An Inside Look at Mattresses: Delving Into the Technology Prior to Procurement
Lodging
by George Seli
3h ago
A high-quality mattress promotes the restful sleep that is one of the fundamental offerings of the hotel industry. But even top-tier mattresses eventually need replacing, and at that point procurement will need to investigate the products in the ever-evolving bedding market. Given the variety of products in terms of price point and features, it’s best to start this exploration well before the warranty expires on the hotel’s current mattresses, advised David Wiles, director of Tempur […] The post An Inside Look at Mattresses: Delving Into the Technology Prior to Procurement appeared first on LO ..read more
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Accor Releases Q1 2024 Results
Lodging
by LODGING Staff
3h ago
The first quarter of 2024 demonstrated the hotel demand in all Accor Group regions and segments. Operating performance indicators (RevPAR and portfolio growth) are trending positively, and the group has continued to manage its balance sheet in line with its commitments. Sébastien Bazin, chairman and CEO of Accor, said, “In this first quarter, marked by the group’s return in CAC 40, Accor once again delivered a solid performance, increasing revenue in all regions, notably in […] The post Accor Releases Q1 2024 Results appeared first on LODGING Magazine ..read more
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Sonnenblick-Eichner Arranges Equity Investment for Pacific City Lodging Portfolio
Lodging
by LODGING Staff
3h ago
LOS ANGELES, California—Sonnenblick-Eichner Company has arranged a strategic joint venture equity investment into the ownership entity of the Pacific City Lodging portfolio, located in Pacific City, Oregon. The Pacific City Lodging portfolio is a collection of oceanfront resort properties comprised of the Headlands Coastal Lodge & Spa, the Inn at Cape Kiwanda, Hart’s Camp, and the Cape Kiwanda RV Park. Noble House Hotels & Resorts of Kirkland, Washington, provided the investment into the partnership. This […] The post Sonnenblick-Eichner Arranges Equity Investment for Pacific City Lodg ..read more
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Hilton Garden Inn Atlanta East/Stonecrest Completes Renovation
Lodging
by LODGING Staff
7h ago
STONECREST, Georgia—Artemis Hotel Group announced the completion of a full-scale renovation for the Hilton Garden Inn Atlanta East/Stonecrest, located in Lithonia, Georgia. The 110-room property managed by GF Hotels underwent an extensive transformation encompassing the entire property, including the exterior, guestrooms, corridors, and public areas. The guestroom renovation included new case goods, soft goods, and updated bathrooms, providing a contemporary design. The public space refresh includes a new front desk with a lobby bar and […] The post Hilton Garden Inn Atlanta East/Stonecrest Co ..read more
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CoStar: U.S. Hotel Performance Continues to Show Mixed Results
Lodging
by LODGING Staff
7h ago
WASHINGTON—U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through April 20, 2024. U.S. Hotel Performance April 14-20, 2024 Percentage change from comparable week in 2023:Occupancy: 66.8 percent (down 0.3 percent)ADR: $158.60 (up 1.5 percent)RevPAR: $105.94 (up 1.2 percent) Among the Top 25 Markets, Philadelphia reported the largest year-over-year increases in occupancy (up 14.3 percent to 72.1 percent) and RevPAR (up 23.2 percent to $114.11). Washington, D.C., posted the […] The post CoStar: U.S. Hotel Performance Continues to Show Mixed R ..read more
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Choice Hotels Publishes 2023 ESG Report
Lodging
by LODGING Staff
1d ago
NORTH BETHESDA, Maryland—Choice Hotels International, Inc. published its 2023 Environmental, Social, and Governance Report. The report details Choice’s latest initiatives to drive sustainability across its portfolio of hotels. This includes new and expanded requirements to help reduce utility usage and identify savings through its revamped Room to be Green verification program. As part of this initiative, the report highlights the adoption of Choice’s automated utility tracking dashboard, with over 2,600 properties participating and counting. “At […] The post Choice Hotels Publishes 2023 ESG R ..read more
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World of Hyatt Platform Adds More Than 700 Properties From Mr & Mrs Smith
Lodging
by LODGING Staff
1d ago
CHICAGO—Hyatt Hotels Corporation announced that World of Hyatt is offering members access to earn and redeem at a collection of more than 700 boutique and luxury hotels and villas around the globe with Mr & Mrs Smith. From glamping stays and wellness retreats to palazzos, ski resorts, and more, members can earn and redeem World of Hyatt points when they book through Hyatt channels. The participating properties from the Mr & Mrs Smith portfolio add […] The post World of Hyatt Platform Adds More Than 700 Properties From Mr & Mrs Smith appeared first on LODGING Magazine ..read more
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Lodging Econometrics: U.S. Hotel Construction Pipeline Shows Robust Growth
Lodging
by LODGING Staff
1d ago
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there were 6,065 projects with 702,990 rooms in the pipeline. This new all-time high represents a 9 percent year-over-year (YOY) increase in projects and a 7 percent YOY increase in rooms compared to last year. The details can be seen directly within the stages of the pipeline, which all saw YOY growth […] The post Lodging Econometrics: U.S. Hotel Construction Pipeline Shows Robust Growth appeared first on LODGING Magazine ..read more
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Wyndham Hotels & Resorts Reports Q1 2024 Results
Lodging
by LODGING Staff
1d ago
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced results for the three months ended March 31, 2024. Highlights include: “We’re thrilled to announce another strong quarter of progress in our executions, openings, franchisee retention, and net room growth around the world,” said Geoff Ballotti, president and CEO. “Increased interest from hotel owners in our brands has propelled our development pipeline to a record 243,000 rooms, marking an impressive 8 percent increase. Our strong balance sheet and […] The post Wyndham Hotels & Resorts Reports Q1 2024 Results appeared first on L ..read more
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This Week’s Comings & Goings
Lodging
by LODGING Staff
1d ago
Concord Hospitality announced the appointment of Will Loughran as its new chief operating officer. He will report to Mark Laport, president and CEO. He succeeds Nick Kellock, who will retire in May. Aimbridge Hospitality announced Greg Moundas as chief legal officer, reassuming the role after a short stint away from the organization. Moundas will play a key role in the company’s executive team. Mainsail Lodging & Development announced the promotion of Sara DeBerry to regional […] The post This Week’s Comings & Goings appeared first on LODGING Magazine ..read more
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