Boutique Hotel News
FEBRUARY 2, 2023
It will fall under the LEVA Hotels and Resorts brand, comprising properties of four stars and above. Two properties, including the luxury resort Afrotsion Semera Resort, has also been signed in Ethiopia, marking the group’s debut in the country. When complete, the hotel will offer five food and beverage concepts.
Hotel Business
DECEMBER 6, 2022
Davidson Resorts, the specialized operating vertical under Davidson Hospitality Group , has been selected by JEMB Realty to operate Wyndham Grand Clearwater Beach in Clearwater Beach, FL. The oceanfront resort is comprised of 343 guestrooms; three restaurants and bars; Pallavi spa; nearly 22,000 sq.
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Hotel Business
FEBRUARY 15, 2024
Wyndham Hotels & Resorts, for full-year 2023, reported year-over-year systemwide rooms growth of 3.5% 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.
Hotel Business
APRIL 27, 2023
For the first quarter ended March 31, Wyndham Hotels & Resorts reported global RevPAR grew 12% compared to first-quarter 2022, with U.S. 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 16, 2023
Wyndham Hotels & Resorts reported strong results for the fourth quarter and end of the year for 2022, including a 12% year-over-year pipeline increase. On a comparable basis, fee-related and other revenues increased 12% year-over-year primarily reflecting global RevPAR growth and higher license fees. billion compared to $1.2
Hotel Owner
SEPTEMBER 13, 2023
Hotels can grow their portfolios through various means, such as franchising, management agreements, leasing properties or direct ownership. One example is the recent partnership between Valor, IHG Hotels and Resorts, and Zeal Hotels to create a net zero hotel. The level of resources and investment required is different for each.
Serviced Apartments
DECEMBER 16, 2022
The Company delivers modular and integrated software solutions and expertise to businesses seeking to maximise Return on Experience (ROE) through hospitality encounters that are both personal and profitable.
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