Houston

North America

Aimbridge Sues Avion Hospitality For Interfering in Contracts

Aimbridge Hospitality sued Avion Hospitality and its CEO, Robert Burg, for allegedly using confidential information to interfere with its management contracts, resulting in tens of millions in lost revenue.
Alan Woinski and Kim Woinski | 5 months ago
North America

State of Global Tourism, According to the UN

International tourism nearly reached pre-pandemic levels in early 2024, with notable growth in the Middle East, Europe, and Africa, and a full recovery projected for the year.
Alan Woinski and Kim Woinski | 6 months ago
North America

Las Vegas’ Mirage Hotel and Casino to Close

Hard Rock International will cease operations of The Mirage Hotel & Casino to begin transforming the venue into the Hard Rock Hotel & Casino and Guitar Hotel Las Vegas. The new resort will feature a guitar-shaped hotel nearly 700 feet in height.
Alan Woinski and Kim Woinski | 6 months ago
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.
Alan Woinski and Kim Woinski | 7 months ago
Exterior of a five-story hotel
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.
Alan Woinski and Kim Woinski | 8 months ago
interior of a light-filled hotel room
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.
Alan Woinski and Kim Woinski | 9 months ago
a patio with a couch and chairs.
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.
Alan Woinski and Kim Woinski | 9 months ago
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.
Alan Woinski and Kim Woinski | 10 months ago