LODGING Staff - 10 Minutes News for Hoteliers - Page 97

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.

2 min

Drury Hotels Announces New Hotel in Lincoln, Nebraska

🏨 Drury Hotels, with over 150 properties in 27 states, is constructing a new Drury Plaza Hotel in downtown Lincoln, Nebraska, near the University of Nebraska-Lincoln and less than 10 minutes from Lincoln Airport. Reservations are open for February 2026 and beyond. The hotel will offer 210 guest rooms, 2,400 square feet of meeting space, and amenities like free hot breakfast, 5:30 Kickback, Wi-Fi, business and fitness centers, an indoor pool, spa, dining options, and a guest market. The property will create about 55 jobs in the Lincoln area.

3 min

Preferred Hotels & Resorts Welcomes 19 New Member Properties

🏠 Preferred Hotels & Resorts added 19 new properties to its global portfolio from January 1 to March 31, 2025. The expansion includes Andronis Luxury Suites in Santorini, Greece, with 39 suites and villas, Boar’s Head Resort in Charlottesville, Virginia, featuring 168 rooms, and Hotel Convent de la Missio in Palma de Mallorca, Spain, offering 27 guestrooms. Other properties span across 12 countries, including NÓR Hotel & Spa in São Roque, Brazil, and The Archipelago in Yilan, Taiwan China. CEO Lindsey Ueberroth highlighted the growth as part of their diverse luxury experiences for travelers. Additional properties joined from cities like Budapest, Milan, Salò, and Charleston.

1 min

AHLA Statement on House Passage of the Hotel Fees Transparency Act

🏨 The U.S. House of Representatives passed the bipartisan Hotel Fees Transparency Act of 2025, introduced by Representatives Young Kim (R-CA-40) and Kathy Castor (D-FL-14). The American Hotel & Lodging Association (AHLA) praised the decision and urged the Senate to follow suit. AHLA has advocated for federal fee-transparency bills, including the 2024 House-passed No Hidden FEES Act and the Senate’s Hotel Fees Transparency Act. This legislation aims to establish a federal standard for price advertising in the lodging industry to ensure consumers see all-in upfront pricing.

1 min

Hilton Reports Q1 2025 Results

🏨 Hilton Worldwide Holdings Inc. reported Q1 2025 results with a diluted EPS of $1.23, adjusted EPS of $1.72, and net income of $300 million. Adjusted EBITDA hit $795 million, with a 2.5% rise in system-wide comparable RevPAR. The company's development pipeline reached 503,400 rooms, marking a 7% increase from the previous year. Hilton added 20,100 rooms, bought back 3.7 million shares, and returned $927 million to shareholders in Q1. Projected full-year 2025 figures include flat to 2.0% RevPAR growth, net income of $1,707-$1,749 million, Adjusted EBITDA of $3,650-$3,710 million, and $3.3 billion in capital returns.

2 min

Marriott Bonvoy Announces Partnership With Award-Winning Chef Pati Jinich

🍕 Marriott Bonvoy partners with Chef Pati Jinich for exclusive gastronomic experiences for members. Jinich, a James Beard Award-winner and NYT best-selling author, brings the heart of Mexican culture and cuisine to Marriott Bonvoy. Recently named in "Post Next: 50 People Shaping Our Society in 2025" and as a Top 5 Border Ambassador by the Council of the Americas, Jinich will also host Marriott Bonvoy Moments, like the recent event at JW Marriott Mexico City Polanco.

2 min

Courtyard Nassau Downtown/Junkanoo Beach Completes First Phase of Remodeling

🏖️ Courtyard by Marriott Nassau Downtown/Junkanoo Beach, located in Nassau, Bahamas, completed its first renovation phase, featuring two pools, on-site dining, an alfresco pool bar, and group hosting capabilities. General Manager Nigel Francis spearheads the transformation aimed at creating a community hub. The hotel is close to Nassau’s downtown, Junkanoo Beach, and 9 miles from NAS International Airport. It boasts over 6,000 square feet of event space, including a ballroom for 250 guests, offering on-site catering and modern audio-visual technology.

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