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North America
Pebblebrook, Hilton and Travel + Leisure All Beat First-Quarter Estimates
During the hotel group’s earnings season, Hilton’s report stood out as the most impressive – despite showing slowing RevPAR growth – due to strong performance in Net Unit Growth and EBITDA flow through. -
North America
Hihotels by Hospitality International Expands Portfolio
Hospitality International’s hihotels brand has added eight new properties across five states, encompassing a mix of acquisitions and new constructions. -
North America
MCR Looks to Miami Hotels
MCR plans to build two eight-story hotels with a total of 400 rooms and additional parking facilities next to the Hilton Miami Airport Blue Lagoon. -
North America
CitizenM’s Potential Sale Highlights Value in Boutique Sector
The owners of the CitizenM hotel chain, valued at 2 billion euros five years ago and now expected to double in sale price, are considering selling the rapidly expanded brand with over 40 global locations. -
North America
A&O to Invest €500 Million in Hostels
Europe hostel chain A&O is set to invest €500 million to aid its expansion across Europe. The company is seeking to expand its presence in European city centers. -
North America
Choice Hotels Ends Bid to Acquire Wyndham
The market liked this conclusion: both companies’ stock prices rose, with Choice Hotels up 6% and Wyndham Hotels 2%, indicating investor relief – or strategic reassessment. -
North America
Lodging Stocks Rise on U.S. Fed Statement
The Fed Chief made it pretty clear there will be no interest rates lowered for some time and the markets seemed to like the certainty. -
North America
Choice Hotels Tries Another Time With Wyndham
Choice Hotels issued a press release urging Wyndham stockholders to tender their shares before the March 8 deadline. We would characterize the press release as of begging WH shareholders to threaten they will pull the plug. -
North America
Hilton’s Loyalty/Glamping Move
Hilton announced a new exclusive partnership with AutoCamp to offer Hilton guests an experience that blends the spirit of an iconic outdoor adventure with the hospitality and design-forward thinking of a boutique hotel. -
North America
Canadian Deal Flow Booms Despite Lower Occupancy
Canada’s hotel industry showed lower occupancy but continued growth in ADR, according to CoStar’s January 2024 data.