Here are the top stories from the Daily Lodging Report newsletter in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here now.
25.08.2023 - 14:00 / skift.com / Howard Johnson / Sean Oneill
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
The long-vacant former Zahn’s Department store in downtown Racine, Wisconsin, will soon be the Hotel Verdant following months of renovations, reported Milwaukee’s Business Times. Dominion Properties, and its partners on the project, Grey Hospitality and Charlestowne Hotels, said the 80-room Hotel Verdant would open within a few months.
Two months after suing the Chetrit Group over its unfinished 33-story, 323-key hotel in New York City, Maverick Real Estate Partners has seized the Garment District property, reported The Real Deal.
A joint venture of NewcrestImage and Hospitality Capital Partners completed the acquisition of 11 hotels in seven states with a total of 1,551 rooms, in a transaction handled by CBRE in Atlanta. The properties are 10 Courtyards and one Residence Inn hotel in Georgia, Massachusetts, New York, Oklahoma, Pennsylvania, Texas, and Virginia.
Skift Note: It’s especially interesting to see cities re-think their buildings for possible adaptations for hotels or other projects.
Aman’s sister brand, Janu, is set to open its first hotel, Janu Tokyo, this coming autumn to a building managed by Mori Building Co. Ltd. The 13-story Janu Tokyo will have 122 rooms, most with private balconies that look out at the Tokyo Tower, said Luxury Travel Advisor. The Janu Wellness Centre will span over 4,000 square meters and be one of the largest wellness facilities of any luxury hotel in Tokyo. In a building next door, Aman Residences, Tokyo, will next year offer 91 exclusive homes as well as lifestyle services and a residents-only 1,400sqm Aman Spa.
A developer plans to restore the old Howard Johnson’s Motor Lodge on Grand Avenue, in Des Moines, Iowa, to its former use as a mid-century modern hotel. The building will have 85 rooms, an outdoor courtyard with fire pits, games, and beverage services. It will feature the iconic orange-pitched roof that was synonymous with Howard Johnson’s. Developers also hope to renovate a 3,400-square-foot commercial building located next to the hotel into a restaurant.
Savills Vietnam issued a report saying despite improvements in 2022, occupancy and room rates in Ho Chi Minh City have yet to recover to pre-pandemic levels. The occupancy rate of 45% last year was 20 percentage points higher year on year but was still 23 percentage points less than the figure in 2019.
Thai hotel operators are ramping up plans to expand investment at home and abroad according to Nikkei. The article discussed Centara Hotels and Resorts planning to build at least six hotels over the next few
Here are the top stories from the Daily Lodging Report newsletter in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here now.
Hyatt, Marriott, and MGM Resorts have been hit with lawsuits since 2019 over how they disclose mandatory resort fees. The companies have since changed how they disclose resort fees on their websites and apps.
From today’s Daily Lodging Report newsletter: Nikkei Asia published an article on Hilton planning to expand its luxury offerings in Asia. Hilton will be bringing its Waldorf Astoria brand to Malaysia, Vietnam, India, and other countries for the first time as part of its plans to open 25 new luxury hotels in the Asia Pacific region over the next few years. That’s up from the 33 luxury hotels it currently runs in the Asia Pacific.
Here are the top stories from Daily Lodging Report in the past week. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Standard International, the hotel company behind The Standard Hotels and The Peri Hotel — and a majority owner of Bunkhouse House Group — is taking on a lot these days to meet CEO Amber Asher‘s aggressive expansion plans.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Good morning from Skift. It’s Tuesday, November 15. Here’s what you need to know about the business of travel today.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
TMC Hospitality has a theory about U.S. travel. It believes that more people are traveling in groups — for reunions, team meetings, and destination weddings — than before. But it also believes that the typical hotel today isn’t aren’t equipped with the amenities addressing these travelers’ needs.
Hilton Worldwide is rolling out its first-ever hotel brand in the economy slice of the market, Spark by Hilton, taking on rivals such as Marriott International, Choice, and InterContinental Hotels Group in this competitive market segment.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.