LODGING Staff - 10 Minutes News for Hoteliers - Page 69

2 min

Thomas Financial Group and Phoenix Lender Services Close Loan for Reset Hotel

🏨 In Joshua Tree, California, Thomas Financial Group, part of Community Bankshares Inc., closed a $7.5 million USDA B&I loan to refinance a construction loan for the Reset Hotel, located five minutes from the national park. The hotel spans 11.17 acres, offers 65 modular steel-frame rooms, and includes a swimming pool, clubhouse, and more. Expected to create over 20 jobs, it also involves an $11.2 million CPACE loan, boosting the Morongo Basin economy.

2 min

Remington Hospitality Appoints Cory Chambers as Chief Commercial Officer

📈 Cory Chambers has been appointed as the chief commercial officer of Remington Hospitality in Dallas, Texas. His role focuses on leading the company's commercial strategy, including revenue management and enhancing guest engagement, to support growth in key markets. Chambers previously served at HVMG and has experience with Marriott and White Lodging. He holds a BBA in Marketing from James Madison University and an MBA from Babson College.

1 min

Avion Hospitality Assumes Management of Dual-Branded Hyatt Hotels in Houston

🏨 Avion Hospitality, as of August 2025, manages the dual-branded Hyatt Place and Hyatt House Houston Medical District hotels on behalf of TMC Hotel, LTD. Located near the Texas Medical Center, these hotels offer 298 rooms and 5,700 sq. ft. of meeting space. This expansion increases Avion's Houston footprint to eight properties and its national portfolio to 31 hotels across 13 states, aligning with its growth strategy and operational excellence.

IHG Hotels & Resorts Reports Half-Year 2025 Results

📈 IHG Hotels & Resorts reported half-year 2025 results with a global RevPAR up 1.8% and total gross revenue reaching $16.7 billion. The company opened 207 hotels, signed 324 new properties, and surpassed one million rooms globally. Operating profit increased by 13%, and adjusted EPS rose 19%. The global pipeline has 338,000 rooms across 2,276 hotels. Net debt increased by $579 million, influenced by $605 million in shareholder returns. Adjusted EBITDA was $1,259 million.

CoStar, Tourism Economics Further Downgrade U.S. Hotel Growth Forecast

📈 Arlington, Virginia—2025-26 U.S. hotel growth projections from CoStar and Tourism Economics were downgraded at the 17th Annual Hotel Data Conference. For 2025, demand is down 0.6%, ADR by 0.5%, and RevPAR by 1.1%. In 2026, demand drops by 0.5%, ADR by 0.3%, and RevPAR by 0.7%. GOP margins are cut by 0.3 percentage points for 2025 and 2.3 points for 2026 due to higher F&B costs. Economic recovery is expected post-trade talks.

1 min

Red Roof Inn Washington, D.C. Opens

🏨 Red Roof Inn Washington, D.C. reopened after renovations by owner Gopal, Inc. The 53-room hotel features free Wi-Fi, flat-screen TVs, and expanded cable. Located near key landmarks like Union Station and the White House, it includes amenities like pet-friendly rooms and select rooms with microwaves. It's part of the RediClean® program for enhanced safety. The hotel is conveniently located near Ronald Reagan Washington National Airport.

2 min

DoubleTree by Hilton Dayton/Fairborn Opens After Renovation

🏨 Dayton, Ohio—In 2025, the former Holiday Inn Dayton/Fairborn reopens as DoubleTree by Hilton Dayton/Fairborn after a multimillion-dollar renovation. The hotel features 203 renovated guestrooms, enhanced meeting spaces, and modern amenities like digital key access and Smart TVs. An opening ceremony is planned for September 2025. The redesign pays homage to the area's aviation history, featuring Wright Brothers artwork. Partnerships with nonprofits like 4 Paws for Ability and Habitat for Humanity will continue.

1 min

TownePlace Suites Milpitas Silicon Valley Completes Renovation

🏨 TownePlace Suites by Marriott Milpitas Silicon Valley unveiled its newly renovated 142-suite hotel in Milpitas, California. The renovation included new carpeting, paint, and furnishings in suites and public areas. Located six miles from downtown San Jose, the hotel offers easy access to local attractions and transportation. Amenities include a 24/7 fitness center, outdoor pool, In-a-Pinch market, and complimentary breakfast. General Manager Greg Huber emphasized the focus on comfort and hospitality for modern travelers.

1 min

CoStar: U.S. Hotel Industry Reports Mostly Positive Comparisons

📈 July 27-August 2, 2025, Arlington, Virginia—U.S. hotel industry reports mixed performance: occupancy at 69.5% (down 0.1%), ADR at $161.00 (up 0.5%), and RevPAR at $111.90 (up 0.4%). San Francisco leads with occupancy up 15.5% to 81.7%, ADR up 15.4% to $218.91, and RevPAR up 33.2% to $178.74, boosted by World Transplant Congress. Houston sees declines: occupancy down 19.3% to 61.2% and RevPAR down 25.3% to $69.99 due to Hurricane Beryl aftermath.

Hyatt Reports Q2 2025 Results

💸 Hyatt Hotels Corporation reported second-quarter 2025 results from Chicago, Illinois. RevPAR increased 1.6%, while net rooms growth was 11.8%. Net income was a $3 million loss, with adjusted net income at $66 million. The Playa Hotels Acquisition cost $2.6 billion, with a $2 billion real estate sale to Tortuga Resorts expected by year-end. Total debt reached $6 billion. Hyatt opened 8,920 rooms and plans $300 million in shareholder returns. A $0.15 dividend is set for September 2025.

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