LODGING Staff - 10 Minutes News for Hoteliers - Page 93

2 min

Wyndham and Le Park Concord to Launch 100 Super 8 Hotels Across Saudi Arabia

🏨 Wyndham Hotels & Resorts partnered with Le Park Concord Company to launch Super 8 by Wyndham in Saudi Arabia, aiming to open 100 hotels in 10 years, with the first expected in 2026. Locations include Riyadh, Jeddah, Makkah, Madinah, Al Khobar/Dammam, and others. The move aligns with Saudi Arabia's tourism goals under Vision 2030, addressing a supply gap in economy accommodations; currently, only 6% of the hotel pipeline is economy/midscale. Le Park Concord manages over 900 rooms and has 13 hotels under development.

2 min

Kimpton Expands Its Presence in Texas With New Luxury Lifestyle Hotel

🏡 Kimpton, part of IHG Hotels & Resorts, plans to open its fourth Texas location in Fredericksburg by 2027. The 210-room Kimpton Fredericksburg will anchor the 22-acre The Meuse development, offering over 18,500 square feet of event space, a 10,000-square-foot pool, dining options, and amenities like a fitness center and yoga mats. Located 90 minutes from Austin and San Antonio, the hotel is part of a mixed-use space with 70,000 square feet of retail and dining, adding to Kimpton's global presence of 79 hotels and 61 projects in the pipeline.

2 min

IHG Implements Genesys Cloud to Elevate the Guest Experience

🔔 IHG Hotels & Resorts implemented Genesys Cloud to enhance guest services and unify global call center operations, with features like booking in Rome, extra pillows in Paris, or room upgrades in Kyoto. Executing one of its largest transformations, IHG migrated thousands of agents and toll-free numbers across eight global sites without downtime. The advanced Genesys Cloud platform includes AI capabilities, voice and digital channels, workforce engagement, and intelligent routing to optimize operations and improve guest interactions.

2 min

Universal Hospitality Solutions Appointed to Manage Crowne Plaza Dallas Downtown

🏨 Universal Hospitality Solutions (UHS) is managing Crowne Plaza Dallas Downtown, featuring 291 guestrooms, with amenities like a fitness center, 30,000 sq ft conference center, and rooftop pool. Located near Kay Bailey Hutchison Convention Center and major airports DAL (7 miles) and DFW (19 miles), the hotel is upgrading bedding, recarpeting corridors, and transforming its snack bar into The MarketPlace. UHS focuses on local community support and environmental collaboration.

1 min

Arriba Capital Secures Refinance for DoubleTree by Hilton Tucson Downtown Convention Center

🏨 The DoubleTree by Hilton Tucson Downtown Convention Center, a 170-room hotel in Tucson, Arizona, received cash-out refinance arranged by Arriba Capital. Developed by Caliber, Rio Nuevo, and the City of Tucson and opened in 2021, it's operated by Highgate under Hilton Worldwide. The refinancing supports ownership, operation, and investment continuity. The hotel, near the Tucson Convention Center, benefits from local events and attractions like the University of Arizona and Tucson Gem and Mineral Show.

2 min

Choice Hotels International Publishes 2024 Sustainability Report

📍 NORTH BETHESDA, Maryland—Choice Hotels International released its 2024 Sustainability Report, revealing its full greenhouse gas inventory and commitment to set science-based targets. The company collaborated with the National Park Foundation, pledging an annual donation of $150,000 and enabling guests to donate through Choice Privileges points. Additionally, Choice's "Your Community, Your Choice" grant program hit a $275,000 total donation to local nonprofits over five years, supporting varied causes important to hotel owners.

3 min

CBRE: Commercial Real Estate Lending Increased in Q1 2025

🏢 Commercial real estate lending in Dallas, Texas, grew by 13% in Q1 2025 from Q4 2024, and 90% year-over-year, with the CBRE Lending Momentum Index surpassing 300 for the first time since Q1 2023. Average loan spreads decreased by 29 bps from the previous year to 183 bps, multifamily loan spreads hit a low of 149 bps since Q1 2022. Banks, capturing a 34% share of non-agency loan closings, were the leading lenders, followed by CMBS conduits at 26% and life companies at 21%. Year-to-date private-label CMBS issuance increased by 132% from last year. Alternative lenders saw a 17% decline in origination activity. Average underwritten cap rates rose to 6.1%, debt yields to 10.3%, and LTV decreased to 62.2%. Government agency multifamily lending reached $22 billion, a 15% annual increase.

4 min

AAA: 45.1 Million Travelers Expected to Go 50 Miles or More for Memorial Day Weekend

🏁 AAA predicts 45.1 million people will travel over Memorial Day weekend from May 22-26, 2025, an increase from the previous year's 44 million. Driving is preferred by 87% with 39.4 million people traveling by car, enjoying lower gas prices compared to last year's $3.59 per gallon. Air travel is up by 2% to 3.61 million passengers, with domestic flights averaging $850. Other modes, including trains, buses, and cruises, will see 2.08 million travelers, surpassing pre-pandemic levels. Overall, 19 million Americans plan to take cruises in 2025.

1 min

Tempo by Hilton Nashville Midtown Celebrates Topping Out Milestone

🏨 Vision Hospitality Group announced the topping out of Tempo by Hilton Nashville/Midtown, a 161-room hotel slated to open at the end of 2025. Located near Vanderbilt University and other landmarks in Nashville's Midtown, this 12-story lifestyle hotel will feature amenities like Moonsong Café, a 1,000-square-foot fitness center, and over 1,000 square feet of meeting space. BCA Architects and 1213ID designed the hotel, with financing from Commerce Bank.

1 min

Tempo by Hilton Nashville Midtown Celebrates Topping-Out Milestone

🏨 Officials from Vision Hospitality Group, Inc. announced that Tempo by Hilton Nashville/Midtown has topped out this week. The 161-room, 12-story hotel is located in Nashville’s Midtown district and is set to open by the end of 2025. It will feature Moonsong Café, a 1,000-square-foot fitness center, and over 1,000 square feet of meeting space. Designed by BCA Architects, with interiors by 1213ID, Commerce Bank is financing the project.

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