MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today announced it has closed on the sale of the operations of The Mirage Hotel & Casino ("The Mirage") to Hard Rock International ("Hard Rock") for $1.075 billion in cash.
Perfectly wrapped gifts, sparkling lights and lush garlands — the holiday season is upon us. The best part? Decorating, of course! Evoking fond memories of childhood and time spent with loved ones, the magic of the holidays is often intertwined with getting your home ready to experience the celebrations of the season. Fortunately for us (and our future holiday-scapes), we have Amber Lanwermeyer, social media director at St. Louis Union Station, Curio Collection by Hilton.
Le Méridien New York, Fifth Avenue invites creative travelers to reminisce on the glamorous days of travel and indulge in the brand's European spirit of savoring the good life.
Amadeus, a global leader in travel technology, with its unique ability to track forward-looking occupancy in major markets around the world, is seeing a positive trend in U.S. hotel bookings for the 2022 holiday season. Amadeus’ Demand360® business intelligence data shows that as of December 8, 2022, U.S. occupancy for the last two weeks of the year (Dec 18-31) is currently at 27%, pacing 1% behind the same time in 2019 and for the week of December 25, 2022, six of this year’s top 10 markets exceed 2019 occupancy.
Highgate Hotels, which has more than 500 owned or managed properties globally, but not a true brand, has one now.
Pyramid Global Hospitality today announced the company has closed the acquisition of the operating division of Provenance Hotels, an independent owner of boutique hotels. The transaction adds 12 full-service, independent hotels to Pyramid’s national network of managed properties. In a related transaction, Gencom, an international owner and developer of hospitality and residential properties, acquired a 50% ownership stake in eight Provenance hotels.
Moving into 2023, the hospitality industry continues to advance in guest-facing as well as back-office technology, allowing hotel owners and management groups the ability to increase revenue, lower labor costs, and streamline accounting functions, all while realigning resources to improve the guest experience. Some trends have been around for a while and continue to advance, such as cloud-based platforms, while there are others in the hospitality industry taking steps toward smart hotels and artificial intelligence. Over the course of 2023, you will see the industry shift to a level of progressiveness that we’ve never seen before by using more automation and contactless options as we build the bridge between the digital and physical worlds.
The U.S. National Labor Relations Board is nearing its extended deadline for public comments on proposed changes to the joint-employer standard that could further complicate relationships between companies working together, particularly hotel operators and third-party vendors.
The hospitality industry continues to rebound from the decline in travel during the COVID-19 pandemic. Yet, one lingering impact looms. With maintenance and renovation projects mostly deferred over the last two-and-a-half years, guest satisfaction is taking a hit from outdated and inconsistent hotel conditions. The latest J.D. Power North America Hotel Guest Satisfaction Index shows that overall guest satisfaction is down 8 points on a 1,000-point scale, driven in part by dissatisfaction with guest rooms.
Winston Hotels LLC—a leader in hotel development, repositioning, and reuse across the U.S.—announced the Element by Westin's (Element) opening date of December 20th. The opening of the Element will mark the final phase of opening for the fully renovated, upscale home of two hotels—AC by Marriott and Element by Westin— and 1Watson Rooftop Bar + Lounge located at 111 Soledad St. between Houston and Commerce Streets, overlooking the San Antonio River Walk.
Infor®, the industry cloud company, today announced that MMI Hotel Group, a fast-growing hotel management company, has selected Infor Hospitality to provide hospitality management and pricing solutions for its expanding independent property base. Set to implement these new applications at select properties, MMI will have access to cloud-based tools that will allow its teams to better serve guests and achieve competitive positioning through dynamic pricing strategies. Infor will provide MMI with easy access to valuable incoming data that can quickly be turned into action, allowing teams to better track guest preferences, simplify reservations and provide consistent quality and services.
Aimbridge Hospitality, a leading global hospitality company, continues to expand its portfolio with the addition of three extended stay properties to its Select Service division. Conveniently located near airports in Mississippi, Virginia and Wisconsin, the properties were recently acquired by Three Wall Capital and bring 296 keys under Aimbridge Hospitality management.
Luxury Boutique Hotel Group Adds Second Property In Monterey Bay.
Kimpton Hotel Monaco Salt Lake City, a downtown property that sits at the base of the white-capped Wasatch Mountains, announces the hire of Nathan Sporbert as its new general manager. Sporbert brings eight years of diverse industry experience with him, with his most recent role serving as the Hotel Manager for the Kimpton Hotel Palomar Phoenix. While he is a familiar face to the Kimpton brand - having worked for several other properties, including opening the Kimpton St. George in Toronto, Kimpton La Peer in West Hollywood, and the Kimpton Aertson in Nashville - he also brings a wealth of knowledge of the hospitality industry. Sporbert graduated from Arizona State University with a Bachelor's in Business Management, and immediately began a career with Starwood, where he worked his way up to Guest Services Manager in 2015, earning several accolades along the way, including Manager of the Year, Best in Class: Leadership, and maintained some of the highest guest satisfaction scores for several years running. An advocate and example of growth and development, his rich industry experience extends well across leadership, into operations, finance, housekeeping and guest services. In each of these positions, Sporbert has maintained high levels of service and fully encompasses Kimpton's founding principles rooted in human connection.
MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") has been recognized for leadership in corporate transparency and performance on climate change and water security by global environmental non-profit CDP, securing a place on the organization's annual A List.
WoodSpring Suites groundbreaking in Southern California underscores growing nationwide demand.
The American Hotel & Lodging Association (AHLA), The American Hotel & Lodging Foundation, and The BHN Group announced Geoff Ballotti, president and CEO of Wyndham Hotels & Resorts, will be awarded the Arne Sorenson Social Impact Leadership Award. Ballotti will be recognized during the AHLA Foundation’s premier fundraising gala, Night of a Thousand Stars on Sunday, January 22, 2023, as well as during the 22nd Annual Americas Lodging Investment Summit (ALIS) on Tuesday, January 24, 2023.
Harwood International, the global Dallas-based real estate firm today, announced the company's flagship boutique hotel property, Hôtel Swexan.Set to open in the summer of 2023,HôtelSwexanwill serve as the crown jewel of the more-walkable-than-ever 19-city block Harwood District.
U.S. hotel performance came in higher than the previous week and showed improved comparisons to 2019, according to STR‘s latest data through 10 December.
Stonehill Taylor has partnered with Limelight Hotels to renovate thebrand's flagship property in the heart of downtown Aspen. Theapproximately 100,000square-foot project encompasses all public spaces, including the lobby, lounge, meetingrooms, pool and fitness areas, and the restaurant and bar, in addition to the 120 guestrooms and six suites.