LODGING Staff - 10 Minutes News for Hoteliers - Page 113

4 min

Hyatt Reaches Record Pipeline of 138,000 Rooms, Realigns Brands

🏨 Hyatt Hotels Corporation announces a record pipeline of 138,000 rooms by the end of 2024, with a restructured brand architecture into Luxury, Lifestyle, Inclusive, Classics, and Essentials. The Lifestyle Group, led by Amar Lalvani, increased its pipeline properties by nearly 50% and open hotels by over 20% year-over-year, with notable acquisitions like The Standard and Bunkhouse Hotels. New deals include TOOR Hotel (Q1 2025), Andaz Miami Beach (Q1 2025), and The Standard, Brussels (Q2 2025). Hyatt Studios, a new upper-midscale extended-stay brand, has over 50 executed deals, entering 22 new markets with its first location opening in Q1 2025. Growth continues across all portfolios with numerous expected openings through 2027, including the Luxury, Inclusive, and Classics Portfolios, with the Fairmount Hotel already opened on January 16, 2025.

2 min

AAHOA and EEA to Establish Sustainability Standards for the Lodging Industry

🏠 In Atlanta, Georgia, the Asian American Hotel Owners Association (AAHOA), with 20,000 members owning 60% of U.S. hotels, partnered with the Energy & Environment Alliance (EEA), representing 45,000 global hospitality assets, to create sustainability standards for the hotel sector. The Special Taskforce on Sustainability Standards, influenced by frameworks adopted in 30+ countries and EU directives, will conduct a three-phase consultation from January to December 2025 to develop industry-wide benchmarks and performance metrics, aiming to align with global standards and legal mandates in sustainability.

2 min

Sage Hospitality Group Promotes Dean Stambules to Chief Investment Officer

💰 Who? Dean Stambules, Sage Hospitality Group. What? Promoted to Chief Investment Officer (CIO). Where? Denver, Colorado. When? Announcement made, no specific date provided. Why? Recognizing leadership, commitment, and contribution to Sage. How? Overseeing new business initiatives, investment opportunities, acquisitions, development, and management portfolio growth. Stambules joined Sage in 2014 as an analyst, contributed to portfolio growth including Hotel Commonwealth and The Ritz-Carlton Chicago, led the first acquisition in Florida, and expanded partnerships with major investors. Graduated from Denison University with a BA in Economics.

3 min

IHG Hotels & Resorts Grows Its Luxury & Lifestyle Portfolio

🏨 IHG Hotels & Resorts' Luxury & Lifestyle portfolio includes six brands that make up 20% of its global pipeline, a near doubling in five years. More than 900 hotels are open or in development, with over 260 in the Americas. In the region, Six Senses debuted last year and plans openings in 2028 for Telluride and Riverstone Estate. Regent Hotels returned to the Americas with Regent Santa Monica Beach. InterContinental has 226 open and 97 pipeline hotels, with new Americas properties opening in early 2025. Vignette Collection aims for 100 hotels in 10 years, with Yours Truly DC recently opened in the Americas. Kimpton has 135 hotels open or planned, while Hotel Indigo operates 162 properties with 128 in development. IHG's loyalty program accounts for nearly 70% of room nights in the Americas.

1 min

CoStar: December 2024 Shows Mixed Performance Results

📰 In December 2024, the U.S. hotel industry saw occupancy rise to 53.2% (up 1.1% from 2023), ADR increase to $156.67 (up 3.3%), and RevPAR grow to $83.30 (up 4.4%). New York City led with 87.9% occupancy, a 1.4% increase. The lowest occupancies were in Minneapolis (46.1%) and Detroit (47.5%). Top 25 Markets outperformed in occupancy and ADR compared to other markets.

3 min

Choice Hotels Shares Development Updates From 2024

🏗️ Choice Hotels International announced a strong year of development in 2024 across various segments. In the extended-stay segment, they opened 61 hotels, including their 500th property in October. The upscale segment saw 27 new hotels, with an 80% year-over-year increase for the Ascend Hotel Collection and a 7.5% RevPAR increase for Radisson brands. The midscale segment included 41 Quality Inn openings during its 85th anniversary, and a 19-point RevPAR Index increase for Country Inn & Suites. Additionally, 20 properties opened under the SOAR program, which supports underrepresented entrepreneurs in hotel ownership.

2 min

Azul Hospitality Opens AC Hotel Detroit and Converts Cadillac House to Tapestry Collection

🏡 Azul Hospitality opens AC Hotel Detroit at the Bonstelle and converts Cadillac House to Tapestry Collection by Hilton in SAN DIEGO, California. AC Hotel Detroit, the first in southeast Michigan, has 154 rooms, 10 stories, and features The Conservatory and a rooftop bar. The historic Bonstelle Playhouse, connected to the hotel, will host events and performances. The Cadillac House in Lexington, Michigan, now part of Hilton's Tapestry Collection, underwent renovation and expansion, resulting in a 23-room property with the Hidden Cavern event venue and Cadillac House Tavern & Bar. Azul's CEO, Alvaro Fraile, emphasizes operational performance and ROI.

3 min

Hilton Sets New Growth Record, Adds 973 Hotels and Nearly 100,000 Rooms

👨 Hilton achieved a 7.3% net unit growth in 2024 by adding 973 hotels and nearly 100,000 rooms—their largest ever annual increase. Their development pipeline expanded with over 1,430 hotel signings representing 154,000 rooms, and a total pipeline of roughly 3,600 hotels and over 498,500 rooms. Construction started on 88,500 rooms, with one in five hotel rooms under construction globally set to join Hilton. New brands like Graduate by Hilton and Spark by Hilton, and partnerships such as one with SLH, contributed to growth. Hilton anticipates 6-7% growth in 2025, operates in 140 countries, and welcomed more than 224 million guests in 2024.

13 min

Innovators & Influencers: Recognizing Four Lodging Industry Leaders and Their Career Journeys

📦 Charles Oswald, with nearly 300 managed hotels, launched Aperture Hotels in Atlanta, Georgia, less than two years ago and now oversees 27 hotels, including 19 third-party contracts. Aly El-Bassuni, with a 30-year career in hospitality, joined Dallas-based Aimbridge as president 18 months ago, overseeing a portfolio of over 1,200 hotels. Rachel Humphrey, after a 20-year law career, founded the Women in Hospitality Leadership Alliance in 2021 and is pushing for 50% diversity in industry conferences with the Alliance supported by 33 organizations. Miraj Patel, the youngest AAHOA chairman for 2024-2025 and president of Wayside Investment Group, focuses on strategic vision and advocates for hotelier profitability and fair competition with short-term rentals.

2 min

Lodging Econometrics: Dallas Continues to Lead U.S. Hotel Construction Pipeline

🏨 Dallas leads U.S. hotel construction pipeline with 204 projects and 23,669 rooms. Atlanta, Nashville, Phoenix, and the Inland Empire complete the top five. New York City leads in the under-construction stage with 36 projects (5,928 rooms). Dallas also tops the list for planned starts within 12 months and early planning stages. The U.S. sees 1,997 renovation and conversion projects (255,816 rooms) and 459 new project announcements, with Dallas leading in new announcements. The country celebrated 583 new hotel openings in Q4 2024, totaling 67,995 rooms.

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