Lodging Daily News

PROVO, Utah—Lodging Dynamics Hospitality Group has been appointed to manage the Residence Inn at Anaheim Resort/Convention Center and SpringHill Suites Anaheim Resort/Convention Center. These properties represent the 11th and 12th California properties managed by Lodging Dynamics. The Marriott-flagged properties offer a combined 468 keys within walking distance of both the Anaheim Convention Center and Disneyland Resort. “Adding the Residence Inn and SpringHill Suites Anaheim Resort Convention Center to our portfolio marks an important step in

LAS VEGAS, Nevada—MGM Resorts International reported financial results for the quarter and year ended Dec. 31, 2024. Highlights include: MGM Resorts reports record full-year consolidated net revenues, up 7 percent to $17.2 billion MGM China has record full-year Segment Adjusted EBITDAR of $1.1 billion, an increase of 25 percent from the prior year Repurchased over 33 million shares in 2024, reducing shares outstanding by more than 40 percent since 2021 “MGM Resorts is proud to

ATLANTA, Georgia—IHG Hotels & Resorts welcomed Hotel Spero to the Vignette Collection. Near San Francisco’s Union Square and the Theater District, this latest addition to IHG’s luxury and lifestyle portfolio, owned by an affiliate of Fairwood Capital and operated by Aperture Hotels, marks the brand’s first hotel to open on the West Coast. Originally built in 1924, Hotel Spero has 236 guestrooms and 23 suites. Hotel Spero’s design goes back to Spanish Colonial Revival architecture,

ARLINGTON, Virginia—U.S. hotel industry profits grew in 2024, but increased labor costs and inflation limited growth, according to P&L data from CoStar. U.S. Hotel Industry2024 Per-Available Room MetricsPercentage change from 2023GOPPAR: $73.60 (up 3.2 percent)TRevPAR: $209.67 (up 7.2 percent)EBITDA PAR: $51.88 (up 2.5 percent)LPAR (Labor Costs): $72.44 (up 11.2 percent) “Growth in total operating expenses, especially labor, has had the biggest impact on profits,” said Raquel Ortiz, senior manager of financial performance, STR. “GOPPAR continued

MYRTLE BEACH, South Carolina—Brittain Resorts & Hotels (BRH), in partnership with EOS Hospitality, invested over $58 million in renovations at three of its properties in Myrtle Beach, South Carolina: Caribbean Resort & Villas, Ocean Reef Resort, and Compass Cove Resort. “Myrtle Beach is rapidly transforming into a destination known for elevated and unforgettable experiences, and we are proud to be part of that evolution,” said Patrick Norton, chief marketing officer, Brittain Resorts & Hotels. “Our