LODGING Staff - 10 Minutes News for Hoteliers - Page 10

Two businessmen walking through an airport terminal with rolling suitcases, smiling at each other, a plane visible outside the window.

2 min

Engine Acquires Options Travel to Enhance Corporate Travel with New AI-Native Online Booking Tool

🛫 Engine, a travel tech company, acquired Options Travel, a corporate travel management firm in Denver, Colorado. The acquisition allows Options Travel to continue its independent operations under its existing leadership and staff. After nine months of collaboration, Engine developed a groundbreaking AI-native Online Booking Tool reducing booking times to 2.5 minutes. This tool enhances booking, payments, and customer management for TMCs. Elia Wallen and Brett Buynack highlighted the need for modern technology in the travel industry.

Hotel room with a king bed against a mural wall, a blue sofa, round white coffee table, and a flat-screen TV on a dresser.

2 min

Baltimore Marriott Inner Harbor Completes First Phase of Multi-Million Dollar Renovation, Upgrading 523 Guestrooms

🏨 Baltimore Marriott Inner Harbor at Camden Yards has completed phase one of its renovation, updating 523 guestrooms and the concierge level. Phase two begins in Q1 2027, focusing on the lobby, restaurant, and meeting spaces. Operated by HEI Hotels & Resorts and owned by SC Baltimore Hotel LLC, the property offers modernized rooms with a 55-inch Smart TV and high-speed WiFi. Located near key attractions, the hotel features 18,400 sq ft of event space.

Woman in a red dress walks through a modern restaurant with dark wood paneling and a tall textured wall.

8 min

Accor Opens 109 Hotels in H1 2026, Achieving 3.2% Net Unit Growth Despite Middle East Disruptions

📊 Accor's H1 2026 results showed a 2.2% RevPAR increase, excluding the Middle East. They opened 109 hotels with 14,000 rooms, marking 3.2% growth. Total revenue was $3.18 billion, with net profit at $131.4 million, a 51% drop from 2025 due to high non-recurring expenses. In the Americas, RevPAR rose 4.8%. The Middle East conflict caused a 1.1% RevPAR decline in that region. Accor aims for 2-2.5% RevPAR growth for 2026.

Hilton hotel complex along a river with a pedestrian boardwalk and fountain in the water ahead.

2 min

JLL Arranges Refinancing for Hilton Dallas Plano Granite Park with $8.5 Million Renovation by Driftwood Capital

🏨 JLL’s Hotels & Hospitality group secured refinancing for the Hilton Dallas Plano Granite Park, a 300-room hotel in Plano, Texas. Driftwood Capital, the borrower, acquired the hotel in June 2023 and completed an $8.5 million renovation by March 2025. Situated in Granite Park, a 90-acre development, the hotel includes 30,000 square feet of meeting space. Led by Jeff Bucaro and Malia Buljat, the financing highlights the property's premium location and strategic renovation.

Printed business reports with blue bar and pie charts on a desk, a pen resting on the pages.

3 min

MGM Resorts Reports Q2 2026 Revenue of $4.5 Billion, Driven by 20% Growth in MGM Digital Segment

💰 MGM Resorts reported Q2 2026 financials: Consolidated revenue rose 1% to $4.5 billion, with net income at $292 million (up from $49 million). Las Vegas Strip Resorts generated $2.2 billion (up 3%), and Regional Operations saw $924 million (down 4%) in revenue. MGM China revenue remained flat at $1.1 billion. MGM Digital grew 20% to $196 million. MGM Osaka to open in 2030. Diluted EPS was $1.11, a rise from $0.18.

Sheraton hotel building on a hillside under a blue sky with palm trees in foreground

1 min

Remington Hospitality Adds Sheraton Mission Valley San Diego to Portfolio, Plans Hyatt Regency Conversion After Renovation

🏨 Remington Hospitality expands its portfolio with the Sheraton Mission Valley San Diego Hotel in Dallas, Texas. The 14-story hotel, featuring 260 rooms, is scheduled for a major renovation and rebranding as a Hyatt Regency by the year's end. The property offers over 10,000 square feet of meeting space, a business center, fitness center, and more. Positioned near San Diego International Airport and attractions like SeaWorld and the San Diego Zoo, it promises strong long-term success.

Exterior view of LivSmart Studios by Hilton, a modern four-story hotel at dusk with lit windows and a covered entrance.

2 min

LivSmart Studios by Hilton Opens Fourth Location in Pensacola, Owned by 3H Group and Managed by LBA Hospitality

🏨 LivSmart Studios by Hilton Pensacola I-10 North Davis Highway opened in Pensacola, Florida, offering long-stay accommodation. Owned by 3H Group and managed by LBA Hospitality, this is their second LivSmart Studios property. Amenities include fully equipped kitchens, free breakfast, WiFi, parking, a fitness center, and pet-friendly options. Located near I-10, it provides access to Pensacola International Airport and local attractions. General Manager Cody Beck leads with Dual Sales Manager Shayla Fisher. Huntsville, Alabama, is the next opening.

Luxurious hotel lobby with marble floors, a white reception desk, and seating area under cloud-shaped pendant lights.

2 min

Driftwood Capital Highlights Resilience of Hotel Credit with Lower Delinquency Rates Compared to Office and Multifamily Sectors

🏨 Driftwood Capital, based in Miami, highlights the resilience of hotel real estate credit amid a $265 billion selloff in alternative-asset markets. Despite a 47.5% RevPAR drop in 2020, 76% of maturing lodging CMBS loans were repaid on time (2020-2025), outperforming office (60%) and mixed-use (54%). Lodging delinquency is 6.5%, lower than office (11.7%) and multifamily (7.7%). Hotel supply growth in top markets decreased to 1.0-1.3% from 2.0-2.5% pre-pandemic.

Chrome hotel reception bell on a dark base resting on a wooden counter with a blurred lobby background. Frequented by front desk staff to call for attention.

1 min

LivAway Suites Opens Fourth Arizona Property in Tucson, Expanding Nationwide with 21 Locations Under Development

🏨 LivAway Suites opened a new property in Tucson, Arizona, its fourth in the state. With 21 more locations nationwide, it offers extended-stay amenities like full kitchens, free Wi-Fi, and fitness centers. The Tucson hotel is near key locations such as Davis-Monthan Air Force Base and the University of Arizona. Dan Barrett, Chief Development Officer, emphasized the brand's commitment to functionality and value. LivAway's expansion highlights growing demand for affordable extended stays.

Exterior view of a My Place hotel with stone columns, blue siding, and a covered entry on a sunny day

1 min

CooperWynn Capital Secures $4.875 Million Refinancing for 64-Room My Place Hotel in Midland, Texas

🏨 CooperWynn Capital secured a $4.875 million cash-out refinancing for My Place Hotel-Midland, TX, benefiting owner Dustin Campbell. The three-story, 64-room hotel, opened in November 2020 and situated in Midland, offers in-room kitchens for extended-stay business travelers. The deal, with a national CMBS lender, provides a five-year fixed-rate, non-recourse debt. The refinancing action enables capital redeployment amidst fluctuating market conditions and an enduring demand driven by the oil and gas sector in the Permian Basin.

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