Hilton (NYSE: HLT) ended 2023 with the strongest development quarter in its history, opening more new rooms than during any other quarter. The hospitality leader opened 132 hotels and approximately 24,000 rooms between October and December 2023, contributing to full-year openings of 395 hotels and approximately 63,000 rooms to achieve net unit growth of 4.9%.
At the Americas Lodging Investment Summit (ALIS), Marriott International, Inc. (NYSE: MAR) announced the company’s record year of global signings with 52 percent more organic rooms signed in 2023 than in 2022, as it continues to expand offerings for owners, franchisees, and guests. The company also announced that it achieved strong net rooms growth of 4.7 percent in 2023.
Japan Hotel REIT Acquires 170-key Hotel JAL City Kannai Yokohama For JPY4 Billion, 82-key Shanghai Bulgari Hotel Sold For RMB2.4 Billion, Shanghai’s 193-key Wanda Reign on the Bund Hotel Acquired.
Glion Institute of Higher Education proudly announces the successful culmination of "The Glion Alumni Association Accelerator”, a ground-breaking start-up competition and pitch battle that has played a pivotal role in nurturing creativity and entrepreneurship within its esteemed student and alumni community. This unique initiative created a vibrant forum where aspiring entrepreneurs presented their innovative ideas while receiving invaluable mentorship from seasoned industry professionals. As the event unfolded, participants seized the opportunity to showcase their concepts, fostering exposure, networking, and potential financial support for their initiatives.
Wyndham Hotels & Resorts (NYSE: WH) (“Wyndham” or the “Company”), the world’s largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, today confirmed receipt of a 40-page and 65-topic ‘Second Request’ from the Federal Trade Commission in connection with Choice Hotels International, Inc.’s (NYSE: CHH) (“Choice”) unsolicited proposed acquisition of Wyndham:
Archer acquires two Hoxton hotels in London from Norlake Hospitality, Statuto to acquire Mandarin Oriental Paris from MOHG, NH Hotel Group acquires five hotels in Portugal from Minor Hotels, Corum AM acquires two hotels in Warsaw, Poland, from Ghelamco, Silicius sells FERGUS Conil Park hotel in Cadiz, Spain, EPH acquires Hotel des Trois Couronnes in Vevey, Switzerland, Hunton Hotels acquires Holiday Inn Express Southampton, UK, from Brightbay, Atom sells AC Ciudad de Sevilla hotel in Spain, Dutco Group acquires the Mar Hall Resort in Scotland, Thon Property acquires Hotel Terminus Stockholm in Sweden.
Travelodge, the UK’s first budget hotel brand which operates nearly 600 hotels, today announces that it has exchanged contracts to acquire 66 Travelodge-branded hotels on a freehold and long leasehold basis from its largest landlord, LXi REIT plc (“LXi”), for a combined sum of £210 million.
£2 billion of UK hotel transactions were recorded in 2023, according to global property adviser Knight Frank. Q4 was the strongest quarter of the year for investment into the sector with £615 million of deals, representing 31% of the total annual investment activity.
As we reflect back on the year 2023, we want to share the articles that resonated most with our readers on Hospitality Net throughout this past year. We've curated a list of the most engaging opinion articles on our website.
Wyndham Hotels & Resorts (NYSE: WH) (“Wyndham” or the “Company”), today announced that its Board of Directors, following a comprehensive review with its outside financial and legal advisors, has unanimously determined the unsolicited exchange offer (the “Offer”) from Choice Hotels International, Inc. (NYSE: CHH) (“Choice”) to acquire all outstanding shares of Wyndham is NOT in the best interests of Wyndham and its shareholders. The Wyndham Board of Directors unanimously recommends that shareholders NOT tender any of their shares into the Offer.
Prodea to acquire a further 55% stake in MHV from Cypriot group Yoda, Eternam and QuinSpark acquire two hotels in Chamonix, France, Barceló Group acquires Hotel Felipe IV in Valladolid, Spain, MarSenses acquires Ferrera Beach Hotel Apartments in Mallorca, Spain.
CapitaLand Ascott Trust (CLAS) is divesting three hotels in Osaka, Japan to an unrelated third party for a total of JPY10.7 billion (S$99.8 million[1]). The three properties are Hotel WBF Honmachi, Hotel WBF Kitasemba East and Hotel WBF Kitasemba West.
Wyndham Hotels & Resorts (NYSE: WH) (“Wyndham” or the “Company”), the world’s largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, today confirmed that Choice Hotels International, Inc. (NYSE: CHH) (“Choice”), has commenced an unsolicited exchange offer to acquire all outstanding shares of Wyndham common stock. The offer proposed by Choice appears unchanged from the terms outlined in a letter to Wyndham dated November 14, 2023 and is currently valued at approximately $86 per share.
Cliste Hospitality and Warren Private JV acquire Radisson Blu Hotel in Belfast, Van der Valk acquires Radisson Blu Palace Hotel in Spa, Belgium, Hotel Alzinar Mar Suites in Mallorca acquired by Zafiro Group from EIX Hotels.
Hilton (NYSE: HLT) today marked a decade of fast-paced growth since its initial public offering (IPO) on the New York Stock Exchange on Dec. 11, 2013. Over the last 10 years, the more than century-old company has nearly doubled its global property and room count, more than doubled its brand portfolio, more than quadrupled the number of Hilton Honors members worldwide, and delivered total shareholder returns of approximately 330%* – outperforming major indices and industry averages – and was recently named the No. 1 World’s Best Workplace by Great Place to Work.
The Hunter Hotel Investment Conference, Noble Investment Group, and Cecil B. Day School of Hospitality Administration, Georgia State University, are pleased to announce Leslie Hale, President and CEO of RLJ Lodging Trust, will join Mit Shah, CEO of Noble Investment Group, for the 10th Annual Bharat Shah Leadership Speaker Series.
Arrow Global acquires Palmares resort in Portugal from King Street and Kronos, Amixalan acquires the Sercotel Rosaleda Malága hotel in Spain from Activ-Group, Redman Hospitality acquires future Holiday Inn Express in Paris from AKERA, Vicartem and Extendam acquire Hôtel Amiral in Nantes, France, Unike Hoteller acquires Roemskog Spa & Resort in Norway from Bakkegruppen.
American Hotel & Lodging Association (AHLA) President & CEO Chip Rogers is speaking out today in support of the No Hidden FEES Act, which was introduced in the U.S. House of Representatives by Reps. Young Kim, R-Calif., and Kathy Castor, D-Fla.
Gelba Fastigheter acquires 51% stake in Host Property AB, Starwood Capital sells Comfort Hotel Vesterbro in Copenhagen to Nrep, Another Place acquires The Machrie hotel in Scotland, IDF Tourisme & Territoires acquires 11BAUER Paris Saint Ouen.
CapitaLand Ascott Trust to divest two Sydney hotels for A$109 million, Changi Airport's Terminal 2 fully reopens with lush greenery and digital waterfall display, Firefly commences inaugural flight from Penang to Bangkok, Malaysian Government to study feasibility of building pan-Borneo railway, says Transport Minister.