Corporate/Finance: Page 14

  • The Venetian Resort will undergo a $1.5 billion renovation.
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    Courtesy of The Venetian Resort
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    Top meetings hotels and destinations in North America: Cvent

    Three Nashville, Tennessee, hotels led other U.S. properties in the category, while Orlando, Florida, was named the overall best market for meetings in the tech provider’s annual ranking.

    By • May 21, 2025
  • An exterior view of the JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, Arizona.
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    Retrieved from Marriott International.
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    JW Marriott Phoenix Desert Ridge sells for $865M

    Ryman Hospitality Properties has entered into a definitive agreement with seller Trinity Investments to acquire what the companies claim is the largest resort in the metro area.

    By • May 20, 2025
  • The lobby features bourbon-colored ceiling art.
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    Courtesy of Hilton
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    First Hospitality opens up investment arm, targets $400M for hotel acquisitions

    The firm launched First Investors GP Fund, a dedicated hotel real estate investment platform that will target six to 10 hotels in growth markets.

    By • May 19, 2025
  • Silhouettes of people walking through an airport terminal.
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    Drew Angerer via Getty Images
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    Hotels’ Q1 earnings: Tariff fears, RevPAR downgrades and more

    Most hotel players saw increased RevPAR in the quarter, but outlooks for the remainder of the year are hazy amid ongoing economic uncertainty.

    By • May 19, 2025
  • Remington Hospitality named Ben Perelmuter CEO.
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    Courtesy of Remington Hospitality
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    Remington Hospitality names Ben Perelmuter CEO

    The 30-year hospitality industry veteran will take over the hotel management company in early June, succeeding Sloan Dean.

    By • May 16, 2025
  • City Express by Marriott Duluth in Georgia opened.
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    Courtesy of Marriott International
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    Q&A

    Why Marriott sees a ‘real opportunity’ with City Express midscale brand

    Global Development Officer, U.S. and Canada, Noah Silverman shares how Marriott is capitalizing on evolving franchisee demand with City Express, its first U.S. transient midscale offering.

    By • May 15, 2025
  • The skyline of Manhattan's Chelsea neighborhood at sunset.
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    Getty Images
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    US RevPAR hit Q1 record, though economic outlook more cautious: JLL

    Robust ADRs fueled the highest-ever year-to-date RevPAR in March, though occupancy slipped in the quarter.

    By • May 14, 2025
  • MGM Resorts appointed Ryan Abboushi as president of entertainment.
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    Courtesy of MGM Resorts International
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    MGM Resorts appoints president of entertainment

    Ryan Abboushi will lead the company’s entertainment division, building “scalable, branded entertainment and content experiences” across destinations including Las Vegas.

    By • May 14, 2025
  • Travelers walk through an airport terminal that is displaying an American flag.
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    Scott Olson via Getty Images
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    Tariff troubles? Hotel CEOs talk trade policy’s impact on industry.

    During Q1 earnings calls, CEOs from Marriott, Hilton, Hyatt and more shared concerns over weakening travel demand amid ongoing market volatility.

    By • May 13, 2025
  • Choice Hotels International headquarters at the Pike & Rose development in North Bethesda, Maryland.
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    Courtesy of Choice Hotels International
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    Extended stay a beacon for Choice Hotels amid economic uncertainty

    While Choice downgraded its 2025 RevPAR guidance, the company’s well-performing extended stay portfolio shows promise, per CEO Patrick Pacious.

    By • May 8, 2025
  • Busy traffic in Downtown Los Angeles at dusk.
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    Getty Images
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    Opinion

    How LA hoteliers can prepare for the global stage amid a complex operating environment

    Hotel employers, labor unions, city officials and industry associations will need to work together to ensure Los Angeles offers a world-class experience to visitors, writes attorney Lara Shortz.

    By Lara Shortz • May 8, 2025
  • The exterior of a Holiday Inn hotel.
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    Getty Images
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    US growth bolsters IHG’s Q1 RevPAR, despite volatility

    Long-term structural growth drivers “remain unaltered,” CEO Elie Maalouf said, even as economic indicators soften.

    By • May 8, 2025
  • An exterior image of a hotel
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    Ethan Miller via Getty Images
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    Wynn Resorts halts $375M in CapEx, citing tariffs

    The resort operator delayed its Encore Tower remodel amid ongoing economic uncertainty, but CEO Craig Billings says other areas of the business have not been impacted.

    By • May 7, 2025
  • Hotel Equities affiliate The Hotel Group and local Hogback Development Company will develop a Marriott StudioRes hotel in Moses Lake, Washington.
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    Courtesy of Hotel Equities
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    Hotel Equities, Springboard Hospitality merge

    The combination creates a 300-plus hotel portfolio spanning urban, resort and outdoor destinations in the U.S., Canada, the Caribbean and Latin America.

    By • May 7, 2025
  • The exterior of a Marriott hotel.
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    Getty Images
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    Marriott touts development bright spot as it lowers 2025 RevPAR guidance

    Ongoing economic uncertainty led Marriott to downgrade its full-year RevPAR growth expectations, but CEO Anthony Capuano says owners are bullish on long-term hotel opportunities.

    By • May 6, 2025
  • Downtown New Orleans.
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    Getty Images
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    Hotel RevPAR strong in Q1 despite economic fears: CBRE

    RevPAR grew 2.2% year on year in the first quarter, though hotel CEOs are bracing for potential headwinds.

    By • May 2, 2025
  • Hyatt Hotels opened its first Hyatt Studios extended stay hotel in Mobile, Alabama.
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    Courtesy of Hyatt Hotels
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    Hyatt forecasts slower RevPAR growth as booking behavior shifts

    Softening leisure demand led Hyatt to downgrade its 2025 RevPAR growth outlook, though development momentum remains strong, per CEO Mark Hoplamazian.

    By • May 1, 2025
  • An image of the Bellagio Las Vegas, now part of MGM Collection with Marriott Bonvoy.
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    Courtesy of Marriott International
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    MGM CEO optimistic despite Q1 tourist, revenue dips in Las Vegas

    The resort operator saw declined performance fundamentals year over year on tough comparisons to last year’s Vegas Super Bowl, but its Marriott collab continues to exceed expectations.

    By • May 1, 2025
  • Wyndham Hotels & Resorts opened its second Echo Suites extended stay hotel in Plano, Texas.
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    Courtesy of Wyndham Hotels & Resorts
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    Wyndham lowers 2025 RevPAR expectations amid dampened consumer sentiment

    The company’s U.S. RevPAR growth was below the low end of its guidance for Q1, though CEO Geoff Ballotti touted Wyndham’s track record in previous economic downturns.

    By • May 1, 2025
  • The exterior of the new Caesars Virginia.
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    Courtesy of Justin Kase Conder/Caesars Entertainment
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    Caesars’ openings boost regional growth in Q1

    CEO Tom Reeg said economic uncertainty has yet to impact Caesars' hospitality business, though Canadian visitor numbers are down.

    By • April 30, 2025
  • Two hotel workers look at a tablet together.
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    Getty Images
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    Sabre sells off hospitality tech unit for $1.1B

    The travel tech firm’s Hospitality Solutions business will now be a standalone company owned by asset management firm TPG.

    By • April 29, 2025
  • The exterior of a Hilton hotel framed by palm trees.
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    Getty Images
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    Travelers in ‘wait-and-see’ mode amid economic uncertainty: Hilton CEO

    A weaker macroeconomic environment dampened demand in the first quarter of 2025, though Hilton’s luxury and lifestyle momentum remained strong.

    By • April 29, 2025
  • The exterior of a CitizenM hotel.
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    Courtesy of Marriott International
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    Deep Dive

    What Marriott CFO, industry experts think of CitizenM deal

    Marriott will need to work hard to ensure CitizenM doesn’t cannibalize its other lifestyle brand, Moxy. CFO Leeny Oberg says that won’t be a problem.

    By • April 29, 2025
  • A sunlit common space with colorful furniture.
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    Courtesy of Marriott International
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    Marriott International to acquire CitizenM for $355M

    The move is set to bolster Marriott’s global expansion in the select-service lifestyle segment, as 36 open hotels join the company’s portfolio.

    By • April 28, 2025
  • A view of Fort Worth is visible from a guest room window.
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    Courtesy of Remington Hospitality
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    Remington Hospitality CEO to exit

    Sloan Dean will depart the hospitality management company, which is currently searching for his successor.

    By • April 24, 2025