Quebec

Chatham Lodging Trust is acquiring six Hilton-branded hotels in Missouri, Illinois, and Kentucky. Plus, more hotel deal and development news.

Hilton removed a Minnesota Hampton Inn from its system after videos showed the franchise refusing bookings from DHS and ICE agents. Plus, hotel deal and development news.

The 508-room Marriott in Stamford, Connecticut, was purchased for $15 million, less than the $31 million when it last traded in 2018. Plus, more hotel deal news.

Newbond Holdings and Conversant Capital have closed on the purchase of the Parc 55 and Hilton San Francisco Union Square for $408 million. Plus, more hotel deal news.

W New York Union Square reopened following a $100 million re-imagination of its 256 rooms and facilities. Plus other hotel deal and development news.

Late last week, hotel REITs in the U.S. released an avalanche of earnings and investors were in a good mood again.

In 2024, Hilton achieved 7.3% net unit growth by adding nearly 1,000 hotels and strengthening its global pipeline, while expanding its brand portfolio with new lifestyle and luxury offerings worldwide.

Hilton is expanding on Maui with a new Hampton Inn & Suites opening in April and the conversion of Maui Seaside Hotel into a Tapestry Collection by 2026.

Hyatt’s stock dropped over 6% after the company lowered its growth outlook, adjusted EBITDA, and free cash flow guidance for 2024.

A proposed bill in New York City aims to ban nonunion hotels from outsourcing key functions, potentially disrupting hotels that subcontract consumer-facing work to firms that pay employees lower wages for tasks like housekeeping and security.