Indianapolis

North America

Dolly Parton Confirms Plans for Nashville Hotel

Dolly Parton has announced plans for a downtown Nashville hotel called Songteller Hotel, along with a museum showcasing her fashion and career artifacts.
North America

Hilton Grand Vacations Completes Acquisition of Bluegreen Vacations

Hilton Grand Vacations Inc. completed the previously disclosed acquisition of Bluegreen Vacations. The transaction broadens HGV’s offerings, customer reach, and sales locations, creating a premier vacation ownership, and experiences company.
North America

Hilton Unveils Plans for Luxury Hotels in 2024

Wells Fargo downgraded Sunstone Hotels and revised DiamondRock Hospitality and Apple Hospitality’s ratings. According to the National Travel and Tourism Office, international visitors to the U.S. in October 2023 spent $18.9 billion, marking a 23% increase from the previous year. In 2024, Hilton’s luxury portfolio, inclusive of Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts and LXR Hotels & Resorts will announce offerings that will provide guests with new brand signatures.
North America

Wyndham Wants No Part of Choice’s Hostile Takeover Bid

Short of taking out a billboard or skywriting, we have no idea how much more  Wyndham Hotels & Resorts  can do to tell  Choice Hotels to go away on its bid. With the Fed expected to be done with its interest rate hike cycle, we expect the attention will turn to the Lodging REITs shortly. Marriott International’s Aloft Hotels  said  Aloft Lake Nona  announced its December opening in the Lake Nona community of Orlando, Florida.
North America

New York City Hotel Bookings Boom After Short-Term Rental Crackdown

CNBC discusses the repercussions of New York City’s crackdown on Airbnb, suggesting that hotels will benefit from higher prices during the holiday season due to Airbnb’s cancellation of bookings after December 1. Legacy Development & Management acquired the Albuquerque Marriott Pyramid North and plans a $22 million, two-year renovation, including room upgrades, new amenities, and exterior improvements. Various new hotel development projects are underway, including a Marriott Westin at the Indianapolis International Airport, a Hilton-branded hotel in Decatur, Georgia, a Four Seasons Hotel & Residences in Jacksonville, Florida, and a $2 billion theme park called American Heartland in Vinita, Oklahoma.
North America

The Sortis Acquisition of Ace Hotel Is Ongoing Saga

DJIA fell 169 points in August; Nasdaq rose 16; S&P 500 down 7. Travel intent increases: 21.8% plan foreign trips, 45.9% plan vacations. Hotel developments: New AC Hotel in Lansing, Sheraton San Diego rebranded as Sheraton Resort & Marina, TRS Coral Hotel added to Wyndham’s Registry Collection. Upcoming: Highgate manages Hilton Garden Inn Kauai, IHG’s Atwell Suites in Henderson and Fort Worth, proposed dual-tower project near Austin Convention Center.
North America

Omni Hotels Rolls out a New Identity

Xenia Hotels & Resorts reported an in-line to a modest miss result and narrowed guidance. They repurchased common stock in the quarter. Chatham Lodging Trust had a 5% increase in RevPAR year over year and a 5% AFFO rise, with RevPAR down less than -2% from 2019. Several hotels announced new openings, acquisitions, and rebranding, including Omni Hotels & Resorts , Sonesta , Braintree Group , Elise Capital , Hyatt Hotels Corporation , and DiamondRock Hospitality Company .
North America

Choice Merger With Radisson Americas Is on Track

Choice Hotels to integrate nearly 600 Radisson Americas hotels onto its reservation delivery engine and loyalty program. Dauntless Capital Partners purchases Hilton Garden Inn Bethesda Downtown for immediate renovation. Excel Hotel Group plans to build a 130-room SpringHill Suites Hotel in Grover Beach, California.