LODGING Staff - 10 Minutes News for Hoteliers - Page 96

2 min

Cendyn Launches Enhancements to RMS Products

📈 Cendyn, a company specializing in hospitality software, announced updates to its revenue management products, Guestrev and Grouprev, aimed at increasing revenue and profitability for hoteliers and casinos. The enhancements include pricing recommendations, access to enriched lost business data, and tracking of rate changes. Additionally, Cendyn has strengthened its partnerships with Amadeus and Agilysys to improve data integration and response times to RFPs. The innovations allow for a deeper understanding of demand and intelligent pricing decisions. Kevin Duncan, SVP of product at Cendyn, emphasized the company's commitment to innovation and driving commercial success for its clients.

2 min

My Place Hotels Marks First Arkansas Location With My Place Hotel-Bentonville/Rogers

👨 My Place Hotels of America opened My Place Hotel-Bentonville/Rogers in Bentonville, Arkansas, the brand's first in the state, developed and managed by TGC Group. The new-build hotel features 63 rooms with amenities including full kitchens, free Wi-Fi, and pet-friendly services. Nearby attractions include over 70 miles of hiking trails, the Rogers Regional Sports Complex, and the Crystal Bridges Museum of American Art. This marks the fourth collaboration between TGC Group and My Place Hotels.

2 min

Meyer Jabara Hotels Continues Texas Expansion

🏨 Meyer Jabara Hotels to operate the 104-room Hilton Garden Inn McAllen Airport, located less than a mile from McAllen Miller International Airport, Texas. This deal is their third in Texas, with properties also in Los Alamos and San Angelo. Owner Hassan Ladha chose Meyer Jabara for their shared values and guest-focused approach. The hotel features amenities such as a fitness center, business center, outdoor pool, and pet-friendly guestrooms with sun terraces. Ladha praises Meyer Jabara's comprehensive services, including renovations, project management, and marketing. A significant renovation is planned for early 2026, targeting public spaces, the restaurant, and guestrooms.

1 min

Crestline Completes Renovation of the TownePlace Suites Suffolk Chesapeake

🏨 Crestline Hotels & Resorts renovated the TownePlace Suites Suffolk Chesapeake, featuring 72 updated suites with new carpeting, paint, lighting, soft goods, and fresh poolside furniture and umbrellas. The property offers studio to two-bedroom suites, complimentary Wi-Fi, daily breakfast, an outdoor pool, a fitness center with a new wall mural, a 24/7 market, laundry facilities, and self-parking. Managed by Crestline Hotels & Resorts, LLC, the hotel is owned by Apple Hospitality REIT, Inc. It is situated near government facilities, businesses, and recreational sites like golf courses, the Great Dismal Swamp National Wildlife Refuge, Colonial Williamsburg, and Virginia Beach.

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.

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