The Gulf Cooperation Council region in the Middle East presents a unique and complex landscape for hotel investment.
During the fourth quarter, Hilton Hotels & Resorts opened 132 hotels and approximately 24,000 rooms, marking the company's largest expansion quarter to date. The 395 hotel openings and 63,000 rooms during the year reflect commendable net growth of 4.9%. Forecasts for 2024 remain optimistic, with positive net unit growth indicators of between 5.5% and 6.0%.
After buying Radisson Americas in 2022 (67,000 keys) the franchisor is interested in its closest competitor Wyndham Hotel group (802,269 rooms as of January 1st, 2023). But the project is not that easy this time, Wyndham having rejected several times the offer. One question is to be asked, would Choice become too big on the American market regarding its competitors.
Aman Group, which operates some of the world’s most expensive hotels, secured a $360 million investment from a group including a United Arab Emirates wealth fund and an investment firm backed by an influential member of that nation’s royal family.
A strong first quarter to start the year left hotel companies broadly optimistic as executives made widespread increases to full-year 2023 revenue per available room projections.
Amid high inflation and surging energy costs, United Kingdom government officials have asked business owners to not pass on higher costs to consumers. But members of the U.K. hospitality industry say that's asking too much of hotel owners and operators trying to run profitable businesses.
The fall of Silicon Valley Bank and Signature Bank, the largest U.S. banking collapse since the Great Recession, will ultimately lead to a shift in funding sources, difficulty obtaining hotel construction loans and a slowdown in recovery of the already challenging lending environment, say hotel analysts and owners.
A majority of Lodging Industry Investment Council members said they expect full-year lodging real estate transactions in 2023 to exceed the volume in 2022.
The rapid pace of interest rate increases and uncertainty over an economic slowdown have U.S. hotel owners and investors wondering what that means for deals this year.
Challenges and opportunities abound in 2023 for publicly traded hotel companies, and Wall Street analysts who cover those companies say the good and bad won't be felt evenly across different types of companies or throughout the calendar year.
While some factors are easing the constraints on hotel construction, new hotel projects are facing challenges earlier in the development process.
U.S. Gross Domestic Product and hotel demand are strongly correlated. Based on data from 1990 through 2019, changes in demand for hotel rooms year over year have mirrored changes in the GDP, a consistent trend over the past 30 years.
As the Federal Reserve is expected to hike interest rates again next week in its attempt to curb high inflation, billionaire real estate investor Barry Sternlicht says the U.S. central bank has missed the mark.
Accor CEO and Chairman Sébastien Bazin admits that finding capital on Wall Street today is the hardest it has been for a decade.
As the availability of new-construction financing continues to tighten, an increasing number of hotel owners and developers are turning to commercial property assessed clean energy loans.
Accor has announced that it has entered into exclusive negotiations with the Valesco Group to sell its Paris headquarters, the Sequana Tower, for 465 million euros ($461.2 million).
Energy cost increases are causing pain in the United Kingdom hotel industry, and with domestic residents who face less discretionary income because of inflation-linked, higher gas and electricity prices.
The Bank of England has increased interest rates for the sixth time in a row, this time to 1.75%.
The hotel group created by Kike Sarasola in 2005 has been hit really hard by the pandemic. On a strong growth phase in 2020, it didn’t have enough cash flow to face the lack of activity.
The price of gas continues to rise in the U.S., but hoteliers aren't nervous that surging fuel prices or inflation might dampen summer travel demand.