New Langham CEO Seeks Growth in Luxury Hotel Brands

At the start of the year, Sortis Holdings said it would acquire Ace Group International, owner of Ace Hotels, for $85 million in cash. Now the deal is off.

Los Angeles’ city council appeared this week to have reached a political compromise with the local hotel workers’s union about a controversial plan to mandate that hotels temporarily house the homeless.

If you want to enter the hospitality sector, start small and get financial support. But be aware that scaling up beyond a certain threshold can be tremendously hard.

Hyatt has bet more of its future on China than any other Western hotel group. It has 40% of its hotel pipeline there — a greater percentage than the hotel development pipeline of any public company in its peer group.

Marriott International‘s executives reported strong revenue growth in the third quarter on Thursday. They forecasted a steady pace of revenue expansion that would return it to its historical 10-year average after the pandemic disruption.

The Dallas area has topped national rankings for hotel development for more than a year as the Texas capital enjoys a hotel building boom.

The Dean Hotel Group, which runs a handful of high-end properties in Ireland, has sold a majority stake to an investment vehicle backed by Elliott Management.

It’s been a year since Four Seasons brought on new CEO and president Alejandro Reynal and rolled out a new marketing campaign. So I wanted to check in on the luxury hotel and resort powerhouse.

Accor issued rosier forecasts for full-year results and its 2024 outlook on Thursday on the strength of better-than-expected performance this year at the Paris-based hotel group.

Wyndham’s executives talked at length Thursday about why they wouldn’t accept the unsolicited bid from Choice Hotels – a $9.8 billion buyout offer after assuming debt.

Good morning from Skift. It’s Thursday, October 26. Here’s what you need to know about the business of travel today.

Choice Hotels on Wednesday called on Wyndham Hotels & Resorts to return to merger talks while publicly responding to concerns Wyndham executives had raised about “execution risk” — including questions about regulatory scrutiny.