LODGING Staff - 10 Minutes News for Hoteliers - Page 79

2 min

Courtyard by Marriott Fort Lauderdale Beach Rebrands After Renovation

🏖️ Courtyard Fort Lauderdale Beach is near the end of its renovation, rebranding as Courtyard Oceanside Fort Lauderdale Beach with a completion date set for later in May. The Fort Lauderdale, Florida, hotel upgrade includes the Seabreeze Poolside Bar, The Mast restaurant, redesigned guestrooms with ocean or Intracoastal Waterway views, and stylish public spaces. City Mayor Dean Trantalis hails the renovation for contributing to the city's growth and status as a world-class destination.

1 min

Crestline Completes Renovation of the TownePlace Suites Suffolk Chesapeake

🏨 Crestline Hotels & Resorts renovated the TownePlace Suites Suffolk Chesapeake, featuring 72 updated suites with new carpeting, paint, lighting, soft goods, and fresh poolside furniture and umbrellas. The property offers studio to two-bedroom suites, complimentary Wi-Fi, daily breakfast, an outdoor pool, a fitness center with a new wall mural, a 24/7 market, laundry facilities, and self-parking. Managed by Crestline Hotels & Resorts, LLC, the hotel is owned by Apple Hospitality REIT, Inc. It is situated near government facilities, businesses, and recreational sites like golf courses, the Great Dismal Swamp National Wildlife Refuge, Colonial Williamsburg, and Virginia Beach.

3 min

This Week’s Comings & Goings

📋 Kristen Pratt joins Onyx CenterSource as SVP of partnerships and business development. Michele Roberts, with 25+ years of experience, becomes SVP of sales at Pacifica Hotels. Melissa Brown and Chandi Saunders, each with 20+ years in hospitality, are promoted to VP of commercial strategy at Aperture Hotels. Kristie Byrd appointed VP of sales at Lodging Dynamics Hospitality Group, bringing 29+ years of experience. CBRE promotes Will Pike to president of U.S. industrial & logistics capital markets, Chris Riley transitions to chairman of Robinson Weeks Partners. Rafael Ortiz-Martínez is now general manager of The Inn at Celebration, part of Autograph Collection Hotels. Fernando Flores becomes general manager of Esperanza, Auberge Resorts Collection. Ramy Haykal, with 20+ years in hospitality, is appointed GM of InterContinental Dominica Cabrits Resort & Spa. Vintners Resort announces Michael Collins as GM, leading a $15+ million renovation for summer debut. Nicholas Siracusa appointed GM at Arlo Wynwood in Miami. Mark Kirsch hired as GM for dual-branded AC Hotel by Marriott and Element by Westin in Las Vegas. Abbey Sports becomes GM of Exclusive 30A in South Walton, Florida. Richard Armstrong promoted to operations manager at Sprague Pest Solutions' Idaho Falls branch. Tatiana Rosana becomes first regional director of culinary for Independent Collection Hotels & Resorts. Tim Sanchez appointed director of food and beverage at The

5 min

Hyatt Reports Q1 2025 Results

🏨 Hyatt Hotels Corporation, in its Q1 2025 report, announced a 5.7% increase in RevPAR, 10.5% net rooms growth, and a net income of $20 million with adjusted net income at $46 million. EPS was reported at $0.19, with adjusted EPS at $0.46. Gross fees surged by 16.9% to $307 million, and adjusted EBITDA grew 5.4% to $273 million, or 24.4% when accounting for 2024 asset sales. The pipeline included approximately 138,000 rooms, and the company repurchased 1.1 million shares for $149 million. Full-year 2025 projections indicate a RevPAR growth of 1-3%, net rooms growth of 6-7%, and a net income between $95 and $150 million. Adjusted EBITDA is expected to reach $1,080 to $1,135 million, representing a 6-12% increase, while adjusted free cash flow is forecasted between $450 and $500 million, not including certain acquisition-related costs. Hyatt entered into a $1.7 billion loan agreement to finance the Playa Hotels Acquisition. As of March 31, 2025, Hyatt had a total debt of $4.3 billion, total liquidity of $3.3 billion, and a remaining share repurchase authorization of $

5 min

Wyndham Hotels & Resorts Reports Q1 2025 Results

🏨 Wyndham Hotels & Resorts, in Parsippany, New Jersey, reported Q1 2025 results: 15,000 room openings (up 13% YoY), system-wide room growth at 4%, 181 global development contracts (a 6% increase), and a development pipeline at 254,000 rooms (up 5% YoY). Global RevPAR rose 2%, net income hit $61 million (vs. $16 million prior year), and adjusted EBITDA increased 3% to $145 million. The company returned $109 million to shareholders through repurchases and dividends, with a net debt leverage ratio of 3.5. ????

1 min

Crestline Hotels & Resorts Assumes Management of AC Hotel Seattle Downtown

📌 Crestline Hotels & Resorts LLC has taken management of the AC Hotel Seattle Downtown, which opened less than a year ago and features 200 guestrooms. Located near tech giants like Amazon, Meta, Google, and major landmarks such as the Space Needle, this hotel offers amenities like complimentary high-speed internet, in-room coffee makers, and an onsite fitness center. The property has three event rooms and offers European-style breakfast and evening tapas. The 11-story building was developed by Nexera Capital.

2 min

Peachtree Expands Debt-Free DST Platform With New Jersey Hotel Offering

🏡 Peachtree Group launched the 114-key Residence Inn Ocean Township in New Jersey, its eighth Delaware Statutory Trust (DST) offering since 2022. The hotel is located in Monmouth County, one of the wealthiest U.S. counties, near beach destinations Asbury Park, Long Branch, and Sandy Hook. Netflix's $900 million investment in Fort Monmouth is expected to create 3,500 construction and 1,500 permanent jobs, boosting local hospitality. Peachtree's eight DST properties total over $220 million in debt-free transactions, aimed at 1031 exchange investors seeking tax deferral and investment in the resilient hotel sector.

3 min

IHG Expands Reach in Mexico, Latin America and the Caribbean

🌝 IHG Hotels & Resorts emphasizes its growth in Mexico, Latin America, and the Caribbean with nearly 400 properties open or in the pipeline. By 2025, IHG expects 32 new hotels across six brands. Recently opened properties include InterContinental Presidente Monterrey in January 2025 and avid hotel Queretaro Centro Sur in March 2025. Upcoming openings feature Six Senses La Sagesse Grenada, Kimpton Mas Olas Resort and Spa, Hotel Indigo Grand Cayman, and Kimpton Monterrey in 2026. The SOUMA Hotel Lima, the first Vignette Collection in South America, launched in March 2025. IHG's mid-range segment grows with over 200 Holiday Inn brand family locations and the avid hotels brand planning nine new Mexican properties. The Atwell Suites brand will debut in Costa Rica. Jolyon Bulley, CEO of IHG Americas, anticipates nearly 100 new regional properties in the future.

1 min

Sonesta Extends Master Franchise Agreement With GHL Hoteles

🌏 Sonesta International Hotels Corporation extended its Master Franchise Agreement with GHL Hoteles until 2034, to develop and franchise its brands in Peru, Colombia, Ecuador, Chile, and Argentina. The company plans to open Sonesta Hotel Miraflores in Lima in summer 2025. Sonesta entered Latin America in 1998 and, with GHL, now operates 14 hotels across Colombia (7), Peru (5), Ecuador (1), and Chile (1), focusing on urban and leisure destinations.

2 min

Drury Hotels Announces New Hotel in Lincoln, Nebraska

🏨 Drury Hotels, with over 150 properties in 27 states, is constructing a new Drury Plaza Hotel in downtown Lincoln, Nebraska, near the University of Nebraska-Lincoln and less than 10 minutes from Lincoln Airport. Reservations are open for February 2026 and beyond. The hotel will offer 210 guest rooms, 2,400 square feet of meeting space, and amenities like free hot breakfast, 5:30 Kickback, Wi-Fi, business and fitness centers, an indoor pool, spa, dining options, and a guest market. The property will create about 55 jobs in the Lincoln area.

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