Cronheim Hotel Capital

North America

Hotel Rates in Top U.S. Markets Outpace Inflation

Hotel rates in the top U.S. markets have risen significantly, with higher-end hotels raising prices the most, affecting travelers' choices on destinations and trip duration.
Alan Woinski and Kim Woinski | 1 week ago
Exterior of a red brick hotel with a man walking along a sidewalk
North America

U.S. Hotel Performance May Be Down But RevPAR Is Still Up

CBRE has lowered its U.S. hotel performance forecast for 2024 due to weakening leisure travel and corporate profits but still expects RevPAR growth driven by international tourism and election-related events.
Alan Woinski and Kim Woinski | 2 months ago
view of the top floors of hotel with a Hilton logo lighting the night
North America

Hilton Beats Estimates

Hilton beat estimates and cut guidance, and seemed to have a report that was accepted more than Marriott ’s.  The company has raised their net room growth target for the year and it repurchased shares this quarter.
Alan Woinski and Kim Woinski | 2 months ago
North America

New York City Targets Hotel Labor Sub-Contracting

A proposed bill in New York City aims to ban nonunion hotels from outsourcing key functions, potentially disrupting hotels that subcontract consumer-facing work to firms that pay employees lower wages for tasks like housekeeping and security.
Alan Woinski and Kim Woinski | 2 months ago
North America

Las Vegas’ Mirage Hotel and Casino to Close

Hard Rock International will cease operations of The Mirage Hotel & Casino to begin transforming the venue into the Hard Rock Hotel & Casino and Guitar Hotel Las Vegas. The new resort will feature a guitar-shaped hotel nearly 700 feet in height.
Alan Woinski and Kim Woinski | 5 months ago
North America

Club Med Says It’s Hit a Milestone

Club Med released new data showing the company has reached a fresh milestone by achieving more than $2 billion in international business volume for the first time ever.
Alan Woinski and Kim Woinski | 7 months ago
Aerial view of Vancouver's skyline.
North America

Vancouver Leads Canada’s Hotel Boom

Canada is seeing a surge of hotel construction in major cities, with Vancouver leading the way in new building applications. It is now seen as the most attractive bet by analysts because it leads the way in hotel profits and occupancy, which was almost 80% in October.
Alan Woinski and Kim Woinski | 8 months ago
North America

Hilton Grand Vacations Completes Acquisition of Bluegreen Vacations

Hilton Grand Vacations Inc. completed the previously disclosed acquisition of Bluegreen Vacations. The transaction broadens HGV’s offerings, customer reach, and sales locations, creating a premier vacation ownership, and experiences company.
Alan Woinski and Kim Woinski | 9 months ago