Lodging Daily News

MILWAUKEE—Marcus Hotels & Resorts announced that it has reached an agreement to jointly acquire the Loews Minneapolis Hotel with Hempel Real Estate and Robinson Park Investments. The terms of the agreement were not disclosed and are subject to the satisfaction of certain standard closing conditions. Upon closing, Marcus Hotels & Resorts will assume hotel management, which will be rebranded under another major global hotel system. “The agreement to purchase the Loews Minneapolis Hotel is consistent
technology

Davidson Hospitality Names eTip as a Digital Partner for Cashless Tipping

Posted by LODGING Staff on  February 14, 2024
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SAN FRANCISCO—eTip announced its designation as a digital tipping partner to Davidson Hospitality Group. As the demand for cashless tipping rises among hotel guests, hoteliers are turning to digital tipping to improve guest satisfaction, streamline tip management, and boost staff retention. “We look forward to this new era of using technology to redefine hospitality,” said Nicolas Cassis, co-founder and CEO of eTip. “Together with Davidson Hospitality Group, we’re setting the stage to empower guests to

Raines Takes Growth to Next Level After 35 Years of Operating

Posted by Dennis Nessler on  February 13, 2024
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You can’t succeed and thrive for 35 years and multiple generations without learning to pivot and adapt to change, and Raines has certainly done that. But for the longtime hospitality company, there has been one constant, and that is putting people first. It’s that philosophy that has been a core tenet of the integrated Florence, South Carolina-based development, management, and investment company and has helped it steadily expand its portfolio of Southeastern properties. Grey Raines,

Marriott International Reports Full-Year and Q4 2023 Results

Posted by LODGING Staff on  February 13, 2024
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Marriott International reported full-year 2023 and Q4 2023 financial results. Highlights include: Fourth quarter 2023 comparable systemwide constant dollar RevPAR increased 7.2 percent worldwide, 3.3 percent in the United States and Canada, and 17.4 percent in international markets, compared to the 2022 fourth quarter; Fourth quarter reported diluted EPS totaled $2.87, compared to reported diluted EPS of $2.12 in the year-ago quarter. Fourth quarter adjusted diluted EPS totaled $3.57, compared to fourth quarter 2022 adjusted
Best Western Plus Heritage Rail Inn & Suites, two hotels
Best Western Hotels and Resorts opened two hotels: the Best Western Seaworld Inn & Suites and the Best Western Plus Heritage Rail Inn & Suites. Best Western SeaWorld Inn & Suites Best Western SeaWorld Inn & Suites is located in San Antonio, Texas, and is owned by Aman Patel with 70 guestrooms and 12 suites. The hotel recently underwent a $1.5 million renovation that includes a new gray exterior with sandstone, white, and black trim.