Marriott Completes Its Acquisition of CitizenM
Skift Take
Marriott International has completed its acquisition of the citizenM lifestyle brand, which includes 37 open hotels. Plus, other development news.
The DJIA fell 316 points, but the Nasdaq was up 38, the S&P 500 rose 4 points, and the 10-year treasury yield was up .02 to 4.41%. Lodging stocks were mostly lower. TNL and HGV hit new highs again, but SOND dropped -11% and SVC was down -5%.
Wyndham Hotels & Resorts received a good response to a modestly higher-than-expected 2Q25 earnings report. While the nitpicking was on the “other revenues” mainly credit card fees, in this environment, a beat is a beat. Some analysts described the overall result as better than feared, others pointed out the solid results even with a -3% drop in RevPAR. We found the issue with the China Super 8 master licensee interesting, as WH removed the 67,300 rooms there from the reporting, but still is showing positive net room growth in 2025. While that amount of rooms may seem a lot, WH said the agreement only accounted for $3 million in EBITDA last year. WH shares were up 3% on the day.
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