Ashford Hospitality Trust said it sold four hotels and agreed to sell two others, projecting more than $60 million in future capital expenditure savings. Plus, hotel development news.
JLL brokers a hotel sale. Analysts debate whether Choice Hotels CEO Patrick Pacious was pushed out, as Airbnb adds boutique hotels to its platform. 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.
A strong first quarter for most hotel groups. AHLA released its FIFA World Cup hotel outlook as Marriott, Hilton, and Wyndham report solid early bookings despite concerns. 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.
Marriott launched Series by Marriott in the U.S. with a Santa Barbara conversion and signed 11 European hotel projects. 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.