Phoenix

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.

Alan Woinski and Kim Woinski | 2 weeks ago

North America

Large Hotel Transactions Are on the Rise

JLL reports a significant rise in large hotel transactions, particularly in luxury markets, with 2024 seeing a 59% increase in single-asset deals over $200 million, totaling $4 billion.

Alan Woinski and Kim Woinski | 3 weeks ago

North America

U.S. Hotel Industry Reports a Largely Flat July Performance

In July 2024, the U.S. hotel industry saw flat year-over-year performance, with Oahu Island leading in key metrics, while Phoenix and New Orleans had the lowest occupancy rates.

Alan Woinski and Kim Woinski | 4 weeks ago

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.

Alan Woinski and Kim Woinski | 1 month ago

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.

Alan Woinski and Kim Woinski | 1 month ago

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.

Alan Woinski and Kim Woinski | 2 months ago

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.

Alan Woinski and Kim Woinski | 2 months ago

North America

San Francisco’s 2 Largest Hotels Lose More Than $1 Billion in Value

San Francisco’s two largest hotels have lost over $1 billion in value, now worth $553.8 million, prompting a downgrade in bond ratings and a rush to sell before foreclosure.

Alan Woinski and Kim Woinski | 3 months ago

North America

Hilton Lays out Plans to Expand in Caribbean and Latin America

Hilton plans to exceed 300 hotels in the Caribbean and Latin America within three years, expanding its presence significantly in countries like Argentina, Peru, Colombia, Costa Rica, Mexico, the Dominican Republic, and Brazil, while introducing new brands and entering new markets.

Alan Woinski and Kim Woinski | 3 months ago

North America

Four Seasons Hotel New York to Reopen

Four Seasons' long drama with Ty Warner may finally be coming to an end.

Alan Woinski and Kim Woinski | 3 months ago