Istanbul

North America

Hotel Transactions in the U.S. Are Projected to Increase

A report from last week's Lodging Conference points to a surge in hotel transactions due to maturing loans, growing construction, and renovation projects, despite labor challenges and softening RevPAR trends.
North America

Blackstone and AAHOA Invest in M3 Hotel Software

M3, LLC has secured a majority investment from Blackstone Growth, with AAHOA also investing, to accelerate its growth and expand its hotel management software.
Asia-Pacific

Chiang Mai Tourism Bounces Back

China hotel RevPAR in the week ending June 10th: Up 66.7% YoY, down 2.6% compared to 2019. Chiang Mai 's tourism industry recovering with increased hotel occupancy rates and visitor numbers. New developments in the hospitality industry: Ritz-Carlton Reserve opens in Jiuzhaigou , Bookmark Resorts announces first wellbeing resort, and Karl Lagerfeld hotel in Malaysia .
North America

Marriott's Stellar Quarter and Optimistic Outlook

Marriott International followed up Hilton’s solid 4Q earnings report with one of their own, easily beating estimates on solid 4.6% RevPAR growth. 21c Museum Hotels will open its tenth hotel this spring, a 10-story lodging in St. Louis, Missouri.  Marriott was up $6.90 a share, Hyatt was up $4.73, Hilton was up $2.38 and Airbnb is currently surging double digits in after hours trading on their earnings report
North America

Hotel Asset Sales Pick Up

Jefferies said the looming recession and stabilizing credit market could be positive for the prospects of timeshare, but with a harder landing not off the table, they see stocks trading at rich valuations. Truist said with earnings season about to kick into gear for the lodging sector, they continue to see macro over micro. Park Hotels and Resorts Inc. closed on the sale of the 508-room Hilton Miami Airport , located in Miami, Florida , for $118.25 million.
North America

Choice Completes Acquisition of Radisson Hotels Americas

Choice Hotels International, Inc. has completed the acquisition of the franchise business, operations and intellectual property of Radisson Hotels Americas. Selina filed with the U.S. Securities and Exchange Commission a registration statement on Form F-4, in connection with its previously announced proposed business combination with BOA Acquisition Corp. The Gulf Coast’s first beachfront Hyatt Place hotel is now open in Panama City Beach.