02/16/2024 Hotel Jolt Newsletter

February 16, 2024

⚡️ Top Stories

Photo: Wyndham

Wyndham Results Hurt By Cost of Choice Hotels' Hostile Bid

⚡ Wyndham confronts a costly battle against Choice Hotels' takeover bid, spending $75 million amidst regulatory scrutiny. Despite setbacks, its expansion efforts show resilience, though industry analysts closely monitor the outcome. Read More.

Marriott To Purchase One Of Chicago's Largest Hotels For $500M

⚡ In a landmark deal, Marriott is set to acquire the iconic Grand Chicago hotel in Streeterville for a staggering $500 million, signaling a significant move in the city's hospitality landscape. Read More.

Photo: Sheraton Grand Chicago / Google Maps

🤝 Baltimore Strikes Deal to Buy 2 Hotels to House Homeless Residents

⚡ Baltimore Breakthrough: Securing Shelter, Transforming Lives. After a tireless three-year endeavor, Baltimore is on the cusp of acquiring two hotels to house its homeless population. Read More.

🏨  BWH Hotels Expands and Develops in Latin America

⚡ BWH Hotels, encompassing esteemed brands like WorldHotels and Best Western, is poised to revolutionize Latin America's hospitality scene. Read More.

🛎️ Hyatt Announces Opening of Thompson Houston

⚡ Hyatt's latest venture, Thompson Houston, offers luxury and innovation, boasting stunning design, exquisite dining options, and unparalleled event spaces, marking a significant addition to the city's vibrant hotel scene. Read More.