Lodging Daily News

WASHINGTON—American Hotel & Lodging Association President and CEO Chip Rogers released a statement after the U.S. House of Representatives passed a Congressional Review Act resolution to overturn the National Labor Relations Board’s (NLRB) joint-employer regulation. “Today’s House vote is a victory for common sense. Neither companies nor their employees want this job-killing regulation, which will destroy the franchise model that supports millions of small business jobs,” said Rogers. “The bipartisan nature of this vote underscores

LONDON—Starwood Capital Group announced that a controlled affiliate acquired a portfolio of 10 hotels from Edwardian Group for an undisclosed sum via an off-market transaction. The portfolio comprises 10 hotels with 2,053 rooms. Edwardian Group will continue to own and operate The Londoner and its two Radisson Collection hotels—The May Fair and The Edwardian Manchester—following the closing of the transaction. Alongside the acquisition, Starwood Capital and Edwardian Group intend to collaborate on future opportunities. As

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index jumped 10.5 percent in December to a level of 6,760. For 2023, the stock index was up 38.4 percent. “Hotel stocks—like the broader market—finished 2023 on a high note as the ‘soft landing’ narrative and lower interest rate outlook continued to boost investor sentiment and valuation multiples,” said Michael Bellisario, senior hotel research analyst and director at Baird. “Both the hotel brands and hotel REITs were up

HILTON HEAD ISLAND, South Carolina—The Westin Hilton Head Island Resort & Spa announced that the completion of its renovation, in which the team reimagined the resort’s existing 416 guestrooms to grow to 420 rooms, including 32 suites, is scheduled for early February 2024. Across all rooms, the team has updated these spaces into extensions of the island’s landscape. Ellis Adams Design drew inspiration from the sea oats and sweetgrass of Hilton Head Island and wellness.

COLUMBUS, OHIO—Red Roof announced its latest fully woman-owned franchise since launching its RIDE with Red Roof initiative. The HomeTowne Studios Madison, Alabama, formerly known as the Rocket City Suites, is the latest of two Red Roof hotels owned by Jaya Desai. Desai joins the Red Roof properties owned or partially owned by women, bolstered by the organization’s RIDE (Road to Inclusivity and Diversity in Entrepreneurship) program. Desai currently owns an additional Red Roof branded property,