of Mandarin Orietnal
JLL announces sale of 75% stake in Mandarin Oriental New York
Mumbai-based Reliance Industries now owns a majority stake in the 244-room hotel.
By Noelle Mateer • May 22, 2023 -
Courtesy of IHG Americas
IHG appoints Jolyon Bulley Americas CEO
Bulley will replace outgoing IHG Americas CEO Elie Maalouf, who is currently Group CEO designate following Keith Barr’s departure.
By Noelle Mateer • May 17, 2023
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