Hilton Reaches 500 Open Hotels in Florida
Photo Credit: Faro Blanco Resort Yacht Club Marathon Curio Collection by Hilton. Hilton
Skift Take
Hilton surpasses 500 open hotels across Florida. Minor Hotels debuts four brands. A couple of dual-brand hotels open. And more hotel development news.
The Daily Lodging Report will be on a very rare vacation from July 13 to 17.
UBS lowered its price target on Choice Hotels to $149 from $160 while maintaining its Neutral rating. UBS sees domestic RevPAR downside in FY25 due to the tough comps for the rest of the year.
Key takeaways from CBRE’s latest U.S. Hotels State of the Union June 2025 Edition include: In June, CBRE reduced its 2025 and 2026 GDP growth estimates to 1.3% and 2.0% respectively, below the long-run average of 2.1%. May employment increased 1.3% while unemployment ticked up to 4.2%. May credit spreads contracted by 50 basis points y/y. CMBS loan issuance has fallen substantially from $2.6 billion in May 2024 to $0.9 billion in May 2025, with average loan size decreasing from $55 million to $13.1 million. ADR growth of 0.7% was offset by a 0.7% drop in occupancy, resulting in relatively flat RevPAR y/y. RevPAR growth for some chains softened in Ma
