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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
Choice Hotels Addresses Failed Wyndham Merger
Choice Hotels commented on their Wyndham hostile takeover implosion and said it was challenged by a ‘difficult’ administration and a regulatory body that Choice said was ignorant of hotel industry pricing structures, among other reasons. -
North America
Choice Hotels Ends Bid to Acquire Wyndham
The market liked this conclusion: both companies’ stock prices rose, with Choice Hotels up 6% and Wyndham Hotels 2%, indicating investor relief – or strategic reassessment. -
North America
Barclays Forecasts Optimistic Outlook for 2024
Barclays updated their U.S. lodging REIT estimates ahead of the onslaught of expected conservative earnings that are coming. -
North America
Wyndham and Hyatt Earnings Tripped Up in New Ways
Wyndham had their typical quarter, but WH did say fighting off CHH is going to cost them about $75 million, while Hyatt gave a late-night press release that stated their 4Q results would be delayed because they have not finalized accounting relating to ALG’s Unlimited Vacation Club. -
North America
MCR Refinances Its Hotel Portfolio
MCR has refinanced a 16-hotel portfolio for $333 million, generating $51 million of net proceeds. In less than three years, MCR doubled the portfolio’s new operating income, increasing it from $15 million at acquisition to $36 million. -
North America
Extended Stay America Announces 20% Growth in Its Franchise Portfolio
Extended Stay America announced its growth outlook through franchising, following the momentum from a strong year of milestones, including 20% growth of its franchise portfolio across its family of brands. -
North America
Truist Has Its Own Ideas About Choice’s Designs on Wyndham
Truist met with Wyndham and Choice franchisees who had strong opinions about the merger and broad frustrations about brand costs and property valuation in limited service today. -
North America
Marriott to Expand Apartments by Marriott Bonvoy
Marriott International, Inc. announced plans to further expand its new Apartments by Marriott Bonvoy brand offering with signed agreements in the United States, Italy, and the Kingdom of Saudi Arabia. -
North America
U.S. Hotels See Best Rates and Occupancy Since 2019
The DJIA ended Friday with a gain of 395 points, while NASDAQ was up 255, the S&P 500 rose 59 points and the 10-year treasury yield ticked up a little to 4.15%. Lodging stocks were mostly…