Wyndham’s move to terminate its management contracts with an acquired CorePoint has significant implications around where major companies want to focus their resources in a post-pandemic hotel environment.
The Delta variant didn’t evade major hotel companies from profitability on their most recent quarter. Barring some massive pandemic setback, many of these optimistic outlooks are possible.
Real estate is a long-term play that generally isn’t impacted by downturns, but the pandemic accelerated efforts to beef up some development offerings in the leisure and luxury orbit.
Data out of Asia shows just how bad border closures are hurting hotel business in major cities while it's business as usual on the investment transaction front.
Given Choice’s significant demand base of leisure travelers, essential workers, and road warriors, it isn’t surprising that it will be the first major hotel company to eclipse 2019 performance levels. But it is certainly a bragging point.
Out with the old. In with the new. The Mirage is the aging grand dame in the MGM Resorts Las Vegas portfolio compared to newer trophy deals like managing the Cosmopolitan.