SHERIDAN, WYOMING – Feb. 21, 2025 – JLL’s Hotels & Hospitality Group has released its U.S. Select-Service and Extended-Stay Hotel Outlook 2025 report, offering insights into recent market trends and the sector’s potential as a strong investment opportunity.
Record-Breaking Performance and Demand Surge
SHERIDAN, WYOMING – Feb. 21, 2025 – The National Landing Hotel Crystal City in Arlington, Va., formerly known as the Marriott Crystal City at Reagan National Airport, is undergoing a significant transformation. A multi-million dollar renovation and rebranding project is underway, with completion expected this May. The newly rebranded National Landing Hotel will feature modernized guest rooms, upgraded public spaces, and a refreshed exterior.
Revitalizing Crystal City's Hospitality Landscape
SHERIDAN, WYOMING – Feb. 21, 2025 – Mandarin Oriental Hotel Group is making its grand entrance into the Caribbean with the groundbreaking of the Mandarin Oriental Residences, Grand Cayman. This landmark project, a collaboration with Melkonian Capital Management and RAL Companies, marks the brand’s first new-build resort and residential development in the region. Construction is officially underway, with completion anticipated in early 2028.
Luxury Living Redefined: Beach House and Ocean House Residences
SHERIDAN, WYOMING – Feb. 21, 2025 – With RevPAR hitting a record $78 in 2024 — 14% above 2019 levels — and demand surging by 232,000 room nights year-over-year (almost fully recovering from 2019), the select-service and extended-stay sector is showing its might in the lodging market, according to a latest study by JLL.
Growth Reflects Shifting Traveler Preferences
SHERIDAN, WYOMING – Feb. 20, 2025 – The Q4 2024 Hospitality Group and Business Performance Index from Cendyn and Amadeus reveals a significant surge in the U.S. group business sector, reaching its highest index rating in four quarters. The overall health metric stands at an impressive 108.2% year-over-year (YOY), signaling robust growth and positive momentum.
Top Performing Markets
Several key markets across the United States have demonstrated exceptional performance in the fourth quarter. The top overall health index markets include:
SHERIDAN, WYOMING – Feb. 20, 2025 – Extended Stay America has announced the grand opening of its newest property, the Extended Stay America Premier Suites – Bradenton. This marks a significant milestone for the brand, as it becomes their 20th location in the state of Florida.
Strategic Expansion in High-Demand Market
SHERIDAN, WYOMING – Feb. 20, 2025 – The Asian American Hotel Owners Association (AAHOA) has announced the promotions of Geetika Rana to Executive Vice President (EVP), Membership & Events, and Dennis Smith to EVP, Business Development. These promotions recognize their significant contributions to the organization and position AAHOA for continued growth and success.
Leadership's Vision for Growth
SHERIDAN, WYOMING – Feb. 20, 2025 – Enseo, a leading provider of technology solutions for the hospitality industry, has announced the appointment of David Goldstone as its new president of hospitality. Goldstone will play a key role in executing Enseo’s vision and strategic direction as the company continues to expand its offerings of customer-centric solutions. These solutions include interactive guestroom entertainment, managed WiFi, smart room controls, and employee safety devices.
Leadership and Vision
SHERIDAN, WYOMING – Feb. 20, 2025 – InterContinental Hotels Group (IHG Hotels & Resorts) today announced a 3% increase in global RevPAR for full-year 2024 compared to 2023, with a 4.6% year-over-year increase for the fourth quarter. The company also revealed its acquisition of the Ruby brand and related intellectual property from Ruby SARL for an initial purchase consideration of approximately $116 million.
Ruby Brand Acquisition
SHERIDAN, WYOMING – Feb. 20, 2025 – myroom24, a leading booking platform offering real-time availability for long-term stays, has announced a partnership with Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,200 hotels across more than 95 countries.1 This collaboration integrates Wyndham's global portfolio into myroom24's booking technology, streamlining the process for long-term travelers.
