Corporate/Finance: Page 3

  • A headshot of Dan Peek.
    Image attribution tooltip
    Courtesy of JLL
    Image attribution tooltip

    JLL Americas Hotels & Hospitality Group names Dan Peek president

    Peek, who joins JLL from Hodges Ward Elliott, will be tasked with leading strategic growth efforts nationwide.

    By • Sept. 18, 2024
  • Gencom acquired the Hyatt-branded Thompson Central Park Hotel in New York City.
    Image attribution tooltip
    Courtesy of Gencom
    Image attribution tooltip

    Gencom enters NYC with Thompson Central Park Hotel acquisition

    With the reported $300 million buy, the firm strengthens its relationship with Hyatt and positions itself in “one of the world’s top hospitality markets.”

    By • Sept. 18, 2024
  • A headshot of Annette Bales.
    Image attribution tooltip
    Courtesy of Omni Hotels & Resorts
    Image attribution tooltip

    Omni Hotels & Resorts names sales leader

    Thirty-year hospitality industry veteran Annette Bales will assume the role of vice president of sales.

    By • Sept. 17, 2024
  • Hill with cactuses on the foreground, and cityscape in the background
    Image attribution tooltip
    Gregory Clifford via Getty Images
    Image attribution tooltip

    LivAway Suites developer opens office in ‘growth’ market Phoenix

    West77 Partners has several extended stay hotels underway in the metro area and is plotting up to 12 more as part of a rapid nationwide brand expansion.

    By • Sept. 11, 2024
  • Two headshots of the appointees side by side.
    Image attribution tooltip
    Courtesy of Accor
    Image attribution tooltip

    Accor taps leaders for premium, midscale and economy brands

    The move is intended to “fortify brand leadership” as the France-based company expands globally, particularly in the premium segment.

    By • Sept. 9, 2024
  • A headshot of Leanne Harwood.
    Image attribution tooltip
    Courtesy of IHG Hotels & Resorts
    Image attribution tooltip
    Q&A

    IHG luxury and lifestyle leader talks segment competition, Americas strategy

    Hospitality industry veteran Leanne Harwood spoke with Hotel Dive about changing traveler profiles and the importance of loyalty.

    By • Sept. 4, 2024
  • The exterior of the Hyatt Regency Orlando.
    Image attribution tooltip
    Courtesy of JLL
    Image attribution tooltip

    Volume of $200M-plus hotel transactions at highest level in 8 years: JLL

    Investor appetite for high-quality, large transactions — particularly for luxury hotels in urban markets — is on the rise, and momentum is forecasted to continue. 

    By • Aug. 29, 2024
  • A skyline of New York City
    Image attribution tooltip
    TomasSereda via Getty Images
    Image attribution tooltip

    Manhattan lodging market sees Q2 RevPAR growth, but challenges loom

    Despite recent “robust” performance growth in the city, a proposed licensing bill could threaten hotel operations, industry associations argue.

    By • Aug. 28, 2024
  • The exterior of Nasdaq headquarters.
    Image attribution tooltip
    Michael M. Santiago via Getty Images
    Image attribution tooltip

    Nasdaq issues warning to LuxUrban Hotels

    Following Nasdaq’s notice, the beleaguered hotel company has 60 days to submit a plan to regain listing compliance.

    By • Aug. 28, 2024
  • Crescent Hotels & Resorts appointed Vanessa Claspill as chief commercial officer.
    Image attribution tooltip
    Courtesy of Crescent Hotels & Resorts
    Image attribution tooltip

    Crescent appoints Vanessa Claspill as chief commercial officer

    The 20-year industry veteran succeeds Dawn Gallagher, who was recently promoted to Crescent’s president of hospitality.

    By • Aug. 27, 2024
  • Hyatt will acquire Standard International and its affiliated brands, assuming a hotel portfolio including The Standard, High Line in New York City.
    Image attribution tooltip
    Jason Kempin via Getty Images
    Image attribution tooltip
    Deep Dive

    ‘Lifestyle wars’ ramp up as hotel brands compete in crowded segment

    With its acquisition of Standard International, Hyatt continues to grow its lifestyle portfolio, but the company will have to fight competitors for resources in the saturated space.

    By • Aug. 22, 2024
  • The Standard Hotel in New York City glass door logo.
    Image attribution tooltip
    Neilson Barnard via Getty Images
    Image attribution tooltip

    Hyatt completes acquisition of Standard International

    Hyatt assumes Standard International’s lifestyle portfolio of 22 open hotels, including The Standard, High Line in New York City, as well as more than 30 pipeline projects.

    By • Updated Oct. 2, 2024
  • The exterior of the Hyatt Regency Orlando.
    Image attribution tooltip
    Courtesy of JLL
    Image attribution tooltip

    Hyatt Regency Orlando sells for $1B

    The sale of the 1,641-room property — the largest single-asset sale in Hyatt’s history — is part of the company’s mission to offload real estate and “go asset-lighter.”

    By • Aug. 20, 2024
  • Marriott will add Sonder's portfolio of more than 9,000 rooms to its system.
    Image attribution tooltip
    Courtesy of Sonder
    Image attribution tooltip

    How a Marriott, Sonder tie-up could create value for both accommodations providers

    Marriott expects increased net rooms growth and market reach from the newly inked strategic licensing agreement, while Sonder banks on value creation for stakeholders.

    By • Aug. 20, 2024
  • Sonder offers apartment-style accommodations.
    Image attribution tooltip
    Courtesy of Sonder
    Image attribution tooltip

    Marriott to add Sonder rooms to system through strategic licensing agreement

    The partnership comes as Sonder fights legal battles with disgruntled investors and undergoes a portfolio optimization program to “mitigate losses.”

    By • Aug. 19, 2024
  • Travelers walk through an airport terminal that is displaying an American flag.
    Image attribution tooltip
    Scott Olson via Getty Images
    Image attribution tooltip

    CBRE reduces 2024 RevPAR forecast, notes challenges ahead for hotels

    Election-related events and international travel will buoy near-term RevPAR growth, but economic headwinds could pose risks for U.S. hotels.

    By • Aug. 19, 2024
  • Auberge Resorts Collection named Christian Clerc CEO.
    Image attribution tooltip
    Courtesy of Auberge Resorts Collection
    Image attribution tooltip

    Auberge Resorts Collection taps former Four Seasons exec as CEO

    Christian Clerc will take over for retiring CEO Craig Reid as the luxury hotel brand plots portfolio expansion across gateway urban markets and experiential destinations.

    By • Aug. 15, 2024
  • An aerial view of New York City.
    Image attribution tooltip
    Drew Angerer via Getty Images
    Image attribution tooltip

    Top trends driving US hotel investment in 2024

    Supply growth, travel demand and changes to the lending environment will guide hotel performance and investor appetite this year, according to a report from JLL.

    By • Aug. 13, 2024
  • The colorfully designed lobby at a hotel property.
    Image attribution tooltip
    Edwin Tan via Getty Images
    Image attribution tooltip

    Upper-tier hotel segments to see highest RevPAR growth in 2024-25: report

    STR and Tourism Economics maintain their hotel performance growth outlooks for each year and say changing traveler behavior will benefit higher tiers.

    By • Aug. 12, 2024
  • A business traveler check into a hotel in the hotel lobby.
    Image attribution tooltip
    Drazen_ via Getty Images
    Image attribution tooltip

    Hospitality trends that drove RevPAR gains, pipeline growth in Q2

    Heightened group travel boosted revenues for several hotel companies, while conversions and extended stay remained top of mind for developers.

    By • Aug. 9, 2024
  • Exterior of Choice Hotels International, Rockville Corporate Headquarters
    Image attribution tooltip
    Courtesy of Choice Hotels
    Image attribution tooltip

    Conversions, extended stay boost Choice Hotels pipeline

    In the second quarter of 2024, the hotel company’s global pipeline increased 22% year over year, including a 65% increase in conversion rooms.

    By • Aug. 8, 2024
  • Red armchairs in Tempo by Hilton's lobby, which has floor-to-ceiling windows with views of Times Square
    Image attribution tooltip
    Courtesy of Hilton
    Image attribution tooltip

    Group travel growth buoys Hilton’s Q2

    Meanwhile, its system surpassed 8,000 hotels in July, CEO Chris Nassetta shared — also claiming that Hilton has more rooms under construction than any other hotel company.

    By • Aug. 7, 2024
  • An exterior image of a hotel
    Image attribution tooltip
    Ethan Miller via Getty Images
    Image attribution tooltip

    ‘Healthy’ Vegas group demand drives strong Q2 for Wynn Resorts

    The operator’s Las Vegas flagship resort is on track to have “the best year ever” for group and convention performance.

    By • Aug. 7, 2024
  • Two empty lounge chairs in front of a pool overlooking a vast hilly region.
    Image attribution tooltip
    Courtesy of Mr & Mrs Smith
    Image attribution tooltip

    Hyatt posts RevPAR, net rooms growth in Q2

    In the quarter, the company added rooms from its Mr & Mrs Smith acquisition, and another boutique hotel brand deal may be on the horizon.

    By • Aug. 6, 2024
  • The interior at Fauna Restaurant shows wooden chairs, dim light and a tile floor.
    Image attribution tooltip
    Courtesy of IHG Hotels & Resorts
    Image attribution tooltip

    IHG touts conversion strength, US rebound in Q2

    U.S. RevPAR recovered after a Q1 slump, and the company’s conversion-focused Garner brand has signed more than 80 hotels since being made available to franchisees last year.

    By • Aug. 6, 2024