St. Regis

North America

Marriott and Choice Report Q3 Earnings

Choice Hotels’ Q3 results led to a stock uptick, while Marriott’s mixed report and lower Q4 guidance saw its shares decline despite share buybacks and a new cost-cutting plan.
North America

Waldorf-Astoria to Open Residences in Colorado

PMG and Hilton are developing the Waldorf Astoria Residences in Denver Cherry Creek, introducing the luxury brand to Colorado with 37 high-end residences and exclusive amenities managed by Hilton.
North America

Amex GBT Releases Forecast for Global Hotel Industry

American Express Global Business Travel predicts sustainability, personalized experiences, technology, and flexible pricing will reshape the hotel industry by 2025.
Asia-Pacific

Marriott Opens a Second St. Regis in Shanghai

Marriott's St. Regis brand has opened its 60th global property, The St. Regis on the Bund, Shanghai, offering luxury accommodations, butler service, and multiple dining and wellness amenities.
North America

Service Properties Trust Shares Plunge

Service Properties Trust is reducing its dividend, selling 114 hotels to repay debt and save on capital expenditures, and will continue owning 34% of Sonesta while selling other properties.
North America

OYO to Buy Motel 6 from Blackstone for $525 Million

OYO is acquiring G6 Hospitality from Blackstone for $525 million, adding 1,500 U.S. and Canadian locations while keeping Motel 6 and Studio 6 brands independent.
North America

U.S. Hotel RevPAR Goes Up

STR reported U.S. lodging data for the week ending August 31, showing a 3.6% rise in RevPAR, with ADR up 1.6% and occupancy up 1.9%. Group RevPAR increased 7.2% on a 7.1% occupancy boost.
North America

Marriott Drops Sonder a Lifeline

Marriott International has entered a long-term licensing agreement with Sonder Holdings to add over 9,000 rooms to its portfolio under a new "Sonder by Marriott Bonvoy" collection, contributing to a projected 2024 net room growth of 6-6.5%.
North America

Stable Hotel Supply Growth Through 2026

Truist reported that Lodging Econometrics expects steady hotel supply growth rates through 2026, supporting Ryman Hospitality with minimal new competition in large convention hotels.
North America

Wyndham and Accor Post Earnings Updates

Wyndham showed strong performance through expense containment and share repurchases, and Accor increased RevPAR, net unit growth, and EBITDA.