LODGING Staff - 10 Minutes News for Hoteliers - Page 57

1 min

CoStar Reports Negative U.S. Hotel Industry Performance Results in July

📅 July 2025 in Arlington, Virginia: The U.S. hotel industry faced declines compared to July 2024. Occupancy dropped to 68.2% (a decrease of 1.0%), ADR fell to $161.90 (down 0.1%), and RevPAR decreased to $110.37 (down 1.1%). New York City had the highest occupancy among the Top 25 Markets at 85.2% (down 1.1%), while New Orleans and Phoenix recorded the lowest, at 53.9% and 55.3% respectively.

1 min

Dreamscape Hospitality Assumes Management of St. Clair Inn

🏨 Dreamscape Hospitality has taken over management of the St. Clair Inn in St. Clair, Michigan, as of 2025. Originally opened in 1926, the historic inn will join the Marriott Tribute Portfolio. The property includes 85 guestrooms and suites, three cottages, and over 34,000 square feet of event space. With a focus on enhancing its unique charm and guest experience, Dreamscape plans significant renovations. Culinary options include The Dive, Prohibition Bar, and 1926 Restaurant.

2 min

Preferred Hotels & Resorts Accepts Keswick Hall Into Legend Collection

🏨 Keswick Hall, built in 1912, joins Preferred Hotels & Resorts’ Legend Collection in the Virginia Piedmont region. This historic landmark features 80 guestrooms and is surrounded by over 30 vineyards near Monticello and the University of Virginia. Amenities include a Pete Dye golf course, spa, two pools, and dining at Marigold by Jean-Georges. Special experiences include Polo at King Family Vineyards and the BMW Drive Program. The estate emphasizes Virginia’s cultural and natural heritage.

1 min

HVMG Announces Addition of Nine Hotels to Its Portfolio

🏨 Hospitality Ventures Management Group (HVMG) announced nine new management agreements in 2025, including a ground-up development, expanding its portfolio across Georgia, Florida, North Carolina, and Texas. The additions include a total of 1,485 rooms in Marriott, Hilton, and IHG-branded hotels. HVMG aims to add six more hotels by the end of the year. The company also appointed Jessica Myers as VP of Finance and Drew Slayton as VP of Business Development and launched Elevate Renovations + Development.

3 min

This Week’s Comings & Goings

📌 Omni Hotels & Resorts promoted Laura Trussel McKoy to Chief Creative Officer. Aimbridge Hospitality appointed Chris O’Donnell as President of Select Service on September 15. Accor named Ranju Alex as CEO for South Asia. Lido House appointed Rory Emslie as General Manager. The Kimpton Brice appointed Adam White as General Manager. Hyatt Regency Huntington Beach Resort & Spa appointed Jason Baer as Director of Sales and Marketing. Hotel Equities announced several executive appointments across operations, finance, and marketing teams.

1 min

Recreation at Moxy NYC Downtown Completes Redesign

🏖 Moxy NYC Downtown in New York unveils a redesigned space in August 2025, blending vintage gaming and mid-century Americana. The updates feature leather seating, custom medicine ball ottomans, and rich fabrics in greens, teals, and reds. Jonathan Knudsen, CEO of Concrete Hospitality Group, notes the space's sophistication and versatility. New menu items include mini martini pairings and Gochujang cocktails. The venue remains a hub for social gatherings and curated events.

4 min

Braemar Hotels & Resorts Initiates Sale Process

💰 Braemar Hotels & Resorts Inc., based in Dallas, Texas, announced the initiation of a sale process. A special committee of independent directors determined a sale would maximize shareholder value. Ashford Inc. agreed to a $480 million fee upon a change of control. An initial $17 million was paid, credited against the sale fee if completed by July 1, 2028. Buyers must assume existing management agreements or pay $25 million for cancellation. Baird is the financial advisor; no sale deadline is set.

1 min

Hospitality America Hosts PEACH Con 2025

📈 In Greenville, South Carolina, Hospitality America's PEACH Con 2025 convened over 50 hotel leaders and experts. This three-day event emphasized strategies for boosting performance and adapting to hospitality trends. Keynote speakers included Hospitality America CEO Ben Campbell and Olympian Ryan Lavarnway, focusing on leadership and resilience. Topics such as labor efficiency, AI transformation, and economic outlook were discussed. Plans for an expanded PEACH Con 2026 are already in progress, promising new sponsor activations.

1 min

Ashford Hospitality Trust Announces Two Sales

💰 Ashford Hospitality Trust sold the Hilton Houston NASA Clear Lake in Houston, Texas, for $27 million and Residence Inn Evansville East in Evansville, Indiana, for $6 million. The sales, completed by July 31, 2025, resulted in a 1.3% capitalization rate or 45.3 times Hotel EBITDA, adjusting for capital expenditures. Without these adjustments, the rate is 2.0% or 28.1 times EBITDA. CEO Stephen Zsigray emphasized the focus on shareholder value and potential future sales.

2 min

Staypineapple Introduces Pet Wellness Program

🐶 Staypineapple partners with Zoundz and VEG ER for Pets to enhance pet wellness at its hotels. Guests booking the Pineapple Pup Package receive a 14-day Zoundz app trial, designed to reduce pet anxiety. This aligns with Staypineapple's pet-friendly goals, addressing increased separation anxiety in 76% of dogs. VEG ER for Pets offers 24/7 emergency care, available at over 100 locations near Staypineapple hotels, ensuring expert veterinary support for traveling pets.

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