Park Hotels and Resorts Inc.

a path through grass-covered dunes to the water
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

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

Park Hotels Beats First-Quarter Estimates 

Park Hotels exceeded adjusted EBITDA and AFFO estimates and raised their financial guidance, citing optimism in their group and leisure outlook, likely due to recently renovated properties.
Alan Woinski and Kim Woinski | 5 months ago
North America

NoMad Las Vegas Will Be Rebranded

NoMad's Las Vegas property will be left behind as new owner Hilton focuses on other properties currently – and in the future – of the brand.
Alan Woinski and Kim Woinski | 6 months ago
North America

CBRE’s 2024 U.S. Hotel Industry Outlook

CBRE anticipates continued growth in the U.S. hotel industry in 2024, with a 3% RevPAR increase driven by recovery in international travel and strong segments performance, amidst challenges of increasing operational costs and pressure on profit margins.
Alan Woinski and Kim Woinski | 7 months ago
billboard for a hotel including a picture of waffles
North America

Hampton by Hilton Unveils New Brand Identity

Hampton by Hilton announced a new North American prototype and the unveiling of a refreshed global brand identity, with key updates for both Hampton Inn and Hampton Inn & Suites.
Alan Woinski and Kim Woinski | 7 months ago
Interior of a hotel room with two beds
North America

Hilton to Acquire Graduate Hotels Brand

Hilton will acquire the Graduate Hotels brand for $210 million, which includes all rights to the Graduate brand worldwide, franchise agreements for all existing and signed pipeline Graduate Hotels, and future development and growth.
Alan Woinski and Kim Woinski | 7 months ago
North America

Lodging Stocks Rise on U.S. Fed Statement

The Fed Chief made it pretty clear there will be no interest rates lowered for some time and the markets seemed to like the certainty.
Alan Woinski and Kim Woinski | 7 months ago
North America

Global Hotel Construction Pipeline Sets a New Record

At the close of 2023, analysts state that the total global construction pipeline stands at 15,196 projects and 2,367,727 rooms, a 7% increase in projects and a 3% increase in rooms year-over-year.
Alan Woinski and Kim Woinski | 8 months ago