Corporate/Finance: Page 2


  • Exterior of MGM Grand Hotel & Casino in Las Vegas
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    Ethan Miller via Getty Images
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    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
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    onurdongel via Getty Images
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    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 Feb. 23, 2024
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    Robert Mora via Getty Images
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    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 Feb. 21, 2024
  • The outside of a Grand Hyatt hotel.
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    Spencer Platt via Getty Images
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    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 Feb. 21, 2024
  • The outside of the Garner Auburn – Seattle on a sunny day.
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    Courtesy of IHG Hotels & Resorts
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    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 Feb. 20, 2024
  • Exterior of Choice Hotels International, Rockville Corporate Headquarters
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    Courtesy of Choice Hotels
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    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 Feb. 20, 2024
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    Caiaimage/Martin Barraud via Getty Images
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    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 Feb. 15, 2024
  • An exterior image of a the Bellagio hotel in Las Vegas
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    Robert Mora via Getty Images
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    Las Vegas’ ‘strength and resiliency’ drive Q4 growth for MGM Resorts

    Following a cybersecurity issue and looming worker strikes that impacted the company in Q3, MGM posted strong performance growth to close 2023.

    By Feb. 14, 2024
  • Exterior of building with Marriott logo
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    Brandon Bell via Getty Images
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    Marriott CEO touts new midscale brand amid segment push

    After entering the midscale segment in the U.S. and Canada in 2023, the hotel company plans to continue growth in the space with groundbreakings on StudioRes and a looming brand launch.

    By Feb. 13, 2024
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    Dave Kotinsky via Getty Images
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    Expedia Group names Ariane Gorin CEO

    Current CEO Peter Kern will step down at the end of his contract in May.

    By Feb. 9, 2024
  • An exterior image of a hotel
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    Ethan Miller via Getty Images
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    F1 ‘a contributor’ to Wynn Resorts’ record Las Vegas performance in Q4

    The company posted record performance results in the city due to a robust events calendar, and CEO Craig Billings anticipates further growth from Super Bowl LVIII.

    By Feb. 8, 2024
  • Las Vegas Skyline
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    f11photo via Getty Images
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    Record ADR predicted for Las Vegas hotels over Super Bowl LVIII weekend

    Hotel performance in the city from Friday through Sunday will significantly outpace last year’s gameday weekend in Phoenix, STR forecasts.

    By Feb. 8, 2024
  • Two shares on a terrace overlooking a snow-covered mountain.
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    Courtesy of Hilton
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    Hilton to boost luxury network with Small Luxury Hotels of the World

    Hilton announced the partnership as part of its earnings for the fourth quarter of 2023, which also saw a company record for room openings.

    By Feb. 7, 2024
  • A rendering of a new Graduate Hotels property
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    Permission granted by Hannah Corcoran, Representative for Graduate Hotels
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    Why Hilton might consider acquiring Graduate Hotels

    Hospitality industry experts say brand acquisitions are an increasingly popular way for hotel companies to gain scale and boost customer loyalty.

    By Feb. 7, 2024
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    Caiaimage/Martin Barraud via Getty Images
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    Aimbridge Hospitality restructures to streamline US operations

    The hotel management company will create a dedicated owner relations team and two focused operating divisions led by company executives.

    By Feb. 7, 2024
  • A rendering of a new Graduate Hotels property
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    Permission granted by Hannah Corcoran, Representative for Graduate Hotels
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    Hilton considering purchase of Graduate Hotels brand: Bloomberg

    Sources told Bloomberg the potential deal would not involve Hilton taking on Graduate Hotels’ real estate, which currently spans 37 properties in the U.S. and U.K.

    By Feb. 6, 2024
  • A guest room at Bowie House with large windows, a bed and seating area.
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    Courtesy of Auberge Resorts Collection
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    Auberge Resorts Collection gets ‘significant capital’ investment to fuel global expansion

    Merchant bank BDT & MSD's minority stake will further grow the luxury brand portfolio in “gateway urban markets and high-profile experiential destinations.”

    By Feb. 5, 2024
  • An image of the Choice Hotels logo on the exterior of a building.
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    Kristoffer Tripplaar/Sipa/AP

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    Deep Dive

    Choice Hotels-Wyndham merger: Everything we know so far

    Sources familiar with the matter likened the initial negotiations to being held at gunpoint. Experts say pressure from online travel agencies and a desire for scale may be behind Choice’s moves.

    By Jan. 31, 2024
  • Reflection of a person walking among gardens in a big city financial center
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    Lucas Ninno Creative via Getty Images
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    Urban markets, sustainable tourism to drive global hotel investment in 2024: JLL

    Global hotel investment will accelerate this year, exceeding 2023’s volume by from 15% to 25%.

    By Jan. 29, 2024
  • Exterior of Choice Hotels International, Rockville Corporate Headquarters
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    Courtesy of Choice Hotels
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    Choice Hotels names Wyndham board nominees in ‘brazen’ move

    Choice claims the elected board members would “act in shareholders’ best interests.” But Wyndham slammed the move as “dubious,” again pleading to shareholders to not tender their shares.

    By Jan. 22, 2024
  • A headshot of Leanne Harwood.
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    Courtesy of IHG Hotels & Resorts
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    IHG taps Leanne Harwood to lead Americas luxury and lifestyle portfolio

    The hospitality industry veteran is tasked with driving performance and operations as IHG continues to grow its six luxury and lifestyle brands.

    By Jan. 18, 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 completes $1.5B acquisition of Bluegreen Vacations

    The all-cash deal adds 14 new markets to Hilton Grand Vacations’ portfolio.

    By Jan. 17, 2024
  • New York City skyline with urban skyscrapers at sunset
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    ventdusud via Getty Images
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    Hot hotel markets to watch in 2024

    Atlanta, Dallas, New York City and Miami are hotel markets worth watching. Here’s why.   

    By Jan. 8, 2024
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    Zolnierek via Getty Images
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    Hyatt Chairman Thomas Pritzker accused in Epstein documents

    Jeffrey Epstein victim Virginia Giuffre said she had sex with the hotel company heir in a 2016 deposition.

    By Jan. 5, 2024
  • An image of John Rees
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    Retrieved from Hard Rock International on January 04, 2024
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    Hard Rock names new senior vice president of hotel operations

    Thirty-year industry veteran John Rees will oversee operations across the company’s 37-property hotel portfolio.

    By Jan. 4, 2024