Hyatt to Buy Dream Hotels in Up to $300 Million Deal

Park Hyatt New York has unveiled a new art installation from local contemporary abstract artist and hotel bellman for nine years, Jeffrey Okyere-Agyei.

New York City’s short-term rental regulations could slash up to 70% of Airbnb’s 23,000 active listings in the city after September 5. Experts are divided on how the move might affect hotels, and their forecasts are foggy. Yet the analyses reveal interesting details about this critical lodging market regardless.

Good morning from Skift. It’s Friday, September 1. Here’s what you need to know about the business of travel today.

Hyatt just lapped the one-year anniversary of acquiring the all-inclusive resort company Apple Leisure Group in a $2.7 billion deal. The Chicago, Illinois-based hotel group is now looking to expand its hotel presence in European cities that could help feed its all-inclusives, according to comments executives made as they reported its earnings.

Accor, the Paris-based hotel giant, said on Tuesday that Omer Acar will head its brands Raffles & Orient Express as of March 1. Acar will join Accor’s other brand CEOs in its luxury and lifestyle group (Fairmont, Sofitel & MGallery, and Ennismore) — all of whom report directly to group CEO Sébastian Bazin.

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.

Highgate Signs Deal to Buy Viceroy Hotels: Viceroy may be able to accelerate its growth and brand awareness given Highgate’s scale and track record. Of course, that is if Highgate can execute well after the deal closes.

Not all hotels should pursue remote workers, a hotel group CEO has suggested, because they mostly served their purpose during the pandemic.

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 formula for luxury hotels has typically had two key ingredients. First, choose locations in the districts where the elite live. Second, focus on high-touch services encouraging guests to linger, and spend, at the property.

Good morning from Skift. It’s Wednesday, November 30. Here’s what you need to know about the business of travel today.

Hotel real estate investor and management company Highgate signed a deal to acquire Viceroy Hotels & Resorts as Highgate intensifies its quest to add luxury lifestyle hotels to its already ample portfolio.