LODGING Staff - 10 Minutes News for Hoteliers - Page 42

Wyndham Hotels & Resorts Reports 4% Global Room Growth and $73 Million Adjusted Net Income in Q1 2026 Results

💰 Wyndham Hotels & Resorts reported Q1 2026 results from Parsippany, New Jersey. System-wide rooms grew 4%, with a 3% increase in the development pipeline to over 259,000 rooms. Ancillary revenues increased 21%, while net income was flat at $61 million. Adjusted EBITDA rose 8% to $156 million. The company returned $85 million to shareholders and issued $650 million in senior unsecured notes. Global RevPAR decreased 1%, with notable regional variations. The net debt leverage ratio was 3.5x.

PM Hotel Group Releases 2024 Sustainability Report with Key Environmental and Social Initiatives Achievements for 2025

📈 PM Hotel Group, based in Chevy Chase, Maryland, released its eighth annual sustainability report for 2025, coinciding with its 30th anniversary. The company achieved a 5% reduction in energy use intensity, installed 18 electric vehicle chargers, and realized $300,000 in energy savings projects. Over 1,300 LEED-certified keys were managed, and 2,200 employment hours were created for disadvantaged individuals. Over 20 organizations were supported during the annual Day of Giving, with a 94.4% associate engagement survey participation rate.

1 min

HEI Hotels & Resorts Adds 21st Florida Property with Embassy Suites Palm Beach Gardens Acquisition

🏨 HEI Hotels & Resorts has added the Embassy Suites Palm Beach Gardens PGA Boulevard in Florida to its portfolio, marking its 21st property in the state. The 160-room hotel is located off I-95, near PGA National Resort. It recently underwent a significant guestroom renovation and will see major lobby upgrades and repositioning of its food and beverage outlet. CEO Anthony Rutledge highlights the property’s high performance, aiming to maximize its value.

2 min

Noah Brodsky Appointed CEO of Under Canvas, Succeeding Matt Gaghen Who Becomes Executive Chairman Until 2026

🏖️ Noah Brodsky was appointed CEO of Under Canvas in Denver, Colorado, succeeding Matt Gaghen, who served since 2020. Gaghen will become executive chairman until the end of 2026, then join the Board of Directors. Under Canvas has expanded to 17 destinations, launching ULUM, a luxury outdoor brand. Brodsky, with over 20 years in hospitality including roles at Lindblad Expeditions and Travel + Leisure Co., aims to enhance meaningful, place-based travel experiences.

1 min

American Hotel & Lodging Association Supports Senate's Bill to Extend Terrorism Risk Insurance Act Until 2027

📈 The American Hotel & Lodging Association supports the U.S. Senate's introduction of the Terrorism Risk Insurance Act (TRIA) extension. TRIA provides a federal backstop for terrorism-related claims, crucial for the hotel industry's stability and future development. The current act is set to expire at the end of 2027. The bipartisan effort aims to ensure long-term economic certainty, urging Congress to pass the extension promptly.

2 min

G6 Hospitality Launches Studio 6 Plus Extended-Stay Brand Targeting Upper-Economy Segment with $75–$90 ADR Goals

📍 G6 Hospitality, operator of Motel 6 and Studio 6, announced Studio 6 Plus, a new extended-stay brand, in Dallas, Texas. This brand targets upper-economy travelers with ADRs of $75-$90 and RevPAR of $60-$70. Studio 6 Plus offers 60–150 rooms featuring full kitchens and smart TVs. It employs a tech-forward approach with a three-click check-in system and enhanced security features. Franchisees benefit from a fee structure tied to brand-generated bookings, excluding third-party OTA channels.

The Wayfarer San Diego Completes Multi-Million-Dollar Renovation of 126 Rooms with Coastal-Inspired Design

🏨 The Wayfarer San Diego completed a renovation of 126 guestrooms, adopting a coastal Southern California theme. Led by Pacifica Design Group, the multi-million-dollar revamp includes ocean-inspired colors, textured wallcoverings, tweed chairs, and retro mini-fridges. These updates come after the hotel's 2023 opening enhancements. Managed by Parable Hospitality, the property reflects a blend of comfort and design.

Noble Investment Group Acquires Ten-Property Hotel Portfolio Featuring Marriott, Hilton, and IHG Brands Across U.S.

💸 Noble Investment Group has acquired a portfolio of ten upscale select-service and extended-stay hotels from Marriott, Hilton, and IHG. These properties are located across the Pacific Northwest, Midwest, Southeast, and Northeast regions. The hotels, averaging less than six years old, benefit from diverse demand drivers such as healthcare and corporate travel. High construction costs and limited financing options present a strategic advantage for Noble, allowing for strong cash flow and margin resilience.

Dallas Leads U.S. Hotel Construction Pipeline in Q1 2026 with 184 Projects and 22,861 Rooms Planned

🏨 Dallas led U.S. hotel construction in Q1 2026 with 184 projects/22,861 rooms. Atlanta and Phoenix followed with 158 projects/17,524 rooms and 123 projects/16,111 rooms, respectively. Dallas topped early planning with 79 projects/10,841 rooms. The 2026 forecast predicts Phoenix to open 27 hotels/3,640 rooms, while Dallas tops 2027 with 27 hotels/2,484 rooms. Houston led renovations with 35 projects/5,336 rooms. Throughout Q1 2026, 75 new projects/12,137 rooms were announced nationwide.

2 min

Terry Kline to Retire After 12 Years Leading Franchise Development at My Place Hotels of America

📈 Terry Kline, Executive VP of Franchise Development at My Place Hotels, will retire in May after 40+ years in hospitality. He joined the brand at its inception, leading franchise growth for 12 years. Kline's history with the Rivett Organization dates to the mid-1980s, contributing to brands like Super 8 and Settle Inn. His legacy includes team-building and fostering relationships. The Rivett Organization and My Place Hotels commend his dedication and leadership.

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