LODGING Staff - 10 Minutes News for Hoteliers - Page 35

3 min

MGM Resorts International Reports Q3 2025 Financial Results

💸 MGM Resorts reported a 2% increase in consolidated net revenues for Q3 2025, totaling $4.3 billion. However, they faced a net loss of $285 million due to a $256 million goodwill impairment charge. Las Vegas Strip revenues dropped 7% to $2 billion. MGM China saw a 17% rise in revenues to $1.1 billion. The BetMGM venture anticipates at least $100 million in cash distributions in Q4 2025, reflecting ongoing growth.

2 min

IDeaS Announces Partnership With EOS Investors

📈 In 2025, Minneapolis, Minnesota: EOS Hospitality, managing 60 U.S. properties, partners with IDeaS for a three-year tech upgrade. EOS will migrate 50 properties to the IDeaS G3 Revenue Management System, enhancing scalability and performance insight. Tools like Optix and RevPlan will offer real-time data and financial forecasting. Sanjay Nagalia of IDeaS emphasizes strategic growth, while EOS’s Ernest Lee highlights increased collaboration and productivity. EOS aims for commercial success with this tech transition.

2 min

W Hotels Completes Renovation of W Hoboken

📍 W Hotels completed the renovation of W Hoboken, located on the waterfront across from New York City. The hotel features 223 guestrooms and 20 Superior Suites with panoramic skyline views. The Living Room Bar, offering various dining options, joins Halifax and Sushi by Bou restaurants. Additional amenities include FIT gym and flexible meeting spaces. The transformation aims to redefine luxury lifestyle hospitality, blending bold design and vibrant energy.

6 min

This Week’s Comings & Goings

🏨 AHLA appointed Brett Horton as Chief Advocacy Officer to oversee advocacy strategies. Kempinski Hotels appointed Paul Lonergan as Chief Operating and Asset Management Officer for EMEA, Americas, and Asia Pacific. Dimension Hospitality hired Aimee Mangold as Chief Human Resources Officer. TPG Hotels & Resorts added Brian Bradford as SVP, Hospitality Finance. CoralTree Hospitality appointed Darlene Vanderlaan and Ben Whitefox as VPs of Finance. Various other leadership changes occurred across major hospitality brands, focusing on strategic growth and management improvements.

2 min

Mews Acquires DataChat AI Platform

🌐 DALLAS, Texas—Mews announced the acquisition of US-based AI company DataChat to enhance its hospitality systems. DataChat’s platform enables natural language interaction with business data, generating insights and workflows without coding. This acquisition aims to accelerate the development of autonomous and semi-autonomous agents within Mews, covering reservations, operations, and guest experiences. Richard Valtr, Mews founder, emphasized the move towards intelligent platforms, while Viken Eldemir, DataChat CEO, highlighted the potential for increased personalization in hospitality.

2 min

Sonesta Adds Laxmi to Its Franchise Portfolio

🏨 Sonesta International Hotels Corporation announced the opening of 18 hotels with Laxmi Hotels Group in September 2024, marking a milestone in selling 113 managed properties. Laxmi manages 11 hotels, and Ark Hospitality handles seven, all under the Sonesta Select brand. The total portfolio, including 30 Sonesta Select, 44 Sonesta ES Suites, and 39 Sonesta Simply Suites, adds 14,803 rooms across 28 states. The new locations are in Florida, Georgia, New Jersey, Tennessee, Indiana, Kansas, Massachusetts, North Carolina, South Carolina, and Pennsylvania.

2 min

Radisson Hotel Group Highlights Global Signings and Openings

🏨 Radisson Hotel Group added over 210 signings and openings in 2025. In EMEA, Radisson Blu expanded in France, Germany, Türkiye, and Montenegro. France saw significant growth with new hotels in Lyon and Paris. Radisson RED opened in the UK, Romania, India, UAE, and Thailand. Radisson Individuals reached 100 hotels since 2020. China saw 130 new hotels, and India surpassed 200. Radisson's resort portfolio grew to over 160 properties worldwide, including new locations in Europe and Asia.

2 min

JLL Announces Sale of Courtyard Wayne Fairfield

🏨 JLL’s Hotels & Hospitality Group announced the sale of the 122-room Courtyard by Marriott Wayne Fairfield, located 20 miles from New York City, to Concord Hospitality. The hotel, featuring 73 king rooms and other room types, includes amenities like an indoor pool and 1,587 sq. ft. of meeting space. Situated near Willowbrook Mall and major transport routes, the transaction highlights strong market interest, with financing secured through M&T Bank.

2 min

NYU SPS Tisch Center for Hospitality Announces Collaboration With AHLA Foundation

🎓 NYU School of Professional Studies (NYU SPS) collaborates with the AHLA Foundation to offer credits toward an Associate of Applied Science (AAS) in Hospitality Management. Apprenticeship participants can earn up to 27 of the required 60 credits. This partnership aids career advancement in the hospitality sector by bridging work experience with academic achievement, providing a pathway to job readiness or further study.

2 min

Lodging Econometrics: U.S. Hotel Construction Pipeline Remains Steady in Q3 2025

🏨 In Q3 2025, the U.S. hotel construction pipeline reached 6,205 projects/728,416 rooms, with a 1% increase in rooms year-over-year. The under-construction projects numbered 1,118 with 137,620 rooms. Upper-midscale and upscale chain scales represented 59% of all projects. Extended-stay hotels accounted for 40% of projects. Brand conversions hit a record with 1,477 projects/148,035 rooms, up 18% by projects YOY. By year-end 2025, 692 new hotels/79,847 rooms are expected, with growth rates of 1.4% for 2025.

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