HOTELSMag.com - 10 Minutes News for Hoteliers - Page 32

4 min

A yo-yo 2024 for the hotel industry has brand leaders ready, anxious for the year ahead

📈 In September, G6 Hospitality agreed to sell its Motel 6 brand to Oyo Hotels for $525 million. Highgate, having acquired a large set of La Quinta properties and Viceroy Hotels & Resorts, anticipates 2025 as a prime investment year with lower interest rates. Sonesta now operates over 1,100 hotels worldwide and emphasizes flexible brand standards for franchisees. Wyndham’s CEO highlighted long visa wait times for India at 250 days, affecting U.S. inbound travel, with Asian tourism still recovering, particularly from China and Japan. Glendale, Ariz., voters may decide on higher wages for hotel workers, impacting profit margins.

5 min

People on the Move: JLL, Frasers Hospitality, Outrigger Hospitality, The Ritz-Carlton Bacara, Six Senses La Sagesse

📈 JLL's Hotels & Hospitality group added Carolina Bernal as senior director and Mackenzie Melikian as senior associate in NYC, focusing on hotel investment sales advisory. Bernal also joins the global hotel desk. Frasers Hospitality appointed Chew Hang Song as COO post-Mark Chan's retirement on September 30 and Ian Loe as managing director, technology and innovation. Outrigger Hospitality Group named Crystal Ho as EVP and CFO, succeeding Avery Aoki, and Craig A. Waterman as GM of Outrigger Reef Waikiki Beach Resort. Other hospitality appointments include Tori McLaughlin at The Ritz-Carlton Bacara, Santa Barbara, Frederic Vidal at Oetkar Collection, Jeff David at Six Senses La Sagesse, and Amit Kumar Prasad at Conrad Maldives Rangali Island. Additionally, Adnan B. Virani joined HRI Hospitality as SVP of capital markets and investor relations.

2 min

Briefs: IHG’s dual-branded hotel in Florida; Denmark Zleep Hotels to rebrand

🏨 IHG & Daiwa House Group are set to open EVEN Hotels and Staybridge Suites Orlando Universal Blvd. in 2026, near Universal Epic Universe theme park and Orange County Convention Center, Orlando, Fla. The dual-branded hotel will feature 288 rooms, an outdoor pool, a restaurant, an athletic studio, and over 4,000 square feet of event space. Zleep Hotels to rebrand 14 hotels to Marriott's Four Points Flex by Sheraton in Denmark by early 2025, adding 1,500+ rooms to Marriott's Nordic portfolio. Holiday Inn Resort opens in Nepal, featuring 104 rooms and 9,300 square feet of amenities. Lanserhof breaks ground on Lanserhof Marbella health resort in Casares, Spain, set to open in late 2026.

2 min

Marriott launching City Express brand in U.S., Canada

🏨 Marriott International acquired City Express brand portfolio in May 2023 for $100 million, adding 152 hotels and over 17,000 rooms across Mexico, Costa Rica, Colombia, and Chile, increasing its presence by 45%. The expansion into the affordable midscale segment in the U.S. and Canada, previously known as ‘Project Mid-T by Marriott’, is set to attract value-conscious travelers. Marriott has seen "extensive interest" from potential owners and franchisees, expecting to sign agreements and possibly open new hotels within the next four months.

2 min

Choice launches design package to streamline extended stay hotel conversions

📌 Choice Hotels International introduces ‘Lobby in a Box,’ a design solution for extended stay hotel conversions, aimed to transform public areas within 120 days for Suburban Studios and MainStay Suites brands. The solution allows for the creation of multifunctional spaces, capitalizing on the demand for extended stay options where supply is scarce. Since the spring of 2022 launch, Kitchen in a Box has been implemented in over 30 hotels, with six more projects underway, incorporating Lobby in a Box for renovations.

2 min

Briefs: Three Waters Resort opens in Florida; Moxy Hotels debuts in Spain

🏖️ Three Waters Resort & Marina opened in Islamorada, Florida, offering 214 rooms, nine dining venues, and a 72-slip marina. Moxy Hotels debuted in Barcelona, Spain, with a 414-room hotel featuring a 10th-floor rooftop space and pool, and a restaurant and bar opening in early 2025. In Dallas, NewcrestImage acquired The Beeman Hotel, a 296-room facility with 12,000 square feet of conference space. Minor Hotels announced NH Collection Maldives Reethi Resort, set to open in Q4 2025 in Hanifaru Bay, featuring 129 rooms and a 35-minute seaplane journey from Male.

3 min

Wyndham adds to diversity initiatives with launch of Accelerator Circle

📍 Wyndham Hotels & Resorts introduced Accelerator Circle to support BOLD and Women Own the Room franchisees with mentorship and peer connections. Over 90 hotel deals have resulted from these diversity initiatives, with 20+ hotels opened by Black and women hoteliers. The first Accelerator Circle session features WaterWalk CEO Mimi Oliver discussing franchisor relationships. Women Own the Room celebrated 15 openings and 50+ signings in 24 months, while BOLD signed 18 properties in 18 months. Future sessions will cover fundraising, construction, staffing, and more.

2 min

Peachtree Group breaks ground on dual-branded hotel in Dallas

🏨 Peachtree Group is constructing a 19-story dual-branded hotel in uptown Dallas, featuring Marriott brands AC Hotel and Moxy Hotel, to open in summer 2026. The development adds 264 upscale rooms to the McKinney Avenue corridor, with AC Hotel offering 110 rooms and Moxy Hotel 154 rooms. Amenities include a signature Moxy Bar and Restaurant, an eighth-floor bar and lounge with an outdoor terrace, a fitness center, and a 261-stall parking garage. Peachtree has recently expanded its portfolio by 789 rooms and launched a restaurant management division.

2 min

Briefs: Hyatt adds all-inclusive resort in Europe; Marriott Tech Accelerator in India

🏠 Hyatt Hotels Corp. enters Portugal with the Dreams Madeira Resort, Spa & Marina, featuring 366 rooms and opening a spa in January 2025. Marriott International announces a new Tech Accelerator in Hyderabad, India, to support global tech operations in 141 countries, expanding from the first Indian resort in 1999 to over 42,000 rooms planned. Azul Hospitality Group manages the Woodlark Hotel in Portland, Oregon, integrating historic buildings from 1912 and 1908, and joins Marriott Bonvoy. Hotel Indigo Baltimore joins Historic Hotels of America, managed by Remington Hospitality, and underwent renovations in 2014.

6 min

U.S. RevPAR to improve in H2 2024, forecasts CBRE

🏨 U.S. RevPAR growth in 2024 revised down to 1.2% from 2%, with a stronger 2% increase expected in H2 over H1's 0.5%. Urban and airport hotels to outperform; resorts to underperform. Costa Rica's occupancy to surpass 67% from 2019; Colombia to attract over 6 million tourists. Europe's RevPAR growth slows to 5% due to weaker U.S. demand. Middle East H1 2024 shows a robust hotel performance. Asia Pacific sees RevPAR growth driven by 80bps occupancy increase, with China's outbound air travel nearing 90% of pre-pandemic levels by year-end.

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