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Articles tagged “hotel development”

News Blog

Certares Closes $284 Million Fund for Hospitality Real Estate

Certares, a private equity firm that invests in travel, said on Wednesday it had closed its first real estate hospitality fund, with $284 million of equity commitments. The fund is acquiring hospitality real estate assets in U.S. growth markets. It has already made investments in 10 hotels that together have more than 2,100 keys. The…

Sean O'Neill | 10 months ago

Hotels

Hilton Hotels Sees No Slowdown in Travel Surge

Slowdown? What slowdown? Hilton sees the boom rolling on. In other news, the company said it would add a hotel brand in the "luxury lifestyle" segment in the next year or so.

Sean O'Neill | 10 months ago

Hilton Hotels Sees No Slowdown in Travel Surge

News Blog

Wyndham Signs 60 New Extended Stay Hotels in North America

Wyndham Hotels & Resorts said on Tuesday it had signed 60 more hotels for its Echo Suites Extended Stay by Wyndham brand in the U.S. and Canada. That brings the extended-stay brand’s pipeline to 265 hotels, with about 33,000 rooms. It's the fastest-growing brand in Wyndham's development pipeline. The growth is remarkable. Wyndham only formally announced the…

Sean O'Neill | 10 months ago

Hotels

This Boutique Hotel Isn’t Your Parent’s Beach Getaway

Millennial and Gen Z designers just opened a boutique in California that may overturn assumptions about beachside hotels. Plus, its web-based app hints at what next-gen guests expect in service.

Leslie Barrie | 10 months ago

This Boutique Hotel Isn’t Your Parent’s Beach Getaway

Hotels

Sales of U.S. Hotel Assets Sagged in First Half 2023

Hotel owners have balked at doing deals as interest rates have risen. But the deal drought may end soon. Plus, more from this week's news about hotel development worldwide.

Sean O'Neill | 10 months ago

Sales of U.S. Hotel Assets Sagged in First Half 2023

News Blog

Choice Hotels Opens Properties at Faster Pace and Reaffirms Profit Outlook

Choice Hotels, a U.S.-based franchisor, said on Tuesday it had opened an average of more than four hotels a week in the first half of 2023 — a 39% jump year-over-year. The steady onboarding of properties was one reason it reaffirmed its profit forecast for the year despite some industry concerns about leisure demand patterns…

Sean O'Neill | 10 months ago

Hotels

Analysts Pare Back Enthusiasm for Hotel Companies

Analysts become more cautious about leisure travelers' demand for hotels. Plus, more highlights from this week's news in hotel deals and development worldwide.

Sean O'Neill | 10 months ago

Analysts Pare Back Enthusiasm for Hotel Companies

Hotels

Morgan Stanley Flags Headwinds for Hotel Companies

Analysts for investment bank Morgan Stanley modestly sliced their price targets on several lodging companies largely out of concern about demand trends. Plus, more highlights from this week's news in hotel deals and development worldwide.

Sean O'Neill | 10 months ago

Morgan Stanley Flags Headwinds for Hotel Companies

Hotels

Marriott Doesn’t See Travelers Balking at Room Rates Yet

Travelers aren't pulling back from hotel spending in broad terms, said the world's largest hotel group. Plus, more highlights from this week's news in hotel deals and development worldwide.

Sean O'Neill | 11 months ago

Marriott Doesn’t See Travelers Balking at Room Rates Yet

Hotels

Park Hotels Gives Up on San Francisco’s Doggedly Weak Demand

It's ominous for San Francisco that a firm just abandoned 9 percent of the city's hotel rooms. It's crying uncle on a city struggling with weak hotel demand. Plus, more highlights from this week's news in hotel deals and development worldwide.

Sean O'Neill | 11 months ago

Park Hotels Gives Up on San Francisco’s Doggedly Weak Demand