Driftwood Capital

North America

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.

Alan Woinski and Kim Woinski | 1 week ago

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 | 1 month ago

North America

CitizenM Pitches its Co-Working Benefits

CitizenM is expanding its membership program to offer co-working benefits, including inspiring spaces, premium amenities, and access to 34 global locations.

Alan Woinski and Kim Woinski | 3 months ago

North America

Lodging Stocks Rise With the Broader Market

The U.S. stock market rose again today and most lodging stocks came along for the ride upward.

Alan Woinski and Kim Woinski | 3 months ago

North America

IHG Expands Portfolio in Mexico

IHG Hotels & Resorts is significantly expanding its luxury and lifestyle portfolio in Mexico, Latin America, and the Caribbean, with multiple new openings planned through 2027, including properties from its Six Senses, InterContinental, Kimpton, Vignette Collection, and Hotel Indigo brands.

Alan Woinski and Kim Woinski | 4 months ago

North America

Archipelago Expands Across Mexico and the DR

Archipelago International opened its first office in the Dominican Republic and signed multiple hotel management agreements in the DR and Mexico, adding numerous new properties.

Alan Woinski and Kim Woinski | 4 months ago

North America

Disney Vacation Club's New Island Tower

Disney's Island Tower at Polynesian Villas & Bungalows, opening December 2024, says it will be an eco-friendly addition to Walt Disney World.

Alan Woinski and Kim Woinski | 4 months ago

North America

Marriott Vacations Beats First-Quarter Estimates

Marriott Vacations exceeded first quarter 2024 expectations, with steady EBITDA performance and a large share buyback, despite underwhelming results in its core Vacation Ownership segment.

Alan Woinski and Kim Woinski | 5 months ago

North America

U.S. RevPAR Declines for First Time in 3 Years

Thanks to the shift in Easter in 2024 from March to April, RevPAR was down as a whole – but not in the top 25 markets in the U.S.

Alan Woinski and Kim Woinski | 5 months ago

North America

Barclays Previews First Quarter Results for Hotel Groups

Barclays previewed the first quarter for the lodging sector, suggesting mixed RevPAR results due to the March Easter shift, but maintaining expectations for in-line EBITDA among large caps, while adjusting target prices for major hotel brands including Marriott, Hilton, Hyatt, Wyndham, and Choice Hotels.

Alan Woinski and Kim Woinski | 5 months ago