Extended Stay America Grows Franchise Portfolio by 20 Percent
CHARLOTTE, North Carolina—Extended Stay America announced its growth outlook through franchising, following the momentum from a year of milestones, including 20 percent growth of...
Hotel Equities Forms Partnership With PPC Enterprises
ATLANTA—Hotel Equities has formed a strategic partnership with private equity firm PPC Enterprises. The partnership looks to invest in future mergers, strategic alliances, JV...
Sonesta Announces Execution of 65 New Franchise Agreements in 2023
NEWTON, Massachusetts—Sonesta International Hotels Corporation announced the execution of 65 new franchise agreements in 2023, spanning 12 of the company’s 17 brands. The new...
Hyatt Shares Expected Growth Trajectory for 2024, Includes Pipeline of 127,000 Rooms
CHICAGO—Hyatt Hotels Corporation updated its projected growth for 2024 and beyond. In 2023, Hyatt's pipeline resulted in 127,000 rooms worldwide at year-end, which is...
Red Roof Adds Next Woman-Owned Franchise Since Launching New Initiative
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...
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Choice Hotels Publishes 2023 ESG Report
NORTH BETHESDA, Maryland—Choice Hotels International, Inc. published its 2023 Environmental, Social, and Governance Report. The report details Choice's latest initiatives to drive sustainability across...
World of Hyatt Platform Adds More Than 700 Properties From Mr & Mrs Smith
CHICAGO—Hyatt Hotels Corporation announced that World of Hyatt is offering members access to earn and redeem at a collection of more than 700 boutique...
Lodging Econometrics: U.S. Hotel Construction Pipeline Shows Robust Growth
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there...
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