David Eisen - 10 Minutes News for Hoteliers - Page 2

3 min

Madrid Hotel Occupancy and Air Bookings Surge Amid Shakira's Residency and Spanish Grand Prix Events in September

🏁 Madrid, September 2026: The Spanish Grand Prix (Sept 9-13) and Shakira's residency (Sept 18-Oct 11) boost hotel industry. Domestic air bookings rise by 28%, international by 4%. Hotel occupancy peaks at 52% on Sept 13 with ADR at $411. Domestic bookings surge 35%, international 5%. Barcelona sees a 128% increase in bookings to Madrid. Japan leads international arrivals with an 80% increase. Medium-length stays (6-13 nights) dominate, constituting 39% of bookings.

4 min

Jason Kreul Named COO of Remington Hospitality, Oversees Over 120 Hotels in U.S. and Caribbean

💼 Jason Kreul, COO of Remington Hospitality, ascended from dishwasher to COO, influenced by his father's legacy in hospitality. Remington manages over 120 hotels in the U.S. and four Caribbean and Latin American countries. Kreul's journey includes roles at First Hospitality and Highgate, becoming Marriott’s Global GM of the Year at 33. He emphasizes teamwork, organization, and transparency in leadership development. Kreul encourages aspiring hoteliers to be proactive and engaged for success.

4 min

David Pepper Celebrates 25 Years at Choice Hotels, Transforming Franchise Development and Building Strong Industry Culture

🏨 David Pepper, a Tufts University graduate, began his career at Holiday Inn in the early 1990s, expanding franchise sales in Latin America during the NAFTA era. By 2002, he joined Choice Hotels International, becoming Chief Development Officer by 2015. Pepper's tenure emphasizes market expansion, brand launches, and strategic acquisitions. As he approaches his 25th year with Choice, he credits a strong culture and franchisee relations for sustained success and remains focused on economic trends and market viability.

2 min

Kailas Companies Secures $120 Million for New Orleans Office-to-Hotel Conversion Featuring Fairmont and Element Brands

🏗️ Kailas Companies secured a $120 million bridge loan and preferred equity from Access Point Financial and TMGOC Ventures. The funds recapitalize a converted office building in downtown New Orleans into a dual-branded hotel: 250-key Fairmont by Accor and 216-key Element by Westin. The tower, originally built in 1970, was acquired in 2014 and construction started in January 2024. The site includes 150,000 sq. ft. of office space and is centrally located near key New Orleans landmarks.

2 min

Faena New York Wins Virtuoso's Best New Hotel Award at Las Vegas Global Awards Gala

🏨 Virtuoso named Faena New York as "Best New Hotel" at its gala in Las Vegas. Opened less than a year ago on West 18th Street by the High Line, it beat finalists like Hotel del Coronado and Park Hyatt Tokyo. The award honors hotels opened or renovated in the last 12 months. Faena Group plans expansions in Tulum, São Paulo, Dubai, and Saudi Arabia. Faena Miami Beach was lauded as Miami's top luxury hotel by HOTELS Magazine.

8 min

Hotel Franchise Fees Range from 9.6% to 12.9% of Room Revenue, According to 2025 HVS Report

🏨 Hotel franchisees pay around 12% of room revenue to franchisors. HVS reports 2025 franchise costs range from 9.6% for economy brands to 12.9% for high-end brands. Loyalty program costs rise, with Marriott Bonvoy reaching 295 million members by Q2 2026. Hilton's loyalty participation is 67%. Marriott reduced loyalty fees by 5%, while Hilton cut around 30 basis points since January. Franchise agreements are legally complex, typically favor franchisors, and are difficult to exit.

Evening view of a campus entrance with brick buildings on both sides and a sign reading Lantern at the gate.

4 min

Raines Opens The Lantern Columbia, a 59-Room Boutique Hotel with Inclusive Hiring, at Historic Fire Station in S.C.

🏨 In January 2026, Raines opened The Lantern Columbia, a 59-room boutique hotel in Columbia, S.C., repurposed from the historic Columbia Central Fire Station. This project, part of Raines' Woven division, emphasizes "intentional hospitality" by employing over 30% of staff with intellectual disabilities. Designed by Garvin Design Group, the hotel includes Ladder 13, a signature restaurant in the former engine bay, led by chef Kevin Johnson. The initiative also partners with the University of South Carolina for community engagement.

A large brick house with a warmly lit front entrance, surrounded by evergreen shrubs at dusk.

7 min

Kohler Co. Expands Beyond Plumbing with $7 Billion Revenue, Emphasizing Hospitality and Luxury Experiences

🚰 John Michael Kohler emigrated from Austria to the U.S. Midwest in the mid-19th century, settling in Sheboygan, Wisconsin. He transformed a water trough into a bathtub in 1883, shifting his company towards plumbing products. Kohler Co. later expanded under Herb Kohler (CEO in 1972) into a $7 billion diversified brand with hotels and golf courses, including Whistling Straits, host of the 2021 Ryder Cup. The Carriage House reopened in 2026 after a renovation.

3 min

Choice Hotels Reports 2.6% Global Net Rooms Growth but 21% Decline in Net Income for Q2 2026

💸 Global net rooms for Choice Hotels grew 2.6% in Q2 2026, driven by a 3.6% rise in extended stay, midscale, and upscale brands. U.S. room openings increased 27%, adding 6,400 rooms. RevPAR growth hit 1.3% in the U.S., 2.1% internationally. The U.S. conversion rooms pipeline expanded 24% to 24,100 rooms. Net income fell by 21% to $64 million, with total revenue rising 3.5% to $441 million. Franchise fees grew 6% to $188 million.

Busy city square in front of tall glass skyscrapers with large digital billboards and pink lighting at dusk.

2 min

Marriott International Raises Full-Year RevPAR Growth Outlook to 3-3.5%, Adds 17,900 Net Rooms in Q2 2026

📈 Marriott International raised its full-year RevPAR growth expectation to 3%-3.5% after Q2's performance. The company reported $7.07 billion in revenue and $766 million in net income. Global RevPAR rose 3.4%, with a 5% increase in the U.S. and Canada but a 43% decline in the Middle East. Marriott added 17,900 net rooms, reaching over 10,000 properties. It returned $2.6 billion to shareholders by July 29, aiming to exceed $4.5 billion for the year.

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