Stephanie Ricca
Editorial Director at Hotel News Now
Editorial director at Hotel News Now/STR, now part of CoStar Group. Subscribe to our free Daily Update and Europe, Middle East & Africa newsletters at the link.
Articles
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2 weeks ago |
costar.com | Stephanie Ricca
From the luxury Regent brand's U.S. revival to the acquisition of an "urban-micro" hotel brand, IHG Hotels & Resorts is on a global growth streak. "I think we might get the award for launching the most brands right before or during a pandemic," IHG's Chief Development Officer for the Americas Julienne Smith told Hotel News Now in a video interview recorded during the Hunter Hotel Investment Conference.
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2 weeks ago |
costar.com | Stephanie Ricca
John Schultzel loves the branding exercise. That's the process hoteliers go through to define a new hotel's story, its distinction, what makes it unique. It's particularly compelling for independent boutique hotels that don't fly a major brand flag, because the hotel's story becomes its unique selling proposition — a big part of why a guest chooses that hotel over another.
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3 weeks ago |
costar.com | Stephanie Ricca
We're keeping a close eye on Canada these days from the HNN newsroom. No, that's not just because we live pretty close to the border, but our affinity with Canada is in part because of that. It's a fact of geography: Up north here, we are used to a fluid border and easy travel. We've all taken the obligatory photo at Niagara Falls on the Rainbow Bridge with one foot in the U.S. and one in Canada.
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3 weeks ago |
costar.com | Stephanie Ricca
Hotel real estate investment trust Summit Hotel Properties closed on a $275 million senior unsecured term loan it will use to repay debt. Future proceeds will go toward Summit's outstanding $287.5 million convertible senior notes that mature in February 2026, the company said. This refinancing means Summit faces no significant debt maturities until 2027. The term loan includes a delayed draw feature that allows Summit to maintain the 1.5% interest rate of the senior notes.
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3 weeks ago |
costar.com | Stephanie Ricca
ATLANTA — Economy hotel demand in the U.S. has suffered in the last year, but Wyndham Hotels & Resorts CEO Geoff Ballotti has confidence in the segment's short- and long-term health. Despite the fact that travel has suffered slowdowns and declines thanks to general economic volatility, Ballotti said he's "still bullish long term on a very resilient piece of our country's hotel industry," which are the economy to midscale hotel segments.
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Chris Nassetta, $HLT CEO on how Hilton is Defying Gravity when it comes to net unit growth, signings and pipe? Essentially, because they’re Popular and get outsized signings. #Wicked
Also in this episode, we talk a little bit about Hallmark holiday movies featuring hotels, so there's something for everyone!
Tell Me More podcasters Isaac Collazo from @STR_Data and Jan Freitag from @CoStarGroup join host Stephanie Ricca to unpack October U.S. #hotel performance highlights. https://t.co/DHKjMrGJyc https://t.co/6rfwioye81
RT @Hotel_News_Now: The famed Bauer Hotel in #Venice has undergone a complex ownership history in the last few years, but the acquisition f…
