Global Report
CoStar World News for Nov. 21Investor plans to buy three Tokyo hotels; Global law firm leases large London office space; BlackRock partners in French logistics property purchase
Earnings
How hotel brand companies stack up with net unit growthExecutives with the global hotel brand companies highlighted robust pipelines and talked about how conditions are improving for hotel development.As Chinese tourists travel internationally again, their desires have changedAs Chinese travelers begin traveling internationally again, Western markets must adapt to the new wants of the demographic, which differ from pre-pandemic trends.
Caribbean hotel demand strong amid slower rate growthCaribbean hotels and resorts escaped a devastating hurricane season this year, and travel demand remains strong, particularly for luxury. However, rate growth is stabilizing, following U.S. trend patterns.
Earnings
Hotel REIT execs expect deals environment to gradually openIn this collection of earnings calls commentary, executives from hotel-focused real estate investment trusts speak about the factors they believe will lead to a more active deals environment.High-speed waterslide, new restaurants unveiled in Grand Hyatt renovation in Arizona desertThe conversion of the Xenia hotel to luxury tier included upgrades to all rooms, lobby, dining and outdoor areas.
Podcast
Analyst says REITs felt a greater impact from disruptions during third quarterTruist Securities' C. Patrick Scholes joined the HNN podcast to recap third-quarter earnings calls from hotel brands and publicly traded real estate investment trusts.As a constant buyer of hotels, Gencom can't find enough dealsMiami-based Gencom hopes its success in the pandemic and recovery will position the real estate investment trust better when the deal market picks up.
Hyatt's new extended-stay brand nears debutHyatt's latest brand, Hyatt Studios, is set to debut this January in the extended-stay segment.
Podcast
The emotional side of hotel company mergers and acquisitions with Prism founder Steve VanSteve Van never intended to sell Prism Hotels & Resorts — a company he founded and ran for nearly four decades — until executives at Aimbridge Hospitality came calling.KKR, Baupost acquire 33-hotel UK portfolio for £900 million from Abu Dhabi Investment AuthorityIn another major hotel-portfolio transaction in Europe, U.S. firms KKR and Baupost acquired 33 Marriott-branded hotels from the Abu Dhabi Investment Authority for £900 million.
'The next decade is for India' as country ramps hotel supply, investor and traveler interestIndia represents opportunity for hotel investors and brands as travel demand spreads away from major cities and into secondary business and pilgrimage destinations.
Earnings
Pebblebrook CEO expects demand to finish normalizing, set up stronger 2025During the hotel real estate investment trust's third-quarter earnings call, Pebblebrook CEO Jon Bortz spoke about guest demand trends and how the now mostly repositioned portfolio is gaining market share.Earnings
DiamondRock's expectations for 2025 are stronger travel demand, selling noncore hotelsDiamondRock Hospitality CEO Jeffrey Donnelly said he expects hotel demand picture to get sequentially better over the course of next year, particularly as the effects of easing monetary policy spread across the economy.Earnings
Service Properties Trust makes first progress with hotel sales plansExecutives with hotel- and retail-focused real estate investment trust Service Properties Trust plan to sell 114 hotels to pay down debt and currently have eight under contract.Earnings
Host's Florida portfolio endures another difficult hurricane seasonJim Risoleo, president and CEO of Host Hotels & Resorts, said more buyers and sellers of hospitality real estate are coming off the sidelines as financing conditions improve.Podcast
Growth avenues and the 'war for talent': An expert's takeaways on a wave of hotel management mergersFormer Chesapeake Hospitality and Remington Hospitality executive W. Chris Green unpacks the most recent wave of deals between hotel management companies. CHMWarnick CEO says hotel owners actively changing brands, operatorsIn an interview, CHMWarnick CEO Chad Sorensen said his asset management company has been helping more hotel owners than ever before consider new brands and operators.
Earnings
Ashford Trust pays down more than $100 million of strategic financingDuring the company's third-quarter 2024 earnings call, Ashford Hospitality Trust's CEO spoke about its progress in repaying its strategic financing as well as upcoming hotel conversions that should enable higher rates.The players in Italy's hotel investment and development sceneItaly is celebrated as a historical, artistic and cultural jewel of the world, but there's a great deal of red tape in place to preserve that history, which can require a guiding hand for hoteliers looking for development opportunities.
Earnings
What could flip Summit Hotel Properties from a net seller to a net buyerAustin, Texas-based Summit Hotel Properties sold the 101-room Four Points by Sheraton San Francisco Airport in October for $17.7 million, part of the 10 hotels the company has sold in the past 18 months for $150 million.Featured
5 things to know
5 things to know
Brands
Mohari Hospitality purchases Venice’s iconic Bauer Hotel for €300 million
Brands
Brands
Swiss owner was partner in acquisition of London’s The Standard last week
Brands
Sale
The two partners extended and renovated the property after acquiring it in 2017
Sale
People
Management company growing in US, Saudi Arabia, UK, Ireland
People
5 things to know
5 things to know
Headlines for Nov. 26
Opinions
AI vs. 'would you like to have a drink?'
Opinions
Podcast
Podcast
Operations
Topics include shifts in a new Trump administration, hotel management consolidation, and more
Operations
People
Exec Allison Handy outlines new strategy to unify sales, marketing and revenue management
People
Analytics
Hotels felt impact of Veterans Day, F1 Las Vegas shift
Analytics
HNN Blog
HNN Blog
Opinions
His legacy has been to open the world for millions
Opinions
Podcast
Podcast
Operations
Attorney outlines likely developments with Department of Labor, NLRB and more
Operations
People
Brand exec points to sustained demand from blue-collar workers, relocating guests from the West Coast
People
Development
Hospitality complex welcomes guests at longtime vacant property with a history
Development
Analytics
Hoteliers can expect a warm holiday season ahead, kind of
Analytics
Brands
Here’s a Live Overview of What’s Happening in the Market Today
Brands
International News
Barbados
Luxury, all-inclusive resorts still flying high
Barbados
France
COO of CapitaLand Investment subsidiary confident about European and global expansion
France
Japan
Japan-based investor earlier picked up six hotels from Hiramatsu Hotels & Resorts in March
Japan
United Kingdom
All of the hotels are Marriott-branded
United Kingdom
Spain
Currently closed, the hotel has been subject of several bids this year
Spain
India
Demand spreads across country, away from major cities
India
Canada
Skyline's change in strategy comes after period of declining revenue
Canada
India
Seller Ambuja Neotia has a long history of development and ownership with Taj
India
France
The purchaser of this establishment intends to invest in other hotel assets
France
Ireland
Irish firm plans to have 21,000 hotel rooms open or in development by 2030
Ireland
Russia
Russia growing inbound international tourism from Asia, Middle East
Russia
Japan
US travel numbers to Japan on the rise; flights from Europe hindered by no-fly zones
Japan
AAA's Thanksgiving travel data is projecting that 71.7 million Americans will travel 50 miles or more by car over the holiday period.
Podcast
What hoteliers have to be thankful for in 2024
Among the top things hoteliers should appreciate at the end of the year are declining interest rates and post-election clarity.
Podcast
Business travel boosted US hotel performance this fall, and 2025 likely 'more of the same'
Tell Me More podcasters Isaac Collazo from STR and Jan Freitag from CoStar join host Stephanie Ricca to unpack October U.S. hotel performance highlights.
Dublin once again takes center stage for hotel investors
Investors have turned their attention to Dublin, where hotel supply is low and demand is still consistent. Two 2024 deals could unlock another wave of activity in 2025.
International hotel companies prioritize quality over quantity at all-inclusive resorts
Traditional, large all-inclusive resorts are a mainstay in the Caribbean but as global brand companies expand in the segment, they're offering smaller all-inclusive experiences at higher brand levels.
Podcast
Franchising focus and promoting its legacy hotel brands: Wyndham's priorities in Europe
Dimitris Manikis, president of Europe, Middle East and Africa at Wyndham Hotels & Resorts, discusses the company's franchising efforts throughout Europe on the latest episode of The Upgrade podcast.
Featured
5 things to know
5 things to know
Brands
Mohari Hospitality purchases Venice’s iconic Bauer Hotel for €300 million
Brands
Brands
Swiss owner was partner in acquisition of London’s The Standard last week
Brands
Sale
The two partners extended and renovated the property after acquiring it in 2017
Sale
People
Management company growing in US, Saudi Arabia, UK, Ireland
People
5 things to know
5 things to know
Headlines for Nov. 26
Opinions
AI vs. 'would you like to have a drink?'
Opinions
Podcast
Podcast
Operations
Topics include shifts in a new Trump administration, hotel management consolidation, and more
Operations
People
Exec Allison Handy outlines new strategy to unify sales, marketing and revenue management
People
Analytics
Hotels felt impact of Veterans Day, F1 Las Vegas shift
Analytics
HNN Blog
HNN Blog
Opinions
His legacy has been to open the world for millions
Opinions
Podcast
Podcast
Operations
Attorney outlines likely developments with Department of Labor, NLRB and more
Operations
People
Brand exec points to sustained demand from blue-collar workers, relocating guests from the West Coast
People
Development
Hospitality complex welcomes guests at longtime vacant property with a history
Development
Analytics
Hoteliers can expect a warm holiday season ahead, kind of
Analytics
Brands
Here’s a Live Overview of What’s Happening in the Market Today
Brands
International News
Barbados
Luxury, all-inclusive resorts still flying high
Barbados
France
COO of CapitaLand Investment subsidiary confident about European and global expansion
France
Japan
Japan-based investor earlier picked up six hotels from Hiramatsu Hotels & Resorts in March
Japan
United Kingdom
All of the hotels are Marriott-branded
United Kingdom
Spain
Currently closed, the hotel has been subject of several bids this year
Spain
India
Demand spreads across country, away from major cities
India
Canada
Skyline's change in strategy comes after period of declining revenue
Canada
India
Seller Ambuja Neotia has a long history of development and ownership with Taj
India
France
The purchaser of this establishment intends to invest in other hotel assets
France
Ireland
Irish firm plans to have 21,000 hotel rooms open or in development by 2030
Ireland
Russia
Russia growing inbound international tourism from Asia, Middle East
Russia
Japan
US travel numbers to Japan on the rise; flights from Europe hindered by no-fly zones
Japan
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