Category: Financial

January 18, 2022

I heard this about 40 years ago and it has stuck with me. I was a newbie cocktail waiter working part time in my hometown hotel. One of my regular weekend customers was the controller and he was telling me […]

December 8, 2021

The Baird/STR Hotel Stock Index fell 7.6% in November to a level of 5,099. Year to date through the first 11 months of 2021, the stock index was up 11.5%. “Hotel stock price volatility continued in November with both the […]

November 16, 2021

GreenTree Hospitality Group Ltd. (NYSE: GHG), a hospitality management group in China, today announced its unaudited financial results for the second quarter of 2021. Second Quarter of 2021 Operational Highlights A total of 4,542 hotels with 328,773 hotel rooms were […]

October 22, 2021

Hotel investment volumes will likely cross US$7 billion for the full year 2021, a 15% year-on-year increase, as investors continue to look past the industry’s short-to-medium term headwinds brought on by COVID-19. According to JLL (NYSE: JLL) Hotels & Hospitality […]

October 15, 2021

This latest partnership will give C3 access to Lurra Capital’s global partners, which could facilitate C3’s international growth. C3 plans to reach 12,000 locations by 2023, and each of its current brands generate about $1 million per outlet, according to […]

September 15, 2021

The hotel industry is projected to end 2021 down more than $59 billion in business travel revenue compared to 2019, according to a new report released today by the American Hotel & Lodging Association and Kalibri Labs. That comes after […]

September 13, 2021

The White House yesterday announced the expanded COVID-19 Economic Injury Disaster Loan (EIDL) program, giving qualified hoteliers access to up to $2 million per loan. The American Hotel & Lodging Association (AHLA) has been working with Biden Administration and Small Business Administration […]

August 24, 2021

Choice Hotels International, Inc. (NYSE: CHH), one of the world’s largest lodging franchisors, is bringing back its Your Community, Your Choice. Choice Hotels Local Business Grant Program to recognize and support hotel owners’ service efforts. Originally launched in 2019, Choice […]

July 8, 2021

The Baird/STR Hotel Stock Index dropped 3.0% in June to a level of 4,993. Year to date through the first six months of 2021, the stock index was up 9.2%. “Hotel stocks declined again in June and continued their relative […]

June 8, 2021

The Baird/STR Hotel Stock Index dipped 2.8% in May to a level of 5,148. Year to date through the first five months of 2021, the stock index was up 12.6%. “Hotel stocks declined in May and underperformed their respective benchmarks […]

April 8, 2021

Asset managers are fighting a proposal from U.S. antitrust authorities to tighten scrutiny over how these firms influence the way businesses operate and, in turn, the prices of everything from airline tickets to food. In March, the asset-management industry pushed […]

March 25, 2021

The industry is buzzing with news that Montreal and Boston-based travel app Hopper has just received another round of fresh funds. Capital One led this round that injects another $170M into the company, which appears to have set its sights […]

February 18, 2021

The wild ride of Bitcoin has dominated headlines in recent weeks. The cryptocurrency’s value stands around $50,000 for one Bitcoin this week – compared to about $10,000 a year ago and around $400 five years ago. Bitcoin is just one […]

February 9, 2021

Marriott International, Inc. (NASDAQ: MAR) today announced a significant planned expansion of its all-inclusive portfolio through a long-term agreement with Sunwing Travel Group’s hotel division, Blue Diamond Resorts, which has an extensive portfolio of resort properties throughout the Caribbean, Central […]

January 28, 2021

Thayer Ventures Acquisition Corp., a special purpose acquisition company that has invested in a range of hospitality and travel-related projects, closed its initial public offering of 17.25 million units in December at a price of $10 per unit. The company […]

January 19, 2021

The United Kingdom’s hotel sector will show a noticeable surge in transactions outside of London as hotel-ownership balance sheets are cleaned up following the tumultuous year that was 2020, according to sources. Speaking at the 16th New Year Hotel Investment […]

January 8, 2021

Positive Big Picture It is obvious that hotel operating performance will be much better in 2021 than 2020. It is, perhaps, less obvious that hotel lending has already begun staging a comeback that will accelerate throughout the year while continuing […]

December 29, 2020

Sunstone Hotel Investors, Inc. (the “Company” or “Sunstone”) (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, announced today that it has completed a series of balance sheet enhancing transactions that include: extending the waiver period […]

December 21, 2020

I have been thinking about this topic for some time. Especially now in 2020 with the social unrest in this country and elsewhere in our world I think it’s time to speak up. For me, that means offering what I […]

December 14, 2020

There have been and still are many necessary changes to hotel operations to specifically address the need for viral safety in the wake of COVID-19. But a better outlook would be to think long-term and understand that much of the […]