LODGING Staff - 10 Minutes News for Hoteliers - Page 105

1 min

AAHOA Commends Senate Committee Passing of Hotel Fees Transparency Act

🏨 In Washington, D.C., the AAHOA praised the U.S. Senate Committee on Commerce, Science, and Transportation for passing the bipartisan Hotel Fees Transparency Act, introduced by Senators Amy Klobuchar (D-MN) and Jerry Moran (R-KS). The act mandates hotels and short-term rentals to disclose all booking costs upfront. It's co-sponsored by Senators Shelley Moore Capito (R-WV) and Catherine Cortez Masto (D-NV), aiming to provide clear pricing information to travelers, supported by AAHOA for fair and transparent pricing.

2 min

Hyatt Enters Agreement to Acquire Playa Hotels & Resorts N.V.

🏖️ Hyatt Hotels Corporation is set to acquire Playa Hotels & Resorts N.V. for approximately $2.6 billion, including $900 million of debt. Playa, with resorts in Mexico, the Dominican Republic, and Jamaica, is 9.4% owned by Hyatt. The deal includes securing long-term management for Hyatt Ziva and Hyatt Zilara brands and expands distribution through ALG Vacations and Unlimited Vacation Club. Hyatt plans to sell Playa's properties, expecting to raise $2.0 billion by 2027 and project 90% asset-light earnings. The acquisition, funded by new debt, is anticipated to close later this year, with over 80% of the debt to be paid off through asset sales. Advisors include BDT & MSD Partners, Berkadia, BofA Securities, J.P. Morgan, Wells Fargo, and Latham & Watkins LLP.

1 min

CoStar: New York City and Nashville to Open Most Hotel Rooms in 2025

🏨 New York City and Nashville lead U.S. hotel room openings for 2025 with 5,719 and 2,849 rooms respectively. Other top markets include San Diego (2,818 rooms), Dallas (2,749 rooms), and Phoenix (2,483 rooms). In 2023 and 2024, NYC reported the highest occupancy levels among U.S. markets. U.S. hotel openings for 2024 reached 721 hotels with 73,682 rooms, while 2025 projections indicate 953 hotels opening with 108,366 rooms, and 2026 is expected to see 1,865 hotels with 198,319 rooms. The U.S. will open nearly 34,000 upper midscale rooms in 2025, a segment leading current construction counts.

1 min

Fabian Freytag Becomes 2025 Ambiente Designer

🏠 Fabian Freytag named 2025 Ambiente Designer, presents "The Lounge—Shades of Space" at Ambiente trade fair in Frankfurt, Germany, from Feb. 7-11, 2025. Freytag's concept focuses on creating characterful, bold, and fun hospitality spaces, countering generic design and enhancing guest experience through theatrical and sensual elements.

3 min

Cendyn and ConferenceDirect Annual Report Shows an Increase in Large Gatherings for 2025

📅 In the "2025 State of the Meetings Industry" report by Cendyn and ConferenceDirect, meetings with 100-250 attendees made up 35.8% of US bookings, while those with over 500 attendees were 32.4%. In 2024, 49.4% of bookings occurred within the same year, yet 9.5% are now made three to five years in advance. Costs are a concern, with planners seeking cost-effective measures. Secondary markets are gaining favor, offering competitive pricing. Planners prioritize advanced AV support (60%) and functional F&B (53%). An optimistic outlook for 2025 shows 40% of planners expecting more bookings and 65% anticipating higher attendance, despite cost challenges.

3 min

Gaylord Rockies Phase Two Renovation Focuses on Dining Outlets

🌲 Gaylord Rockies Resort & Convention Center in Aurora, Colorado completed Phase Two of enhancements with the November 2024 debut of Garden + Grain, Copper Table, and the reimagined Old Hickory Steakhouse Bar. Garden + Grain focuses on whole-foods and sustainability, sourcing from local farms like Superior Farms and Hazel Dell Mushrooms. Copper Table offers a twist on Western dishes featuring local beers, while Old Hickory Steakhouse serves in-house dry-aged steaks. The update created over 60 local jobs. Phase One finished in April 2023; Phase Two started June 2023 with several openings leading to the November 2024 culmination.

1 min

Sandpiper Acquires Extended Stay America Premier Suites in Bradenton, Florida

📌 Sandpiper, LLC acquired Extended Stay America (ESA) Premier Suites in Bradenton, Florida, located in the North Port–Sarasota–Bradenton MSA, south of Tampa. Opened in January, the hotel features 124 rooms with kitchens, WiFi, daily breakfast, guest laundry, and a fitness center. The Bradenton area has experienced a 23.7% population growth over the last decade. Sandpiper Hospitality will manage the hotel and owns 39 properties across 12 states.

1 min

CoStar: U.S. Hotel Industry Reports Positive Yearly Comparisons

🔔 In Washington, U.S. hotel industry data through Feb 1, 2025, shows occupancy at 56.5% (up 2.3%), ADR at $150.25 (up 1.8%), and RevPAR at $84.90 (up 4.1%). Minneapolis led with a 13.6% increase in occupancy to 47.4% and a 16.7% rise in RevPAR to $56.67. Orlando had the highest ADR increase of 7.4% to $224.62. Las Vegas and New Orleans saw RevPAR declines of 15.0% to $137.63 and 6.2% to $98.23, respectively.

6 min

Hilton Reports Q4 and Full-Year 2024 Results

🏨 Hilton Worldwide Holdings Inc. reported Q4 and full-year 2024 results from McLean, Virginia. Q4 diluted EPS at $2.06, full-year at $6.14; adjusted EPS Q4 at $1.76, full-year at $7.12. Q4 net income was $505 million, full-year $1,539 million. Adjusted EBITDA reached $858 million for Q4, $3,429 million full-year. System-wide comparable RevPAR rose 3.5% in Q4 and 2.7% for the full year. Approved 34,200 new rooms in Q4, with a development pipeline of 498,600 rooms by year-end. Added 22,600 rooms in Q4, with 98,400 room openings in 2024, resulting in a 7.3% net growth. Repurchased 3.1 million shares in Q4, $781 million returned in dividends and repurchases for the quarter, $3.0 billion for the year. Projected 2025: 2-3% RevPAR increase, $1,829-$1,858 million net income, $3,700-$3,740 million Adjusted EBITDA, and approximately $3.3 billion capital return, with 6-7% net unit growth.

1 min

Enseo Promotes Brian Gurley as CEO

💻 Brian Gurley, with over 25 years of financial and operational leadership experience, was announced as the new CEO of Enseo, a company offering hotel TV and entertainment, managed WiFi, smart room controls, and employee safety devices. Gurley, who joined Enseo as CFO in 2022, previously served as CFO at Magnitude Software and was a director at CBIZ Private Equity Advisors. His role will steer Enseo's growth strategy and customer-focused solutions, building on the company's history in the global hospitality market.

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