OYO to Buy Motel 6 from Blackstone for $525 Million
OYO is acquiring G6 Hospitality from Blackstone for $525 million, adding 1,500 U.S. and Canadian locations while keeping Motel 6 and Studio 6 brands independent.
Kim Woinski
Kim is Vice President of Gaming USA Corporation, the previous owner of the Daily Lodging Report, now owned by Skift. Kim is the primary writer of the Daily Lodging Report – North America. Kim moved to Southwest Florida in July of 2020 and recently became a first time grandmother to baby Susie.
Goldman Sachs Initiates Coverage with Buy Ratings on 3 Hotel Chains
Goldman Sachs is cautiously optimistic about the lodging sector, with Buy ratings on Hilton, Wyndham, and Marriott, while holding Neutral or Sell ratings on others, especially in the timeshare segment.
Barclays and STR Predict Modest RevPAR Growth for 2025
Barclays and STR forecast modest RevPAR growth of around 2% through 2025, with some softening due to GDP and mixed short-term performance.
Jefferies Reports Lodging Stocks Show Improvement
Jefferies notes that lodging stocks tied to moderate to lower-end brands are outperforming due to economic stability, while higher-end brands are underperforming amid slower leisure travel and delayed interest rate cuts.
Wells Fargo Adjusts Ratings for Hotel REITs
Wells Fargo adjusted ratings and price targets for several hotel stocks, upgrading some while cutting price targets for others.
Hotel Worker Strikes Resume in Boston
About 400 workers at four Boston hotels began a three-day strike on Thursday. They're seeking higher wages and staffing levels.
CitizenM Opens Its Second Boston Property
citizenM has opened its second Boston property, citizenM Boston Back Bay, a 15-story hotel with 399 guestrooms, curated artwork, and a rooftop bar, making it the company's largest hotel within the Lyrik development.
Hotel Construction in Los Angeles Declines
Hotel construction in Los Angeles has significantly declined, with many projects facing foreclosure or bankruptcy, and financing difficulties limiting new developments.
Aman Has a Global Wellness Advisor
Top-end brand Aman has a new global wellness ambassador, and they don't settle for second rate. Meet tennis superstar Novak Djokovic.
U.S. Hotel RevPAR Goes Up
STR reported U.S. lodging data for the week ending August 31, showing a 3.6% rise in RevPAR, with ADR up 1.6% and occupancy up 1.9%. Group RevPAR increased 7.2% on a 7.1% occupancy boost.