Sonder is almost able to file accurate financial statements on a quarterly basis. Getting to profitability will come after that. And other hotel deal and development news.
Hotel Equities has made a series of executive appointments across its operations, finance, and marketing teams. Plus, other hotel deal and development news.
Canada’s hotel industry reported its highest occupancy level since August 2019. Worldwide, RevPAR remains near all-time highs despite moderating growth rates. Plus more hotel deal news.
The Daily Lodging Report turned 30 years old today! Soho House reached an agreement with an investor group led by MCR and its Chairman and CEO Tyler Morse to take SHCO private at $9 a share.
Highside secured a $500 million financing package from affiliates of Apollo to expand Everhome Suites from Choice Hotels. Plus more hotel deal and development news.
The 1,921-room Hilton Union Square, the city’s largest hotel, and the 1,024-room Parc 55 are expected to be sold to an unidentified buyer. Plus more hotel and development news.