Marriott Begins Integrating CitizenM Hotels
Photo Credit: Miami South Beach CitizenM hotel CitizenM
Skift Take
Marriott closed its acquisition of CitizenM in only three months and will complete the integration in about a month's time, both much faster than the industry average. Plus more hotel news.
The DJIA fell 74 points while the Nasdaq was up 131 points, the S&P 500 was flat, and the 10-year treasury yield was up .08 to 4.06%. You always have to wonder about a big move in treasury yields on a day the Fed cuts interest rates by 0.25 of a point. Lodging stocks were lower, pretty much across the board.
STR reported U.S. lodging data for the week ended 10/25. U.S. hotel RevPAR fell 5.3% with occupancy down 3.6% and rates down 1.7%. Group RevPAR was down 4.5%.
As seen in the third-quarter 2025 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics, at the close of the third quarter, the five markets with the largest hotel construction pipelines include Dallas with 197 projects/24,310 rooms; Atlanta with 160 projects/18,239 rooms; Nashville with 130 projects/17,183 rooms; Phoenix with 125 projects/16,481 rooms; and Austin with 124 projects/14,486 rooms. In the third quarter, U.S. markets wit
