SHERIDAN, WYOMING – March 4, 2025 – SHERIDAN, WYOMING – Mar. 4, 2025 – Pulse Hospitality and MD Hospitality have jointly acquired the Homewood Suites by Hilton Chattanooga-Hamilton Place in Chattanooga, Tennessee, marking a significant expansion of their hospitality portfolio. The sale, brokered by Hunter Hotel Advisors, represents a strategic move into a rapidly growing market.

Strategic Acquisition in a Thriving Market

SHERIDAN, WYOMING – March 4, 2025 – SHERIDAN, WYOMING – Mar. 4, 2025 – G6 Hospitality, the parent company of Motel 6 and Studio 6, has announced the signing of a new Motel 6 property located approximately one mile from the vibrant Las Vegas Strip. This significant addition to the company's portfolio, boasting 295 rooms, is anticipated to open its doors in May and marks one of the largest Motel 6 properties in the company's history. The property is owned by Los Angeles-based S.R.E Enterprises LLC.

Strategic Expansion in a Prime Location

SHERIDAN, WYOMING – March 4, 2025 – SHERIDAN, WYOMING – Mar. 4, 2025 – Reside has officially launched the Papago Hotel by Reside, a 70-unit property in Scottsdale, Arizona, operating under the renowned Trademark Collection by Wyndham brand. This opening marks a significant milestone in the hospitality landscape, combining mid-century charm with modern amenities in a prime location.

A Revitalized Scottsdale Gem

Originally constructed in the 1950s, the Papago Hotel by Reside has undergone a meticulous revitalization. Under the management of Reside, the hotel now boasts a range of premium amenities designed to cater to both leisure and business travelers. Guests can enjoy a refreshing outdoor pool, a cozy fire pit, private cabanas, and inviting lounge areas. The hotel also features an on-site coffee bar, providing a perfect spot for morning relaxation or casual meetings.

Culinary Excellence with Hai Noon

SHERIDAN, WYOMING – March 2, 2025 – SHERIDAN, WYOMING – Mar 2, 2025 – Destinations and companies place accessibility at the forefront of tourism planning and product development. This collaborative effort, spearheaded by UN Tourism and the European Accessibility Resource Centre (AccessibleEU), aims to revolutionize the tourism industry by making it inclusive for millions of people.

SHERIDAN, WYOMING – March 2, 2025 – SHERIDAN, WYOMING – Mar 2, 2025 UN Tourism has solidified its partnership with the Republic of Bulgaria through an official visit, including key meetings with political leaders and the appointment of football legend and philanthropist Hristo Stoichkov as its newest Ambassador.

Official Visit and High-Level Meetings

SHERIDAN, WYOMING – March 2, 2025 – SHERIDAN, WYOMING – Mar. 2, 2025 – Fairmont Hotels & Resorts has officially expanded its global footprint with the grand opening of Fairmont La Hacienda Costa del Sol, a luxurious resort poised to redefine hospitality in the heart of Spain’s picturesque southern coast. Developed in collaboration with Millenium Hospitality Real Estate and Odyssey Hotel Group, this new property promises an unparalleled experience for discerning travelers.

Prime Location and Luxurious Accommodations

SHERIDAN, WYOMING – March 2, 2025 – SHERIDAN, WYOMING – Mar. 2, 2025 - In a significant move within the luxury hospitality sector, Kempinski Hotels has announced its exclusive management of the Nymphenburg Palace Royal Residence in Munich, effective March 1, 2025. This prestigious agreement, forged with HRH Prince Luitpold von Bayern and the Royal Family of Bavaria, marks a new chapter for the historic private residence.

A Royal Partnership for Ultra-Luxury Experiences

SHERIDAN, WYOMING – March 2, 2025 – SHERIDAN, WYOMING – Mar. 2, 2025 - Simon Says: Corinthia Hotels is a challenger brand. Its CEO is looking to put an end to that. David Eisen reports that Simon Casson, the newly appointed CEO of Corinthia Hotels, is determined to elevate the brand beyond its "challenger" label and establish it as a dominant force in the luxury hospitality sector.

From Pot Washer to CEO: A Remarkable Journey

Simon Casson’s journey is far from conventional. Without formal higher education, he began his career at 16, washing dishes. “They gave me a room above,” he recalled. This humble beginning paved the way for a remarkable ascent. “Were I to write it, it would have been called ‘Pot Washer to President,’” he said, humorously acknowledging his current CEO role. His story underscores his dedication and talent, which have propelled him to the helm of a prestigious hotel brand.

SHERIDAN, WYOMING – March 2, 2025 – SHERIDAN, WYOMING – Mar. 2, 2025 – The U.S. hotel industry experienced varied performance in the week ending February 22, according to the latest data from CoStar. This period revealed a mix of gains and losses across key metrics, indicating a dynamic landscape for hospitality businesses.

Top 25 Market Analysis

A closer look at the top 25 markets reveals significant variations in performance. Notably, Los Angeles emerged as a strong performer, demonstrating substantial growth in both occupancy and RevPAR.

• Los Angeles: Experienced the largest increases in occupancy (+10.4% to 74.8%) and RevPAR (+16.7% to $147.34).

This surge in Los Angeles indicates robust demand and effective pricing strategies in this key market. "The strong performance in Los Angeles is a positive sign, reflecting the city's appeal and the industry's resilience," a market analyst stated.

SHERIDAN, WYOMING – March 2, 2025 – SHERIDAN, WYOMING – Mar. 2, 2025 – Kabani Hotel Group, a prominent hospitality brokerage firm, has successfully facilitated the sale of the Holiday Inn Express & Suites Florida City for $13.2 million. This transaction, involving the 105-room property, underscores the continued strength of the Florida hospitality market despite economic challenges.

Key Transaction Details

The sale of the Holiday Inn Express & Suites Florida City was completed at a price per key of $125,714, with a room revenue multiple (RRM) of 6.33x. Notably, the property was negatively cash flowing at the time of acquisition, highlighting the strategic vision of the new owners.

Strategic Marketing and Targeted Outreach