LODGING Staff - 10 Minutes News for Hoteliers - Page 19

1 min

Marcus & Millichap Announces Sale of Fairfield Inn & Suites Houston North/Spring

📑 Marcus & Millichap announced the sale of an 85-room Fairfield Inn & Suites hotel in Spring, Texas, on a complex nine-month transaction. Built in 2013, the hotel is located four miles south of The Woodlands, along Interstate 45. The seller was Paramount Spring Group LLC, and the buyer was Prem Hospitality Enterprise. Despite lending, title, and market challenges, the deal was successfully brokered by Rajan Patel and supported by the Miller-Gomes Hotel Team.

3 min

NYU SPS Tisch Center, Stayntouch, and IDeaS Release Hotel Technology Outlook Study

📊 2026 Hotel Technology Outlook: NYU's Tisch Center of Hospitality, Stayntouch, and IDeaS Revenue Solutions released a report analyzing hotel operators' tech systems. 30% of All-in-One users plan to switch to Best-in-Class, while only 14% go the opposite way. Best-in-Class systems boast 70% satisfaction, with fewer guest issues than All-in-One systems, which report more booking errors (57% vs. 45%) and check-in delays (46% vs. 23%). Integration remains a challenge, with 38% citing it as a pain point.

1 min

Peregrine Hospitality Appoints Kristen Richter as Chief Commercial Officer

🏨 Kristen Richter joins Peregrine Hospitality as Chief Commercial Officer in Denver, Colorado. With over 20 years of experience, she will manage commercial strategy, revenue, sales, and marketing. Previously at Accor, she led commercial strategy for Fairmont and Raffles. Her background includes roles at Sonder, Radisson Hotel Group, and Wyndham Hotels & Resorts. She holds a B.S. in Business Administration from Bucknell University and an MBA in Entrepreneurship from Fairleigh Dickinson University.

4 min

Hyatt Reports Q3 2025 Results

📈 Hyatt Hotels Corporation reported Q3 2025 results from Chicago: RevPAR increased 0.3% compared to Q3 2024. Net rooms grew 12.1%, with a 7.0% rise excluding acquisitions. Net income recorded a loss of $49 million. Gross fees rose 5.9% to $283 million. Adjusted EBITDA increased 5.6% to $291 million. The pipeline includes 141,000 rooms. Notable openings: Park Hyatt Kuala Lumpur and Johannesburg. Total debt stands at $6.0 billion; liquidity at $2.2 billion. Hyatt plans a $0.15/share dividend for Q4 2025.

1 min

Kabani Hotel Group Brokers Sale of Southern Oaks Inn St. Augustine

🏨 MIAMI, Florida—Kabani Hotel Group sold Southern Oaks Inn St. Augustine, a 124-room property in Florida, for $12,501,000, or about $100,814 per room. Brokered by Lucas Mondino, offers emerged within 30 days due to strategic marketing. Built in 1973 on 5.75 acres, the property received updates like roof replacements. St. Augustine, known for its high ADRs and walkability, remains a strong market.

3 min

This Week’s Comings & Goings

🏨 Wyndham Hotels & Resorts CFO Michele Allen departs; Kurt Albert steps in as interim CFO. Holiday Inn Club Vacations appoints Jim Mikolaichik CEO effective December 1, 2025, succeeding John Staten. Auro Hotels welcomes Jay Burnett as EVP. Cristian Albacar Fumado becomes general manager at Nekajui Ritz-Carlton Reserve. Six Senses names André Buldini cluster GM for Milan and Rome. Aruba Marriott Resort appoints Miroushka Statia-Diaz as director of finance. St. Regis Bal Harbour hires Luis Garcia as food & beverage director.

5 min

Choice Hotels International Reports Q3 2025 Results

💸 Choice Hotels International, Inc. reported Q3 2025 results in North Bethesda, Maryland. Net income rose to $180 million from $105.7 million in Q3 2024. Adjusted EBITDA hit $190.1 million, a 7% increase. Global franchise agreements surged 54%. International net rooms grew 8.3%, with strong expansion in China and France. Total revenues increased 5% to $447.3 million. U.S. extended stay net rooms grew 12%. Liquidity stood at $564.2 million with a debt-to-EBITDA ratio of 3.0x.

2 min

The Kessler Collection and Highgate Form Strategic Alliance

🏨 The Kessler Collection has announced a strategic partnership with Highgate, forming a new luxury hotel management platform. Highgate will manage several Kessler hotels in the U.S., including The Casa Monica Resort & Spa in St. Augustine, JW Marriott Savannah Plant Riverside District, and The Grand Bohemian Lodge Greenville. Kessler's staff will join Highgate's Kessler Hospitality division. This alliance aims to combine creativity with operational expertise, enhancing profitability and setting new standards in the luxury hospitality industry.

1 min

Crescent Hotels & Resorts Assumes Management of The Westin Great Southern Columbus

🏨 Crescent Hotels & Resorts has been chosen to manage The Westin Great Southern Columbus, a historic hotel in downtown Columbus, Ohio. Originally built in 1897, the hotel is owned by Whitestone Companies. It features 188 guestrooms and suites, alongside over 13,000 square feet of meeting space. Located near key attractions like the Ohio Statehouse and the Brewery District, it also houses Bar Cicchetti, an Italian restaurant. This transition enhances Crescent's footprint in the Columbus area.

2 min

Choice Hotels Announces Launch of New Rewards Experience

💰 Choice Hotels' enhanced rewards program rolls out in early 2026. Members gain rewards every five nights and achieve Elite status faster: Gold at 5 nights, Platinum at 15, Diamond at 35, and new Titanium at 55 nights or 110,000 credits. Titanium offers a seven-night stay at half points. Points never expire for Elite members. A "Return and Earn" feature gives 1,000 bonus points after two and three stays annually. Points sharing begins later in 2026.

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