LODGING Staff - 10 Minutes News for Hoteliers - Page 20

5 min

Marriott International Reports Q3 2025 Results

📈 Marriott's Q3 2025 results: RevPAR rose 0.5% globally; international growth at 2.6% but a 0.4% decline in the US and Canada. Net income was $728 million, with adjusted net income at $674 million. Added 17,900 rooms, with a pipeline of 3,900 properties. Returned $3.1 billion to shareholders by October 30. Total global membership reached nearly 260 million. Debt was $16 billion; cash, $0.7 billion. Issued $1.5 billion in senior notes with interest rates from 4.20% to 5.25%.

2 min

PPHE Hotel Group Implements Oracle OPERA Cloud Platform

💻 PPHE Hotel Group is adopting the Oracle OPERA Cloud hospitality platform as its global property management system across 18 properties with 5,200 rooms in the UK, Netherlands, and Italy. This migration aims to standardize processes, eliminate hardware needs, and enhance guest experiences through mobile access and 1,000+ business integrations. By using the Oracle Hospitality Integration Platform, PPHE optimizes sales, reservations, and loyalty operations, empowering staff with mobile tools for efficient and personalized guest service.

1 min

Marcus & Millichap Announces Sale of Candlewood Suites Miami Lakes

🏨 Marcus & Millichap announced the sale of Candlewood Suites Miami Lakes, a 94-room hotel in Miami Lakes, Florida, in December 2024. Originally built in 1999 and renovated in 2024, it features suites with kitchens, a fitness facility, and more. Situated off Interstate 75, it provides access to key locations like Miami Lakes Research & Industrial Park and Miami International Airport. The sale reflects confidence in Miami-Dade's hospitality sector.

1 min

Auro Hotels Names Jay Burnett as Executive Vice President of Real Estate and Development

📈 Jay Burnett, with nearly 35 years in hospitality, rejoins Auro Hotels as executive vice president of investments and development. Previously, Burnett was the chief investment officer at GF Hotels & Resorts. He also worked at AMC Delancey Group and spent six years in various roles at Marriott International. Burnett, an alumnus of the University of Virginia and Cornell University, will lead Auro's real estate team, focusing on acquisitions, project execution, and asset management.

2 min

Sheraton Hotels & Resorts Launches New Marketing Campaign

📖 Marriott Bonvoy’s Sheraton Hotels & Resorts launched the “Goodnight Room” campaign on November 3, inspired by "Goodnight Moon." Created with Wieden+Kennedy New York, it runs across various media. A “Goodnight Moon” Suite at Sheraton Boston Hotel, renovated and bookable from November 3 to February 28, features themed decor. Members can bid for a special two-night stay from December 26-28, with curated experiences like moonlit dinners, stargazing, and s’mores.

1 min

Gurney’s Resorts Acquires Beach Retreat & Lodge at Tahoe

🏖 Gurney’s Resorts will expand to the West Coast by acquiring The Beach Retreat and Lodge in South Lake Tahoe. By spring 2027, it will debut as Gurney’s Lake Tahoe Resort & Spa after a multi-year renovation. The resort will feature 206 guestrooms and suites with signature experiences including a spa, new dining concepts, and private beach access. This expansion complements their Montauk property, establishing them as a bicoastal luxury brand.

1 min

Hilton and NABHOOD Announce Creation of Bill Fortier Hilton/NABHOOD Hospitality Scholarship

🏨 Hilton and NABHOOD introduced the Bill Fortier Hilton/NABHOOD Hospitality Scholarship in McLean, Virginia, honoring Bill Fortier's 20-year leadership. The announcement was made during Hilton's "Unlocking Doors: Creating Pathways to Hotel Ownership" workshop. Key figures present included Omari Head from Howard University, Andy Ingraham of NABHOOD, Hilton executives Bill Fortier and Matthew Wehling, and Neil Freeman of Aries Capital. This initiative aims to boost diversity and inclusion in hotel ownership and investment.

1 min

Dreamscape Hospitality Adds Two Properties to Its Portfolio

🏨 Dreamscape Hospitality expanded its portfolio by adding two properties: Hampton Inn & Suites Bradenton Downtown Historic District in Bradenton, Florida, and Hyatt Place Park City in Park City, Utah. Located on Bradenton’s Old Main Street, the Hampton Inn provides access to local boutiques and dining. The Hyatt Place, situated at the Wasatch Mountains' base, offers access to ski resorts and trails. Adam Patenaude emphasized these hotels' potential for delivering memorable guest experiences.

1 min

Red Roof Inn La Porte Opens

🏨 Red Roof Inn La Porte in Texas opened following $300,000 in renovations by owner Emrine LLC, enhancing guest bathrooms, rooms, and lobby. The 44-room hotel offers free Wi-Fi, cable, coffee, and a business center, and is pet-friendly. Located off Highway 146, it provides access to attractions like Johnson Space Center and Kemah Boardwalk, and is near William P. Hobby and George Bush Intercontinental Airports.

2 min

CooperWynn Capital Arranges Refinancing for Fredericksburg Inn & Suites

🏨 CooperWynn Capital refinanced Fredericksburg Inn & Suites for Croesus Hotels, LLC, providing $9 million in fixed-rate financing below 5.4% interest. The hotel is in Fredericksburg, Texas, offering 103 rooms, complimentary breakfast, and 3,700 sq ft of meeting space. Situated on five acres near Baron Creek and walking distance from Main Street, it features amenities like an outdoor pool and hot tub. This refinancing supports continued property enhancement and guest experience improvement.

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