North America
Regent Hotels Returns to the U.S.
The Regent Santa Monica Beach opened on October 1 as Regent's first U.S. hotel since IHG's 2018 acquisition, following a $150 million renovation.
Los Angeles
North America
Goldman Sachs Initiates Coverage with Buy Ratings on 3 Hotel Chains
Goldman Sachs is cautiously optimistic about the lodging sector, with Buy ratings on Hilton, Wyndham, and Marriott, while holding Neutral or Sell ratings on others, especially in the timeshare segment.
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
Hotel Construction in Los Angeles Declines
Hotel construction in Los Angeles has significantly declined, with many projects facing foreclosure or bankruptcy, and financing difficulties limiting new developments.
North America
IHG to Expand Lifestyle Luxury Portfolio
IHG Hotels & Resorts and Six Senses announced the signing of Six Senses Telluride, a luxury property with extensive amenities set to open in 2028 in North America's Mountain West Region.
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
Takeaways From Hotel Earnings Season
Key events included DiamondRock Hospitality's upgrade, Hyatt and Apple Hospitality lowering guidance, and IHG reporting strong new room signings despite challenges in China.
North America
San Francisco Area Hotel Production Dries Up
Hotel production in the San Francisco Bay Area has nearly stopped in 2024, with only two new openings and uncertain prospects for ongoing projects.
North America
Los Angeles’ Trio of Grafitti’d Hotel and Condo Towers Gets a Bidder
A stalking-horse buyer has offered $500 million for the abandoned Oceanwide Plaza in Downtown Los Angeles, which includes a partially built Park Hyatt hotel.
North America
Marriott and IHG Announce Openings and Renovations in Key U.S. Markets
Marriott unveils renovations at Courtyard by Marriott Nashville Downtown and new Palmetto Marriott Resort & Spa, while Kimpton celebrates the grand opening of its first hotel in Budapest.