Andaz

North America

Wyndham Orlando Resort Likely to Close

The Wyndham Orlando Resort on International Drive is set to close on April 30, with potential plans for partial preservation and redevelopment by owner Unicorp National Developments Inc.
North America

U.S. Shows Increase in Hotel Pipeline Activity

The Americas is the only region to show an increase in hotel construction and development activity in the first quarter of 2024, contrasting with declines or slower growth in Europe, Asia Pacific, and the Middle East and Africa.
North America

Blackwells Withdraws Offer to Purchase Braemar Hotels

Blackwells Capital attempted to buy Braemar Hotels & Resorts, failed, and is now trying to elect four directors to BHR’s board despite owning a minimal amount of shares, facing opposition and legal action from BHR.
North America

Rosewood Talks Its Global Pipeline

The Rosewood Hotel Group is set to expand its global presence and enhance its portfolio, which currently includes 48 properties across 23 countries, with new openings in Europe, Asia Pacific, the Middle East, and the Americas, alongside growing its residential business.
North America

Lodging Stocks Rise on U.S. Fed Statement

The Fed Chief made it pretty clear there will be no interest rates lowered for some time and the markets seemed to like the certainty.
North America

Host Hotels and Pebblebrook Report Earnings

The earnings season for hotel companies kicked into high gear with Host Hotels and Pebblebrook becoming the first REITs to show their hand.
North America

Hilton and Marriott’s Banner 2023

Hilton said they ended 2023 with the strongest development quarter in its history while Marriott International, Inc. announced the company’s record year of global signings with 52% more organic rooms signed in 2023 than the previous year.
North America

Hyatt Unveils Luxury Development Pipeline

Citigroup downgraded Sonder Holdings from Buy to Neutral, with a new price target set at $4.Choice Hotels criticized Wyndham Hotels & Resorts for misrepresenting the lodging industry’s competitive landscape. This criticism came after Wyndham’s recommendation for shareholders to reject CHH’s exchange offer and their discontinuation of discussions regarding a potential transaction with CHH. Hyatt announced plans to open over 35 luxury hotels and resorts globally through 2025, including new Park Hyatt locations in the UK, Mexico, and Malaysia, and expanding the Thompson Hotel brand in Europe.
Asia-Pacific

China Sees RevPAR Surge 54% Year-Over-Year

STR reported a 54.2% increase in China’s hotel RevPAR compared to last year, with Jakarta hotels reaching record occupancy and RevPAR levels, boosted by events like a Coldplay concert. Accor announced the opening of five new properties in Asia, along with the first Movenpick by Accor destination in Qingdao, China, as part of a strategic alliance with Sunmei Group, planning over 400 new properties across China. IHG, Radisson, and Wyndham announced new hotel openings in Amritsar, Surat, Goa, and Cebu, with IHG’s voco Amritsar Airport and Radisson’s Uday Palace Navsari targeting diverse locations.
North America

Hyatt Plans to Double Canadian Footprint by 2026

The DJIA jumped 490 points while Nasdaq surged 327. The S&P 500 rose 84 points and the 10-year treasury yield was down .19 to 4.44%, all on a low inflation report. HLT and HT hit new highs while…