LODGING Staff - 10 Minutes News for Hoteliers - Page 20

Nearly 60% of HAMA Members Expect Hotels to Exceed Budgeted RevPAR in 2026, Survey Reveals

📈 In Spring 2026, the Hospitality Asset Managers Association (HAMA) released its Industry Outlook Survey in Washington, D.C. 86 members participated, with nearly 60% expecting hotels to exceed budgeted RevPAR for the year. About 90% plan renovations, and 70% are pursuing acquisitions. Recession concerns dropped to 16%, down from 37% in Fall 2025. Demand, Iran War, and wage increases are top concerns. Cap Rate trends remain uncertain with mixed expectations on changes.

1 min

Sonesta Opens Red Lion Inn & Suites Houston IAH Airport with 96 Rooms and Complimentary Shuttle Service

🏨 Sonesta International Hotels Corporation opened the Red Lion Inn & Suites Houston IAH Airport, a 96-room hotel in Houston, Texas. The midscale hotel is strategically located near George Bush Intercontinental Airport, offering guests convenience with a complimentary airport shuttle and free on-site parking. Amenities include a swimming pool, health club, and pet-friendly accommodations. Rooms are equipped with free WiFi, cable TV, mini-fridges, and microwaves, providing easy access to Beltway 8 and the Houston metro area.

2 min

JLL Arranges $835 Million Sale and $690 Million Financing for JW Marriott Marco Island Resort in Florida

🏖 JLL's Hotels & Hospitality group facilitated the $835 million sale and $690 million financing of the JW Marriott Marco Island Beach Resort, an 809-room property in Southwest Florida. Acquired by Sculptor Real Estate and Trinity Investments, the resort features more than 140,000 square feet of event space, 12 dining venues, and two golf courses. Barings previously owned the resort, completing a $320 million renovation in 2018. Financing was secured through a five-year loan from Wells Fargo and JPMorgan Chase & Co.

2 min

Duetto Appoints Michael Schäffner as Chief Sales Officer to Lead Global Expansion of Revenue & Profit Operating System

📈 Michael Schäffner has been appointed as chief sales officer (CSO) of Duetto in San Francisco, California. His new role involves driving the global go-to-market strategy and expanding enterprise relationships to support Duetto's Revenue & Profit Operating System (RP-OS). Schäffner focuses on connecting commercial decisions to profit outcomes, emphasizing a shift towards profit optimization. With experience from The Leading Hotels of the World and technology companies like Nor1, Schäffner aims to enhance Duetto's commercial performance.

5 min

Marriott Reports Q1 2026 Results: RevPAR Up 4.2%, Adjusted EBITDA Reaches $1.398 Billion, Net Rooms Grow 5%

📈 Marriott International, Inc., headquartered in Bethesda, Maryland, reported a global RevPAR increase of 4.2% in Q1 2026, with 4% in the US & Canada and 4.6% internationally. Adjusted net income reached $726 million, while Adjusted EBITDA was $1,398 million. The company added 15,900 net rooms globally, with a pipeline of 4,107 properties and 618,000 rooms. Marriott repurchased 2.1 million shares for $0.7 billion. Total debt stood at $16.5 billion, with $0.5 billion in cash.

2 min

Wyndham Hotels Launches Native ChatGPT App to Enhance Booking Experience Across 8,400 Properties Globally

📱 Wyndham Hotels & Resorts launched a native ChatGPT app in May 2026, enhancing hotel discovery and booking through conversational AI. This tool allows users to explore 8,400 hotels via interactive features within ChatGPT. Since 2018, Wyndham invested $450 million in AI and technology, and in 2020, migrated its systems to the cloud. The company aims to offer franchisees tools to reduce costs and boost revenue, staying competitive in the evolving travel industry.

1 min

Dreamscape Hospitality Takes Over Management of 97-Room DoubleTree by Hilton Hotel Galveston Beach

🏖 Dreamscape Hospitality has taken over management of the DoubleTree by Hilton Hotel Galveston Beach, located in Galveston, Texas, along the Gulf of Mexico. The hotel boasts 97 guestrooms, many with Gulf-facing balconies, an outdoor pool, on-site dining, and over 3,000 square feet of meeting space. Dreamscape plans to implement its hands-on management model to boost performance and align the hotel with evolving guest expectations in the coastal resort category.

1 min

Davidson Hospitality Group to Manage and Renovate 357-Room Cadillac Hotel & Beach Club in Miami Beach

🏨 Davidson Hospitality Group has been chosen to manage the Cadillac Hotel & Beach Club in Miami Beach, Florida, a 357-room resort opened in 1940. Located oceanfront, the hotel features two towers, four dining venues, two pools, and over 6,200 square feet of event space. Starting in late 2026, the property will undergo a phased renovation under Davidson's management to upgrade public spaces and guestrooms. The renovation aims to enhance the guest experience and create exceptional value.

2 min

Bain Capital and Smith Hill Capital Complete $94 Million Refinancing for Tampa Hotel Cala Rebranding Under Hilton Curio Collection

🏨 Bain Capital and Smith Hill Capital completed a $94 million refinancing for renovating and rebranding a 281-key hotel as Hotel Cala in Hilton's Curio Collection. Located on the Hillsborough River in Downtown Tampa's Riverwalk District, this seven-story hotel transformation includes redesigned guestrooms, meeting spaces, and a waterfront deck. The project aims to attract both business and leisure travelers, enhancing the property's value in Tampa's dynamic lodging market.

2 min

Inn-Flow Acquires AI-Powered Procurement Platform Lilo, Launches Integrated Financial Solution for Hospitality Industry

💰 Inn-Flow, based in Raleigh, North Carolina, announced the acquisition of Lilo, an AI-powered procurement platform for hospitality. This acquisition allows Inn-Flow to integrate procurement with its existing accounting and labor management systems, providing a unified financial platform for hotels. Key features include real-time financial connectivity, unified vendor search, and AI-driven insights. Lilo co-founders Nadine ElAshkar and Javier Araya join Inn-Flow in leadership roles to enhance product innovation and development.

Input your search keywords and press Enter.