Lodging Daily News

Wyndham Hotels & Resorts Reports Q2 2024 Results

Posted by LODGING Staff on  July 25, 2024
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PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced results for the three months ended June 30, 2024. Highlights include: Global RevPAR grew 2 percent in constant currency. System-wide rooms grew 4 percent year-over-year. Opened over 18,000 rooms globally, including over 7,000 in the United States, which represented a year-over-year increase of 16 percent, and the first ECHO Suites Extended Stay by Wyndham. Awarded 180 development contracts globally, including 96 contracts in the United States, which represented
Comings & goings
Following 30 years of executive leadership for the Hospitality Sales and Marketing Association International (HSMAI) Americas, HSMAI Foundation, and HSMAI Global, the organization announced the retirement of President and CEO Bob Gilbert. Rajit Sukumaran has taken on an expanded role as IHG Hotels & Resorts’ senior vice president and managing director, East Asia & Pacific. Additionally, Vivek Bhalla has been promoted to IHG’s managing director, SEAK. Commonwealth Hotels announced the appointment of Jon Gustin as
WASHINGTON—The American Hotel & Lodging Association (AHLA) announced the launch of its Hospitality Law Database, which gives hoteliers quick access to a nationwide compendium of state and local laws that impact hotel operations. This new online tool will help hotel owners, managers, human resources professionals, lawyers, and others navigate and abide by the ever-changing patchwork of state and local laws that affect the hotel industry. Tracking laws across all 50 states, the District of Columbia,
LONDON, England—InterContinental Hotels & Resorts announced a partnership with Timeshifter, an app based on the latest circadian science that devises personalized jetlag mitigation plans to help travelers manage the causes and symptoms of jetlag. InterContinental is introducing a range of “Intentional Flexibility” initiatives, designed to support guests in navigating their day-to-day travel. Timeshifter plans are based on guests’ chronotypes, normal sleep patterns, itineraries, and personal preferences, resulting in a personalized solution specific to each trip,

Marcus & Millichap Announces Sale of Two South Carolina Hotels

Posted by LODGING Staff on  July 24, 2024
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SOUTH CAROLINA—Marcus & Millichap announced the sale of two Country Inn & Suites properties in Orangeburg and Summerville, South Carolina. The assets collectively sold for $14,500,000. “These properties were sold as a portfolio at full asking price,” said Jack Davis, senior vice president, investments. “The buyers plan to convert these properties and complete an extensive renovation.” Davis, Joce Messinger, Chase Dewese, Josh Tammen, and Robert Hunter—investment specialists in Marcus & Millichap’s Charleston, Charlotte Uptown, Phoenix,