Playa Hotels & Resorts

North America

Wyndham Deal Expands its All-Inclusive Options

Wyndham Hotels and Decameron have formed an alliance to expand all-inclusive offerings with nine new resorts in Mexico, Panama, and Jamaica, with some joining the Trademark Collection and others joining the Ramada brand.
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.
North America

U.S. Shows Increase in Hotel Pipeline Activity

The Americas is the only region to show an increase in hotel construction and development activity in the first quarter of 2024, contrasting with declines or slower growth in Europe, Asia Pacific, and the Middle East and Africa.
North America

Marriott Vacations’ New Timeshares Collection

Marriott Vacations Worldwide introduced The Marriott Vacation Clubs City Collection, featuring branded properties in seven cities with plans for expansion to other urban areas, including the addition of two Westin Vacation Club properties.
North America

Choice Hotels Disputes Wyndham’s Claims

Choice Hotels International issued an investor presentation that they said disputed the false and misleading antitrust claims made by Wyndham Hotels & Resorts in connection with CHH’s attempt to acquire WH.
North America

Major Brands Acquiring Key Properties

Apple Hospitality REIT declared a regular monthly cash dividend and a special distribution. Bluegreen Vacation Holdings’ acquisition by Hilton Grand Vacations moved forward with the expiration of the waiting period under the Hart-Scott-Rodino Act. Several new hotel openings and acquisitions were announced, including AC Hotels by Marriott in Naples, Moxy by Marriott in Houston, IHG’s first Garner hotel, and Choice Hotels International’s 100th Suburban Studios hotel.
North America

Dolly Parton Could Open a Nashville Hotel 

Truist reports that lodging companies aren’t experiencing recession-driven demand declines, with strong group and individual business but weak domestic leisure. Dolly Parton may be venturing into Nashville’s hotel market with a $75 million building acquisition, and Toftrees Golf Resort in Pennsylvania announces a $50 million renovation. A new $175 million development in Mishawaka, Indiana, includes apartments, townhomes, and a 125-room hotel.