Asia-Pacific
Oberoi Family Fight Hasn't Stopped Hotel Growth
EIH Ltd plans to build new hotels in Pune and London, while facing a legal family dispute over the company.
London
North America
Jefferies Reports Lodging Stocks Show Improvement
Jefferies notes that lodging stocks tied to moderate to lower-end brands are outperforming due to economic stability, while higher-end brands are underperforming amid slower leisure travel and delayed interest rate cuts.
North America
Roosevelt Hotel Privatization Decision Delayed Again
The Privatization Commission board of Pakistan could not decide on the mode of privatizing the Roosevelt Hotel in New York, with members divided between leasing it for 99 years or developing it through a joint venture.
North America
Club Med Rolls Out Developments Across its Portfolio
Club Med announced renovations at its Cancun and Punta Cana resorts and plans for a new luxury resort in Oman opening in 2028.
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.
North America
Hyatt Regency Orlando Could be Sold for $1 Billion
Hyatt is set to sell the Hyatt Regency Orlando for approximately $1.02 billion to Ares and RIDA Development, with Hyatt retaining a preferred equity interest and a 30-year management agreement.
North America
Lodging Stocks Follow Rest of the Market Down
Financial markets plunged with major indices and lodging stocks down sharply, except for SHCO which rose 6%.
North America
RLJ, Xenia, DiamondRock, and Chatham Report Earnings
Quarterly reports were mostly positive, but the week ended on a down note as hospitality stocks were down across the board.
North America
Pebblebrook Boosts EBITDA Outlook
Pebblebrook Hotel Trust increased their 2024 EBITDA and AFFO outlook despite reducing their RevPAR outlook, anticipating a stronger 2025.
Timeshare and Casino Earnings Spook Investors
Investors are concerned as Travel + Leisure Co. and Red Rock Resorts reported modest or solid earnings but saw stock declines, reflecting nervousness and a shoot-first-ask-later mentality on Wall Street.