Lodging Daily News

CHICAGO—Hyatt Hotels Corporation celebrated the groundbreaking of Caption by Hyatt Chattanooga in Tennessee, set to open in early 2026. Developed by 3H Group Inc. under a franchise agreement with Hyatt, the hotel in Chattanooga will combine the design and comfort of an upscale, lifestyle hotel with the self-activation capabilities of a select-service property. Following the debut of its first property in Memphis, Tennessee, in 2022, the Caption by Hyatt brand is poised to grow in

LOS ANGELES, California—Springboard Hospitality announced its collaboration with Procure Impact. By sourcing products from social enterprises, Springboard Hospitality will add new products—ranging from in-room coffee and snacks to wellness products like candles and bath salts—as well as demonstrate its commitment to driving social impact by supporting vulnerable communities through its pledge of 5,000 hours of work. “We believe that every purchase has the power to make a difference,” shares Ben Rafter, CEO of Springboard Hospitality.

PHOENIX, Arizona—Aligned Hospitality Management continued its growth by adding The M Solvang to its portfolio. This marks the company’s 25th property and its inaugural venture into the diverse California market. In recent years, Aligned Hospitality Management’s expansion has been marked by acquisitions and diversification into new markets. The M Solvang joins a lineup of boutique properties in Aligned’s portfolio, including The Tuxon in Tucson, Arizona; The Alice in Tucson, Arizona; and The Sedona Collection in

WASHINGTON—U.S. hotel performance showed mixed results from the previous week but positive comparisons year over year, according to CoStar’s latest data through April 6, 2024. U.S. Hotel Performance March 31-April 6, 2024 Percentage change from comparable week in 2023:Occupancy: 64.1 percent (up 4.7 percent)ADR: $156.96 (up 2.1 percent)RevPAR: $100.59 (up 6.9 percent) Among the Top 25 Markets, Philadelphia reported the largest year-over-year occupancy lift (up 17.5 percent to 66.1 percent) and the second-highest jumps in

Sponsored by M3 The U.S. hospitality industry has made significant strides within the past year, and the pace only continues to grow despite challenges. The AHLA recently predicted the demand for hotel jobs will outpace overall market job growth over the next five years, but at the same time, two-thirds of hotels are still experiencing staffing shortages. CBRE reported that the commercial real estate lending market demonstrated signs of stabilization at the end of 2023