Mandarin Oriental Hotel Group is set to go private as the controlling shareholder, Jardine Matheson, is in the process of acquiring the remaining 11.96%. Plus more hotel deal news.
Hilton announced it has reached the milestone of 9,000 hotels globally, representing nearly three openings per day since reaching 8,000 hotels just over a year ago.
The DJIA rose 49 points while the Nasdaq set yet another record, up 208, while the S&P 500 rose 31 points. The 10-year treasury yield was down .03 to 4.03%. Lodging stocks were modestly higher.The Hospitality Asset…
Hotels across the U.S. are preparing for a potential drop in international visitors as a new $250 visa integrity fee is set to take effect on October 1, 2025. Plus more hotel deal and development news items.
The U.S. hotel industry experienced a modest decline in performance during July 2025, as reported by CoStar. Plus more hotel deal and development news items.
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.
Wyndham says it now has more than 720 hotels now operating across Europe, the Middle East, Eurasia, and Africa. Plus more hotel deals and development news.
Virgin Hotels has sold its 250-room hotel in Chicago to a firm specializing in converting properties into timeshare investments. Plus more hotel deals and development news.