Hyatt to open Miraval Red Sea in Q1 2026, expand Park Hyatt to five locations, and rebrand Andaz Mayakoba as Alila in Feb 2026. Plus, more hotel development news.
For the full year, Choice cut its projection for U.S. RevPAR to decline by between -2% and -3%, worse than a previous range of between 0% and -3%. Plus, more hotel deal and development news.
Japan's Seibu Holdings will buy Ace Group International for $90M, acquiring the Ace Hotel brand and creative agency Atelier Ace. Plus more hotel deal and development news items.
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…
Mandarin Oriental has confirmed that it will no longer proceed with the management of the San Clemente Palace, Venice, under the previously announced agreement. Plus, more deal and development news.
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.
International expansion is gaining ground at Choice, with full control in Canada and rising overseas openings. Plus more hotel deals and development news.