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Hyatt reports RevPAR growth of 5% in first quarter

Hotel Business

We are excited about the momentum in our pipeline and the continued strong demand we’re seeing for our brands around the world.” Base management fees: increased 16%, driven by managed hotel RevPAR growth and the contribution of newly opened hotels. and Adjusted Diluted EPS was $0.46 and Adjusted Diluted EPS was $0.46

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IHG brand portfolio climbs to 20 as modern lifestyle offering joins the fold

Hotel Management

Established in 2013, the Ruby brand 20 th brand in the IHG portfolio currently operates 20 hotels (3,483 rooms) in major cities across Europe and has another 10 pipeline hotels (2,235 rooms). The post IHG brand portfolio climbs to 20 as modern lifestyle offering joins the fold appeared first on Hotel Management.

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Scott Harrell joins PM Hotel Group

Hotel Business

He brings nearly 25 years of experience in commercial real estate and hospitality investment to the organization, including evaluating and executing high-value transactions and conducting market analysis. PM Hotel Group has appointed Scott Harrell as VP, development, feasibility & analytics.

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Radisson Hotel Group and PPHE Hotel Group partner to sign first Radisson RED hotel in central London

eHotelier

It combines an innovative upscale select-service model with service flexibility, creating operational efficiencies and unlocking real estate value as a result. The Radisson RED brand is known for its playful twist on conventional hospitality and bold interior design. Receive daily leadership insights and stay ahead of the competition.

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Sage Lane Partners JV acquires Hampton Inn & Suites Prattville

Hotel Business

A joint venture between Sage Lane Partners , a private equity real estate firm that specializes in sourcing, acquiring, developing and asset managing investment properties, and ARK Holdings has acquired the 101-room Hampton Inn & Suites Prattville in Prattville, AL. ARK Hospitality will operate the hotel.

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Placemakr Salt Lake City debuts

Hotel Business

Operating in partnership with High Boy Ventures, a residential real estate development company, Placemakr Salt Lake City at Brix offers a blend of residential and hospitality-style stays catering to both short-term visitors and long-term residents.

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Bem-vindo, City Express by Marriott – now arriving in Brazil

eHotelier

The signing was celebrated at a special ceremony in Porto de Galinhas, attended by local government officials, representatives from the owning real estate firm, Marriott executives, and members of the media. This announcement builds on the brand’s recent momentum across the Caribbean and Latin America (CALA) region.