LODGING Staff - 10 Minutes News for Hoteliers - Page 3

Hyatt Announces Retirement of Executive Chairman Thomas J. Pritzker

🏨 Hyatt Hotels Corporation, Chicago, announced that Thomas J. Pritzker retired as executive chairman immediately and will not seek re-election in May 2025. Mark S. Hoplamazian, CEO since 2004, will succeed him. Pritzker served since 1980, enhancing Hyatt's global brand and asset-light model. The board expressed confidence in Hoplamazian's leadership, citing his long tenure and strategic expertise to drive long-term growth.

1 min

Concord Hospitality Announces Multiple Leadership Promotions

📈 Cathryn Andrews, Joe Trumfio, and Alex Langston received promotions at Concord Hospitality in Raleigh, North Carolina. Cathryn is now Senior VP of Hotel Accounting, focusing on strategic accounting practices. Joe assumes a newly created role as Senior VP of Investment Operations, enhancing reporting capabilities and compliance. Alex becomes Senior Director of Risk Management, improving risk strategies. Concord's President, Mark Laport, emphasizes these promotions will bolster the company's operational and financial strengths.

2 min

The Chambray Begins Construction

🏨 Roswell, Georgia — The Chambray, a 125-key boutique hotel, will open in Summer 2027, developed by DSM Real Estate Partners and Stafford Development Company, and operated by The Indigo Road Hospitality Group. Situated near Canton Street and Southern Post, it offers amenities like a rooftop sushi restaurant, a Mediterranean-inspired eatery, and 2,300 sq. ft. of meeting space. Embracing Roswell's textile history, its design is a collaboration between Matt Mitchell Design, David Thompson Studio, and 617 Studio.

2 min

AC Marriott Hotel Ann Arbor Downtown Opens

🏨 First Martin Corporation and First Hospitality opened the AC Marriott Hotel Ann Arbor Downtown in Michigan, within the Downtown Ann Arbor Main Street District. The six-story hotel features 139 guestrooms and a curated art collection. Sustainable touches include solar panels generating over 50 kWh daily. Guests can enjoy the AC Lounge & Kitchen, a 500-square-foot boardroom, and pet-friendly amenities. It's the first AC Hotel in Ann Arbor and the fourth in Michigan, expanding the brand in the Midwest.

2 min

New Report Details Economic Impact of Honolulu’s Hotel Industry

🏠 Honolulu, Hawai’i — The hotel industry generates $12 billion in economic activity, supports 63,912 jobs, and contributes $1.9 billion in taxes annually. Visitor spending totals $6.5 billion, with $760 spent per room night. The sector provides 18,088 jobs, yielding $1.4 billion in wages, and contributes $830.9 million in federal, $722.2 million in state, and $329.9 million in local taxes. Honolulu hosts 29,112 rooms, with 8.6 million room nights sold across 93 hotels.

1 min

Dreamscape Hospitality Adds Two Hotels to Its Portfolio

📈 Dreamscape Hospitality took over management of Holiday Inn Stevens Point Convention Center and Holiday Inn Express & Suites Stevens Point on February 3, 2026, in Stevens Point, Wisconsin. The convention center features over 38,000 square feet of event space, while both hotels offer a total of 215 guestrooms. The strategic move aims to strengthen Dreamscape's Midwest presence and enhance operations, brand performance, and long-term value for ownership.

2 min

Stayntouch Announces Partnership With Regency Hotel Management

💻 SIOUX FALLS, South Dakota—In February 2026, Stayntouch partnered with Regency Hotel Management, which oversees 100+ properties in the Midwest. Regency adopted Stayntouch’s cloud PMS after a seven-month evaluation, citing its mobile-first, tablet-based operations. Properties went live in two days, enhancing guest engagement and staff training. Features include centralized reporting, rapid deployment, and cost-free integrations. CTO Jim Stark praised the partnership for its staff buy-in and operational success, while CEO Jacob Messina emphasized the focus on trust and modernizing operations.

2 min

Kemmons Wilson Hospitality Partners and Ascendant Joint Venture Completes Acquisition of Sotherly Hotels

💵 KWHP, Ascendant Capital Partners, and Sotherly Hotels Inc. finalized a merger on January 22, 2026, acquiring all Sotherly shares at $2.25 each. Schulte Hospitality Group will manage Sotherly’s 10 hotels. The acquisition expands KWHP and Ascendant’s portfolios in Southeastern U.S. Apollo and Ascendant provided debt financing. The strategic move aims to enhance guest experiences through operational excellence and hospitality expertise.

Hyatt Reports Q4 and Full-Year 2025 Results

📈 Hyatt Hotels Corporation reported a 4.0% RevPAR growth in Q4 and 2.9% for 2025. Their net income for 2025 was a $52 million loss, with an adjusted net income of $209 million. Gross fees reached $1,198 million for 2025, up 9.0%. Total debt was $4.3 billion, with $2.3 billion in liquidity. They closed $140 million in property sales and announced a $0.15 dividend per share for Q1 2026, payable March 12.

1 min

hihotels Announces Addition of Three Converted Properties

🏨 hihotels by Hospitality International adds three newly converted properties in February 2026 in Louisiana, Texas, and New Jersey. The properties include Scottish Inns & Suites in Vinton, LA (45 rooms), Kingwood, TX (41 rooms), and Red Carpet Inn & Suites in Maple Shade, NJ (48 rooms). These conversions, previously Cobblestone Inn & Suites, Americas Best Value Inn & Suites, and Motel 6, exemplify hihotels' growth strategy. Owner Anil Patel highlights franchise stability as a key factor.

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