Lodging Daily News

DENVER, Colorado—Crescent Hotels & Resorts announced the addition of The Source Hotel & Market Hall to its Latitudes: Lifestyles by Crescent portfolio. The Source is a boutique hotel, market hall, and creative location in Denver’s RiNo Art District. The property offers 100 guestrooms with 20 suites. Drawing inspiration from the minimalist design philosophies of Scandinavia and Japan, these spaces have Baltic birch casework, concrete floors, and operational garage doors in select rooms and suites that

PORT CHARLOTTE, Florida—The Sunseeker Resort Charlotte Harbor opened and welcomed its first guests. The independently flagged property has 785 guestrooms including 189 Sunsuites and is a completely new-build resort. To commemorate the opening, Sunseeker Resort Charlotte Harbor hosted a ribbon-cutting ceremony. “There are not enough words to express how exciting this day is to so many of us that have been working on this project since the beginning. We have been waiting to celebrate this

SHANGHAI, China—IHG Hotels & Resorts recently announced Holiday Inn Express has surpassed 500 hotels in operation and pipeline in Greater China, marking a milestone for the upper midscale brand. Leveraging its offerings in ROI for owners, Holiday Inn Express has garnered attention from owners and investors since entering the market. Jerome Qiu, chief operating officer of IHG Greater China said, “In the fiercely competitive midscale hotel market, Holiday Inn Express has consistently stayed true to

PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced that its Board of Directors, following a review with its outside financial and legal advisors, has unanimously determined the exchange offer from Choice Hotels International, Inc. to acquire all outstanding shares of Wyndham is not in the best interests of Wyndham and its shareholders. The Wyndham Board of Directors recommends that shareholders not tender any of their shares into the offer. “Choice has, once again, failed to address

DALLAS, Texas—CBRE foresees economic growth slowing in 2024, though a recession may be avoided and real estate transaction values will decline further, creating compelling buying opportunities, according to the company’s 2024 U.S. Real Estate Outlook. CBRE’s economists anticipate that resilient consumer spending will counter economic headwinds next year including high interest rates and near recessions in Europe and China. CBRE predicts the U.S. unemployment rate will rise slightly to 4.5 percent and an easing of