Pebblebrook Hotel Trust completed the sale of the 115-room Chamberlain West Hollywood Hotel in Los Angeles. Plus, more hotel deal and development news.
BofA Securities says the lodging sector beat Q1 earnings by about 5% on average, but high expectations muted investor reactions. Plus, more hotel deal and development news.
Hyatt, Wyndham, and Choice Hotels reported earnings. Hyatt saw great strength in Europe thanks to the Olympics and in China, too. Wyndham become more optimistic about the year. Choice struggled. Plus, more hotel deal and development news.
Orlando World Center Marriott completed a renovation of its Grand Ballroom spanning more than 36,000 square feet of event space. Plus, more hotel deal and development news.
Minor Hotels is to launch its first ever The Wolseley Hotels property in New York in 2027, with Dubai earmarked for its second location. Plus, more hotel development news.
New hotel openings include Hilton's Slackline Moab, Hyatt Place Bozeman and Sonesta's Dry Creek Inn; Shamin breaks ground on 270-room Virginia project.