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Hotel News Now

@Hotel_News_Now

Vital information for hotel decision makers. Part of @CoStarNews. Sign up for the Daily Update here:
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linkhttps://www.costar.com/news/section/hospitality calendar_today10-08-2010 16:19:17

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The agreements between Pennsylvania's attorney general and several hotel companies over disclosure of mandatory fees, such as resort fees, could have far-reaching effects on the U.S. hotel industry.
costar.com/article/114641…

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In a move that officially takes its takeover plans formally hostile, Choice Hotels International announced a formal exchange offer for all outstanding Wyndham Hotels & Resorts shares including $49.50 in cash and 0.324 shares of Choice common stock.
costar.com/article/123130…

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Fewer room nights were booked at U.S. hotels in October than in September, but total hotel revenues and profits increased month to month and year over year, according to STR's profit-and-loss data.
costar.com/article/124685…

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The redeveloped Kona Village, a Rosewood Resort, on the Big Island in Hawaii has a strong focus on the history of the land and culture of the people who live there.
costar.com/article/211662…

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Choice Hotels International’s pursuit of Wyndham Hotels & Resorts continues to heat up, and an analyst says the former’s decision to engage in a hostile takeover was the logical next step after discussions between the two companies fizzled out.
costar.com/article/167597…

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During a presentation for PKF Hospitality Group's 196+ Summit Americas, CoStar's Jan Freitag (Jan D. Freitag) explains the U.S. hotel industry's expected trajectory and how different hotel and demand segments are recovering.
costar.com/article/161651…

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The Baird/STR Hotel Stock Index, comprising 20 publicly listed hotel brand firms and hotel real estate investment trusts, gained 9.3% in value in November. costar.com/article/125519…

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Lodging Analytics Research & Consulting is predicting a widescale rebound in inbound international travel based on a weakening U.S. dollar.
costar.com/article/297810…

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This year Valencia Hotel Collection is celebrating 20 years in business, but now with a new identity, changing its name from Valencia Hotel Group. COO Roy Kretschmer said the Houston-based company is considering new markets and opportunities for growth.
costar.com/article/711320…

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In a move that officially takes its takeover plans formally hostile, Choice Hotels International announced a formal exchange offer for all outstanding Wyndham Hotels & Resorts shares including $49.50 in cash and 0.324 shares of Choice common stock.
costar.com/article/123130…

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The U.S. Supreme Court dismissed a lawsuit that could have provided clarity on the legal standing of ADA testers to sue hotels over online descriptions of accessibility features.
costar.com/article/130093…

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The Baird/STR Hotel Stock Index, comprising 20 publicly listed hotel brand firms and hotel real estate investment trusts, gained 9.3% in value in November. bit.ly/48eV4ha

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Approximately 12,000 of the 16,000 hotel rooms under construction across Texas are expected to be completed in 2024, across 123 properties. Here's a look at the four most-anticipated hotel openings for 2024. costar.com/article/906829…

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Hoteliers are being cautious with development plans in Central Asia, citing economic instability and political uncertainty. bit.ly/3GF4YNi

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Tourism Economics forecasts no growth in U.S. gross domestic product during the first two quarters of 2024, but travel demand is expected to remain despite the slowdown, which is much different than past slowdowns.
costar.com/article/736761…

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Ashford Hospitality Trust has given back the keys to five hotels to a mortgage lender, a move completing a transfer announced earlier this year, to help it shore up its balance sheet. This leaves the Dallas-based REIT with 95 U.S. hotels in its portfolio.
costar.com/article/759820…

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Guillermo Bravo, chief investment officer of Mexican hotel REIT FibraHotel, discussed his company's investment profile during a podcast. Large-scale investment groups haven't always been keen on investing in FIBRAs, but that has changed over time.
costar.com/article/152703…

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: The Hotel News Now podcast spanned the globe last month, tackling issues as varied as filling yourself on Thanksgiving dinner to focusing on well-being. Here's a look at the podcasts published by Hotel News Now in November.
costar.com/article/781447…

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Singapore's Mandarin Oriental reopened in September following a six-month renovation, including its public spaces and guest rooms.
costar.com/article/549965…

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The pace of hiring in Orlando’s accommodations industry has exceeded the hotel industry’s performance over the past year and reflects an industry that is still recovering from dramatic job losses during the pandemic.
costar.com/article/593712…

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