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Appointment

Matt Canning has been promoted to General Manager at Hotel Vermont

Matt Canning began his tenure at Westport Hospitality as a key member of Hotel Vermont's opening in 2013. Having worn many hats including Front Office Manager, F&B Manager and Assistant General Manager, Canning is well prepared to succeed van Wees as General Manager. A South Burlington native, Canning's passion for local food and beverage has influenced Vermont's hospitality scene, particularly through his work in beer tourism, agriculture, and restaurant development. "Having worked closely with Hans over the past decade, I am eager to take what I've learned to continue elevating Hotel Vermont as a leader in the hospitality industry," says Canning. "As a lifelong hospitality enthusiast, I am thrilled to continue collaborating with our diverse and amazing team to grow our presence in the Burlington community."

Westport Hospitality, LLC
Burlington, Vermont, United States
Appointment

Christopher Holbrook has been appointed as Complex General Manager at The Westin and Aloft San Francisco Airport

The Westin San Francisco Airport and Aloft San Francisco Airport, two Millbrae hotels located minutes from San Francisco International Airport, announce the appointment of Christopher Holbrook as Complex General Manager. With over 25 years of experience, Holbrook brings his award-winning experience and deeply rooted industry relationships to the 418-room Westin San Francisco Airport Hotel and 298-room Aloft San Francisco Airport hotel, where he will oversee day-to-day operations. In his new role as Complex General Manager, Holbrook will lead the dynamic strategic direction of business initiatives and align efforts with business partners for both hotels. An important member of the Millbrae community, Holbrook currently serves on the SF Peninsula (CVB) Board of Directors and The San Mateo Area Chamber of Commerce Board of Directors.

Aloft
San Francisco, California, United States
Development Renovation

Sofitel New York is thrilled to announce a comprehensive refurbishment project

Sofitel New York, an emblem of contemporary French elegance in the heart of Manhattan, is thrilled to announce a comprehensive refurbishment project. This initiative, coinciding with the 60th anniversary of Sofitel this year, marks a significant milestone for the brand, reflecting its commitment to dynamic and refined luxury under the visionary leadership of CEO Maud Bailly.

Sofitel
New York, New York, United States
Appointment

Natalie Kimball has been promoted to Vice President of Strategic Accounts, Americas & EMEA at Shiji Distribution Solutions

Shiji Distribution Solutions achieved its best year in 2023, doubling booking production from 2019 despite air travel capacity remaining below pre-pandemic levels. Over the past year, the company has expanded its global business footprint considerably, signing new partnerships in Japan, Korea, Taiwan, Indonesia, Europe and the US, while launching a next-generation channel manager for customers in China, the Book & Pay online marketplace, a new Digital Assets Library within IcePortal, and a Switch & UnionPay automated B2B settlement solution. This growth and success highlight Shiji's commitment to investing heavily in innovation and product development, ensuring that it remains at the forefront of hospitality distribution.

Shiji Distribution Solutions
Atlanta, Georgia, United States
Development Pipeline

Hard Rock International Announces REVERB by Hard Rock® Scottsdale Development To Open in 2026

Today, Hard Rock International announced development plans for REVERB by Hard Rock Scottsdale, a music-themed hospitality experience featuring entertainment and outdoor spaces, 195 hotel rooms, an outdoor pool, a rooftop bar and more. The $60 million project in partnership with ERES Capital is expected to open in late spring / early summer 2026, anchoring The Sydney, a mixed-use entertainment-focused development in the heart of Scottsdale's 101 Entertainment Corridor.

REVERB by Hard Rock
Scottsdale, Arizona, United States
Press Release Markets & Performance

Lodging Analytics Research & Consulting (LARC)’s 2Q-2024 Hotel Industry Outlook and Market Intelligence Reports

U.S. economic growth slowed during 1Q-2024 with Real GDP increasing 1.6%, well below 4Q-2023 growth of 3.4%. Despite positive economic growth, U.S. RevPAR only increased 0.2%, as both demand and occupancy declined for the fourth consecutive quarter. January and February RevPAR increased by1.0% and 2.4% respectively, while March decreased 2.2%, largely tied to the Easter calendar shift. While this quarter’s RevPAR growth was negatively impacted by the Easter calendar shift by roughly 100 bps, the second quarter should experience a similar tailwind. 

LARC
United States
Development Rebranding

SH Hotels & Resorts To Transform Seattle’s Pan Pacific Hotel Into 1 Hotel Seattle

SH Hotels & Resorts, the sustainable hotel brand management company founded by hospitality visionary Barry Sternlicht, today announced plans to take over Seattle's Pan Pacific Hotel, which will be transformed into 1 Hotel Seattle in 2025. Set in the trendsetting South Lake Union neighborhood, the hotel is known for its ideal location— near downtown, the Climate Pledge Arena, and Amazon's headquarters. The views from the hotel are spectacular, with many of the rooms overlooking Seattle's famed Space Needle. Throughout the transformation process, the property will continue to welcome guests, offering uninterrupted hospitality amid the evolution into a highly anticipated, nature-inspired sanctuary. When it becomes 1 Hotel Seattle, the reinvented property will fuse sustainable luxury with the restorative power of nature—a trademark of 1 Hotels, the mission-driven hotel brand.

1 Hotels
Seattle, Washington, United States
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Press Release Finance

CapitaLand Ascott Trust fully acquires student accommodation property Standard at Columbia to boost income resilience

CapitaLand Ascott Trust (CLAS) has acquired the remaining 10% stake in Standard at Columbia, a freehold student accommodation property in South Carolina, United States of America (USA). The earnings before interest, taxes, depreciation and amortisation (EBITDA) yield on total development cost is expected to be approximately 7%. This is higher than the 6.2% EBITDA yield that was projected in 2021 on the basis that the property has achieved stable performance. The acquisition is funded by proceeds from CLAS’ earlier divestments.

The Ascott Limited
Columbia, South Carolina, United States
Press Release Development

Marriott International Announces Three Conversions to Bring Iconic Luxury Properties in the United States into the Marriott Bonvoy Portfolio

Marriott International, Inc. [Nasdaq: MAR] announces plans to convert three iconic luxury properties in the U.S. to brands within the Marriott Bonvoy portfolio. Located in some of the most sought-after destinations in the country, The Resort at Pelican Hill, Turtle Bay Resort, and a luxury Midtown hotel in New York City are all expected to join Marriott Bonvoy’s luxury brands this summer.

Marriott
United States
Appointment

Tyler Morrissey has been appointed as Director of Engineering at Luminary Hotel & Co.

Luminary Hotel & Co. is pleased to announce the appointment of Tyler Morrissey as its new Director of Engineering. In this pivotal role, Morrissey will oversee operations and maintenance at Luminary Hotel & Co., ensuring all facilities meet the highest standards of excellence and safety. Morrissey will also ensure compliance with all Fire Department requirements and maintain up-to-date certifications from all relevant federal, state, and local governing agencies.

Mainsail Lodging & Development LLC
Fort Myers, Florida, United States
Press Release Markets & Performance

STR, TE downgrade U.S. hotel forecast

STR and Tourism Economics ​made significant downward adjustments to the 2024-25 U.S. hotel forecast just released at the 46th Annual NYU International Hospitality Industry Investment Conference. The latest revision reflects lower-than-expected performance thus far in 2024 as well as lessened growth projections for the remainder of the year.

CoStar
United States
Opinion Article Markets & Performance

May 2024 Hotel Industry Outlook: Bright Spots and Challenges

Mixed messages abound these days, comprising some bright spots, some not so bright spots, and some challenges. With no coherent theme, the greatest challenge may be developing a forecast for the industry as a whole. But we are undaunted and herewith present our current expectations for the U.S. lodging industry.

Anne Lloyd-Jones
By Anne Lloyd-Jones, MAI, CRE, Director of Consulting & Valuation Services, National Practice Leader, at HVS New York, HVS
United States
Development Opening

Amrit Ocean Resort Opens on Singer Island, Palm Beach Count

Amrit Ocean Resort, a luxury beachfront wellness resort located in Singer Island of Palm Beach County is now open and ready to welcome guests and the surrounding community. Spanning seven beachfront acres along the Atlantic Ocean, this revolutionary, next-generation wellness-focused property merges Eastern principles with Western luxury.

Amrit Ocean Resort & Residences
Riviera Beach, Florida, United States