North America
Hyatt’s New Las Vegas Deals
Hyatt improves on the value of its World of Hyatt loyalty program with the addition of two iconic Las Vegas properties.
G6 Hospitality LLC
North America
Skyline Investments Sells Courtyard Hotels Across the U.S.
Skyline Investments sold 11 Courtyard by Marriott hotels in the U.S. for $101 million, retaining ownership of three other Courtyard properties, which are up for sale.
North America
Sonesta to Reflag Two Properties to The James Brand
Lodging stocks were mixed but the biggest movers were to the upside. VCSA and SLNA both rose 6% on the day.
The Baird/STR Hotel Stock Index fell -10% in December. That put all of 2022 down -15% from 2021. The Hotel Brand sub-index was down -9.2% in December from November while the Hotel REIT sub-index was down -12.8%
Sonesta International Hotels Corporation announced the expansion of its global development strategy to include The James brand as part of the Sonesta Franchise portfolio in the U.S. and in Latin America.