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.
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.
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.
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.
NEW YORK — The total amount of U.S. lodging industry capital-expenditure spending is forecast to increase by approximately 70% in 2022 from the record lows of approximately $2 billion in 2020 and 2021 to $3.4 billion in 2022, after an unprecedented decline in response to demand and the financial effects of COVID-19.
Months of empty rooms and discounted rates are catching up with hotel owners in Denver and across the country. Unless Congress steps in with more financial assistance or travel spending finds a way to surge, a big shakeout looms next year, industry insiders warn.
When it comes to the economic toll from the coronavirus, few sectors have taken a bigger hit than travel.
Less than a month ago, Mitch Patel's hotel business was booming. His company, Vision Hospitality Group, owns 37 hotels in six states and it had seen record business in January and February, according to Patel. Things were going so well, he was planning to open two more hotels this year, and seven next year.
The losses to the U.S. tourism industry due to the coronavirus are snowballing-make that avalanching-by the day. To the point that the national non-profit organization representing all travel sectors estimates the economic fallout for the country will be seven times worse than 9/11.
Heading into 2020, the hotel sector was expected to slow down, but deals were still getting financed. Then came coronavirus.
A wave of layoffs at restaurants, bars and hotels, as efforts to contain the coronavirus pandemic bring much of everyday American life to a halt, could drive new applications for U.S. unemployment benefits to a record 1.5 million or more next week, economists warned on Thursday.
The COVID-19 health crisis is unprecedented in its size and scope, and represents the single largest decline in travel in modern times. And its effects on the hotel industry are already staggering.
With suburban hotel performance surpassing the growth rate for urban properties, many hoteliers are turning to secondary and tertiary markets to meet the demand for up-and-coming travel destinations. Among them is the management company Charlestowne Hotels. Its President and CEO Michael W. Tall says that the company is making the growth of boutique properties in second- and third-tier cities a main focus of their 2019 business plan. In a recent interview with LODGING, Tall described this tertiary-tier tourism boom and his company's participation in it.
Is it really possible for hotel companies to retain creativity or innovation the bigger they get?