Boutique Hotel News
FEBRUARY 2, 2023
Founded in 2019, LEVA provides full-service management of third-party hotel assets. The group’s flagship property is the LEVA Mazaya Centre – Dubai and in 2021, took over management of Resivation, an upscale coliving property in Dubai’s Al Furjan development.
Hotel Business
FEBRUARY 16, 2023
Development pipeline grew 12% year-over-year, including 170 new construction projects added for the company’s ECHO Suites Extended Stay by Wyndham brand since launch in March. RevPAR grew 12%. System-wide rooms grew 4% year-over-year, including 1% in the U.S. and 9% internationally. Ballotti, president/CEO, Wyndham.
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Hotel Business
SEPTEMBER 3, 2024
How a towel is made—its construction—greatly affects what qualities it offers. The fabrication and construction deliver the soft experience your guests are after while still providing a long product life. Ring-spun is just one of several different types of 100% cotton towels.
Hotel Business
APRIL 27, 2023
Awarded 35 new-construction projects for ECHO Suites Extended Stay by Wyndham, bringing the total number to 205 since launch in March 2022. Adjusted EBITDA was $147 million compared to $159 million in first-quarter 2022, which included a $15 million contribution from the company’s select-service management business and owned hotels.
Hotel Business
FEBRUARY 15, 2024
Full-year 2023 Fee-related and other revenues was $1.384 billion compared to $1.354 billion in full-year 2022, which included $50 million from the company’s select-service management business and owned hotels, which were exited in 2022. Key highlights include: 14th consecutive quarter of sequential pipeline growth 8% growth in the U.S.
Hotel Business
JULY 27, 2023
Awarded 60 new construction projects for ECHO Suites Extended Stay by Wyndham in July, including its first hotels in Canada, bringing the total number of contracts to 265. Approximately 81% of the company’s pipeline is new construction, of which approximately 35% has broken ground.
Serviced Apartments
DECEMBER 16, 2022
SAN reported London operator Cheval Collection partnered with RMS Cloud to upgrade its property management system and earlier this year the Pichet Group, one of France’s largest real estate groups, chose Mews to lead its property management system for All Suites.
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