5 things to know for Jan. 10
Today's headlines: Death toll of LA wildfires rises to 10; Ace Hotel Group names new CEO; Owner of Omni Nashville refinances with $300 million loan; Carolinas families may lose FEMA hotels ahead of snowstorm; US employers added 256,000 jobs in December
Editor's Note: Some linked articles may be behind subscription paywalls.
Omni Hotels owner refinances Nashville property for $300 million
JLL assisted TRT Holdings secure fixed-rate, seven-year loan
TRT Holdings, owner of Omni Hotels & Resorts, has refinanced the Omni Nashville Hotel with a new $300 million loan.
Ways to support Los Angeles wildfire relief
Cost of fires estimated to reach $57 billion
If you're like us, you've been following the news of the out-of-control wildfires around the Los Angeles area.
5 things to know for Jan. 9
Today's headlines: LA wildfires continue to spread, kill 5; Highgate sued over data breach; Singapore sees wave of new hotel development; Vail Resorts reaches tentative deal with ski patrol union; US weekly jobless claims drop by 10,000
Editor's Note: Some linked articles may be behind subscription paywalls.
5 things to know for Jan. 8
Today's headlines: Los Angeles-area wildfires force thousands to evacuate; KSL Resorts rebrands to Peregrine Hospitality; Accor's Gilda Perez-Alvarado talks luxury brands, Orient Express; Justice Department sues major landlords over alleged rent scheme; US services sector activity increased in December
Editor's Note: Some linked articles may be behind subscription paywalls.
5 things to know for Jan. 7
Today's headlines: Eurozone inflation rises in December; US winter storm disrupts travel for millions; Peachtree's Greg Friedman on 2025's lending environment; Uber and Lyft return to driverless options; Real ID deadline looms again
Editor's Note: Some linked articles may be behind subscription paywalls.
5 things to know for Jan. 6
Today's headlines: Paris Marriott Champs-Élysées owner refinances hotel; Major winter storm hits US Midwest and mid-Atlantic; Hotel labor environment improving but still faces headwinds; Manhattan's congestion pricing begins; Ski patrollers on strike at Park City Mountain
Editor's Note: Some linked articles may be behind subscription paywalls.
Roughly 80% of Americans want to travel, but they're cost conscious
MMGY report shares insights into brand loyalty, off-peak trips
Though there was a lot of talk about people feeling financially pinched through last year, some new research shows Americans still have a strong desire to travel in 2025.
The US hotel markets that could stand out or underperform in 2025
Houston will benefit from closed convention centers in other Texas cities
Every day brings about the daunting question of "What's next?" and for hoteliers looking ahead to the new year, that question is even bigger.
Former Radisson Wall Street sells for $94.5 million
Property had been used as a shelter during the pandemic
The former Radisson Hotel New York Wall Street sold this month for $94.5 million.
Happy belated Boxing Day
Let's celebrate the spirit of this holiday focused on giving
Happy belated Boxing Day to all hoteliers. I hope everyone celebrated it with the spirit intended for the holiday.
5 things to know for Dec. 26
Today's headlines: Hotel strikes end in San Francisco with new Hilton contract; Owner of Turkish hotel collapsed by earthquake sentenced to jail; US hotel deals pick up the pace in 2024; Cyberattack hits Japan Airlines, disrupts holiday travel; US weekly jobless claims dip by 1,000
Editor's Note: Some linked articles may be behind subscription paywalls.
A look back at major US hotel deals in 2024
Trophy hotels such as the Arizona Biltmore and Hyatt Regency Orlando fetched high prices
Though nowhere near a peak year, the U.S. hotel deals environment heated up in 2024.
US hotel deals pace picks up in 2024
Lower cost of debt, pent-up capital and overdue renovations expected to spur sales next year
After a slow start to the year, U.S. hotel deals pace grew throughout 2024, a trend industry experts expect to continue.
Trinity Investments buys Seattle's Fairmont Olympic Hotel
Hotel will undergo guestroom renovations
Trinity Investments bought the historic 450-key Fairmont Olympic Hotel, Seattle.
Hotel industry experts say Fed's latest rate cut won't help US hotels much
Lowered projections for cuts in 2025 a cause for concern
The Federal Reserve's decision to cut the federal funds rate a further 25 basis points will lower the cost of capital. But even when combined with the two previous cuts from this y...
Hotel Equities to manage Marriott's Postcard Cabins portfolio
Collection includes 29 locations across US with more than 1,200 cabins
Alpharetta, Georgia-based hotel operator Hotel Equities will manage all locations for Marriott International's newest acquisition, Postcard Cabins.
US hotel conversions: Rebranded Hilton Milwaukee under major renovation
Southlake Hotel to rebrand, join Tribute Portfolio; Dana Point DoubleTree Suites now Hilton Garden Inn; and more
This roundup features the latest hotel conversions in the U.S. hotel industry.
Hotel experts anticipate interest rate cut in December, slower pace in 2025
Fed likely to take wait-and-see approach under new president, Congress
All eyes are on the U.S. Federal Open Market Committee meeting this week to see if 2024 will have a third cut in interest rates.
Thanks for a great 2024, hotel industry
A quick note to end the year
It's a busy time of year for everyone.