Throughout 2024, the hospitality sector proved resilient in a contrasting consumer environment, according to Accor. The group’s diversification in terms of geography and segment enabled it to post strong activity. As a result, both divisions—Premium, Midscale, and Economy (PM&E) and Luxury and Lifestyle (L&L)—reported results in line with the outlookContinue Reading
InterContinental Hotels Group PLC (IHG) acquired the Ruby brand and related intellectual property for an initial purchase consideration of €110.5 million (~$116 million) from Ruby SARL. Ruby is an urban lifestyle brand for modern travelers in city destinations that provides hotel owners with space-efficient designs and a flexible concept thatContinue Reading
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 onContinue Reading
NEW ORLEANS, Louisiana—Dreamscape Hospitality announced its selection to manage a portfolio of independent lifestyle boutique hotels in the Garden District of New Orleans. “We are honored to bring our expertise to this exceptional collection of boutique hotels in New Orleans,” shared Adam Patenaude, president, Dreamscape Hospitality. “This venture represents anContinue Reading
WASHINGTON—CoStar and Tourism Economics made minimal adjustments to growth projections in the first U.S. hotel forecast of 2025 released at the Americas Lodging Investment Summit (ALIS). For 2025, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were unchanged from the previous forecast, +1.6 percent andContinue Reading
Mike Deitemeyer joined Rockbridge as executive vice president of Rockbridge Holdings and president of its development company. As the company looks to scale and grow in the luxury and lifestyle segment, Deitemeyer will lead strategic affiliates beginning with its newest acquisition, ZaZa Hotels and Resorts. With a background spanning operations,Continue Reading
ATLANTA—IHG Hotels & Resorts (IHG) built momentum across its Luxury & Lifestyle portfolio. IHG’s six Luxury & Lifestyle brands represent 20 percent of its overall global pipeline, nearly double what it was just five years ago, and span more than 900 open and pipeline hotels, with over 260 of thoseContinue Reading
CHICAGO—First Hospitality assumed management and operations of The Abbey Resort & Avani Spa on Lake Geneva in Wisconsin. This addition to the portfolio further expands First Hospitality’s lifestyle, spa, and restaurants and bars collection. Originally opened in 1963 as a year-round resort, The Abbey Resort & Avani Spa has 334Continue Reading
Rockbridge acquired the Hotel ZaZa Houston Museum District. COLUMBUS, Ohio—Owner and developer Rockbridge announces the acquisition of three luxury lifestyle Hotel ZaZa properties in Texas. These distinctive hotels include the 159-room Hotel ZaZa Austin Downtown, the 166-room Hotel ZaZa Dallas Uptown, and the 315-room Hotel ZaZa Houston Museum District. All threeContinue Reading
SIOUX FALLS, South Dakota—Hilton announces the opening of Canopy by Hilton Sioux Falls Downtown, marking the Canopy by Hilton brand’s debut in South Dakota and Hilton’s first lifestyle hotel in Sioux Falls. Offering a riverfront location along Big Sioux River in the heart of the vibrant Steel District, a dynamicContinue Reading
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