LODGING Staff - 10 Minutes News for Hoteliers - Page 17

2 min

Peachtree Expands Credit Platform With Pending Acquisition of First Western SBLC, Inc.

💵 Peachtree Group plans to acquire PMC Commercial Trust, based in Dallas, pending U.S. Small Business Administration consent. The acquisition will provide small business owners nationwide with SBA 7(a) loans ranging from $50,000 to $5,000,000. PMC was founded in 1983 by Dr. Fred Rosemore and is a licensed SBA lender. This move allows Peachtree to expand into SBA lending and deliver fast financing solutions, particularly in the hospitality sector. PMC is part of Creative Media & Community Trust Corporation.

1 min

Lark Announces Partnership With olive

📈 Olive and Lark partnership, announced in Los Angeles, California, will deploy Olive's booking platform across Lark's 80 hotels in 22 states and two countries by early 2026. Olive's technology boosts conversion by 84% and direct bookings by 76%, reducing third-party reliance. Olive's platform integrates seamlessly with Mews and other PMS systems. Lark's CEO, Peter Twachtman, and Olive's CEO, Eric Lutz, highlight the strategic focus on guest experience and intelligent commerce.

2 min

CoStar, Tourism Economics Again Downgrade U.S. Hotel Forecast

📊 Arlington, Virginia—CoStar and Tourism Economics downgraded the 2025 U.S. hotel forecast. Occupancy decreased by 0.2 percentage points to 62.3%, ADR held at +0.8%, and RevPAR dropped by 0.3 percentage points to -0.4%. Adjustments for 2026 include occupancy down 0.3 percentage points, ADR down 0.1 points, and RevPAR down 0.3 points. Amanda Hite from STR cited rising unemployment and prices. Aran Ryan foresaw moderate U.S. travel economy improvement in 2026, aided by household income growth and global travel expansion.

2 min

Wyndham Rewards Announces Collaboration With Beverly D’Angelo as Part of Wyndham Rewards Campaign

💰 Beverly D’Angelo teams up with Wyndham to offer a special campaign for Wyndham Rewards members. From now until December 31, members can receive a complimentary, one-level status upgrade. Wyndham Rewards features four membership levels: Blue, Gold, Platinum, and Diamond. Each level offers increasing benefits, including additional points per stay and perks like late checkout and suite upgrades. This initiative aims to enhance travel experiences during the busy holiday season.

1 min

Naples Grande Beach Resort Announces Renovation

🏖 Naples Grande Beach Resort will undergo a major renovation starting April 1, 2026, in Naples, Florida. The resort will close guest accommodations and event spaces through December 31, 2026, for upgrades to guestrooms, suites, dining options, spa, and pool areas. Rhode's End, Clam Pass beach services, and select villas remain open. The Naples Tennis Academy and Naples Grande Golf Club will operate as usual. Regular updates will be shared via their website and social media.

1 min

RMS Announces Integration With Epos Now

💻 LONDON—In November 2025, RMS partnered with Epos Now to integrate cloud-based POS systems with RMS's property management platform. This integration aims to boost operational efficiency, reduce manual data entry, and minimize reconciliation errors by linking front-of-house transactions with guest billing. The collaboration supports seamless guest experiences, offering real-time insights and upsell opportunities. Adam Seskis of RMS and Richard Nolan of Epos Now emphasize the impact on guest service and efficient decision-making in the hospitality sector.

2 min

Baha Mar Announces Opening of Leola

🍴 In November 2025, in Nassau, The Bahamas, Leola, a new restaurant by chef Scott Conant, opened at Grand Hyatt Baha Mar. The 8,800-square-foot space includes a 106-seat dining room, a 130-seat outdoor terrace, two bars, and a private dining room. Leola's menu features classic Italian cuisine with modern touches. The restaurant joins notable concepts like Jon Batiste’s Jazz Club and Marcus Samuelsson’s Fish + Chop House at Baha Mar.

1 min

HEI Hotels & Resorts Adds Mayfair House Hotel & Garden to Its Portfolio

📍 HEI Hotels & Resorts, headquartered in Norwalk, Connecticut, is set to manage the Mayfair House Hotel & Garden in Miami's Coconut Grove. This hotel features 179 guestrooms, 8,500 sq ft of event space, a rooftop bar, and Mayfair Grill led by chef Giorgio Rapicavoli. The hotel's offerings include complimentary bikes for exploring Coconut Grove, enhancing HEI's portfolio of luxury and upscale locations. Anthony Rutledge, CEO, praised the hotel's unique appeal and strategic location near downtown Miami.

1 min

TGE Enters Agreement to Acquire 100th Ritz Carlton Hotel Globally

🏨 AMTD Group Inc., MTD IDEA Group, AMTD Digital Inc., and The Generation Essentials Group (TGE) announced a deal for TGE to acquire the 100th Ritz Carlton Hotel, located in Perth, pending customary conditions. The hotel at Elizabeth Quay offers 209 rooms, a restaurant, bar, spa, infinity pool, fitness center, and event rooms, with views of Swan River and Kings Park, showcasing Perth's culture and lifestyle.

2 min

Skift and Mews Report Highlights Shift From Room-Based Performance to Guest-Centric Measures

📈 Skift and Mews's 2025 report in New York highlights a shift in hospitality from room-focused metrics to guest-centric ones like Revenue per Available Guest (RevPAG). Ennismore generates over 60% of revenue from non-room sources. Mews platform saw a rise in non-room bookings from 1,179 to 2,223 hotels between 2024 and 2025, with reservations increasing over 230%. Technology, such as AI tools, enables tailored services, enhancing guest experiences and boosting long-term growth.

Input your search keywords and press Enter.