Corporate/Finance: Page 3
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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 Noelle Mateer • Sept. 18, 2024 -
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 Jenna Walters • Sept. 18, 2024 -
Omni Hotels & Resorts names sales leader
Thirty-year hospitality industry veteran Annette Bales will assume the role of vice president of sales.
By Noelle Mateer • Sept. 17, 2024 -
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 Jenna Walters • Sept. 11, 2024 -
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 Noelle Mateer • Sept. 9, 2024 -
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 Noelle Mateer • Sept. 4, 2024 -
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 Jenna Walters • Aug. 29, 2024 -
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 Jenna Walters • Aug. 28, 2024 -
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 Noelle Mateer • Aug. 28, 2024 -
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 Jenna Walters • Aug. 27, 2024 -
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 Jenna Walters • Aug. 22, 2024 -
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 Jenna Walters • Updated Oct. 2, 2024 -
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 Noelle Mateer • Aug. 20, 2024 -
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 Jenna Walters • Aug. 20, 2024 -
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 Jenna Walters • Aug. 19, 2024 -
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 Jenna Walters • Aug. 19, 2024 -
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 Jenna Walters • Aug. 15, 2024 -
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 Jenna Walters • Aug. 13, 2024 -
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 Jenna Walters • Aug. 12, 2024 -
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 Jenna Walters • Aug. 9, 2024 -
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 Jenna Walters • Aug. 8, 2024 -
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 Noelle Mateer • Aug. 7, 2024 -
‘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 Jenna Walters • Aug. 7, 2024 -
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 Jenna Walters • Aug. 6, 2024 -
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 Noelle Mateer • Aug. 6, 2024