Buffalo

North America

Blackwells Withdraws Offer to Purchase Braemar Hotels

Blackwells Capital attempted to buy Braemar Hotels & Resorts, failed, and is now trying to elect four directors to BHR’s board despite owning a minimal amount of shares, facing opposition and legal action from BHR.
North America

Hilton’s Loyalty/Glamping Move

Hilton announced a new exclusive partnership with AutoCamp to offer Hilton guests an experience that blends the spirit of an iconic outdoor adventure with the hospitality and design-forward thinking of a boutique hotel.
North America

Global Hotel Rate Bubble Watch

A new report for 2023 shows 85% of markets with RevPAR higher than 2019. In terms of top-line performance, that means most markets have recovered from the significant declines caused by the pandemic.
North America

B of A Securities Increases Target Price on Marriott 

DJIA and Nasdaq dropped significantly, 10-year yield surged, and lodging stocks declined. U.S. hotel industry saw lower occupancy but improved year-over-year comparisons. Peachtree Group announced multiple hotel acquisitions and new development projects, while other hotels are under renovation and expansion.