LODGING Staff - 10 Minutes News for Hoteliers - Page 66

2 min

Hyatt Announces Agreement to Sell Playa’s Real Estate Portfolio to Tortuga

💸 Hyatt Hotels Corporation, on June 17, 2025, agreed to sell Playa’s real estate portfolio to Tortuga Resorts for $2 billion, with a potential $143 million earnout. The portfolio includes 15 resorts in Mexico, the Dominican Republic, and Jamaica. Hyatt retains $200 million preferred equity and will manage 13 properties for 50 years. Net purchase price of Playa’s management business is $555 million. Hyatt aims for $60-$65 million Adjusted EBITDA in 2027. Transaction completion by 2025 end.

1 min

Red Roof Partners With FreedomPay for Payment Solutions

💳 COLUMBUS, Ohio, June 30, 2025—Red Roof partners with FreedomPay to enhance payment processes across 700+ U.S. hotels, focusing on speed, security, and flexibility. The collaboration aims to provide cost savings and operational efficiency, ensuring all locations support omnichannel payments. Sharee Brell, Red Roof’s VP of Technology, notes strategic advantages and improved guest experiences. Chris Kronenthal, FreedomPay president, highlights the use of Next Level Commerce™ technologies for secure transactions, enhancing the hospitality experience.

2 min

voco The Shelby — Myrtle Beach Opens

🏖 MYRTLE BEACH, South Carolina—In June 2025, voco The Shelby – Myrtle Beach opened as the first voco hotel by IHG in South Carolina, named after the famous local, Shelby Ann Byrd. The hotel features 241 guestrooms, live music on weekends, and The Palm & Pebble restaurant with a daily happy hour from 4–7 p.m. It offers over 1,300 sq ft of event space with ocean views and is located near the Myrtle Beach Boardwalk.

2 min

Revenue Analytics Acquires Climber

💸 ATLANTA, Georgia & LISBON, Portugal—Revenue Analytics acquired Climber, a Revenue Management Software company, to expand globally. Climber's self-learning pricing platform and Climber Market Strategy tool are now part of Revenue Analytics. The acquisition adds Climber’s team and serves over 10,000 hotels worldwide. A new office will open in Portugal, enhancing Revenue Analytics’ presence in Europe and Latin America. Bill Brewster and Mario Mouraz emphasize the alignment of their missions to empower hoteliers with pricing tools.

3 min

Rimrock Banff to Join Emblems Collection

🏖 Accor introduced Rimrock Banff as the first North American Emblems Collection property. Renovations by Studio Collective start in October 2025 with a summer 2026 reopening. Located near Banff's attractions, this project updates the 1993 resort with features like an infinity pool and wellness amenities. Oxford Properties Group invests over $2 billion in Canadian hospitality, including this project. Emblems aims for 15 properties by 2025, with Rimrock's transformation boosting Canadian Rockies tourism.

2 min

IHG’s voco hotels Debuts in Canada With Three Hotel Signings

🏨 voco hotels is entering the Canadian market with three new signings in Montreal, Toronto, and Niagara Falls. Scheduled openings: voco Niagara Falls – Fallsview in late 2026 with 232 rooms; voco Montreal in mid-2027 with 55 rooms; voco Toronto Airport West in 2027 with 180 rooms, aiming to be Canada's first zero-emissions, carbon-neutral hotel. This expansion is part of voco's global growth, reaching 100 open hotels with 95 more planned.

3 min

Nationwide Realty Investors Announces Renovations Underway at Nationwide Hotel and Conference Center

🏨 Nationwide Realty Investors, in Columbus, Ohio, announced nearing completion of renovations for the Nationwide Hotel and Conference Center in Lewis Center. Rebranded as The Ohioan Hotel & Event Center, updates include modernized ballrooms and a 2,000 sq. ft. pub refresh in fall. The renovation, led by Nationwide Realty Investors' President Brian J. Ellis, integrates Ohio-based artists' work and maintains the property’s historical appeal. Columbus Hospitality Management has overseen operations for nearly 15 years.

2 min

AAA: Over 72 Million Travelers to Go 50 Miles or More for July 4th Week

🚀 72.2 million people will travel 50+ miles for Independence Day from June 28 to July 6, 2025. AAA reports a 1.7 million increase from last year. 61.6 million to travel by car, marking a 2.2% rise. 5.84 million to fly, an 8% share of travelers. Other modes like bus, train, and cruise see a 7.4% uptick. Top U.S. destinations include Orlando and Seattle, while Vancouver leads international trips.

1 min

McKibbon Acquires Hilton Garden Inn Orlando I-4 Millenia Blvd Mall

🏨 McKibbon Equities acquired the Hilton Garden Inn Orlando I-4 Millenia Blvd Mall in Orlando, Florida. The 132-room hotel marks the third investment for McKibbon Income Fund I. Valley Bank financed the purchase, and Julian Mazili of Mazili Hotel Group represented the seller. The hotel, built in 2024, joins McKibbon’s portfolio, which includes 20 hotels and three under development. McKibbon Hospitality will manage the property, adding to their operations in the Orlando market.

2 min

Raines Announces The Lantern Hotel Columbia

🏨 Raines to open The Lantern Hotel Columbia, a 59-key boutique hotel in Columbia, South Carolina, by Fall 2025. Located in the Vista neighborhood near the University of South Carolina, the hotel will reuse The Columbia Central Fire Station. Kevin Johnson, a USC alumnus, will design the restaurant, Ladder 13. The project partners with USC’s hospitality program and CarolinaLIFE, providing career paths for students with disabilities. The Lantern Rock Hill will open in Fall 2026.

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