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- ⚡ Luxury Hotels Thriving in U.S. Market
⚡ Luxury Hotels Thriving in U.S. Market
⚡ Luxury hotels in the U.S. are experiencing growth while economy hotels face decline, reflecting a divergence in the market that breaks from historical trends and highlights broader economic disparities.
⚡ In the first half of 2024, Europe saw significant but lower-volume hotel transactions, including diverse deals from small portfolios to iconic properties, impacted by softened investment yields and high interest rates, with potential growth if economic conditions improve later in the year.
⚡ Two Wine Country hotels, the 135-room Hotel Centro Sonoma Wine Country in Rohnert Park and the 90-room Knoll Hotel Napa Valley, have reopened under new ownership and rebranded as part of Hilton’s Tapestry Collection, following foreclosure and acquisition by Ohana Real Estate Investors last year.
⚡ Elavon has introduced a new API, the Elavon Cloud Payments Interface, enabling hotels and hospitality businesses to manage digital and in-person payments. This API allows guests to pay anywhere, anytime, and supports scalability, third-party payments, and PCI compliance. It enhances guest experiences, streamlines operations, and ensures secure data synchronization with automatic updates.
⚡ Morning Consult’s 2024 Most Trusted Brands report ranked Holiday Inn as the top trusted travel brand, with Hampton by Hilton, Comfort Inn, Best Western, Hyatt Hotels, and Hilton Garden Inn also in the top 15. Holiday Inn’s VP emphasized the brand's commitment to trust and innovation, citing its history of loyalty programs, reservation systems, and recent EV charging initiatives. The report also noted that Gen Z’s trust scores are lower than other generations.
⚡ Choice Hotels plan to use proceeds from the offering to redeem $250 million of 5.70% Senior Notes due 2020 and for general corporate purposes. The offering, expected to close around November 27, 2019, is made under an SEC automatic shelf registration statement. Deutsche Bank, J.P. Morgan, and Wells Fargo are joint book-running managers.
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