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North America
Wyndham Beats First-Quarter Expectations
Wyndham Hotels & Resorts’ first quarter results exceeded expectations, with stock buybacks increasing despite a hostile bid from Choice Hotels, maintaining a record growth pipeline for the 15th consecutive quarter. -
North America
NoMad Las Vegas Will Be Rebranded
NoMad’s Las Vegas property will be left behind as new owner Hilton focuses on other properties currently – and in the future – of the brand. -
North America
U.S. Shows Increase in Hotel Pipeline Activity
The Americas is the only region to show an increase in hotel construction and development activity in the first quarter of 2024, contrasting with declines or slower growth in Europe, Asia Pacific, and the Middle East and Africa. -
North America
Camino Real Plans Major Investments in 6 Mexico Properties
The Camino Real hotel chain plans to spend three billion pesos on remodeling and technology upgrades at its properties across several cities in Mexico. -
North America
Las Vegas Saw 20% Increase in Convention Attendees in 2023
Las Vegas saw a significant tourism and economic boost in 2023, highlighted by a surge in convention attendance, international visitors, and major events like the Las Vegas Grand Prix and the Super Bowl. -
North America
Hilton Taking Over NoMad Brand
Hilton acquires a majority stake in Sydell Group to globally expand the NoMad Hotels brand, with plans for up to 100 properties and integration into Hilton’s commercial platforms, while NoMad Las Vegas will rebrand, addressing Hilton’s gap in the luxury market. -
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
Choice Hotels Addresses Failed Wyndham Merger
Choice Hotels commented on their Wyndham hostile takeover implosion and said it was challenged by a ‘difficult’ administration and a regulatory body that Choice said was ignorant of hotel industry pricing structures, among other reasons. -
North America
MGM Collection with Marriott Bonvoy Launches
MGM Collection with Marriott Bonvoy, the brand created by MGM Resorts International and Marriott International, is now accepting reservations for 16 hotel and resort destinations on Marriott’s website and app. -
North America
Host Hotels and Pebblebrook Report Earnings
The earnings season for hotel companies kicked into high gear with Host Hotels and Pebblebrook becoming the first REITs to show their hand.