LODGING Staff - 10 Minutes News for Hoteliers - Page 83

3 min

This Week’s Comings & Goings

📋 Kristen Pratt joins Onyx CenterSource as SVP of partnerships and business development. Michele Roberts, with 25+ years of experience, becomes SVP of sales at Pacifica Hotels. Melissa Brown and Chandi Saunders, each with 20+ years in hospitality, are promoted to VP of commercial strategy at Aperture Hotels. Kristie Byrd appointed VP of sales at Lodging Dynamics Hospitality Group, bringing 29+ years of experience. CBRE promotes Will Pike to president of U.S. industrial & logistics capital markets, Chris Riley transitions to chairman of Robinson Weeks Partners. Rafael Ortiz-Martínez is now general manager of The Inn at Celebration, part of Autograph Collection Hotels. Fernando Flores becomes general manager of Esperanza, Auberge Resorts Collection. Ramy Haykal, with 20+ years in hospitality, is appointed GM of InterContinental Dominica Cabrits Resort & Spa. Vintners Resort announces Michael Collins as GM, leading a $15+ million renovation for summer debut. Nicholas Siracusa appointed GM at Arlo Wynwood in Miami. Mark Kirsch hired as GM for dual-branded AC Hotel by Marriott and Element by Westin in Las Vegas. Abbey Sports becomes GM of Exclusive 30A in South Walton, Florida. Richard Armstrong promoted to operations manager at Sprague Pest Solutions' Idaho Falls branch. Tatiana Rosana becomes first regional director of culinary for Independent Collection Hotels & Resorts. Tim Sanchez appointed director of food and beverage at The

5 min

Hyatt Reports Q1 2025 Results

🏨 Hyatt Hotels Corporation, in its Q1 2025 report, announced a 5.7% increase in RevPAR, 10.5% net rooms growth, and a net income of $20 million with adjusted net income at $46 million. EPS was reported at $0.19, with adjusted EPS at $0.46. Gross fees surged by 16.9% to $307 million, and adjusted EBITDA grew 5.4% to $273 million, or 24.4% when accounting for 2024 asset sales. The pipeline included approximately 138,000 rooms, and the company repurchased 1.1 million shares for $149 million. Full-year 2025 projections indicate a RevPAR growth of 1-3%, net rooms growth of 6-7%, and a net income between $95 and $150 million. Adjusted EBITDA is expected to reach $1,080 to $1,135 million, representing a 6-12% increase, while adjusted free cash flow is forecasted between $450 and $500 million, not including certain acquisition-related costs. Hyatt entered into a $1.7 billion loan agreement to finance the Playa Hotels Acquisition. As of March 31, 2025, Hyatt had a total debt of $4.3 billion, total liquidity of $3.3 billion, and a remaining share repurchase authorization of $

2 min

Sonesta Executes Strategic Agreement With AKEN Hotels & Resorts

🏨 Sonesta International Hotels Corporation will finalize a strategic alliance with AKEN Hotels & Resorts LLC by mid-year, enhancing Sonesta’s international growth in South America and the Caribbean. Their collaboration aims to integrate AKEN’s properties into Sonesta's loyalty ecosystem, tapping into Latin America’s cultural richness and ecotourism, and providing guests with immersive local experiences. The alliance is expected to create a broader global audience for South American hospitality and contribute to Sonesta's expansion strategy, leveraging AKEN’s local insight and operational excellence.

2 min

Sage Lane Partners Acquires Hampton Inn & Suites Prattville

🏨 Sage Lane Partners and ARK Holdings acquired the 101-room Hampton Inn & Suites in Prattville, Alabama, with ARK Hospitality to operate it. Sage Lane has over $350 million in assets managed since its 2024 formation. They plan up to three hotel acquisitions and two development deals in the current year. The hotel offers a fitness center, pool, business center, 576 square feet of event space, free breakfast, and Wi-Fi. Sage Lane targets value-add and opportunistic investments, partnering with investors for substantial returns.

5 min

Wyndham Hotels & Resorts Reports Q1 2025 Results

🏨 Wyndham Hotels & Resorts, in Parsippany, New Jersey, reported Q1 2025 results: 15,000 room openings (up 13% YoY), system-wide room growth at 4%, 181 global development contracts (a 6% increase), and a development pipeline at 254,000 rooms (up 5% YoY). Global RevPAR rose 2%, net income hit $61 million (vs. $16 million prior year), and adjusted EBITDA increased 3% to $145 million. The company returned $109 million to shareholders through repurchases and dividends, with a net debt leverage ratio of 3.5. 📈

1 min

Crestline Hotels & Resorts Assumes Management of AC Hotel Seattle Downtown

📌 Crestline Hotels & Resorts LLC has taken management of the AC Hotel Seattle Downtown, which opened less than a year ago and features 200 guestrooms. Located near tech giants like Amazon, Meta, Google, and major landmarks such as the Space Needle, this hotel offers amenities like complimentary high-speed internet, in-room coffee makers, and an onsite fitness center. The property has three event rooms and offers European-style breakfast and evening tapas. The 11-story building was developed by Nexera Capital.

4 min

Choice Hotels International Opens Its 69th Annual Convention

📈 At the 69th Annual Convention in Las Vegas, Choice Hotels International's CEO Patrick Pacious addressed hotel owners and partners, focusing on the future of hospitality. The company noted a 40% business traveler clientele, a 44% increase in upscale rooms last year, loyalty membership surpassing 70 million, and a 6% year-over-year increase in direct bookings. Over $25 million in operational cost savings were found, with a 9% average savings on food costs since July 2024. ChoiceROCS consultancy led to a 100-basis-point premium in RevPAR Index and $81 million in incremental revenue. Strategic partnerships boosted group and transient business revenue by 45% and 20%, respectively. Choice plans further innovation with AI and new brand features, aiming to open 25 Everhome Suites by 2025 and continuing growth in upscale segments with over 110,000 rooms.

2 min

Peachtree Expands Debt-Free DST Platform With New Jersey Hotel Offering

🏡 Peachtree Group launched the 114-key Residence Inn Ocean Township in New Jersey, its eighth Delaware Statutory Trust (DST) offering since 2022. The hotel is located in Monmouth County, one of the wealthiest U.S. counties, near beach destinations Asbury Park, Long Branch, and Sandy Hook. Netflix's $900 million investment in Fort Monmouth is expected to create 3,500 construction and 1,500 permanent jobs, boosting local hospitality. Peachtree's eight DST properties total over $220 million in debt-free transactions, aimed at 1031 exchange investors seeking tax deferral and investment in the resilient hotel sector.

3 min

IHG Expands Reach in Mexico, Latin America and the Caribbean

🌝 IHG Hotels & Resorts emphasizes its growth in Mexico, Latin America, and the Caribbean with nearly 400 properties open or in the pipeline. By 2025, IHG expects 32 new hotels across six brands. Recently opened properties include InterContinental Presidente Monterrey in January 2025 and avid hotel Queretaro Centro Sur in March 2025. Upcoming openings feature Six Senses La Sagesse Grenada, Kimpton Mas Olas Resort and Spa, Hotel Indigo Grand Cayman, and Kimpton Monterrey in 2026. The SOUMA Hotel Lima, the first Vignette Collection in South America, launched in March 2025. IHG's mid-range segment grows with over 200 Holiday Inn brand family locations and the avid hotels brand planning nine new Mexican properties. The Atwell Suites brand will debut in Costa Rica. Jolyon Bulley, CEO of IHG Americas, anticipates nearly 100 new regional properties in the future.

1 min

Sonesta Extends Master Franchise Agreement With GHL Hoteles

🌏 Sonesta International Hotels Corporation extended its Master Franchise Agreement with GHL Hoteles until 2034, to develop and franchise its brands in Peru, Colombia, Ecuador, Chile, and Argentina. The company plans to open Sonesta Hotel Miraflores in Lima in summer 2025. Sonesta entered Latin America in 1998 and, with GHL, now operates 14 hotels across Colombia (7), Peru (5), Ecuador (1), and Chile (1), focusing on urban and leisure destinations.

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