LODGING Staff - 10 Minutes News for Hoteliers - Page 154

2 min

PM Hotel Group and Sightline Hospitality Announce Strategic Merger

🏨 PM Hotel Group and Sightline Hospitality announced a strategic merger, expanding PM Hotel Group's footprint across the U.S. with 22 additional properties, including a debut in the Hawaiian Islands, as part of their lifestyle hotel division Modus. The merger aligns with consumer preferences for experiential travel, adding brands like RESET and evo Hotels, which offer nature-centric experiences and access to outdoor activities. Presidents Joseph Bojanowski and Kirk Pederson emphasize the merger's potential to elevate hospitality management standards and drive innovation in the industry.

2 min

Lodging Econometrics: U.S. Hotel Construction Pipeline Reaches New All-Time High

🏗️ In Q3 2024, U.S. hotel construction pipeline reached an all-time high with 6,211 projects/722,821 rooms, up 9% in projects and 7% in rooms YOY. Under construction: 1,185 projects/148,716 rooms, a YOY increase of 11% in projects and 6% in rooms. Scheduled starts: 2,209 projects/251,797 rooms. Early planning also hit records with 2,817 projects/322,308 rooms, both up 17% YOY. Upper midscale and upscale projects compose 60% of the pipeline. Construction starts peaked in 2024. New openings for 2024 are projected at 631 hotels/72,160 rooms, a 1.3% supply increase, with 759 new hotels/86,264 rooms expected in 2025, and 938 new hotels/101,017 rooms in 2026, increasing supply by 1.5% and 1.8%, respectively.

2 min

Davidson Hospitality Group Enters Partnership With Nautic Partners

📌 Davidson Hospitality Group, generating $2 billion in annual revenue, has been acquired by Nautic Partners from KSL Capital Partners' affiliate. Nautic Partners recently closed a $4.5 billion fund, Nautic Partners XI. The partnership aims to support Davidson's growth in the hospitality sector, focusing on lifestyle, luxury, upscale, and resort properties. Financial advisor Moelis & Company LLC and legal counsel Davis Graham and Stubbs LLP assisted Davidson, while Locke Lord LLP and Kirkland & Ellis LLP advised Nautic.

1 min

Sonesta Executed 30 Franchise Agreements in Q3 2024

🏡 In Q3 2024, Sonesta International Hotels Corporation executed 30 new franchise agreements, underscoring its expansion across the U.S. The agreements span seven brands, including 11 Sonesta ES Suites, 7 Sonesta Essential Hotels, 6 Americas Best Value Inn by Sonesta, 2 each for Sonesta Hotels, Resorts & Cruises, and Sonesta Select Hotels, plus single franchises for Red Lion Hotel, Inn & Suites, and Sonesta Simply Suites. The growth aims at enhancing hotel performance and guest experience, offering a variety of segments from upper upscale to premium economy.

1 min

CoStar: U.S. Hotel Industry Continues to Post Positive Year-Over-Year Comparisons

🔔 U.S. hotel industry saw positive gains in October 2024 compared to 2023 with occupancy up by 4.5% at 69.0%, Average Daily Rate (ADR) rising 4.6% to $168.69, and Revenue per Available Room (RevPAR) increasing 9.3% to $116.32. Tampa experienced the largest occupancy increase of 28.1%, reaching 84.2% due to Hurricane Milton. New Orleans led in ADR and RevPAR growth, surging 64.1% to $301.30 and 77.6% to $227.24, respectively, propelled by Taylor Swift’s Eras Tour. Conversely, Las Vegas and Minneapolis saw RevPAR drops of 7.9% to $196.40 and 6.5% to $86.31, respectively.

3 min

AHLA Announces Appointment of Rosanna Maietta as President and CEO

📈 Rosanna Maietta appointed president/CEO of AHLA, effective Nov. 14, 2024. Formerly served as president/CEO of AHLA Foundation and executive VP of communications and public relations of AHLA. AHLA leadership expressed confidence in Maietta's capabilities. Kevin Carey acknowledged for his interim leadership since March 5, 2024, and will continue as senior executive VP and COO. Maietta's recent role was with the American Clean Power Association, where she expanded her team and increased event revenue.

2 min

This Week’s Comings & Goings

📌 Brian Hicks appointed as president and CEO of Hospitality Sales and Marketing Association International, succeeding the late Bob Gilbert. Abe Liao named managing director of Watergate Hotel, bringing experience from Aimbridge Hospitality. Brian Smith becomes general manager of the 60-room Hotel Maverick. Felix Schlokat joins Hilton Cancun as general manager in September. Craig Pearson takes on general manager role for the 200-room Hyatt House Chicago/West Loop-Fulton Market. Melissa Plymal appointed national sales manager for Lansdowne Resort, after being director of sales and marketing at Nicewonder Farm & Vineyards. Laurie Helley becomes senior sales manager for Wyndham Grand Orlando Resort Bonnet Creek. Nicholas Cuomo hired as executive chef at Rome Cavalieri, overseeing the hotel's dining venues. Shawnda Brooks promoted to director of spa at The St. Regis Deer Valley. The Four Seasons Hotel New York, reopening Fall 2024, names Michael Dedera general manager, Christopher Shiel marketing director, and Iwona Luksza F&B director. Hotel Champlain, Curio Collection by Hilton, adds Kenzie Allen as executive chef and Israel Prado Rivas as F&B director. The Sea Ranch Lodge establishes a new culinary team with Darren McRonald as executive chef, Jay Wyant-King as F&B director, Chloe Tula as wine director, and Katrina Coffman as farm manager.

2 min

Preferred Hotels & Resorts Added 24 Properties in Q3 2024

🌇 Preferred Hotels & Resorts added 24 new member properties to its portfolio between July 1 and September 30, 2024, across 14 countries. CEO Lindsey Ueberroth highlighted the expansion of their luxury independent properties, which include destinations from Nicaragua to Bangkok. The additions feature various collections such as Legend, Lifestyle, L.V.X., and Preferred Residences. Many participate in I Prefer Hotel Rewards, which has 5 million enrolled travelers.

3 min

Agilysys Releases 2024 Global Hospitality Impact Study

💸 In 2024, Agilysys, Inc. unveiled the "2024 Global Hospitality Impact Study" at The Hospitality Show, revealing that 82% of hospitality executives are interested in RevPAG strategies, but 56% feel technologically unprepared. Luxury properties earn up to 40% of revenue from non-room sources. Only 12% review their technology annually, while 38% wait over four years. To optimize RevPAG, 72% are open to enhancing tech infrastructure, with 68% considering technology's dual operational and innovative role crucial.

2 min

Daxton Hotel Birmingham Joins Curio Collection By Hilton

🏡 In Birmingham, Michigan, Daxton Hotel joined Curio Collection by Hilton, expanding the brand’s portfolio to 175 hotels. General Manager Autumn Griffith highlights their dedication to artful sophistication. Transitioning offers guests Hilton Honors perks like digital keys and point-earning opportunities. Opened in 2021 by Mark Mitchell, the hotel boasts 151 rooms and suites, over 400 artworks, dining options like Madam and Geode Bar, and the lobby’s Café Dax.

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