Blackstone and AAHOA Invest in M3 Hotel Software
Skift Take
M3, LLC has secured a majority investment from Blackstone Growth, with AAHOA also investing, to accelerate its growth and expand its hotel management software.
The DJIA rose 97 points on Friday, Nasdaq was up 37, the S&P 500 rose 11 points, and the 10-year treasury yield was down .03 to 3.89%. Lodging stocks were higher. The big mover of note was SOND, up 15%.
Hotel Equities announced the grand opening of the SpringHill Suites by Marriott Phoenix West/Avondale. The newly constructed hotel is owned by Virtua Avondale Hospitality and features a market, an outdoor fire pit, and a pool.
Four Seasons Hotel Miami, located in Brickell's cosmopolitan setting, revealed four new Presidential and Penthouse Suites, marking the completion of the redesign of all guestrooms and suites at this South Florida destination. The Penthouse is 2,830 square feet, while the Bayfront Presidential Suites are 2,190 square feet.
IHG Hotels & Resorts announced the opening of a newly renovated Holiday Inn Express in San Jose, Costa Rica.
