Articles tagged “real estate”

Nobu Now Sees Lodging as Its ‘Speedboat’

Nobu Now Sees Lodging as Its ‘Speedboat’

Danni Santana, Skift

With 18 hotels signed, opened, or under construction, Nobu Hotels is growing its hotel portfolio rapidly. But the chain is focused only on major global markets.

6 days ago

U.S.-China Trade War Hurts Accor But It Won’t Deter Asia Expansion

U.S.-China Trade War Hurts Accor But It Won’t Deter Asia Expansion

Danni Santana, Skift

The hotel group remains confident the international conflict will pass, as it commits resources to expanding in Asia.

3 weeks ago

Equinox CEO Bets on Loyal Customers to Make New Luxury Hotel a Success

Equinox CEO Bets on Loyal Customers to Make New Luxury Hotel a Success

Patrick Clark and Viviana Hurtado, Bloomberg

We agree with Equinox that consumers are looking for something different, but the U.S. markets the new hotelier is planning to open in bring great risk to future sustainability.

4 weeks ago

The La Quinta Brand Is Receiving Plenty of TLC From Wyndham

The La Quinta Brand Is Receiving Plenty of TLC From Wyndham

Danni Santana, Skift

Chalk up La Quinta's poor performance in the second quarter to nothing more than a blip. The brand has always performed in line with direct competitors. But Wyndham wants to take it to another level.

1 month ago

Hotel Startup Life House’s Hedge: Selling Its Own Tech as Well as Rooms

Hotel Startup Life House’s Hedge: Selling Its Own Tech as Well as Rooms

Danni Santana, Skift

The lifestyle hotel space has gotten very crowded, especially over the last 18 months. But it appears Life House has a viable fallback plan in place in case expansion plans don't work out.

1 month ago

Oyo Is Betting U.S. Strategy on Aggressive Dynamic Pricing

Oyo Is Betting U.S. Strategy on Aggressive Dynamic Pricing

Danni Santana, Skift

Oyo's dynamic pricing strategy could turn out to be a bit of a double-edged sword in the U.S., where the company faces greater competition. On one hand occupancy is sure to go up for many of its hotel partners, but if a majority of rooms are booked last-minute at incredibly low prices, hotel managers can start enduring some losses.

2 months ago

Oyo Plans $300 Million U.S. Expansion With Focus on Major Cities

Oyo Plans $300 Million U.S. Expansion With Focus on Major Cities

Danni Santana, Skift

Sometimes it's obvious when a company is growing too fast. This doesn't appear to be one of those times. Oyo wants to be everywhere customers want to vacation.

2 months ago

Hyatt’s Two Roads Hospitality Acquisition Drives Larger Loyalty Play

Hyatt’s Two Roads Hospitality Acquisition Drives Larger Loyalty Play

Danni Santana, Skift

Hyatt keeps packing on the partnerships to please reward members, which is probably the smart play for the time being. Creating alliances with hoteliers is a faster solution than building a slew of new properties in new markets from scratch.

3 months ago

Ritz-Carlton Central Park May Be Sold

Ritz-Carlton Central Park May Be Sold

Gillian Tan and Patrick Clark, Bloomberg

A nationwide slowdown in room demand has hit New York City hotels harder than most cities and the owners of Ritz-Carlton Central Park are looking for a way out.

3 months ago

Singapore Developer Wants to Turn Sentosa Cove Into the Next Bali

Singapore Developer Wants to Turn Sentosa Cove Into the Next Bali

Pooja Thakur, Bloomberg

Comparing Sentosa Cove to Bali might be a bit of a stretch, but the former could use some rejuvenation regardless.

6 months ago

Canada’s Hotel Owners Are Looking to Grow in the U.S. as Prices Rise at Home

Canada’s Hotel Owners Are Looking to Grow in the U.S. as Prices Rise at Home

Natalie Wong, Bloomberg

InnVest owns one of Canada's largest hotel portfolios, including the Trump International Hotel & Tower in Toronto. As prices rise in Canada, the company is now targeting the U.S. for growth.

1 year ago

Blackstone, Starwood and Others Eye Upscale Hotels Owner

Blackstone, Starwood and Others Eye Upscale Hotels Owner

Gillian Tan, Bloomberg

Mergers and acquisitions between hotel brands was just the start. Expect to see more mergers take place between the hotel owners and real estate investment trusts going forward.

1 year ago